Tampa Bay Real Estate & Mortgage Market Update – Week Ending Jan 30, 2026
For context on whether now is a good time to buy, see Redfin’s analysis: Is Now a Good Time to Buy a House?
Market Overview
The Tampa Bay housing market continues 2026 at a calmer, healthier pace. Inventory is up, homes are
taking longer to sell, and buyers are enjoying more negotiating power.
Market Snapshot
- Buyer leverage: Increasing
- Days on market: Elevated
- Seller Concessions: Common
Source: Zillow Tampa Market Data
Mortgage & Financing Trends
- 30-year fixed-rate mortgage: ~5.85%
- 15-year fixed-rate mortgage: ~5.15%
Fed Watch – How Rates Actually Work
Mortgage rates are not directly tied to the Federal Reserve’s Fed Funds Rate. While the Fed controls
short-term rates, mortgage rates are influenced more by the bond market. The 10-year U.S. Treasury
yield is the benchmark that most closely tracks mortgage rates, and it’s currently sitting in the mid-4%
range. That stability has helped mortgage rates remain steady, making it easier for buyers and
homeowners to plan.
Homeowner & Community News
This weekend is one of Tampa’s biggest events of the year: the Gasparilla Pirate Festival. Expect major
road closures, heavy traffic, and packed waterfront areas around Bayshore Boulevard and downtown
Tampa. From a local perspective, events like Gasparilla are a big part of what makes Tampa Bay such
a special place to live.
Local Business Spotlight
Hooch & Hive – Tampa
Founded by local beekeepers with a deep desire to have a positive impact on Tampa’s creative scene; Hooch and Hive offers live music with an excellent sound system, and inspired food and drink menus.
📍1001 W Cass St, Tampa, FL 33606
