Southern California Market Pulse: LA, OC & Riverside July 2026, Other Counties June 2026
Breaking: September 10 to 16, 2026
Fed Hikes Rates 25 Basis Points, First Increase Since July 2023
The Federal Reserve raised its benchmark rate 25 basis points to a target range of 3.75% to 4% on a unanimous 12 to 0 vote. Chairman Kevin Warsh cited persistent inflation, particularly energy prices, and said the Fed will act to prevent price shocks from broadening into the wider economy. Updated projections show 16 of 18 officials expect another hike is possible before year end.
10-Year Treasury Tops 5% Following Fed Decision
The 10 year Treasury crossed the 5% threshold today as markets absorbed the Fed's hike and Chairman Warsh's continued inflation warnings. It is the latest leg of a climb that began after Warsh's hawkish Jackson Hole remarks in late August, when the yield sat near 4.66%.
PMMS Rises to 6.76%, Third Straight Weekly Increase
Freddie Mac's weekly survey, taken before today's Fed decision, already showed PMMS climbing to 6.76% for the week ending September 10, its third consecutive weekly rise. Some daily rate trackers showed a further jump following today's announcement; these figures vary by source and methodology and can diverge meaningfully from Freddie Mac's official weekly survey.
Buyer, Seller & Investor Take
This Is the New Baseline, Not a Blip
A confirmed Fed hike, a 10 year Treasury above 5%, and three straight weeks of rising PMMS is not noise, it is a genuine reset in the rate environment. If you were waiting for rates to fall before moving, that thesis needs revisiting given the Fed's own signal that another hike is possible before year end. Structure and loan program now matter more than timing the bottom.
Get Pre-Qualified Today →Financing Costs Just Moved Higher for Real
A confirmed rate hike changes buyer psychology differently than rate speculation did. Expect longer decision cycles and more financing contingencies in offers. County fundamentals still matter, LA down 2.6% year over year, OC up 5.4%, Riverside up 3%, but overlay all of it with a higher cost of capital than buyers faced even a month ago.
See Your Home's Value →Today's Hike Changes DSCR Math Across the Board
A confirmed 25 basis point hike plus a 10 year Treasury above 5% means every DSCR and bridge structure priced even two weeks ago needs a fresh look. Riverside's confirmed 3% year over year gain to $649,000 remains a solid Inland Empire data point; San Bernardino stays on June's $508,080 pending a reliable July figure. With another possible hike signaled before year end, lock in structure sooner rather than later.
Run Your DSCR Numbers →Talk It Through With Troy's Advisor, Right Now
Chat With Troy's Advisor →Market Calendar
Today's Fed decision resets the calendar. The next FOMC meeting is October 27 to 28, and the Fed's own dot plot signals another hike is possible before year end. Watch for the September jobs report in early October and continued movement in daily mortgage rate trackers as lenders reprice off today's decision. Updated July C.A.R. figures for San Diego, Ventura, and San Bernardino counties remain outstanding.
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