Posts Tagged ‘Current rates’
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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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/
Today’s Mortgage Refinance Rates, Austin Texas: Are you interested in the current record low mortgage refinance rates? Would you like to refinance your existing home mortgage loan at a lower mortgage refinance rate? We’re a local Austin mortgage refinance company that can help you today! We have successfully helped people all over Texas with their mortgage refinance needs. We can help you. Give us a call today!
Austin: 512-996-8194 Houston: 713-589-2244
Austin’s Current Rates as of 04/07/2009 
Mortgage Rate 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%
FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Texas Mortgage Refinance Home Equity Loan 
Bernanke Easing Mortgage Refinance Rates for Consumer Rebound:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBk3iO3J9Ed4
April 3 (Bloomberg) — U.S. Federal Reserve Chairman Ben S. Bernanke is delivering what he promised five months ago, record-low mortgage rates and a mortgage refinancing boom that’s putting cash in consumers’ pockets.
Fixed 30-year mortgage rates fell to a record low for the second consecutive week last week, hitting 4.78 percent, Freddie Mac said yesterday in a statement. The interest rates are the lowest in records dating to 1971, and come after Bernanke told Congress in November that helping the most creditworthy borrowers was essential to reviving the economy.
Mortgage refinance applications in the U.S. rose for the fourth straight week last week as a decline in borrowing costs spurred homeowners to refinance existing home loans, while purchases of new houses unexpectedly rose in February. The Fed’s effort to bring down fixed rates may give consumers as much as $25 billion, said Mark Zandi, chief economist of Moody’s Economy.com.
http://www.economy.com/default.asp
“It certainly gives further fuel to consumer spending,” said Nicolas Retsinas, director of Harvard University’s Joint Center for Housing Studies in Cambridge, Massachusetts. “It puts more money into circulation.”
http://www.bankrate.com/finance/mortgages/interest-rate-roundup-april-2-2009.aspx
The extra cash may help boost first-quarter consumer spending by 1 percent to 1.5 percent, said Barton Biggs, managing partner at New York-based hedge fund Traxis Partners LLC. Consumer spending accounts for about two-thirds of the U.S. economy. http://mylendingplace.com/mortgage-rates/
Give us a call TODAY! We can help you TODAY! Austin: 512-996-8194 Houston: 713-589-2244
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Current 15 Year Fixed Mortgage Rates, Austin Texas: Interested in the current low mortgage refinance rates? Unsure what type of mortgage refinance loan best suits your needs? Have questions? We can answer all your mortgage refinance questions. Give us a call today!
Austin: 512-996-8194 Houston: 713-589-2244
Austin’s Current Rates as of 04/02/2009 
Mortgage Rate Interest Rate APR
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%
Jumbo 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%
U.S. MBA’s Mortgage Applications Index Rose 3 Percent Last Week
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRmsnYYZvXsQ
April 1 (Bloomberg) — Mortgage applications in the U.S. rose for a fourth consecutive week as a decline in borrowing costs prompted more mortgage refinancing.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan rose 3 percent to 1,194.4 in the week ended March 27 from 1,159.4 the prior week. The group’s refinancing gauge gained 3.7 percent, following a 41 percent gain the prior week, and its purchase inde rose 0.1 percent.
Government plans to step up purchases of mortgage-backed securities sent borrowing costs toward historic lows last week, prompting homeowners to refinance their mortgages to cut their payments. Still, rising unemployment and slumping consumer confidence signal the housing recession may last all year.
“Mortgage refinance rates are coming down and refinancings are going to spring back,” Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report. Still, “you have to be confident in your job and income prospects to buy a home and confidence is sorely lacking.”
http://www.mortgagenewsdaily.com:80/mortgage_rates/blog/65101.aspx
The refinancing gauge climbed to 6,600.1 last week from 6,363.2, today’s report showed. The mortgage bankers’ purchase index increased to 268 last week from 267.8 the previous week, today’s report showed.
The share of applicants seeking to refinance loans rose to 80.4 percent of total applications from 78.5 percent.
The average rate on a 30-year fixed-rate loan fell to 4.61 percent, the lowest level since the mortgage bankers group began records in 1990, from 4.63 percent the prior week.
http://money.cnn.com/2009/03/31/real_estate/January_Case_Shiller/index.htm
The Federal Reserve last month announced a plan to increase purchases of mortgage-backed securities this year by as much as an additional $750 billion, adding to the $500 billion it pledged between January and June. The central bank also will buy as much as $300 billion in Treasuries during the next six months.
At the current 30-year mortgage rate, monthly borrowing costs for each $100,000 of a loan would be about $513, or $71 less than the same week a year earlier, when the rate was 5.76 percent.
The average rate on a 15-year fixed mortgage fell to 4.45 percent from the prior week’s 4.48 percent. The rate on a one- year adjustable mortgage fell to 6.2 percent from 6.21 percent.
http://mylendingplace.com:80/mortgage/rates/30-year-fixed-rates/
Home sales are showing some signs of approaching a bottom. Sales of previously owned homes unexpectedly increased 5.1 percent in February from the prior month, while purchases of new homes rose by 4.7 percent.
“Lower interest rates together with seasonal trends have clearly moved sales higher in the past few weeks,” Stuart Miller, chief executive officer of Lennar Corp., the fourth-largest U.S. homebuilder by revenue, said on a conference call yesterday. Lennar posted a bigger-than-forecast second quarter loss, the company said.
Give us a call today! Austin: 512-996-8194 Houston: 713-589-2244
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