September 3, 2026

The rate ticked up. The cut share did not go away.

Josh McEwen, Invision Real Estate, DRE 02178333

Thursday’s Freddie Mac print is out. Do not freeze on the number.

Freddie Mac’s Primary Mortgage Market Survey as of September 3 shows the 30-year fixed averaging 6.71%, up from 6.66% last week. The 15-year averaged 6.04%, up from 5.98%. A year ago the 30-year was 6.50%. That is the national survey average, not your quote on a specific house. Freddie Mac Primary Mortgage Market Survey.

What the list still looks like here

Altos Research as of Wednesday, September 2 (same stamp as Tuesday) shows San Luis Obispo County with a median list of $1,177,000 on 574 actives. Forty-five percent of those listings already show a price cut. Median days on market on the list side is 56. The market-action index is 37.

That is list price and inventory. It is not a sold median. July closed sales are still the latest monthly print for this county.

Town stamps, not one coast number

Altos Wednesday, Santa Maria: median list $789,900, 107 actives, 36% with a cut, 28 days on market, market-action index 59. That is North Santa Barbara County. It is not SLO County, and it is not a Five Cities average.

Paso Robles (93446): median list $917,995, 140 actives, 48% with a cut, 63 days on market, market-action index 35.

San Luis Obispo city: median list $1,395,000, 61 actives, 34% with a cut, 56 days on market, market-action index 44.

Arroyo Grande: median list $1,599,000, 58 actives, 45% with a cut, 49 days on market, market-action index 37.

Atascadero: median list $885,000, 47 actives, 40% with a cut, 35 days on market, market-action index 41.

Morro Bay: median list $915,000, 23 actives, 65% with a cut, 70 days on market, market-action index 36. Small sample. The cut share is still loud.

Buyer tip, short version

A five-basis-point Freddie move is not a reason to stop looking. Sellers on this coast are still trimming in public. Shop the street, the cut history, and your real payment — not a headline rate alone.

If you are buying in Arroyo Grande, SLO, Paso, Atascadero, Morro, or Santa Maria this month, I will run the payment next to the list sheet with you. No mashed county average dressed up as your neighborhood.

Josh McEwen, Invision Real Estate, DRE 02178333, (805) 668-7238, josh@invision-real-estate.com. Broker: Aaron David Peck, DRE 01387499.

Sources: Freddie Mac Primary Mortgage Market Survey as of Sep 3, 2026 (https://www.freddiemac.com/pmms); Altos Research SLO County, Santa Maria, Paso Robles 93446, SLO city, Arroyo Grande, Atascadero, and Morro Bay as of Sep 2, 2026 (Altos Wed stamp; flat vs Tue Sep 1).