Mortgage Rates Texas: What is the 30-year fixed rate in Austin?

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

                                                                             

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