Mortgage Rates Hit 5.99% After Trump’s $200B Mortgage Move | January 12, 2026

On today’s Hot Sheet, Byron Lazine discussed mortgage rates dropping below 6%, housing inventory data, and the best markets for first-time homebuyers….

On today’s Hot Sheet, Byron Lazine covered Redfin data showing mortgage rates dipped to 5.99% after President Trump’s $200B mortgage bond order, boosting a $3,000-a-month buyer’s purchasing power by more than $30,000.

He also broke down new HousingWire reporting that shows inventory growth slowing from 33% to 9.99% as price cuts climbed to 34.7% and rates ended the week near 6.06%.

For today’s third topic, he reviewed Realtor.com’s 2026 rankings from Danielle Hale and Joel Berner, which highlight the best first-time buyer markets across affordable metros in the Northeast, Midwest, and South.

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