Commercial interest rates are calculated using commercial financing rates published on realtyrates.com. Commercial rates are used for Commercial and Industrial properties.
YEAR |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
---|
January |
3.97 |
4.70 |
4.03 |
4.8975 |
5.94 |
5.3425 |
5.9375 |
4.7875 |
4.21 |
4.7075 |
February |
3.97 |
4.70 |
4.03 |
4.8975 |
5.54 |
5.3425 |
5.9375 |
4.7875 |
4.21 |
4.7075 |
March |
3.97 |
4.70 |
4.03 |
4.8975 |
5.54 |
5.3425 |
5.9375 |
4.7875 |
4.21 |
4.7075 |
April |
3.88 |
4.70 |
4.03 |
4.8975 |
5.36 |
5.7375 |
5.4975 |
4.6025 |
4.51 |
5.015 |
May |
3.88 |
4.70 |
4.03 |
4.8975 |
5.36 |
5.7375 |
5.4975 |
4.6025 |
4.51 |
5.015 |
June |
4.68 |
4.70 |
4.03 |
4.8975 |
5.36 |
5.7375 |
5.4975 |
4.6025 |
4.51 |
5.015 |
July |
4.70 |
4.70 |
4.03 |
4.9225 |
5.2775 |
5.80 |
5.1425 |
3.225 |
4.835 |
|
August |
4.70 |
4.70 |
4.03 |
4.9225 |
5.2775 |
5.80 |
5.1425 |
3.225 |
4.835 |
|
September |
4.70 |
4.08 |
4.03 |
4.9225 |
5.2775 |
5.80 |
5.1425 |
3.225 |
4.835 |
|
October |
4.70 |
4.08 |
4.03 |
4.81 |
5.20 |
5.7125 |
4.86 |
3.3175 |
4.535 |
|
November |
4.70 |
4.08 |
4.03 |
4.81 |
5.20 |
5.7125 |
4.86 |
3.3175 |
4,535 |
|
December |
4.70 |
4.03 |
4.03 |
4.81 |
5.20 |
5.7125 |
4.86 |
3.3175 |
4.535 |
|
Prior to 2016, the Minnesota Department of Revenue used interest rates from the Grandbridge Real Estate Capital Closing Thoughts on Real Estate Finance newsletter and Crittendon interest rates for Commercial and Apartment Sales over $750,000.
* Monthly numbers are department estimates.
* Estimates are made when published interest rates are unavailable.