Mortgage Rates in Ramsey, Minnesota — March 2026
Updated March 2026 | Based on Ramsey market data and regional lending conditions
Ramsey is a growing city in Minnesota with a population of 28,252. The current 30-year fixed mortgage rate in Ramsey is 6.77%, which is 0.12% above the national average. With a median home price of $301,000 and a 20% down payment of $60,200, homebuyers can expect a monthly principal and interest payment of approximately $1,565.
Current Mortgage Rates in Ramsey, MN
Below are the current average mortgage rates available in the Ramsey area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Ramsey Housing Market Overview
The Ramsey housing market reflects moderate demand with prices near the national average. The median household income in Ramsey is $73,900, and the cost of living index is 94.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $78,343 to comfortably afford the median-priced home in Ramsey, which exceeds the current median household income.
Monthly Payment Breakdown for Ramsey
Based on the median home price of $301,000 with 20% down ($60,200), here is what you can expect to pay monthly in Ramsey:
15-Year vs. 30-Year Mortgage in Ramsey
Choosing a 15-year mortgage in Ramsey at 6.01% instead of a 30-year at 6.77% would save you $197,460 in total interest over the life of the loan. However, your monthly payment would be $2,033 instead of $1,565 — an increase of $468 per month.
Calculate Your Ramsey Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Ramsey
What are the current mortgage rates in Ramsey, MN?
As of March 2026, the average 30-year fixed mortgage rate in Ramsey, Minnesota is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Ramsey?
Based on the median home price of $301,000 with 20% down, the estimated monthly mortgage payment in Ramsey is $1,565 for principal and interest. Including property taxes of $263/month, the total monthly housing cost is approximately $1,828.
What income do I need to buy a home in Ramsey?
Using the 28% rule, you would need an annual income of approximately $78,343 to afford the median-priced home in Ramsey at $301,000. The median household income in Ramsey is $73,900. This means most households would need to either earn above the median or consider homes below $301,000.
Is Ramsey a good place to buy a home in 2026?
Ramsey offers a below-average cost of living with a cost of living index of 94.1 (national average = 100). The property tax rate in Minnesota is 1.05%, which is near the national average. Ramsey has a population of 28,252 and offers a very affordable lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ramsey, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.