Mortgage News Daily's 30 year fixed fell to 7.50% on Thursday from Wednesday's 7.59%, its biggest one day drop in three months, and the 15 year eased to 7.17%. The 10 year Treasury closed at 5.22%, down from 5.28%, as investors decided bond yields were high enough to buy.
30 Year Fixed
7.50%
Thursday's reading, Mortgage News Daily
Houses and townhomes buyable
62
52 active, 1 newly listed, 9 coming soon
Median asking
$1,298,000
homes on the market, 31 median days on market
Under contract
24
down two from Wednesday
Two price cuts and a quiet day for contracts
From Wednesday to Thursday, one house or townhome was newly listed in Newark and one coming soon home went live on the market, while one active listing came off the market. Two sellers cut their asking prices. No new contracts were written, and two homes left the in contract list, typically because they closed, so that count fell to 24. The buyable list held at 62.
What it costs at 7.50%
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 $7,261 a month at 7.50%, about $64 less than at Wednesday's rate.
A day like this is a good time to talk to a lender about a lock. 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 10/08/26. 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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