Mortgage Refinance Rates: What You Need To Know To Refinance

Austin’s Current Mortgage Refinance Rates:   Call us today: 512-996-8194 we are a local mortgage company that offers “No Point” home loans.   We offer the lowest closing costs loans in Austin.  Remember, loan rates change everyday so call us today and get up-to-the-minute rates!

Mortgage Rates  (Feb. 5)            Interest Rate       APR                       

30-Year Fixed  Mortgage Rates:  5.500%        5.719%                       
20-Year Fixed  Mortgage Rates   6.000%        6.301%
15-Year Fixed  Mortgage Rates   5.375%        5.746%
Austin Jumbo Home Loans – Amounts that exceed $417,000 are jumbo
30-Year Fixed Mortgage Rates     6.625%        6.778%
5-Year ARM                                 6.000%        5.128%

Texas FHA – home loan limits vary by county. 
30-Year Fixed Mortgage Rates     6.000%        6.696%

Texas Mortgage Refinance Home Equity Loan              

Mortgage refinance rates have declined sharply in recent months. Here’s how to take advantage:

http://realestate.yahoo.com/promo/low-mortgage-rates-7-things-you-need-to-know-to-refinance.html

With mortgage rates dropping to record lows, it’s no surprise that more and more homeowners are looking to refinance. Earlier this month, the Mortgage Bankers Association’s refinance index–which tracks (more…)

Mortgage Refinance Texas | Home Equity Loan Rules | Mortgage Chart

 Texas Home Equity Loans | “Cash Out” mortgage Refinance | Austin, Texas

Home equity loans are used when you want to borrow a specific dollar amount against the equity in your home, and are available on both homestead and non-homestead properties. A homestead property is generally considered your primary residence in Texas. A non-homestead property is typically a second/vacation home, or a rental/investment property.

One can pull cash out of their primary residence as well as their investment property.  

The money can be used for a variety of purposes, such as refinancing, home improvements, debt consolidation, vacations, and more.

Texas Mortgage Refinance Application (more…)

Austin Texas Mortgage Refinance Rates | Home Equity Loan | Jumbo Home Loans

Today’s Texas mortgage rates are slightly lower, down .125%.  Today’s 30 year fixed rate is 6.00% and the 15 year rate is 5.5%.  (April 21, 2008)

40-Year Fixed 6.375% 6.573%
30-Year Fixed 6.000% 6.226%
20-Year Fixed 6.000% 6.301%
15-Year Fixed 5.500% 5.873%
5-Year ARM 5.875% 5.711%

Austin Jumbo Loans – Amounts that exceed conforming loan limits of $417,000
40/30 Fixed-Rate Balloon 7.875% 8.025%
30-Year Fixed 7.250% 7.408%
15-Year Fixed 6.500% 6.749% (more…)