Mortgage rates fell for a fourth straight week, and the Dow gained more than 1,000 points. By Friday, however, the 10-year Treasury yield had climbed above 5%, putting renewed pressure on borrowing costs. For buyers and sellers in Westlake Village, Thousand Oaks, Agoura Hills, and Los Angeles, the impact depends on the monthly payment and how many comparable homes are on the market. apnews.com
Stocks, bonds, and mortgage rates
The Dow Jones Industrial Average gained 2.1% for the week and closed Friday at 52,347.55. The S&P 500 rose 2.5%, and the Nasdaq gained 2.3%, even as technology shares pulled back Friday. In the bond market, the 10-year Treasury yield rose from 4.86% on November 6 to 5.15% on November 13. Rising Treasury yields can put upward pressure on mortgage rates. apnews.com
Freddie Mac’s Thursday survey put the 30-year fixed mortgage at 7.11%, down from 7.18% the week before. The 15-year fixed averaged 6.45%. On an $800,000 loan, that 30-year rate decline saves about $38 per month in principal and interest. At 7.11%, the payment is still about $5,382 per month before taxes, insurance, and any HOA dues. The mortgage survey and Friday’s Treasury close capture different points in the week, so buyers should use a current lender quote to set their budget. freddiemac.gcs-web.com
Inflation, jobs, and world events
Consumer prices rose 0.4% in October, following a 0.6% increase in September. Core inflation, which excludes food and energy, rose 0.3%. Producer prices rose 6.5% from a year earlier, the largest annual increase since November 2022. Meanwhile, employers added 165,000 jobs in October, and unemployment held near 4.1%. Steady hiring can support housing demand, while persistent inflation gives the Federal Reserve less reason to ease policy. 2026 M10 Results
The White House said the leaders of the United States, China, and Russia planned to meet at next week’s APEC summit in Shenzhen. The war with Iran also remains a factor for energy markets. Trade developments and oil-price swings can affect inflation expectations and bond yields, while higher energy costs can leave buyers with less room in their monthly budgets. apnews.com
What this means for local real estate
Nationally, October existing-home sales fell 5.5% from September and 8.8% from a year earlier. The national median sale price edged up 0.4% year over year to $416,700. Across our local markets, October listing data shows where buyers have more choices and where sellers face more competition. nar.realtor
Market | October median asking price | Median days on market | What it means locally |
|---|---|---|---|
Westlake Village | $1,619,750 | 49 | Active listings were down 8.2% from a year earlier. Buyers targeting a specific neighborhood may have fewer alternatives, even with financing costs still elevated. Realtor.com® |
Thousand Oaks | $1,080,500 | 50 | Active listings rose 5.9% year over year. Buyers have more homes to compare, and sellers should price against the homes buyers can tour today. Realtor.com® |
Agoura Hills | $1,402,500 | 56 | Median time on market was 16.7% longer than a year earlier. On listings that have been sitting, buyers may have room to negotiate a closing-cost credit or price adjustment. Realtor.com® |
Los Angeles | $1,102,500 | 59 | The citywide median asking price was down 11.6% year over year. Recent sales of similar homes in the same neighborhood are a better guide for setting a price or making an offer. Realtor.com® |
Thinking about buying or selling? I’ll help you compare neighborhoods, see what fits your monthly budget, or build a pricing and marketing plan based on recent sales and the homes competing with yours. Let’s talk about your next move at ListWithTina.com.
Tina Marie Lucarelli
Luxury Realtor | Luke Real Estate with Beverly & Company
