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Texas Mortgage Rates
|Unlock Bank||2.5||5 Year ARM||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.25||5 Year ARM||Conforming||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||4||30 Year Fixed||Jumbo||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||3.25||30 Year Fixed||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.75||15 Year Fixed||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.75||15 Year Fixed||Conforming||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||3.75||30 Year Fixed||Conforming||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||2.375||5 Year ARM||Jumbo||0.7 to 1||Show Phone Number||Learn More|
|Unlock Bank||3||15 Year Fixed||Jumbo||0.7 to 1||Show Phone Number||Learn More|
By: Rosemary Rugnetta | January 18th, 2011
Today’s Texas fixed rate mortgages were up .125% from last week with Texas 30 year fixed rate mortgages at 4.625% and Texas 15 year fixed rate mortgages at 4.000%. Texas 5/1 adjustable rate mortgages remain steady at 3.125%. These are low conforming Texas fixed rate mortgages and Texas adjustable rate mortgages available with 0.7 to 1% point to borrowers who have excellent credit and can meet lender guidelines.
Current Texas FHA mortgage loans are following the pattern and saw an increase today in mortgage rates. Texas 30 year fixed rate FHA mortgage loans are at 4.500% which is an increase of .125% and Texas 15 year fixed rate FHA mortgage loans are at 4.000%, an increase of .250%. FHA 5/1 adjustable rate mortgages remain the same at 3.000%. Mortgage rates for Texas FHA mortgage loans are slightly lower than conforming Texas fixed rate mortgages, but Texas FHA closing costs (APR) are higher due to various FHA fees and the upfront mortgage insurance premium charged to Texas borrowers.
Today’s mortgage rates for Texas jumbo mortgage loans remain consistent from Friday’s pricing. Texas 30 year fixed jumbo mortgage loans are at 5.125% and Texas 15 year fixed jumbo mortgage loans are at 4.750%. Jumbo 5/1 adjustable rate mortgages are the same at 3.875%. For Texas borrowers in need of Texas jumbo mortgage loans in excess of the current conforming loan limits, these are the low Texas jumbo mortgage rates with 0.7 to 1% origination fee.
Mortgage backed securities prices (MBS) have a direct impact on mortgage rates which move in the opposite direction. Today’s MBS prices started down at -3/32 and proceeded to go down further -12/32 (FNMA 30 yr 4.0 at 99.01). As housing starts have remained weak, the current homebuilders report showed a flat market as a lack of credit continues to dampen new home sales.
In an effort to further promote affordable homeownership, the Texas Department of Housing and Community Affairs has funded the Texas Mortgage Credit Program which provides up to a $2,000 reduction of a Texas borrower’s tax liability. This Texas homeownership program will be able to assist approximately 1,000 Texas households who complete the certified home buyer education class.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders’ rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
Click here for current Texas mortgage rates.
Latest HARP Mortgage News March 10th, 2014
Low Mortgage Rates Help Texas Homeowners Refinance and Save
By: Vanessa Rodriguez | August 19th, 2010
As current mortgage rates sustain record lows, Texas homeowners refinance and save money on their home mortgages by taking advantage of historic rates. Jason Paul, loan officer at AmCap Mortgage of Houston, Texas, comments, “[We are] absolutely seeing a significant rise in applications for refinances because mortgage rates are so low.” 30-year fixed conforming and FHA rates remain at 4% for well-qualified borrowers. According to the Mortgage Banks Association, refinance applications increased by 17 percent last week, which caused a surge of 13 percent in overall mortgage applications. Continue reading
Texas Mortgage Rates- Alert: Watch out Texas! Mortgage Rates going up?
By: Nick Patton | February 11th, 2010
DALLAS, TX — Feb. 11 (FreeRateUpdate.com) - As the snow falls down here in North Texas there are talks about mortgage rates going up! Yesterday Federal Reserve Chairman, Ben Bernanke, spoke about the impact of raising the Federal Funds rate. The Fed Fund … Continue reading
Texas FHA Loans: Texas Apartment Renters Buying Homes with FHA Loans!!!
By: Nick Patton | January 29th, 2010
The 1st time home buyer tax credit up to $8000 created in January of ’09 was extended late last year to roll over into 2010. Home buyers have until April 30th, 2010 to be under contract to purchase their 1st home and must … Continue reading
Texas Home Buyers! FHA, VA Loans and 100% Financing
By: Nick Patton | January 18th, 2010
With the current economic situation as it pertains to home ownership it is imperative that buyers are aware of their options! Now more than ever do lenders and buyers have a responsibility to one another to ensure that they enter into … Continue reading