Minnesota Mortgage Rates
Buyers seeking an outdoor paradise will find the best of all worlds in Minnesota, which offers a prime location and affordable real estate. Fueled by a vibrant economy and record low mortgage rates, the state's housing market continues to grow. Prospective buyers and investors will discover a wide array of condos and homes in Minneapolis. Money Magazine has consistently listed Rochester as one of the top places to live in the country. What makes this housing market particularly appealing for purchasers is its location on the southern end of the Zumbro River. An emerging home market is Ely, Minnesota. A substantial number of Minneapolis-St. Paul and Duluth residents purchase second homes in the Gateway to the Boundary Waters Canoe Area Wilderness. Fergus' real estate market is also posting solid sales, this being attributed to the new ethanol plant which is enticing prospective residents and investors.