Fenero Capital

Client Weekly

September 18, 2026 | A two minute read

Hi there,

Here is a simple weekly update on mortgage rates, housing, and one useful step for your homeownership plans.

Rate Snapshot

30 YEAR FIXED

6.95%

▲ 0.19% from last week

7/6 SOFR ARM

6.70%

▲ 0.08% from last week

Market averages as of September 17, 2026. Your rate may differ based on your full loan profile. Sources: Freddie Mac PMMS and Mortgage News Daily.

What It Means in Plain English

The Fed raised rates. Your mortgage does not move one for one.

The Federal Reserve increased its short term policy rate by 0.25 percentage point. That does not mean every mortgage rate automatically rose by the same amount. Mortgage pricing is influenced more directly by the bond market and expectations about inflation and future policy. The useful step is to review a real payment scenario based on today's market instead of relying on a rate prediction.

Buyers have more homes to consider

There were 1.62 million existing homes available nationally in August, equal to 4.9 months of supply. That is more inventory than buyers have seen in several years. Builders are also using incentives in many markets. More choice does not guarantee a bargain, but it may create room to discuss price, closing credits, repairs, or financing support.

Sources: Federal Reserve, National Association of Realtors, and NAHB.

Homeowner and Homebuyer Tip

Compare the complete monthly cost

Before deciding whether a home fits your budget, add principal and interest, property taxes, insurance, HOA dues, and a realistic maintenance allowance. Then evaluate any seller or builder credits separately. A lower purchase price, a credit toward closing costs, and a temporary rate buydown can affect your cash and monthly payment in different ways.

4.9 months

One Number to Remember

That is the current national supply of existing homes. More supply can mean more time to compare properties and, in some situations, greater negotiating flexibility.

Financing and Homeownership Planning

Build a payment plan before making a rate forecast

Start with the monthly payment and cash reserve you can comfortably manage today. Then compare a fixed loan, an adjustable rate option, and any available seller or builder credit. Choose a structure that works without depending on a future refinance. If rates improve later, refinancing can be evaluated at that time.

If you want to review a purchase, refinance, renovation, or long term homeownership goal, reply with the question on your mind. I am always happy to help you think through the numbers without pressure.

Reimund Maks

Mortgage Broker | Fenero Capital, Inc.

A: 1475 N Broadway, Suite 330, Walnut Creek, CA 94596

M: 925.389.9149

E: rei.maks@fenerocap.com W: www.fenerocapital.com

NMLS#: 765098 DRE#: 02089250

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