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Mortgage Rates Texas: Are home refinancing rates increasing in Austin? Are you interested in the current Texas home refinance rates? Are you in interested in refinancing at a lower mortgage rate? We’re a local Austin mortgage company helping people all over Texas accomplish their mortgage refinance goals. Give us a call today! Austin: 512-996-8194 Houston: 713-589-2244
Today’s Austin Mortgage Rates as of 05/29/2009
Mortgage Rate Interest Rate APR 
Texas Conforming Home Loans
Today’s 30-Year Fixed Rate 5.375% 5.593%
Today’s 20-Year Fixed Rate 5.375% 5.669%
Today’s 15-Year Fixed Rate 4.875% 5.241%
Texas Jumbo Home Loans: (Amounts that exceed $417,000)
Today’s 30-Year Fixed Rate 6.375% 6.525%
Texas FHA Home Loans: (loan limits vary by county)
Today’s 30-Year Fixed Rate 5.500% 6.170%
Texas Mortgage Home Equity Loan
Mortgage applications fell 14.2% last week:
http://www.marketwatch.com/story/mortgage-applications-fell-142-last-week-mba
(MarketWatch) — Mortgage applications filed last week fell a seasonally-adjusted 14.2% last week, compared with the week before, as rates on 30-year fixed-rate mortgages ticked up, according to the Mortgage Bankers Association’s weekly survey, released on Wednesday. Applications were up 28.5% for the week ended May 22, compared with the same week in 2008. The MBA survey covers about one-half of all U.S. retail residential mortgage applications.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anjQYRxlHFvQ
Refinance applications were down an unadjusted 18.9% last week, compared with the week before. Applications for mortgages to purchase a home were up a seasonally adjusted 1.0%, compared with the previous week. The four-week moving average for all mortgages was down 4.7%. http://www.mylendingplace.com/mortgage-rates/
Applications to refinance an existing loan made up a 69.3% share of all activity, compared with 73.6% the previous week. And applications for adjustable-rate mortgages made up a 2.6% share of all activity, up from 2.4% the previous week.
Rates on 30-year fixed-rate mortgages averaged 4.81% last week, up from 4.69% the previous week, with average points increasing to 1.28 from 1.13. A point is 1% of the mortgage amount, charged as prepaid interest.
http://www.zillow.com/Mortgage_Rates/
Fifteen-year fixed-rate mortgages averaged 4.44%, unchanged from last week, with points increasing to 1.16 from 1.01. And 1-year ARMs averaged 6.55%, up from 6.38%, with points increasing to 0.12 from 0.10.
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Mortgage Rates Texas: What is the 30-year fixed rate mortgage in Austin, Texas? Today’s 30-year fixed mortgage rates in Texas are still near record lows. Unsure of what type of home mortgage loan is best for you? Wondering if you should refinance your home mortgage? We’re a local mortgage company helping people all over Texas. We’re a “No Point” lender that can offer you the lowest closing costs. Give us a call today and we’ll get started today!
Austin: 512-996-8194 Houston: 713-589-2244
Today’s Austin Mortgage Rates as of 05/18/2009
Mortgage Rates Interest Rate APR 
Texas Conforming Home Loans:
Today’s 30-Year Fixed Rate 4.750% 4.960%
Today’s 20-Year Fixed Rate 4.875% 5.163%
Today’s 15-Year Fixed Rate 4.500% 4.862%
Texas Jumbo Home Loans: (Amounts that exceed $417,000)
Today’s 30-Year Fixed Rate 6.125% 6.273%
Texas FHA Home Loans: (loan limits vary by county)
Today’s 30-Year Fixed Rate 5.000% 5.645%
Texas Mortgage Refinance Home Equity Loan
Mortgage Applications Tumble In First Week of May
http://www.mortgagenewsdaily.com/05132009_mortgage_applications.asp
Despite lower mortgage rates, loan applications for the week ending May 8 fell 8.6% compared to the prior week, said the Mortgage Bankers Association on Wednesday. The average rate for a 30-year fixed-rate mortgage decreased to 4.76% from 4.79%. http://www.mylendingplace.com/mortgage-rates/
The Market Composite Index, a seasonally-adjusted measure of mortgage loan application volume, fell to 895.6 in the week, decreasing from a 979.7 level one week prior. The four week moving average is also down 5.1%. The weekly survey covers about half all U.S. retail residential mortgage applications, and has been conducted since 1990. Respondents include mortgage bankers, commercial banks and thrifts.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYokz_rb3kbw&refer=home
Part of the weekly decline came from lackluster demand for refinancing loans, which have fallen from a peak in mid-April. The Refinance Index decreased 11.2% to 4588.6 this week, down from 5169.3 in the previous week.
The share of refinancing loans accounted for 71.9% of total applications, compared to 74.4% in the previous week. The share of adjustable-rate mortgages (ARM) increased to 2.3% from 2.1% of total applications from the previous week. The Purchase Index increased this week, but only by a modest 0.5% to 265.7, up from 264.3 one week earlier.
Live in Houston? Interested in Houston’s Current Mortgage Rates? Give us a call today! 713-589-2244
Need a FREE Texas Term Life Insurance quote? Visit: http://texastermlife.com/life-insurance-quote/
Texas Mortgage Rates: What are Austin’s current home refinance rates? Interested in refinancing an existing home mortgage? Interested in a new home mortgage loan? We can help y0u get the lowest Texas mortgage rate. We’re a local Austin mortgage company assisting people all over Texas. We are a “No Point” lender that can offer you the lowest closing costs.
Give us a call today and we’ll get started today! Austin: 512-996-8194 Houston: 713-589-2244
Today’s Austin Mortgage Rates as of 05/12/2009 
Texas Conforming Home Loans:
Today’s 30-Year Fixed Mortgage Rates 4.875% 5.086%
Today’s 20-Year Fixed Mortgage Rates 4.875% 5.163%
Today’s 15-Year Fixed Mortgage Rates 4.500% 4.862%
Texas Jumbo Home Loans: (Amounts that exceed $417,000)
Today’s 30-Year Fixed Mortgage Rates 6.125% 6.273%
Texas FHA Home Loans: (loan limits vary by county)
Today’s 30-Year Fixed Mortgage Rates 5.000% 5.645%
Today’s Texas Mortgage Refinance Home Equity Line
Mortgage rates moving back up
By Jerry Kronenberg
Monday, May 11, 2009
http://www.bostonherald.com/business/real_estate/view/2009_05_11_Mortgage_rates_moving_back_up/srvc=home&position=also
Procrastinators beware: Home mortgage rates are beginning to rebound from record lows as the U.S. economy shows more and more signs of stabilizing.
“Rates are still low, but they’ve moved up from the super-low point they hit a few weeks back,” said Greg McBride of market-tracker Bankrate.com. http://www.bankrate.com/mortgage.aspx
Average conforming-loan rates shot up a quarter-point in just two days last week, hitting 5.5 percent on Friday for zero-point fixed-rate mortgages given to well-qualified applicants. That’s up 0.375 points from an all-time-low 5.125 percent average rate Bankrate.com recorded early last month.
Locally, mortgage brokers say customers with excellent finances can still get mortgage rates as low as 4.875 percent, but that’s up from about 4.625 percent early last week. Home mortgage rates began moving upward Thursday after federal officials reported a drop in initial jobless claims and announced that most big U.S. banks had passed new government “stress tests.”
http://mylendingplace.com/mortgage/rates/texas/
Then, the Labor Department reported Friday that America lost 539,000 non-farm jobs in April – 61,000 less than many analysts had forecast. The three better-than-expected reports pushed mortgage rates higher as lenders priced in a possible economic recovery that could raise loan demand and increase inflation. “The economic glass is now being seen as half full instead of half empty,” McBride said.
Although the analyst expects rates to fluctuate in coming months, McBride recommends would-be borrowers not wait to see if interest levels drop back downward. After all, McBride said today’s rates are still well below the market’s 7.5 percent long-term average. In addition, he said, some refinancers who qualify for loans today might not do so tomorrow if home values keep falling. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az4_Z53jx4zE
“People who wait to refinance could win the battle but lose the war,” McBride said. “If the value of your house drops and you no longer qualify to refinance, it doesn’t matter how low mortgage rates go.”
Live in Houston? Give us a call: 713-589-2244 or Visit: http://houstonhouse.net/mortgage-rates/
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Texas Mortgage Rates in Austin: Should you refinance your home loan? Texas home refinance rates are still at record lows. Refinancing your existing home mortgage at a lower interest rate could save you money. We’re a local Austin mortgage company that can help you with your refinance needs and goals. Give us a call today and we’ll get started today! 
Austin: 512-996-8194 Houston: 713-589-2244
Current Texas Mortgage Rates in Austin as of 05/04/2009 
Mortgage Rate Interest Rate APR
Texas Conforming Home Loans:
Current 30-Year Fixed Mortgage Rate 4.875% 5.086%
Current 20-Year Fixed Mortgage Rate 5.125% 5.416%
Current 15-Year Fixed Mortgage Rate 4.625% 4.989%
Texas Jumbo Home Loans: (Amounts that exceed $417,000)
Current 30-Year Fixed Mortgage Rate 6.125% 6.273%
Texas FHA Home Loans: (loan limits vary by county)
Current 30-Year Fixed Mortgage Rate 5.000% 5.645%
Need to reduce expenses? Consider refinancing.
http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/05/time_to_refinan_1.html
These days, everyone is looking for ways to reduce expenses and, fortunately, mortgage rates are now at multi-year lows. Rates on 30 year fixed rate mortgages are now under 5 percent. If you look hard enough, you can probably get close to 4.75 percent, possibly even lower.
http://money.cnn.com/2009/04/30/real_estate/mortgage_rates/index.htm
The currently available rates are the lowest recorded since Freddie Mac began tracking mortgage rates in 1971. And the rate for 15 year fixed mortgage is even lower –closer to 4.5 percent. A year ago, the rates on a 30 year mortgage exceeded 6 percent and 15 year fixed mortgages were around 5.6 percent according to the Wall Street Journal.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aC_CO9KLmIuQ
So, how much can you save by refinancing? If you have a $400,000 mortgage and you refinance from a 6 percent mortgage to a 4.875 percent mortgage, you would be saving almost $300 per month. If you have to pay closing costs, you have to “net” those costs against your monthly savings. For example, closing costs can easily run from $2,400 to over $3,000 so even if you are saving $300 per month, it will take you several months to recoup the fees. If paying closing costs really bothers you, look for a “no/no” loan where you don’t pay any points or closing costs. The home mortgage rate will be slightly higher, but if you think that you might be moving in 3 to 5 years, these loans can make sense.
http://mylendingplace.com/mortgage-rates/
It is important to note that these rates are for conforming loans (those under $417,000 unless you live in certain high cost areas). If you need a jumbo mortgage, the rates will be higher. You also need to be sure that you still have at least 20 percent equity in your home. If you don’t, refinancing might not be an option or you might have to pay a higher rate. You should also be prepared to pay a slightly higher rate if you will be paying off a Home Equity as a part of your refinance because many lenders characterize those loans as “cash-outs”.
Live in Houston? Interested in Houston mortgage rates? Give us a call today! 713-589-2244
Looking for a Texas Term Life Insurance quote? Visit: http://texastermlife.com/life-insurance-quote/
