What moved in real estate, Sep 28–Oct 4, 2026

Rates: 7.28%, and it keeps moving against buyers. Freddie Mac's weekly survey put the 30-year fixed at 7.28% on Thursday, up from 7.03% the week before and 6.34% a year ago. The 15-year rose to 6.60%. On a $350,000 loan, that's about $2,395 a month in principal and interest, roughly $60 more than a week earlier. Daily trackers were already higher, with Optimal Blue at 7.37% on October 1. Friday's jobs report came in soft, 29,000 jobs and 4.2% unemployment, and the 10-year Treasury still closed higher at 5.28%, which suggests the bond market is more worried about inflation than slowing hiring. September CPI comes out October 14. If you're under contract, get a lock plan set with your lender before then.

Price cuts hit their highest September share since 2018. Realtor.com says 20.8% of active listings had a price cut in September. Active inventory is up 5.4% from a year ago, to about 1.16 million homes, while homes under contract are down 4.1%. HousingWire's weekly data showed new pending sales down 4.8% from the prior week and 9% from a year ago. One week isn't a trend, but it's the first real dip in demand this year that wasn't tied to a holiday. The national median list price is $419,250, down 1.4%. The Midwest is holding up best, with flat list prices.

Prices are still rising, just slowly. The Case-Shiller national index showed prices up 1.9% year over year in July, up from 1.6% in June. After inflation, that's 14 straight months of decline. So no, prices aren't crashing. Real gains are flat to negative, which is a very different story.

Locally, Indy has a lot more to choose from. Realtor.com's data for the Indianapolis metro shows active listings up 19.9% from a year ago and the median list price at $310,000, down 4.1%. Price per square foot is up 4.7%, among the biggest gains of the 50 largest metros. That mix usually means more smaller and lower-priced homes are coming on the market, not that values are falling. Price-reduced listings are 30.5% of the market. MIBOR hasn't published anything new this week, so its latest official read is still August: median price $327,250, up 2.6% year over year, and a median of 23 days to contract. September's numbers should land around October 9.