Austin mortgage refinance rates
Mortgage Rates Texas: What are the home refinance rates in Austin? Are you interested in the near record low Texas refinance rates? Have you been thinking of refinancing your home mortgage to get a better rate? Would you like to change your Adjustable Rate Mortgage to a Fixed Rate Mortgage while mortgage refinance rates are still low? We can guide you through the process of choosing and getting the best mortgage loan and mortgage rate that meet your needs and goals. We’re a local Austin mortgage company that can help you today! Give us a call today!
We’re in Texas, helping people in Texas! Austin: 512-996-8194 Houston: 713-589-2244
Texas Mortgage Rates in Austin as of 04/25/2009 
Mortgage Rate Interest Rate APR
Texas Conforming Home Loans:
30-Year Fixed Mortgage Rate 4.750% 4.960%
20-Year Fixed Mortgage Rate 5.000% 5.289%
15-Year Fixed Mortgage Rate 4.625% 4.989%
Texas Jumbo Home Loans: (Amounts that exceed $417,000)
30-Year Fixed Mortgage Rate 6.250% 6.399%
Texas FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Home Mortgage Rates Inch Up
The 30-year fixed hits 5.23% last week, bouncing off lows.
http://money.cnn.com/2009/04/23/news/economy/mortgage_rates/index.htm
NEW YORK (CNNMoney.com) — Home mortgage rates were slightly higher this week, jumping from near record-lows last week, according to a report released Thursday.
The average 30-year fixed mortgage rate jumped to 5.23%, up from 5.18% the previous week, according to Bankrate.com’s weekly national survey. http://mylendingplace.com/mortgage-rates/
Even with the increase, rates remain at historic lows, the report said. Rates have plunged since late October, when 30-year fixed home mortgage rates averaged 6.77%.
“Mortgage refinance rates have been comparatively tame in recent weeks, but one exception has been the jumbo mortgage market,” the report said. 
Jumbo loans are considered too large to be purchased or guaranteed by Fannie Mae and Freddie Mac, and they carry higher rates than smaller “conforming” loans that do carry guarantees.
“Mortgage rates are still higher than they would be in a normal credit environment, but with the slowly thawing credit markets the spread between conforming and jumbo rates has narrowed to levels last seen in Nov. 2008,” the report said.
http://www.mortgagenewsdaily.com/04232009_fixed_rates_drop_below_arms.asp
Six months ago, the average 30-year fixed mortgage rate was 6.32%, meaning a $200,000 loan would have carried a monthly payment of $1,240.55. With the average 30-year fixed mortgage rate now at 5.23%, the monthly payment for the same size loan would be $1,101.93, meaning homeowners who refinance now would save more than $140 per month.
http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx
Other mortgage rates: The average 15-year fixed rate mortgage ticked up to 4.75% from 4.72% the week prior.
The average jumbo 30-year fixed rate dropped sharply to 6.52% from 6.69% the week prior.
Adjustable rate mortgages were “all over the map,” the report said, with the average 1-year ARM rising to 5.32% while 5/1 ARMs fell to 5.11%.
Interested in Houston Mortgage Rates? VISIT: http://houstonhouse.net/mortgage-rates/ Or CALL: 713- 589-2244
Today’s Mortgage Refinance Rates, Austin Texas: Are you interested in the current record low mortgage refinance rates? Would you like to refinance your existing home mortgage loan at a lower mortgage refinance rate? We’re a local Austin mortgage refinance company that can help you today! We have successfully helped people all over Texas with their mortgage refinance needs. We can help you. Give us a call today!
Austin: 512-996-8194 Houston: 713-589-2244
Austin’s Current Rates as of 04/07/2009 
Mortgage Rate Interest Rate APR
Conforming Home Loans:
30-Year Fixed Mortgage Rate 4.875% 5.086%
20-Year Fixed Mortgage Rate 5.125% 5.416%
15-Year Fixed Mortgage Rate 4.625% 4.989%
Texas Jumbo Home Loans: Amounts that exceed $417,000)
30-Year Fixed Mortgage Rate 6.500% 6.651%
FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Texas Mortgage Refinance Home Equity Loan 
Bernanke Easing Mortgage Refinance Rates for Consumer Rebound:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBk3iO3J9Ed4
April 3 (Bloomberg) — U.S. Federal Reserve Chairman Ben S. Bernanke is delivering what he promised five months ago, record-low mortgage rates and a mortgage refinancing boom that’s putting cash in consumers’ pockets.
Fixed 30-year mortgage rates fell to a record low for the second consecutive week last week, hitting 4.78 percent, Freddie Mac said yesterday in a statement. The interest rates are the lowest in records dating to 1971, and come after Bernanke told Congress in November that helping the most creditworthy borrowers was essential to reviving the economy.
Mortgage refinance applications in the U.S. rose for the fourth straight week last week as a decline in borrowing costs spurred homeowners to refinance existing home loans, while purchases of new houses unexpectedly rose in February. The Fed’s effort to bring down fixed rates may give consumers as much as $25 billion, said Mark Zandi, chief economist of Moody’s Economy.com.
http://www.economy.com/default.asp
“It certainly gives further fuel to consumer spending,” said Nicolas Retsinas, director of Harvard University’s Joint Center for Housing Studies in Cambridge, Massachusetts. “It puts more money into circulation.”
http://www.bankrate.com/finance/mortgages/interest-rate-roundup-april-2-2009.aspx
The extra cash may help boost first-quarter consumer spending by 1 percent to 1.5 percent, said Barton Biggs, managing partner at New York-based hedge fund Traxis Partners LLC. Consumer spending accounts for about two-thirds of the U.S. economy. http://mylendingplace.com/mortgage-rates/
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Current 15 Year Fixed Mortgage Rates, Austin Texas: Interested in the current low mortgage refinance rates? Unsure what type of mortgage refinance loan best suits your needs? Have questions? We can answer all your mortgage refinance questions. Give us a call today!
Austin: 512-996-8194 Houston: 713-589-2244
Austin’s Current Rates as of 04/02/2009 
Mortgage Rate Interest Rate APR
Conforming Home Loans:
30-Year Fixed Mortgage Rate 4.750% 4.960%
20-Year Fixed Mortgage Rate 5.000% 5.289%
15-Year Fixed Mortgage Rate 4.500% 4.862%
Jumbo Loans: (Amounts that exceed $417,000)
30-Year Fixed Mortgage Rate 6.500% 6.651%
Texas FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
U.S. MBA’s Mortgage Applications Index Rose 3 Percent Last Week
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRmsnYYZvXsQ
April 1 (Bloomberg) — Mortgage applications in the U.S. rose for a fourth consecutive week as a decline in borrowing costs prompted more mortgage refinancing.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan rose 3 percent to 1,194.4 in the week ended March 27 from 1,159.4 the prior week. The group’s refinancing gauge gained 3.7 percent, following a 41 percent gain the prior week, and its purchase inde rose 0.1 percent.
Government plans to step up purchases of mortgage-backed securities sent borrowing costs toward historic lows last week, prompting homeowners to refinance their mortgages to cut their payments. Still, rising unemployment and slumping consumer confidence signal the housing recession may last all year.
“Mortgage refinance rates are coming down and refinancings are going to spring back,” Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report. Still, “you have to be confident in your job and income prospects to buy a home and confidence is sorely lacking.”
http://www.mortgagenewsdaily.com:80/mortgage_rates/blog/65101.aspx
The refinancing gauge climbed to 6,600.1 last week from 6,363.2, today’s report showed. The mortgage bankers’ purchase index increased to 268 last week from 267.8 the previous week, today’s report showed.
The share of applicants seeking to refinance loans rose to 80.4 percent of total applications from 78.5 percent.
The average rate on a 30-year fixed-rate loan fell to 4.61 percent, the lowest level since the mortgage bankers group began records in 1990, from 4.63 percent the prior week.
http://money.cnn.com/2009/03/31/real_estate/January_Case_Shiller/index.htm
The Federal Reserve last month announced a plan to increase purchases of mortgage-backed securities this year by as much as an additional $750 billion, adding to the $500 billion it pledged between January and June. The central bank also will buy as much as $300 billion in Treasuries during the next six months.
At the current 30-year mortgage rate, monthly borrowing costs for each $100,000 of a loan would be about $513, or $71 less than the same week a year earlier, when the rate was 5.76 percent.
The average rate on a 15-year fixed mortgage fell to 4.45 percent from the prior week’s 4.48 percent. The rate on a one- year adjustable mortgage fell to 6.2 percent from 6.21 percent.
http://mylendingplace.com:80/mortgage/rates/30-year-fixed-rates/
Home sales are showing some signs of approaching a bottom. Sales of previously owned homes unexpectedly increased 5.1 percent in February from the prior month, while purchases of new homes rose by 4.7 percent.
“Lower interest rates together with seasonal trends have clearly moved sales higher in the past few weeks,” Stuart Miller, chief executive officer of Lennar Corp., the fourth-largest U.S. homebuilder by revenue, said on a conference call yesterday. Lennar posted a bigger-than-forecast second quarter loss, the company said.
Give us a call today! Austin: 512-996-8194 Houston: 713-589-2244
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Current Mortgage Refinance Rates in Austin, Texas: Is now the right time to refinance? Unsure of what type of mortgage refinance loan is best for you? Are you interested in a home equity loan while current interest rates are at an all time LOW? We’re a local Austin mortgage company that can answer all your mortgage refinance questions. Give us a call today! 512-996-8194
Austin’s Current Rates as of 03/31/2009
Mortgage Rate Interest Rate APR
Conforming Home Loans:
30-Year Fixed Mortgage Rate 4.625% 4.833%
20-Year Fixed Mortgage Rate 5.000% 5.289%
15-Year Fixed Mortgage Rate 4.625% 4.989%
Texas Jumbo Loans: (Amounts that exceed $417,000)
30-Year Fixed Mortgage Rate 6.500% 6.651%
Texas FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Texas Mortgage Refinance Home Equity Loan 
Fed’s Move to Lower Mortgage Rates: May Backfire on Market
http://www.cnbc.com/id/29962475?__source=RSS*tag*&par=RSS&Sort=MostRecent
The Federal Reserve’s latest moves to push down mortgage refinance rates quickly raised expectations about helping the housing recovery, but it may be months before the impact is entirely apparent and the effects may not all be positive, say people in the real estate and housing industries.
First and foremost, there is general skepticism about the how much impact government intervention will have in the marketplace, as well as concern about the potential for unintended consequences.
“It’s wrong to place too much hope on what the Fed would be able to accomplish in pushing interest rates lower,” says economist Dean Baker, co-director of the Center for Economic and Policy Research. “There’s a limit to what they can realistically do.”
That’s apparent in what some call the inevitable bounce back in interest rates since the Fed’s announcement at the March 19 FOMC meeting that it would increase its planned purchase of GSE and MBS debt as well as finally begin buying longer-term Treasuries.
http://www.mortgagenewsdaily.com/consumer_rates/64316.aspx
The yield on the 10-year note went from roughly 3.00 percent down to 2.50 percent, but has slowly climbed back to around 2.75 percent. Thirty-year mortgage rates, which track the 10-year yield, have moved accordingly.
“Mortgage rates are historically low, but the expectation is that interest rates should be much lower than they are,” says Manhattan Mortgage Company CEO Melissa Cohn.
That sort of criticism highlights the difficulty of the Fed’s mission, and though the significant drop in mortgage rates in the past six months has been welcome in almost all quarters, it is hardly a magic bullet for the multi-faceted housing market. For one, Cohn and others have seen a greater increase in loan refinancing activity that in loans for home sales.
http://money.cnn.com/2009/03/31/real_estate/January_Case_Shiller/index.htm?postversion=2009033109
The Mortgage Bankers Association last week increased its forecast for loan originations in 2009 by 40 percent to $2.8 trillion, more than any year since 2005 and the fourth highest on record. Some 71-percent of that, however, will be mortgage refinancing. Home purchase origination’s will be almost 4-percent lower than last year.
“For the purchase market, it is still an issue of the economy,” says Jay Brinkman, chief economist and senior vice president of the mortgage industry trade group. “I don’t think mortgage interest rates were an impediment even before the Fed’s move.”
http://mylendingplace.com/mortgage/rates/todays/
Mortgage refinancing does not a housing rebound make, although it certainly increases the chance of keeping a homeowner out of foreclosure. That and other forces continue to put a drag on housing. Right now, the single-family market is still in the doldrums, though many measures point to a possible bottom.
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