For the Week of 07/06/2026
Scroll For Rates
What's Happened
Rates Hold Steady: According to Mortgage News Daily, mortgage rates began the week essentially unchanged following the holiday weekend. The average top-tier 30-year fixed rate remained near 6.6%, reflecting a calm bond market and limited economic news.
Market Stability Continues: Interest rates have traded within a narrow range for the past six to seven weeks, with no major market-moving economic reports scheduled after today.
Buyers Adjusting to Higher Rates: While rates remain elevated compared to earlier this year, homebuyers are continuing to adapt, helping support steady purchase activity in many markets.
Austin's RE Pulse
Inventory Remains Elevated: Austin-area buyers continue to benefit from increased housing inventory and more negotiating opportunities than were available during the highly competitive market of recent years.
More Choices, More Leverage: Sellers are facing longer marketing times, giving buyers additional leverage to negotiate pricing, concessions, and rate buydown incentives.
Opportunity for Prepared Buyers: Stable mortgage rates and growing inventory are creating opportunities for buyers who have been waiting on the sidelines.2]
What You Should Know
Mortgage rates are currently sitting near the middle of their recent range, averaging just above 6.6%. While rates remain higher than many borrowers would prefer, stability is encouraging buyers who are tired of waiting for significant rate declines. With more homes available and sellers offering incentives, today's market may provide opportunities that weren't available when rates were lower.
Today's Mobile Rate Sheet
Conforming Loans (Up to $832,750)
30-Yr Fixed: 6.375% | 6.68% APR
15-Yr Fixed: 5.75% | 6.023% APR
HomeReady 30-Yr Fixed: 6.375% | 6.675% APR
Government Loans
FHA 30-Yr Fixed: 6.5% | 6.986% APR
VA 30-Yr Fixed: 6.5% | 6.96% APR
Portfolio Loans (Over $832,750)
30-Yr Fixed: 6.125% | 6.362% APR
15-Yr Fixed: 5.95% | 6.226% APR
7-Yr ARM: 5.975% | 6.22% APR
Medical Professional Loans
10-Yr ARM (0% Down): 6.25 | 6.5% APR
7-Yr ARM (3% Down): 6.10% | 6.37% APR
General Disclaimers
All loans subject to final credit approval. Terms and interest rates subject to change daily without notice. APRs computed using a standardized baseline of $1,693 fixed internal fees (Processing: $675, Underwriting: $670, Credit Report: $188, Doc Prep: $150, Flood Cert: $10) plus a 0.50% discount point. Equal Housing Lender. Rates are provided by Bank of Texas where George Light is licensed to originate mortgages.
Conforming Disclosures: Assumes 20% down on $750k loan, 780 FICO, SFR, primary residence, full escrows. HomeReady assumes 3% down on $300k purchase price ($291k loan) and includes an estimated $111.55/mo private mortgage insurance (0.46% annual factor). All options include $1,693 lender fees and 0.50% discount point.
Govt Disclosures: Assumes 5% down on $300k base loan, 780 FICO, SFR, primary residence. FHA includes 1.75% upfront financed MIP ($5,250) and $137.50/mo monthly MIP (0.55% factor). VA includes 1.50% upfront financed standard funding fee ($4,500) and $0 monthly MIP. Includes $1,693 lender fees and 0.50% discount point.
Portfolio Disclosures: Assumes 20% down, 1M loan, 780 FICO, SFR, primary residence, full escrows. 7-Yr ARM is a Bank of Texas Portfolio Loan. Includes $1,693 lender fees and 0.50% discount point.
Medical Pro Disclosures: Assumes $1M loan, 5% down, 780 FICO, SFR, primary residence, 30-yr payment schedule, NO monthly mortgage insurance. Includes $1,693 lender fees and 0.50% discount point.
G. Light Mortgage is a marketing site designed to provide relevant information to the real estate community. For Federal compliance and licensing information where George Light is licensed, go to www.bankoftexas.com/george-light. NMLS# 260410. All Rights Reserved.