Mortgage News Daily's 30 year fixed rose to 7.50% on Monday, up 0.07 and the highest since April 2024, and the 15 year reached 7.12%. The 10 year Treasury closed at 5.24%, its highest close since June 2007.
30 Year Fixed
7.50%
Monday's reading, Mortgage News Daily
Houses and townhomes buyable
66
55 active, 1 newly listed, 10 coming soon
Median asking
$1,299,000
homes on the market, 32 median days on market
Under contract
25
down from 27 on Monday
One home in, three out
Newark's buyable list of houses and townhomes held at 66. One home joined as coming soon and one active listing left the list. Two houses that were under contract also came off the list, which is what usually happens when a sale closes, so the under contract count slipped to 25. No sellers changed their prices.
What 7.50% costs on a Newark home
On Newark's median asking price of $1,299,000 with 20% down, the loan is $1,039,200, inside the $1,249,125 high balance conforming limit for Alameda County. Principal and interest comes to $7,266 a month at 7.50%, against $6,837 at 6.89% on September 1. That is $429 more every month than at the start of the month.
Fewer investors shopping can mean less competition for the same homes. If you are looking, Harv and Liliana will send you every home that fits your search.
Based on information from the Bay East Association of REALTORS® (Bay East MLS) as of 09/29/26. 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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