Mortgage News Daily's 30 year fixed reached 7.60% on Wednesday, up 0.02 and the highest in almost three years, and the 15 year is 7.22%. The 10 year Treasury closed at 5.29%, its highest close since May 2002.
30 Year Fixed
7.60%
Wednesday's reading, Mortgage News Daily
Houses and townhomes buyable
63
53 active, 0 newly listed, 10 coming soon
Median asking
$1,298,000
homes on the market, 34 median days on market
Under contract
27
up from 24 on Wednesday
Three homes go under contract
Newark's buyable list of houses and townhomes fell by four to 63. Three homes went under contract, which took the under contract count to 27, and one listing left the market. No homes joined the list, and one seller lowered an asking price.
What 7.60% costs on a Newark home
On Newark's median asking price of $1,298,000 with 20% down, the loan is $1,038,400, inside the $1,249,125 high balance conforming limit for Alameda County. Principal and interest comes to $7,332 a month at 7.60%, against $6,832 at 6.89% on September 1. That is $500 more every month than at the start of September.
Homes are still going under contract at these rates, and a price cut or a seller credit is worth asking about. If you are looking, Harv Balu and Liliana Mayen will send you every home that fits your search.
Based on information from the Bay East Association of REALTORS® (Bay East MLS) as of 10/01/26. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Single family homes and townhomes in Newark, CA 94560.
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