Mortgage Rates Are Climbing This Spring - What Bay Area Buyers & Sellers Need to Know
The 30-year fixed mortgage rate just climbed to 6.22%, up from 5.98% at the end of February. That's a meaningful jump — and it's happening right as the spring buying season kicks into gear. Read the Full Article →
For Bay Area buyers and sellers in Fremont, San Jose, Milpitas, Newark, Hayward, Union City, Sunnyvale, and Santa Clara, every fraction of a percent matters. Here's what you need to know:
- Rates are up but still lower than last year — If 6.67% worked for you last spring, 6.22% is an improvement.
- Treasury yields and inflation concerns are pushing rates higher. The Fed held steady at its March 18 meeting.
- Buyer activity is picking up — Pending home sales rose 1.8% in February.
- A rate increase on a $1.2M home (20% down) means roughly $150 more per month.
The full article covers what's driving the increase, what it means for buyers and sellers, the Fed's outlook, and four things you should do right now.
Published March 20, 2026 | By Harv Balu, REALTOR® | Realty Experts, Fremont