Alameda County Real Estate Interactive Inventory

30-Year Fixed: 6.65%  |  15-Year Fixed: 6.20%

The 30-year fixed slipped to 6.65% and the 15-year to 6.20%, a touch lower on the week. Even so, rates in this range keep the lock-in effect firmly in place, so most owners stay put and resale supply stays tight.

National: Home prices set another record. The national median existing-home price hit an all-time high of $440,600 in June, up 1.8% from a year ago and the 36th straight month of annual gains. At the same time, sales slipped 2.4% from May, as high mortgage rates and thin supply keep squeezing affordability. Fewer sales at higher prices is a supply story, not a demand boom.

Local board: 2,811 active (up from 2,777 yesterday), 245 new listings, 181 closed sales. Oakland led the board by a wide margin with 58 new on 726 active; Fremont added 26 new on 338 active.

Fremont & Milpitas

• Fremont: 26 new / 338 active
• Milpitas: 3 new / 117 active

I-880 Corridor

• Hayward: 21 new / 270 active
• Newark: 12 new / 118 active
• San Leandro: 10 new / 88 active
• Union City: 4 new / 74 active
• San Lorenzo: 0 new / 19 active

Tri-Valley

• Livermore: 26 new / 215 active
• Dublin: 20 new / 198 active
• Pleasanton: 17 new / 160 active
• San Ramon: 8 new / 196 active

Oakland & Contra Costa

• Oakland: 58 new / 726 active (volume leader)
• Danville: 29 new / 189 active
• Castro Valley: 11 new / 94 active
• Sunol: 0 new / 9 active

S&P 500: 7,543 ▲ 0.81%  |  DOW: 52,487 ▲ 0.27%  |  NASDAQ: 26,206 ▲ 1.30%

Stocks powered higher across the board, led by tech. The NASDAQ jumped 1.30% to 26,206, the S&P 500 added 0.81% to 7,543, and the DOW rose 0.27% to 52,487, as the AI trade found another gear. Meta (META +4.70%) lit the fuse, charging developers for its AI for the first time but at roughly a quarter of what rivals charge, an aggressive play for market share. It also plans a custom chip built with Broadcom (AVGO +3.20%) later this year.

Micron (MU +4.52%) added to the momentum, spiking more than 9% at one point after unveiling plans to spend $250 billion on U.S. plants through 2035. The AI boom is eating memory chips faster than factories can make them, and more of that production is now heading onshore.

US 10-Year: 4.55% ▼ 0.01%  |  Gold: $4,134 ▲ 1.28%  |  Silver: $60.30 ▲ 0.62%  |  Brent: $76.02 ▼ 2.56%

Change may be coming to the Fed. New Chair Kevin Warsh has assembled five task forces to rethink how the central bank operates, from its inflation target to how it communicates. If those panels recommend changes, shifts in mortgage and savings rates could arrive sooner than expected. The car may change too: regulators are weighing whether to let driverless vehicles drop the steering wheel entirely, and Tesla (TSLA +3.20%) is already building its no-wheel Cybercab.

In the markets, the 10-year Treasury held steady at 4.55%, while gold climbed 1.28% to $4,134 and silver firmed to about $60.30. Brent crude slipped 2.56% to $76.02, easing back even as Iran rushed 11 million barrels onto tankers ahead of a possible U.S. blockade.

BTC: $63,263 ▲ 1.65%  |  ETH: $1,748 ▲ 0.38%  |  XRP: $1.10 ▲ 0.70%

Crypto edged higher, with Bitcoin up 1.65% to $63,263, Ether up 0.38% to $1,748, and XRP up 0.70% to $1.10. The theme of the day was tokenizing the real world: one startup wants to let anyone own a barrel of oil through a digital token, with a goal of round-the-clock trading. Not everyone is convinced, though. Singapore's state investment giant is swearing off crypto after losing $275 million in the FTX collapse, and now plans to grow its AI holdings to 15% of its portfolio by 2031.

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.