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/

Mortgage Rates Texas: Are mortgage rates going up in Austin?  Do you have questions about the current Texas mortgage rates?  Would you like to refinance your home mortgage for a lower interest rate?  We’re a local Austin mortgage company that has been helping people all over Texas!  Give us a call today!                                                                                                  Austin:   512-996-8194                            Houston:   713-589-2244

Texas Mortgage Rates in Austin as of 04/28/2009
Mortgage Rates                             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      4.500%     4.862%

Texas Jumbo Home Loans: (Amounts that exceed $417,000) 
30-Year Fixed Mortgage Rate      6.125%     6.273%

Texas FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate      5.000%      5.645%

Texas Mortgage Home  Equity Loan

Texas Mortgage Rates Hold Steady: slight rise from previous week for Texas

Texas Mortgage Rates:  Should you refinance your current mortgage?  Have you been considering refinancing your current home mortgage to get a lower interest rate?  If so, NOW is the time while Texas mortgage refinance rates are still low.  We’re a local Austin mortgage company that can help you with your mortgage refinance needs. 

       Give us a call today and we’ll get started today!    Austin:   512-996-8194     Houston:  713-589-2244

Texas Mortgage Rates in Austin  as of 04/20/2009
Mortgage Rates                           Interest Rate   APR
Conforming Home Loans: 
30-Year Fixed Mortgage Rate    4.875%     5.086%
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%

Texas Mortgage Home Equity Loan

When Should You Refinance?

http://www.chicagotribune.com/features/home/chi-0419-toolkit1-textapr19,0,271614.story

A mortgage refinance push has gained ground as the benchmark 30-year fixed mortgage rate fell below 5 percent. Even President  Barack Obama recently touted the benefits of the low interest rates as “good news” for American families following a round-table discussion with homeowners in Washington.

The current average for 30-year fixed mortgage rates, according to Freddie Mac, stood at 4.82 percent Thursday, down from 4.87 percent the previous week. But when should a homeowner make the jump and what should they watch out for in the process?

Christine Benz, director of personal finance for Chicago-based Morningstar Inc., offered the following advice in a recent posting on morningstar.com.  http://www.morningstar.com/

Refi fees. She points to a recent survey by Bankrate.com that indicated average closing costs on a $200,000 mortgage nationwide totaled $3,118, not including taxes, insurance or prepaid items, such as homeowner association dues. Refinancing fees likely would be a bit lower, and offset by interest-rate savings, but still would pay off only if you stay put for a few years.  http://www.bankrate.com/

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/

Give us a call today!    We can help you get the lowest  Texas mortgage refinance rate!     APPLY ONLINE