"At a Glance" Local Housing STATS and News 09/24/26

30-Year Fixed: 7.37% +0.11  |  15-Year Fixed: 7.00% +0.13

Rates climbed again, to new 52 week highs. Mortgage News Daily has the 30-year at 7.37% as of today, up 0.11, and the 15-year at 7.00%, up 0.13. That tops yesterday's highs, and it is the second straight day of a move this size.

The 10-Year is at its highest since 2007. It closed Wednesday at 5.11%, up 0.15 in one session and 114 basis points above February's 3.97% low. It was at 5.16% late Thursday morning, so the pressure on mortgage pricing has not eased.

What it costs on a Fremont home. At today's Fremont median on market list price of $1,238,944, with 20% down, the loan is $991,155, still high balance conforming here, not jumbo. Principal and interest runs $6,842 a month at 7.37%, against $5,936 at 5.99%, the 52 week low. That is $906 more every month for the same house.

Today's count. Board wide: 2,740 listings across the 15 city table, counting active and in contract together, with 192 coming soon and 179 brand new. The five city ledger carries 707 live listings across Fremont, Hayward, Milpitas, Newark and Union City, 615 on the market and 92 coming soon.

Fremont holds 256 live listings, 204 active, 40 coming soon and 12 brand new, with a median on market list price of $1,238,944 at $798 a square foot and a typical listing out 29 days. Hayward carries 184, Milpitas 114, Newark 86 and Union City 67. Across all five cities the median is $1,098,000 at $680 a square foot, 278 homes are priced under a million, and 166 have been sitting 60 days or longer, down from 171 yesterday.

What it means for you. Supply edged up to 707 and the homes past 60 days shrank, so listings are still moving even as rates rise. Buyers: get a written quote this week and compare the 30-year FHA at 6.98% and a 7/6 ARM at 6.80% against the 7.37% fixed, because the gap now buys real payment room. Sellers: the same house costs a buyer about $900 more a month than it did at the 52 week low, so price to this week's rate, not to spring's.

S&P 500: 7,706.03 -0.75%  |  Dow: 51,511.59 -0.68%  |  Nasdaq: 26,936.04 -1.13%

A rate day on Wall Street. The jump in the 10-Year pulled all three indexes lower Wednesday, the Nasdaq down 1.13% and the S&P off 0.75%. McDonald's fell 4.81% after saying the fast food slowdown is sticking, with U.S. sales at existing stores up just 0.8% last quarter and beef costs part of the squeeze.

Thursday is holding steady so far. At 11:49 AM PT the S&P was flat at 7,705.96, the Dow down 0.29% and the Nasdaq down 0.01%.

10-Year Treasury: 5.11% +0.15  |  Gold: $4,318.40 -1.33%  |  Silver: $64.96 -2.35%  |  Brent Crude: $103.08 +3.86%

Beef hit a record. The Bureau of Labor Statistics has 100% ground beef at $6.92 a pound this August, up 55% from $4.47 in August 2021. In the West, the closest region it publishes to us, it is $7.44, up 53%. That is steep, but it is not the doubling some headlines claim.

Gold settled down 1.33% at $4,318.40 and silver down 2.35% at $64.96 as yields rose. Brent went the other way, settling at $103.08, up 3.86%.

Bitcoin: $84,377 +0.13%  |  Ethereum: $2,687.06 +0.84%  |  XRP: $1.53 +2.52%

A quiet bounce. Bitcoin is at $84,377, up 0.13% over 24 hours, Ether is up 0.84% and XRP leads at 2.52% higher. Bitcoin is still about $2,000 below Monday's close, before the jump in yields sent the riskiest assets lower. These are live from CoinGecko at 11:49 AM PT.