Texas Mortgage Rates: 30-Year Fixed Mortgage Refinance Rates in Austin If you’ve been thinking about refinancing your mortgage, now is the time. Texas 30-year fixed mortgage rates continue to be near record lows. Do you have questions about what type of loan best suits you? We can answer all your Texas mortgage refinance questions. We’re a local Austin mortgage company helping people all over Texas. Give us a call today! We can get started helping you today!
Austin: 512-996-8194 Houston: 713-589-2244
Today’s Mortgage Rates in Texas as of 04/13/2009 
Mortgage Rates 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%
Texas FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Texas Mortgage Refinance Home Equity Loan 
Obama says timing is right for millions to refinance
http://www.statesman.com/search/content/shared-gen/ap/US_President_And_White_House_Advisers/Obama_Housing.html
WASHINGTON — Declaring “good news” in the midst of an economic meltdown, President Barack Obama on Thursday urged families to take advantage of near-record low mortgage rates by refinancing their home loans. “We are at a time where people can really take advantage of this,” Obama said, seated with a handful of homeowners who have already lowered their bills.
But he also warned people to watch out for scam artists, cautioning, “If somebody is asking you for money up front before they help you with your mortgage refinancing, it’s probably a scam.”
Rates on 30-year fixed mortgages inched upward this week but remain near the lowest level in decades, allowing borrowers with strong credit and stable jobs to save money if they refinance.
The average rate on a 30-year fixed-rate mortgage rose to 4.87 percent this week, up from 4.78 percent last week, Freddie Mac reported Thursday. That was the lowest in the history of the survey, which dates back to 1971.
http://mylendingplace.com/mortgage/rates/30-year-fixed-rates/
Low interest rates have sparked a surge in refinancing activity, with nearly 80 percent of new home loan applications coming from borrowers seeking to refinance. Freddie Mac’s sibling company, Fannie Mae, refinanced $77 billion in loans last month, nearly double February’s volume.
“The main message we want to send today is there are 7 to 9 million people across the country who right now could be taking advantage of lower mortgage rates,” Obama said in a photo opportunity in the Roosevelt Room. “That is money in their pocket.”
Foreclosures and defaults continue to break records. A record 5.4 million American homeowners with a mortgage, or nearly 12 percent, were at least one month late or in foreclosure at the end of last year. And nearly half of homeowners with a risky subprime adjustable-rate mortgage were in trouble.
http://www.mortgagenewsdaily.com/consumer_rates/67482.aspx
Last month, the Obama administration launched a new plan to provide $75 billion in incentives for the mortgage industry to modify loans to help borrowers avoid foreclosure. On Thursday, the president encouraged people to take advantage of a government Web site — http://www.makinghomeaffordable.gov — to see how they can get help.
In recent weeks nearly 200,000 homeowners have contacted Bank of America to find out if they are eligible to refinance under the Obama administration’s new guidelines, said Vijay Lala, the bank’s product management executive. “We’ve seen a tremendous amount of interest.” http://houstonhouse.net:80/mortgage-rates/
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