Despite a spring bump in mortgage interest rates, it was the best August in at least a decade for Twin Cities home sellers. A monthly report from Minneapolis and St. Paul Area Associations of Realtors released this morning shows that there were 5,575 closings during the month - the most since at least August 2003. Here's a summary of what happened during the month compared with last year, we'll have a complete story in the Friday paper with reaction from Twin Cities agents.
Also Thursday, Freddie Mac said that fixed mortgage rates were relatively unchanged from last week, with the 30-year, fixed-rate mortgage averaging 4.57 percent with an average 0.8 point for the week ending Septemeber 12. That's a full percentage point higher than last year at this time.