10/31/2026
🎃 Mortgage Rates Hit One-Month Lows! A Halloween Treat for Homeowners?
We have some encouraging mortgage news heading into Halloween weekend!
Mortgage rates ended the week at their lowest levels since September 23. But here's the interesting part: It wasn't because the Federal Reserve lowered rates.
Instead, concerns about the technology sector pushed investors toward bonds, helping mortgage rates move lower.
Meanwhile, our local housing markets are telling another interesting story.
🏡 Marin County: Still a strong seller's market, but 34% of active single-family listings have experienced price reductions.
🏡 Novato: Sellers still have a slight advantage, although 50% of currently listed single-family homes have had their asking prices reduced.
🏡 Sonoma County: The market is showing signs of cooling, with 40% of active single-family listings experiencing price reductions.
💡 What does this mean for homeowners?
Lower mortgage rates are encouraging, but they don't automatically mean higher home prices.
Local inventory, buyer demand, and realistic pricing all play a role.
Whether you're considering refinancing, selling, or buying your next home, understanding these changes can help you make informed decisions.
📖 Read our latest Friday Market Update for the full story on mortgage rates, inflation, and what's happening in Marin and Sonoma counties.
https://westcalfinancial.com/blog/f/mortgage-rates-hit-one-month-lows-as-local-housing-markets-cool
Happy Halloween weekend! 🎃
Brandon & the West Cal Financial Team
