Mortgage News Daily's 30 year fixed eased to 7.56% on Tuesday from Monday's 7.61%, and the 15 year to 7.22%. The 10 year Treasury closed Tuesday at 5.27%, but it touched 5.35% this morning, its highest level since April 2002 according to CNBC, so the breather may be short.
30 Year Fixed
7.56%
Tuesday's reading, Mortgage News Daily
Houses and townhomes buyable
62
51 active, 1 newly listed, 10 coming soon
Median asking
$1,298,000
homes on the market, 36 median days on market
Under contract
26
up one from Tuesday
Two price cuts and one new contract
From Tuesday to Wednesday, one home joined Newark's buyable list of houses and townhomes as coming soon, while one active listing and one coming soon home came off the market. One active listing went under contract, raising that count to 26, and two sellers cut their asking prices. The list now stands at 62.
What it costs at 7.56%
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, and principal and interest comes to $7,303 a month at 7.56%, about $36 less than at Monday's rate.
Price cuts are showing up, and a prepared buyer can ask for more. 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 10/07/26. 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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