"At a Glance" Local Housing STATS and News 06/22/26

30-Year Fixed: 6.58%  |  15-Year Fixed: 6.15%

The 30-year fixed eased to 6.58% and the 15-year to 6.15% — a touch of relief, though still roughly double the rate most homeowners are sitting on. And that gap is the whole story right now.

Homeowners pulled $47 billion in equity in Q1 — the biggest first-quarter haul since 2021 — rather than refinance into today’s far higher rates. Around 20% still hold a mortgage near 3% (see the chart below), and those locked-in low rates are a big reason so few homes come to market. The squeeze is generational: the U.S. is short about 4 million homes, roughly 25 million adults under 35 have paused the search to live with parents, and the typical first-time buyer is now 40 years old.

Local board: 2,956 active (up 59 from the June 18th report), 229 new listings, 210 closed sales. New supply ticked up coming out of the long weekend while buyers kept closing at a steady pace.

Fremont & Milpitas

• Fremont: 16 new / 360 active
• Milpitas: 7 new / 118 active

I-880 Corridor

• Hayward: 12 new / 267 active
• Newark: 11 new / 123 active
• San Leandro: 9 new / 101 active
• Union City: 6 new / 89 active
• San Lorenzo: 1 new / 25 active

Tri-Valley

• Livermore: 28 new / 229 active
• San Ramon: 18 new / 211 active
• Pleasanton: 17 new / 155 active
• Dublin: 16 new / 212 active

Oakland & Contra Costa

• Oakland: 56 new / 781 active (volume leader)
• Danville: 20 new / 193 active
• Castro Valley: 12 new / 85 active
• Sunol: 0 new / 7 active

S&P 500: 7,500  |  DOW: 51,564  |  NASDAQ: 26,517

Markets reopened after the long holiday weekend on a firm note — the S&P 500 up 1.08%, the NASDAQ 1.91%, and the DOW barely positive at +0.14% (figures as of the June 18th close). SpaceX (SPCX -3.65%) wrapped a wild first week as a public company, briefly leapfrogging Amazon (AMZN +2.90%) to become the world’s 5th most valuable company before settling into 6th — and it now says it wants to help build AI data centers in space.

AMD (AMD +4.86%) pushed deeper into enterprise AI with a deal to fill Rackspace’s data centers with its chips through 2028; Rackspace, which manages the cloud for Amazon, Microsoft, and Google, has nearly quadrupled this year on the news. The week ahead: Micron (MU) reports earnings Wednesday and the University of Michigan consumer survey lands Friday.

US 10-Year: 4.48%  |  Gold: $4,227  |  Silver: $66.43  |  Brent Crude: $78.96

Oil is back in focus: Iran again moved to close the Strait of Hormuz — a chokepoint for a large share of the world’s oil — just as its first talks with the U.S. opened in Switzerland. Traffic slowed to a single small tanker, yet crude actually fell on the week on hopes for a deal, with Brent easing to $78.96. The 10-year Treasury held at 4.48%; gold eased to $4,227 (-0.44%) while silver firmed to about $66.43 (+2.36%).

Two data points underscore a stretched consumer. Household debt hit a record $19.9 trillion last quarter even as the savings rate slipped to 2.6% — near a 65-year low. At the same time, May retail sales jumped 0.9% (nearly double expectations) to $763.7B, with a third of the gain coming from gas stations, up 26.5% from a year ago. Solid spending only strengthens the Fed’s case to keep rates higher for longer.

BTC: $64,208  |  ETH: $1,688  |  XRP: $1.14

Crypto firmed across the board, with Bitcoin up 1.54% to $64,208, Ether at $1,688 (+2.64%), and XRP at $1.14 (+1.44%). Franklin Templeton — which manages $1.7 trillion — filed two funds that hold mostly U.S. stocks but funnel the dividends into Bitcoin every few months; when a manager that size leans in, the market tends to notice. Separately, AI tools can now audit a smart contract in an hour or two for a small fraction of the old six-figure cost, putting professional audits within reach of small projects.

Disclaimer: The market data, rates, and information provided are for informational purposes only and should not be considered financial advice. Always verify rates and data with your lender or financial advisor before making any decisions.