Mortgage Rates Texas: Are home refinance rates increasing in Austin?

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.

 Get a FREE Texas Term Life Insurance quote at http://texastermlife.com/life-insurance-quote/