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Real Estate Lender, Mortgage Broker Joel Richardson's Rate Update Jan. 7th 2026.



 "Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it.”

Lou Holtz

Today's date: 01/06/2026

30yr fixed conventional= 5.875% (APR 6.088%)
15yr fixed conventional= 5.125% (APR 5.256%)
30yr fixed FHA/VA= 5.5% (APR 6.408%)
30yr fixed Jumbo= 6.0% (APR 6.203%)
40yr Interest Only jumbo= 6.75% (APR 7.331%)
7yr jumbo ARM (7/6)= 5.5% (APR 5.697%)
30yr fixed conventional investment property= 6.49% (APR 6.644%)
30yr fixed DSCR (investment property)= 7.125% (APR 7.366%)
30yr fixed conventional renovation loan= 6.49% (APR 6.681%)
 
Important notes: all rates assume 1% discount point. Conventional rates assume 760 credit scores and 20% down payment.  FHA/VA rates assume 740 credit scores and minimum down payment. Jumbo rates assume 760 credit scores, 20% down payment and 40% debt-to-income ratios. Investment property rates assume 20% down and 760 credit scores. 
 
Rate Direction:
Unchanged

Quick & Dirty: 
Market has one eye on the labor reports due later this week and the other on the geopolitical scene- mostly Venezuela.
The Deets!:
  • No data today

On the Horizon:
On Wednesday, we get weekly Mortgage Bankers data, ISM Services PMI,  December ADP Private Payroll report, Factory Orders for October (delayed) and  Nov JOLTs Report. Thursday features Weekly Jobless Claims, the delayed October Balance of Trade and Import/Export reports and Consumer Inflation Expectations. Friday delivers December Non-Farm Payroll report, delayed Sep/Oct Housing Starts and Building Permits and Univ of Michigan Consumer Expectations.

What's hot this January?  Getting your sellers preapproved for their next move! Let's work on that together!

Thanks!
Joel


Joel Richardson
VP Branch Manager
phone: 512-203-8244
email: Joel.Richardson@fcmhomeloans.com


     


firstcommunitymortgage.com  

NMLS ID 136881
FCM NMLS ID 629700
2021 Guadalupe St. #260
Austin, TX 78705


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