Current Minnesota Mortgage Rates
Average market rates for December 05, 2025 in Minnesota are 6.36% for 30-year fixed purchase and 6.40% for 30-year fixed refinance
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.36% | 6.39% |
| 30-year Fixed Refinance | 6.40% | 6.42% |
Rates based on market averages as of Dec 04, 2025.Mortgage Rate Trends in Minnesota
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.36% | 6.39% |
| 30-year Fixed Refinance | 6.40% | 6.42% |
Rates based on market averages as of Dec 04, 2025.Minnesota Purchase Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Purchase | 5.44% | 5.49% |
| 15-year Fixed Jumbo Purchase | 5.56% | 5.58% |
| 30-year Fixed Purchase | 6.36% | 6.39% |
| 30-year Fixed Jumbo Purchase | 6.19% | 6.21% |
Rates based on market averages as of Dec 04, 2025.Minnesota Refinance Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Refinance | 5.43% | 5.47% |
| 15-year Fixed Jumbo Refinance | 5.55% | 5.57% |
| 30-year Fixed Refinance | 6.40% | 6.42% |
| 30-year Fixed Jumbo Refinance | 6.27% | 6.29% |
Rates based on market averages as of Dec 04, 2025.Minnesota ARM Rates
| Product | Rate | APR |
|---|
| 5/6 Arm (purchase) | 6.06% | 6.09% |
| 5/6 Arm (refinance) | 6.03% | 6.05% |
| 5/6 Jumbo Arm (purchase) | 5.87% | 5.88% |
| 5/6 Jumbo Arm (refinance) | 5.91% | 5.92% |
Rates based on market averages as of Dec 04, 2025.How we source rates and rate trends
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Rate data in the charts and tables above comes from
RateUpdate.com.
The displayed rates come from multiple providers and represent market averages. Your mortgage rate will differ
based on individual factors like your credit score as well as differing loan types and terms offered by lenders.
Most Common Mortgage Types in Minnesota
- Conventional: 63,117 loans
- FHA: 7,679 loans
- USDA: 1,006 loans
- VA: 3,813 loans
Top Purchase Lenders in Minnesota by Volume
- Bell Bank: 5,289 loans
- Crosscountry Mortgage, LLC: 3,146 loans
- Fairway Independent Mortgage Corporation: 2,704 loans
- Wells Fargo Bank: 2,392 loans
- Prosperity Home Mortgage, LLC: 2,114 loans
- U.S. Bank: 2,077 loans
- Broker Solutions, Inc.: 1,935 loans
- Loandepot.com, LLC: 1,653 loans
- Alerus Financial: 1,547 loans
- Rocket Mortgage, LLC: 1,543 loans
Top Refinance Lenders in Minnesota by Volume
- Affinity Plus: 3,320 loans
- U.S. Bank: 1,888 loans
- Trustone Financial Federal Credit Union: 927 loans
- Wells Fargo Bank: 684 loans
- Rocket Mortgage, LLC: 640 loans
- Bell Bank: 573 loans
- Wings Financial Credit Union: 406 loans
- Bremer Bank: 404 loans
- Merchants Bank: 363 loans
- Pennymac Loan Services, LLC: 356 loans
Top Cash-Out Refinance Lenders in Minnesota by Volume
- Rocket Mortgage, LLC: 2,915 loans
- Wells Fargo Bank: 1,344 loans
- Loandepot.com, LLC: 685 loans
- Nationstar Mortgage LLC: 684 loans
- U.S. Bank: 683 loans
- Freedom Mortgage Corporation: 576 loans
- Pennymac Loan Services, LLC: 468 loans
- Flagstar Bank, Fsb: 432 loans
- Wings Financial Credit Union: 432 loans
- The Huntington National Bank: 406 loans
How we source lender data
Meet the Author
The Refi.com team is compiled of journalists, editors, and mortgage industry professionals to ensure you have the most accurate information on mortgage refinancing.
