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

Comments

Per TheATX1 (@The ATX) on Twitter: Here are the Future Development Plans for West 6th and Lamar in Old West Austin, near Downtown, ATX.

This is a massing of the 6th & Lamar (Waterloo Records site) residential project based on the Planning Commission approved zoning. The original plans before a compromise was reached with the local neighborhood association called for a building 31' and two or three floors taller. TheATX1 (@The ATX) posted: This is a massing of the 6th & Lamar (Waterloo Records site) residential project based on the Planning Commission approved zoning. The original plans before a compromise was reached with the local neighborhood association called for a building 31' and two or three floors taller. https://x.com/theatx1/status/ 1944435039199985686?s=66

Should you BUY a FLIPPED House? ATX Broker Associate GVM Tips, Insights.

SHOULD YOU BUY a "FLIPPED" HOUSE? Have you personally ever considered and wondered if you, yourself should BUY a "flipped house." In my 15+ years of predominantly residential Central Austin brokerage practice and experience, here are my insights, opinions, suggestions and things to be cognizant of. #1. Absolutely, for sure get a LICENSED INSPECTION on the flipped house! Not all flippers are the same. Just like in life there is a wide spectrum in regards to quality. Some flippers are flat out awful. They make very lipstick-like improvements, skip the expensive items such as the foundation, and plumbing and try to trick the consumer into paying more for a home, when the consumer shouldn't. On the Flip Side (this joke was just too obvious) There are also excellent high-quality flippers whom selectively choose which homes they flip, and then they invest carefully and beautifully while genuinely improving a home! Some of these hi-quality upper tier flippe...

Austin, Texas has a DOG PROBLEM.....

Austin, Texas has a DOG problem (Letter I wrote and sent) Dear Austin City Council Members, Hello and well regards, Yesterday afternoon during a simple bicycle pedal exercise ride, I was physically chased by an unleashed Pitbull dog in ZILKER PARK. Then directly after recovering from almost being mauled by an unleashed pit-bull in Zilker Park, I attempted to buy a Gatorade at a nearby Barton Springs Road Market, but that didn't go well either, as an interior Market commercial customer had a massive mixed breed dog trolling through the diminutive shopping isles. Then this morning, at a Coffee shop on SoCo, there was only 1 entry way in and out, and there was another large, although more docile mixed breed dog. All of this has occurred in less than 24 hours. What's the point? The City of Austin's dog friendliness and citizen enabling of irresponsible dog owners has gotten out of control. Newsflash! Not everybody like dogs, being everywhere all the time. especially within ...

ATX: the Austin Real Estate Life Blog

Search This Blog