Austin Refinance: Austin mortgage rates fall to another record low

Austin Refinance: Austin mortgage rates fall to another record low

http://www.bankrate.com/finance/news/mortgage-rates-fall-to-another-record-low.aspx

Austin mortgage rates fell, reaching another record low despite signs the U.S. economy is recovering. The stock market had rallied earlier this week, as investors became more confident, but the optimism was short-lived.

 The benchmark Texas 30-year fixed-rate mortgage fell 3 basis points this week, to 4.18 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.34 discount and origination points. One year ago, the mortgage index was 4.94 percent; four weeks ago, it was 4.24 percent.  http://www.mylendingplace.com/

The benchmark Texas 15-year fixed-rate mortgage fell 4 basis points, to 3.4 percent. The benchmark 5/1 adjustable-rate mortgage fell 1 basis point, to 3.19 percent, and the 30-year fixed-rate jumbo fell 2 basis points, to 4.62 percent.

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Austin Mortgage: Austin Mortgage Rates Steady

Austin Refinance: Austin Mortgage Rates Steady

http://www.bankrate.com/finance/news/anxiety-over-italy-scares-mortgages-steady.aspx

Austin mortgage rates barely changed this week, remaining near record lows as investors seem to have given up hopes on Greece and now are panicking over Italy’s debt woes.

The benchmark Texas 30-year fixed-rate mortgage rose 2 basis points this week, to 4.25 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 4.46 percent; four weeks ago, it was 4.37 percent. http://www.mylendingplace.com/ (more…)

Austin Refinance: Today’s Austin mortgage rates

Austin Refinance: Today’s Austin mortgage rates

Today’s Austin mortgage rates are still near historic lows! If you’ve been interested in refinancing your existing home mortgage loan, now is the time! We can offer you the best mortgage rates with the lowest closing costs!

Visit mylendingplace.com or Give us a call today! 512-996-8194

Austin Mortgage Rates as of 11/07/2011
Mortgage Rates                                         Interest Rate   APR 
Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates             4.250%    4.433%
30-Year Fixed FHA Mortgage Rates   4.000%   4.978%
15-Year Fixed Mortgage Rates              3.375%    3.691%

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Current Mortgage Interest Rates | Bank of America | Austin Texas

Current Texas Mortgage Interest Rates |  Bank of America | Austin Texas

Now that Texas Mortgage (Refinance) rates are so low it’s important you look at the rate as well as the closing costs.  I personally bank at bank of America and everybody knows they do ton of mortgage loans.  However, notice the picture below…my daughter, Kbug, is pointing out how much Bank of America is charging to get a 3.375% 15 year fixed rate.

www.mylendingplace.com |  Austin Texas Mortage Refinance Company |  512-996-8194

 1.25% Points at Bank of America, based on their own sign !

This means if you’re home loan is $200,000 you’ll more than $2,000 in lender fees.  Not to mention the applicaton fee.

This is why people use Mylendingplace.com over Bank of America.  We offer the same mortgage loans (all mortgage loans are either Fannie/Freddie) but with much lower closing costs.   Take a look at our closing costs and give us a call.   We help people all over Texas buy or refinance. (more…)