Mortgage Refinance Rates Texas: Are home mortgage rates going up in Austin? Do you have questions about Texas home mortgage rates? Give us a call and we’ll answer your mortgage refinance questions. We’re a local Austin mortgage company that can offer you the best mortgage rates and the lowest closing costs. Call us today!           Austin: 512-996-8194    Houston: 713-589-2244

Today’s Mortgage Refinance Rates in Austin as of 06/08/2009
Mortgage Rate                                                  Interest Rate  APR 
Texas Conforming Home Loans and FHA Home Loans 
Today’s 30-Year Fixed Mortgage Rate            5.750%   5.950%
Today’s 30-Year Fixed FHA Mortgage Rate   6.000%   6.773%
Today’s 15-Year Fixed Mortgage Rate            5.250%   5.583%

Texas Jumbo Home Loans (Amounts that exceed $417,000) 
Today’s 30-Year Fixed Mortgage Rate            6.375%   6.525%

Texas Mortgage Refinance Home Equity Loans

Mortgage Rates Jump to Highest Since December

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aN.fG1W_qxVI

June 4 (Bloomberg) — Fixed U.S. mortgage rates jumped to the highest level this year, signaling the Federal Reserve’s plan to lower borrowing costs has stalled.

The average 30-year fixed rate rose to 5.29 from 4.91 percent a week earlier, Freddie Mac, the McLean, Virginia-based mortgage buyer, said today in a statement. The last time the rate was higher was Dec. 11, when it was 5.47 percent. The average 15- year fixed rate rose to 4.79 percent from 4.53 percent. http://www.mylendingplace.com/mortgage-rates/

“That’s quite a jump,” said Donald Rissmiller, chief economist at New York-based Strategas Research Partners. “The more rates go up, the more we need home prices to go down to equalize consumers’ payments. It’s those payments that have brought about a level of stability in housing unit sales.”

Rising mortgage rates may deepen the U.S. housing slump and sideline consumers hoping to refinance or purchase their first house. The number of Americans signing contracts to buy previously owned homes climbed 6.7 percent in April, largely on cheaper financing costs, according to the National Association of Realtors. http://www.realtor.org/RMODaily.nsf/pages/News2009060201?OpenDocument

This week’s rate increase translates into an additional $31.79 a month for a buyer purchasing the median-priced U.S. home of $170,200 with a 20 percent down payment.

“If people hear that rates are going up, I think they hesitate a little bit,” said Tom Burris, a mortgage banker at Supreme Lending in Dallas. “After a while the reality sets in that 5.5 is much better than 8 percent that we had ten years ago. It’s a good rate, it’s a fair rate.”

Austin: 512-996-8194     Houston: 713-589-2244 

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Mortgage Rates Texas:  What are the home refinance rates in Austin?  Are you interested in the near record low Texas  refinance rates?  Have you been thinking of  refinancing your home mortgage to get a better rate?  Would you like to change your Adjustable Rate Mortgage  to a Fixed Rate Mortgage while mortgage refinance rates are still low?  We can guide you through the process of choosing and getting the best mortgage loan and mortgage rate that meet your needs and goals.  We’re a local Austin mortgage company that can help you today!  Give us a call today!

          We’re in Texas, helping people in Texas!     Austin:  512-996-8194      Houston:  713-589-2244

Texas Mortgage Rates in Austin  as of 04/25/2009
Mortgage Rate                          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    4.625%    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%

Home Mortgage Rates Inch Up

The 30-year fixed hits 5.23% last week, bouncing off lows.

http://money.cnn.com/2009/04/23/news/economy/mortgage_rates/index.htm

NEW YORK (CNNMoney.com) — Home mortgage rates were slightly higher this week, jumping from near record-lows last week, according to a report released Thursday.

The average 30-year fixed mortgage rate jumped to 5.23%, up from 5.18% the previous week, according to Bankrate.com’s weekly national survey.     http://mylendingplace.com/mortgage-rates/

Even with the increase, rates remain at historic lows, the report said.  Rates have plunged since late October, when 30-year fixed home mortgage rates averaged 6.77%.

“Mortgage refinance rates have been comparatively tame in recent weeks, but one exception has been the jumbo mortgage market,” the report said.            

Jumbo loans are considered too large to be purchased or guaranteed by Fannie Mae and Freddie Mac, and they carry higher rates than smaller “conforming” loans that do carry guarantees. 

“Mortgage rates are still higher than they would be in a normal credit environment, but with the slowly thawing credit markets the spread between conforming and jumbo rates has  narrowed to levels last seen in Nov. 2008,” the report said.

http://www.mortgagenewsdaily.com/04232009_fixed_rates_drop_below_arms.asp

Six months ago, the average 30-year fixed mortgage rate was 6.32%, meaning a $200,000 loan would have carried a monthly payment of $1,240.55. With the average 30-year fixed mortgage rate now at 5.23%, the monthly payment for the same size loan would be $1,101.93, meaning homeowners who refinance now would save more than $140 per month.

http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx

Other mortgage rates: The average 15-year fixed rate mortgage ticked up to 4.75% from 4.72% the week prior.

The average jumbo 30-year fixed rate dropped sharply to 6.52% from 6.69% the week prior.

Adjustable rate mortgages were “all over the map,” the report said, with the average 1-year ARM rising to 5.32% while 5/1 ARMs fell to 5.11%.

Interested in Houston Mortgage Rates?  VISIT:  http://houstonhouse.net/mortgage-rates/  Or CALL:  713- 589-2244

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