"At a Glance" Local Housing STATS and News 07/02/26

30-Year Fixed: 6.65%  |  15-Year Fixed: 6.19%

The 30-year fixed ticked up to 6.65% and the 15-year to 6.19%. Rates drifting higher keeps the lock-in effect firmly in place, so owners stay put and resale supply stays tight.

National: Luxury agents are dressing for success and then some, with one reportedly spending over $100,000 on clothes last year to court the wave of newly minted millionaires from this year's IPO boom. Capital is moving too: billionaire Peter Thiel signed the most expensive office lease in Miami history, part of a broader migration of tech founders fleeing California's proposed wealth tax that could push Florida prices and rents higher.

Local board: 2,794 active (down 11 from yesterday), 143 new listings, 212 closed sales. Oakland again led with 30 new on 741 active; Fremont added 18 new on 335 active.

Fremont & Milpitas

• Fremont: 18 new / 335 active (down 4)
• Milpitas: 0 new / 108 active (down 3)

I-880 Corridor

• Hayward: 17 new / 264 active (down 3)
• Newark: 6 new / 119 active (flat)
• San Leandro: 5 new / 90 active (up 1)
• Union City: 4 new / 78 active (flat)
• San Lorenzo: 4 new / 22 active (flat)

Tri-Valley

• San Ramon: 13 new / 204 active (flat)
• Livermore: 11 new / 213 active (up 1)
• Dublin: 9 new / 189 active (down 1)
• Pleasanton: 6 new / 152 active (up 1)

Oakland & Contra Costa

• Oakland: 30 new / 741 active (volume leader)
• Danville: 11 new / 185 active (up 2)
• Castro Valley: 9 new / 87 active (down 2)
• Sunol: 0 new / 7 active (flat)

S&P 500: 7,483  |  DOW: 52,305  |  NASDAQ: 26,040

Stocks slipped to open the third quarter, with the S&P 500 off 0.22% to 7,483, the NASDAQ down 0.66% to 26,040, and the DOW roughly flat at 52,305. The chip rally hit a wall: Micron (MU -10.57%) and Sandisk (SNDK -10.62%) tumbled after a report that Meta (META +8.81%) may rent out unused AI capacity, raising worries that processing supply is catching up to demand. Meta is launching a cloud business to sell that spare compute. A blast from the past also went public: Bending Spoons (BSP +39.66%), owner of AOL, Vimeo, and Eventbrite, IPO'd and raised $1.68 billion.

US 10-Year: 4.48%  |  Gold: $4,112  |  Silver: $61.38  |  Brent: $70.92

Metals jumped. Gold rose about 2.01% to $4,112 and silver surged 3.88% to $61.38 as a weak jobs report cooled bets that the Fed will hike, while the 10-year Treasury yield held at 4.48% and Brent crude eased 0.91% to $70.92.

Hiring slowed. Companies added just 98,000 private jobs in June according to ADP, short of the 110,000 estimate, as businesses stay cautious with the Fed holding rates high. Fed Chair Kevin Warsh said inflation is still too high but would not signal where rates go next, and CME data shows nearly half of Wall Street now expects at least one rate hike by the fall.

BTC: $60,133  |  ETH: $1,616  |  XRP: $1.06

Crypto firmed up, with Bitcoin up 0.28% to $60,133 and back above $60,000, Ether up 0.53% to $1,616, and XRP up 0.46% to $1.06. Coinbase (COIN +8.93%) teamed up with Visa and Mastercard to launch a new U.S.-backed stablecoin, Open USD, already backed by 140 companies including Google and BlackRock. Federal filings also show President Trump earned over $1 billion from crypto in 2025, most of it tied to World Liberty Financial.

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.