The typical homeowner is paying about $2,235/month for principal and interest. High interest rates and steady home prices are keeping costs elevated.
Fed Chair Jerome Powell hinted at rate cuts coming soon. Lower rates would ease payments and could boost the housing market. Buyers who purchase now may benefit twice: securing a home before prices rise and refinancing later at lower rates.
Mortgage rates recently dipped to about 6.35% after being higher in July and August. This drop reflects optimism that the Fed will begin cutting rates, with more decreases likely ahead.
Housing inventory is still elevated compared to last year. But if rates keep falling, more buyers may step in, reducing supply and potentially driving prices upward again.
LOCAL LOWDOWN
SILICON VALLEY
NORTH BAY & EAST BAY
Stay up to date on the latest real estate trends.
September 17, 2026
September 15, 2026
September 10, 2026
September 3, 2026
August 27, 2026
August 26, 2026
Prices Ease, Inventory Tightens, and the Bay Area Stays Competitive
August 21, 2026
August 20, 2026
August 18, 2026
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