Closing Costs
Understanding Closing Costs When Buying a Home in the Twin Cities
By Chad Krueger
In This Issue
What a more balanced Twin Cities market may mean for buyers
How mortgage rates affect your monthly payment
Community Spotlight: Lebanon Hills Regional Park
Four family-friendly weekend events
Featured homes in Rosemount and Chanhassen
A new weekly riddle, with the answer at the bottom
Seasonal Welcome
Mid-July is peak Minnesota summer. Neighbors are heading to hometown festivals, farmers markets, beaches, parks, and outdoor concerts.
For some families, summer is also the season when a future move starts to feel more real.
This week’s theme is simple: plan a confident move without unwanted surprises.
That starts with understanding the full picture of a home purchase, including the price, monthly payment, cash needed, property taxes, insurance, and loan options.
Twin Cities Housing Snapshot
The latest complete monthly housing report covers June 2026. These are monthly figures, not current-week numbers.
According to Minnesota Realtors data reported by FOX 9:
The Twin Cities metro median sales price was $410,000, up 2.1 percent from a year earlier.
The number of homes for sale reached 10,897, up 5.1 percent.
Homes averaged 42 days on the market.
Sellers received an average of 99.6 percent of their asking price.
New listings increased 10.5 percent.
Pending sales increased 9.7 percent.
The statewide Minnesota median sales price was $375,000, up 1.4 percent.
What does this mean for local buyers?
There are more homes available than there were a year ago, and the market appears steadier and more balanced.
That may give buyers more time to compare homes, review monthly costs, and make thoughtful decisions without feeling pressured to rush.
Chad’s Mortgage Minute
What do today’s mortgage rates mean for your payment?
A mortgage rate is one of the main factors that determines your monthly principal and interest payment.
For the week of July 16, 2026, Freddie Mac reported average rates of:
6.55 percent for a 30-year fixed-rate mortgage
5.93 percent for a 15-year fixed-rate mortgage
These are national survey averages for that week. They are not a loan offer or a personalized quote.
Your actual monthly housing payment may also include:
Property taxes
Homeowners insurance
Mortgage insurance, when applicable
Homeowners association dues
Other property-specific costs
That is why a payment estimate based on your actual numbers is more useful than any single rate mentioned in the news.
You can explore different scenarios with the mortgage calculator.
When you are ready for a clearer estimate based on your price range, down payment, and goals, reach out to Chad.
Community Spotlight
Lebanon Hills Regional Park in Eagan
Lebanon Hills Regional Park offers nearly 2,000 acres of trails, lakes, beaches, and outdoor recreation close to home.
Summer visitors can enjoy:
Swimming at Schulze Lake Beach
Hiking and recreation trails
Picnic areas
Equipment rentals at the visitor center
Seasonal programs and activities
The park is open daily from 5:00 AM to 10:00 PM.
It is a convenient South Metro destination for a walk, swim, picnic, or afternoon outdoors.
Things To Do This Weekend
Here are four family-friendly ideas for Friday, July 17 through Sunday, July 19, 2026.
Hastings Rivertown Days
Location: Downtown Hastings, Levee Park, and Jaycee Park
Dates: Friday, July 17 through Sunday, July 19
Times:
Friday: 4:00 PM to 11:00 PM
Saturday: 11:00 AM to 11:00 PM, with children’s activities beginning at 9:00 AM
Sunday: Family entertainment from 9:00 AM to 2:00 PM, with the carnival from 11:00 AM to 4:00 PM
View Hastings Rivertown Days details
Minnesota Scottish Fair and Highland Games
Location: Macalester College, 1600 Grand Ave, St. Paul
Date: Saturday, July 18
Time: 8:00 AM to 8:30 PM
View Minnesota Scottish Fair details
Prior Lake Farmers Market
Location: Downtown Prior Lake, Main Avenue SE
Date: Saturday, July 18
Time: 8:00 AM to 12:00 PM
View Prior Lake Farmers Market details
Free Concerts at the Lake Harriet Bandshell
Location: Lake Harriet Bandshell, 4135 W Lake Harriet Pkwy, Minneapolis
Dates and times:
Friday at 7:30 PM
Saturday at 7:30 PM
Sunday at 2:00 PM and 5:30 PM
View the Minneapolis Music in the Parks schedule
Featured Homes
Here are two homes currently on the market. Prices, features, and availability reflect the live listing pages at the time of verification.
Rosemount Home
Price: $424,000
Bedrooms: 4
Bathrooms: 3
Approximate size: 2,175 square feet
Located in the Amber Fields community, this home features an open main level connecting the kitchen, dining area, and living room.
The upper level includes an owner’s suite with a walk-in closet and private bathroom, three additional bedrooms, another bathroom, and laundry.
Community amenities include parks, trails, pickleball courts, and a dog park.
View 1165 149th St in Rosemount
If you’d like to view one of these properties, please reach out to Chad and he will have a Realtor connect with you to set up a showing.
Chanhassen Luxury Home
Price: $1,350,000
Bedrooms: 5
Bathrooms: 5
Approximate size: 5,300 square feet
This remodeled Lundgren Brothers Fairfield model sits on a 0.54-acre lot overlooking a pond and ravine.
Features include European French oak flooring, a two-story family room, a chef’s kitchen with Cambria quartz countertops, a vaulted primary suite, a spa-inspired bathroom, and a walkout lower level with a stone fireplace and wet bar.
Neighborhood amenities include a swimming pool, sports court, and playground.
View 6815 Ruby Ln in Chanhassen
If you’d like to view one of these properties, please reach out to Chad and he will have a Realtor connect with you to set up a showing.
Weekly Riddle
I can fill a room, but I do not take up any space.
What am I?
The answer is at the bottom of the newsletter.
Closing
Whether you are enjoying a festival, visiting a park, or beginning to think about your next home, good decisions start with clear information.
Ask Chad for a monthly-payment estimate based on your actual numbers, and you will have a more useful starting point for planning your next move.
Chad Krueger
Mortgage Originator
MinnTrust Mortgage, LLC
NMLS #400930
612-382-8792
Chad@MinnTrust.com
www.chadkrueger.com
All loans subject to approval. Equal Housing Lender.
RIDDLE ANSWER: Light.