Mortgage News Daily's 30 year fixed reached 7.58% on Tuesday, up 0.08 and the highest since November 2023, and the 15 year is 7.20%. The 10 year Treasury closed at 5.26%, matching its June 2007 peak.
30 Year Fixed
7.58%
Tuesday's reading, Mortgage News Daily
Houses and townhomes buyable
67
56 active, 1 newly listed, 10 coming soon
Median asking
$1,298,000
homes on the market, 31 median days on market
Under contract
24
down from 25 on Tuesday
The list edges up to 67
Newark's buyable list of houses and townhomes rose by one to 67. No homes joined the list and none left it; one home returned to active status after a price change. One home came out of contract, which took the under contract count to 24, and one seller lowered an asking price.
What 7.58% 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 $7,318 a month at 7.58%, against $6,832 at 6.89% on September 1. That is $486 more every month than at the start of the month.
With payments this much higher, 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 09/30/26. 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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