Rates climbed for a second straight day. Mortgage News Daily has the 30 year at 7.37%, up 0.11, and the 15 year at 7.00%, up 0.13, both new 52 week highs. The 10 year Treasury closed Wednesday at 5.11%, its highest close since July 2007, and mortgage rates follow it within hours.
30 Year Fixed
7.37%
up 0.11, a new 52 week high, Mortgage News Daily
Houses and townhomes buyable
66
55 active, 1 newly listed, 9 coming soon, 1 back on market
Median asking
$1,299,000
unchanged, 28 median days on market
Under contract
26
down from 28 yesterday
Three homes leave, none arrive
Newark's buyable list of houses and townhomes fell to 66 from 69. Three homes left and nothing new came on the list. No prices changed on the homes that remain.
Under contract also slipped, to 26 from 28, so today's drop is not simply homes going into escrow. The daily export does not say why a listing leaves, so we will watch whether these come back. One home also aged out of the newly listed group and is now simply active.
One home carries the newly listed flag today, and nine are marked coming soon.
What 7.37% costs on a Newark home
On Newark's median asking price of $1,299,000 with 20% down, the loan is $1,039,200, still inside the $1,249,125 high balance conforming limit for Alameda County. Principal and interest comes to $7,174 a month at today's 7.37%, against $6,224 at 5.99%, the 52 week low. That is $950 more every month for the same home.
If you are shopping now, get a written quote this week and compare the 30 year FHA at 6.98% and a 7/6 adjustable at 6.80% against the fixed rate. Harv and Liliana are glad to run those numbers for your budget and send you the full list of homes that fit your search.
Based on information from the Bay East Association of REALTORS® (Bay East MLS) as of 09/24/26. 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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