Silicon Valley Living

Oct 1

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Welcome to the October edition of Living Silicon Valley!

October in Santa Clara and the South Bay is full of festive energy, blending cultural celebrations, seasonal fairs, and Halloween fun for all ages. From lively street festivals and harvest gatherings to Oktoberfest weekends, family-friendly trick-or-treating, and chili cook-offs, the month offers endless ways to get out and enjoy the community. Whether you’re savoring local flavors, exploring cultural traditions, or simply soaking up autumn vibes, October is the perfect time to experience the season’s spirit across the region.

Mortgage Rate Update

Santa Clara County Mortgage Rate Update – As of September 26, 2025

Mortgage rates have shown modest shifts heading into fall, with the latest numbers indicating:

30-year fixed-rate mortgages: averaging 6.33 % (up ~0.10 %)
15-year fixed-rate mortgages: approximately 5.61 % (up ~0.20 %)
5-year adjustable-rate mortgages (5/1 ARMs): about 5.60 % (up ~0.03 %)

These align reasonably with broader California trends: the state’s 30-year fixed average is 6.34 %, and 15-year sits near 5.71 %.

Market context:

The 30-year fixed rate climbed a bit this week, erasing some of the prior weeks’ declines.
ARM rates remain comparatively lower, indicating that adjustable products continue to be priced attractively relative to fixed-rate products.

Individual rates depend on factors like credit, loan size, and down payment. For tailor-made offers, consult a trusted Santa Clara lender or reputable online comparison platforms.