"At a Glance" Local Housing STATS and News 10/08/26

30-Year Fixed: 7.50% -0.09  |  15-Year Fixed: 7.17% -0.05

A real break on rates. Mortgage News Daily's 30-year fixed fell to 7.50% Thursday from 7.59%, its biggest one day drop in three months, and the 15-year eased to 7.17%. MND credits bond buyers who decided yields were finally high enough to own. Next week's inflation reports, due Wednesday and Thursday, are the next test.

What $100K rents here. Zillow says a household earning $100,000 can spend about $2,500 a month on rent. In Memphis that rents a four bedroom house of 2,119 square feet. In the San Francisco metro, which takes in Fremont, Hayward, Newark and Union City, it rents a 729 square foot one bedroom, and in San Jose's, home to Milpitas, 650 square feet. Only 5% of what that budget rents in either metro is a house.

What it means for you. At 7.50%, the five city median list price of $1,088,000 with 20% down runs about $6,086 a month in principal and interest: $54 less than at Wednesday's rate, $359 more than on Sept. 1, and well over twice that $2,500 rent budget. If you are close to a lock, today is a good day to call your lender. If you are selling, the 149 homes that have sat 60 days or longer are the reminder to price for today's payment.

Today's count. Board wide: 2,656 listings across the 15 city table, counting active and in contract together, with 151 coming soon and 193 brand new. The five city ledger carries 682 live listings across Fremont, Hayward, Milpitas, Newark and Union City, 611 on the market and 71 coming soon, down from 685.

Fremont holds 240 live listings: 197 active, 26 coming soon and 17 brand new, with a median on market list price of $1,286,500 at $797 a square foot and a typical listing out 31 days. Hayward carries 190, Milpitas 101, Newark 89 and Union City 62. Across all five cities the median is $1,088,000 at $676 a square foot, 285 homes are priced under a million, and 149 have been sitting 60 days or longer.

S&P 500: 7,765.36 -0.47%  |  Dow: 51,231.64 +0.10%  |  Nasdaq: 27,193.34 -1.25%

The AI trade stumbles. The Nasdaq fell 1.25% Thursday, its biggest one day loss since mid August, after CNBC confirmed OpenAI told investors it reached $50 billion in annualized revenue at the end of September, short of the $68 billion figure widely reported last month. CoreWeave fell more than 7% and Nvidia almost 3%. The S&P 500 slipped 0.47%, its second straight loss, while the Dow edged up 0.10%.

10-Year Treasury: 5.22% -0.06  |  Gold: $4,157.00 +0.39%  |  Silver: $59.42 -1.44%  |  Brent Crude: $100.20 -0.38%

Used car prices are cooling. Cox Automotive's Manheim index of wholesale used vehicle prices fell 1.1% in September to 205.9, down 4.4% from March's peak and 0.6% below a year ago, the first year over year drop of 2026. Cox now expects the index to end the year up only about 0.2%, down from the 2% it forecast in July.

The Fed is not done. Minutes of the September meeting say most officials thought another rate increase would likely be appropriate by year end. Oil did not help Thursday: Brent settled at $104.28, up about 4% (the card shows Wednesday's settle).

Bitcoin: $81,651 -1.86%  |  Ethereum: $2,478.84 -3.46%  |  XRP: $1.38 -2.71%

Below the floor. Bitcoin is down 1.86% over 24 hours near $81,700, Ether down 3.46% and XRP down 2.71%, live from CoinGecko at 3:11 PM PT. Thursday Bitcoin broke below $82,500, a floor that had held since late September, and touched about $80,300 on Coinbase, on a day of selling in AI stocks.