Mortgage lending in Rochester, MN
4,982 mortgages were originated in the Rochester, MN area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 4,982
- Median rate
- 6.540%
- Median lender fees
- $4,596
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $225,000
- Above the going rate (spread over APOR)
- 0.197
- Paid discount points
- 30.2%
- Received lender credits
- 25.1%
- Purchases / refinances
- 57.2% / 23%
- Conventional / FHA / VA
- 88.2% / 6.9% / 4.6%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 71.3% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Rochester, MN area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Think Mutual Bank | 462 | $3,775 | 6.690% |
| United Shore Financial Services, LLC | 435 | $6,173 | 6.415% |
| Alerus Financial, National Association | 220 | $4,314 | 6.500% |
| Merchants Bank, National Association | 212 | $4,292 | 6.025% |
| Bell Bank | 192 | $5,834 | 6.490% |
| Mayo Employees Federal Credit Union | 186 | $156 | 6.590% |
| U.S. Bank National Association | 179 | $4,220 | 6.625% |
| Rocket Mortgage, LLC | 166 | $5,397 | 6.750% |
| ALTRA Federal Credit Union | 162 | $4,614 | 6.575% |
| First Alliance Credit Union | 149 | $231 | 7.000% |