Fenero Capital

Client Weekly

September 25, 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

7.03%

▲ 0.08% from last week

7/6 SOFR ARM

6.70%

↔ 0.00% from last week

Market averages as of September 24, 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 weekly 30 year average moved above 7%

Freddie Mac reported a 7.03% average for the 30 year fixed mortgage, up from 6.95% last week. The 7/6 SOFR ARM average tracked here was 6.70%, unchanged from last Thursday. These are broad market averages, not a personal rate quote. Your actual options depend on credit, down payment, property type, loan amount, and the full application.

New-home buyers may have room to compare incentives

New single-family home sales increased 6.4% in August, while 483,000 new homes remained available nationally. That equals 8.5 months of supply at the current sales pace. More supply does not guarantee a discount, but it can create opportunities to compare price reductions, closing credits, upgrades, and financing incentives.

Sources: Freddie Mac, Mortgage News Daily, and U.S. Census Bureau.

Homeowner and Homebuyer Tip

Ask for a three-column cost comparison

Compare a resale home, a new home with a builder incentive, and an alternative loan structure in three columns. For each option, show cash needed at closing, estimated monthly housing payment, and the cost over the period you expect to own the home. This makes incentives easier to evaluate without assuming that the largest advertised credit is automatically the best value.

8.5 months

One Number to Remember

That is the current national supply of new homes. A market with more available new construction may give buyers additional choices and, in some cases, more negotiating flexibility.

Financing and Homeownership Planning

Protect your cash reserves

It can be tempting to use every available dollar to reduce the rate or increase the down payment. Before doing that, set aside a realistic emergency fund and a reserve for moving, repairs, and ownership costs. Then compare how each financing option affects both the monthly payment and the cash you keep after closing.

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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