Illustration. This image is an illustration, not a photo of a specific home.
By Erika Baños-Soria | Broker Associate, Coldwell Banker Envision | October 27, 2026
Freddie Mac's weekly survey put the average 30-year fixed mortgage rate at 7.32% on October 22, 2026. That is down from 7.40% the week before, and up from 6.19% a year ago.
A higher rate changes the monthly payment. It does not have to freeze your plans. Whether you are buying or selling in Glendora, here is where I would put your attention.
If you are buying: start with the payment, not the price
The same price tag means a higher monthly payment at 7% than at 6%. Before you fall for a listing, work backward from the monthly payment you are comfortable with.
Get a full pre-approval. Not just a pre-qualification. Ask your lender to show the payment at today's rate, and what happens if the rate moves up or down.
Ask about rate buydowns. Some loans allow a buydown, which can lower the rate for a set period or the life of the loan. Who can pay for it and how much depends on the lender and loan program, so ask what applies to you.
Count the whole payment. Property taxes, homeowners insurance and any HOA dues all add up. Ask about insurance early, especially for foothill homes.
Do not stretch to beat the market. A payment that keeps you up at night is too high, whatever rates do next.
If you are selling: questions to work through
Higher rates raise the monthly payment on any given price, and that can change what buyers are able or willing to pay. Here are questions worth working through before you list.
Price from recent comparable sales. Ask for a comparison of the most recent sales and current listings near you, and check how much older sales still apply at today's rates.
Show the home at its best. Simple steps like fresh paint, a deep clean and tidy landscaping can help a home show well. Before spending on bigger updates, ask what they are likely to return in your neighborhood.
Ask about buyer incentives. Some buyers may be able to use a seller credit toward closing costs or a rate buydown. What is allowed depends on the buyer's lender and loan program, so it is worth asking early whether it could work for your sale.
Prepare for questions. Have clear answers ready on condition, repairs and timing. It helps any buyer feel confident.
Should you wait?
No one can predict where rates go next. Waiting could mean a different rate, higher or lower, and prices and competition can change too. Ask your lender to run your payment at a few rate levels so you can see what you can handle either way. Plan around a payment that works today rather than counting on a future rate drop.
If you are selling, it helps to think about where you need to be next, and when, as well as the rate.
Let's look at your numbers
Every household is different. If you want to see what a purchase looks like at today's rates, or what your Glendora home could sell for, I am happy to walk through it with you.
Call or text Erika at (626) 705-4304, or email erikabyourRealtor@gmail.com.
Erika Baños-Soria, Broker Associate, Coldwell Banker Envision. License #01809655. This post is general information, not financial or lending advice. Talk to a licensed lender about your situation. Source: Freddie Mac Primary Mortgage Market Survey, freddiemac.com/pmms (week ending Oct 22, 2026).
