"At a Glance" Local Housing STATS and News 07/15/26

30-Year Fixed: 6.70%  |  15-Year Fixed: 6.20%

The 30-year fixed eased to 6.70% and the 15-year held at 6.20%, a touch lower on the week. Rates in this range keep the lock-in effect firmly in place, so most owners stay put and resale supply stays tight.

National: New York became the first state to pause data center buildouts for a year, after electricity prices there jumped nearly 68% since 2019. With tech giants planning about $500 billion in data center spending in 2026, the fight over who pays for the power (and how it shows up on home electric bills) is only getting started.

Local board: 2,738 active (down from 2,759), 186 new listings, 203 closed sales, one of the first days in a while with more homes going under contract than coming to market. Oakland again led the board with 55 new on 713 active; Fremont added 26 new on 327 active.

Fremont & Milpitas

• Fremont: 26 new / 327 active
• Milpitas: 6 new / 117 active

I-880 Corridor

• Hayward: 14 new / 262 active
• Newark: 7 new / 112 active
• San Leandro: 8 new / 89 active
• Union City: 5 new / 75 active
• San Lorenzo: 0 new / 17 active

Tri-Valley

• Livermore: 12 new / 212 active
• Dublin: 10 new / 191 active
• Pleasanton: 8 new / 149 active
• San Ramon: 10 new / 188 active

Oakland & Contra Costa

• Oakland: 55 new / 713 active (volume leader)
• Danville: 16 new / 184 active
• Castro Valley: 8 new / 92 active
• Sunol: 1 new / 10 active

S&P 500: 7,543 ▲ 0.38%  |  DOW: 52,508 ▲ 0.02%  |  NASDAQ: 26,107 ▲ 0.90%

Stocks ground higher, but the day belonged to one name. IBM (IBM -25.21%) had its worst day since 1987, tumbling about 25% after it missed quarterly earnings and warned results could get worse. Investors who had bet on its AI and chip business scaling up got the opposite message.

The big banks told a happier story. JPMorgan (JPM +2.50%) said AI has let it cut roughly 40% of roles in some departments, Bank of America (BAC +1.88%) posted $3.3 billion from its consumer division, and Goldman Sachs (GS +9.00%) rode record stock trading and announced a $10 billion bond sale.

US 10-Year: 4.59% ▼ 0.01%  |  Gold: $4,061 ▲ 0.1%  |  Silver: $58.45 ▼ 0.9%  |  Brent: $85.42 ▲ 2.55%

Inflation is back in the spotlight, and so is the Fed. New Chair Kevin Warsh told the House that the central bank will not back down on inflation, calling high prices a real burden on households. With a rate decision due later this month, a growing number of investors now expect at least one more hike in 2026. Headline CPI is running about 3.5%, still well above the Fed's 2% target and stubbornly sticky after the 2022 spike.

In the markets, the 10-year Treasury held at 4.59%. Gold held near $4,061 while silver eased 0.9% to about $58.45. Brent crude jumped 2.55% to $85.42 after President Trump dropped his proposed Strait of Hormuz toll but the blockade stayed in force. Foreign holdings of U.S. Treasuries also climbed to a near-record $9.37 trillion, which helps hold down U.S. borrowing costs.

BTC: $64,517 ▲ 3.62%  |  ETH: $1,874 ▲ 5.74%  |  XRP: $1.11 ▲ 4.11%

Crypto had a strong day, with Bitcoin up 3.62% to $64,517, Ether up 5.74% to $1,874, and XRP up 4.11% to $1.11. One theme was crypto muscling into betting: Blockchain.com teamed up with Polymarket to let users wager on World Cup matches, chasing a slice of a projected $10 billion betting frenzy. The quieter theme was silence, with Bitcoin mentions on X at their fewest since 2020 as retail steps back and institutions step in.

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.