Texas Mortgage Loans: What are today’s 30-year fixed mortgage loan rates in Austin?  Are you interested in finding the best Texas mortgage loan rates and the lowest closing costs from a “No Point” lender?  We’re a local Austin mortgage company that’s been helping people all over Texas accomplish their mortgage refinance needs and goals. Give us a call today!

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

Texas Mortgage Loan Rates in Austin as of 06/16/2009
Mortgage Rate                                   Interest Rate APR 
Texas Conforming Home Loans and FHA Home Loans: 
Today’s 30-Year Fixed Mortgage Rates          5.500%  5.697%
Today’s 30-Year Fixed FHA Mortgage Rates  6.000%  6.773%
Today’s15-Year Fixed Mortgage Rates           5.125%  5.457%

Texas Conforming Home Loans and FHA Home Loans: 
(Larger Loan Amounts in Eligible Areas)
Today’s 30-Year Fixed Mortgage Rates          5.750%  5.895%
Today’s 30-Year Fixed FHA Mortgage Rates  6.000%  6.714%

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

30-year mortgage rate held steady on Friday

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1251256220090612

NEW YORK, June 12 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages stayed steady at 5.64 percent late Friday, according to real estate Website Zillow.com. A week earlier, however, the mortgage rate was around 5.40 percent, according to Zillow Mortgage Marketplace. The rate was sharply higher than the roughly 5.00 percent level seen at the end of May and at the beginning of this year, Zillow said.  http://www.zillow.com/Mortgage_Rates/

Higher rates should hurt home purchase activity, and it has already collapsed home loan refinancing. Alan Rosenbaum, president of Guardhill Financial, a New York City-based mortgage banker and brokerage company, said that while they had predicted for several months that mortgage refinance rates were going to rise, they have been surprised by the velocity of the surge. “Higher rates will be devastating to the rebound in the housing market,” he said.

“The consumer is very nervous about purchasing a home at this time and the lower mortgage loan rates were giving them the extra boost of affordability,” he said. The housing market is being driven now primarily by first time home buyers who are very sensitive to mortgage rates, he said.  http://www.mortgagenewsdaily.com/consumer_rates/

“If first time home buyers remain on the sidelines, foreclosures will continue to rise and values would then continue to drop throughout the country resulting in further national wealth destruction,” he said. The battered U.S. housing market, which is in the midst of its worst downturn since the Great Depression, is both the source of and a major casualty of the credit crisis. A setback for the market could hamper a turnaround of the U.S. economy.   http://www.mylendingplace.com/mortgage-rates/

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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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Texas Mortgage Refinance Rates:  Should you refinance your Austin home mortgage?  The current Texas home mortgage rates have increased slightly from their record lows. If you’ve been thinking of home mortgage refinancing, you need to act NOW!  We’re a local Austin mortgage company that can assist you with your new home mortgage or existing home mortgage refinance. Give us a call today and we’ll get started today! 

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

                                           Austin’s Current Mortgage Refinance Rates as of 6/02/09
                                                  Mortgage Rate                                          Interest Rate       APR
Texas Conforming Home Loans: 
Current Texas 30-Year Fixed Mortgage Rate    5.375%     5.593%
Current Texas 20-Year Fixed Mortgage Rate    5.500%     5.795%
Current Texas 15-Year Fixed Mortgage Rate    4.875%     5.241%

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

Texas FHA Home Loans: (loan limits vary by county)
Current Texas 30-Year Fixed Mortgage Rate    5.500%     6.170%

Texas Mortgage Refinance Home Equity Loans

Give us a call today!     Austin: 512-996-8194     Houston: 713-589-2244

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Mortgage Rates Texas: Are home refinancing rates increasing in Austin?  Are you interested in the current Texas home refinance rates?  Are you in interested in refinancing at a lower mortgage rate?  We’re a local Austin mortgage company helping people all over Texas accomplish their mortgage refinance goals. Give us a call today!  Austin: 512-996-8194  Houston: 713-589-2244

Today’s Austin Mortgage Rates as of 05/29/2009 
Mortgage Rate                     Interest Rate  APR
Texas Conforming Home Loans 
Today’s 30-Year Fixed Rate   5.375%   5.593%
Today’s 20-Year Fixed Rate   5.375%   5.669%
Today’s 15-Year Fixed Rate   4.875%   5.241%

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

Texas FHA Home Loans: (loan limits vary by county) 
Today’s 30-Year Fixed Rate   5.500%   6.170%

Texas Mortgage Home Equity Loan

Mortgage applications fell 14.2% last week:

http://www.marketwatch.com/story/mortgage-applications-fell-142-last-week-mba

(MarketWatch) — Mortgage applications filed last week fell a seasonally-adjusted 14.2% last week, compared with the week before, as rates on 30-year fixed-rate mortgages ticked up, according to the Mortgage Bankers Association’s weekly survey, released on Wednesday. Applications were up 28.5% for the week ended May 22, compared with the same week in 2008. The MBA survey covers about one-half of all U.S. retail residential mortgage applications.

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

Refinance applications were down an unadjusted 18.9% last week, compared with the week before. Applications for mortgages to purchase a home were up a seasonally adjusted 1.0%, compared with the previous week. The four-week moving average for all mortgages was down 4.7%.  http://www.mylendingplace.com/mortgage-rates/

Applications to refinance an existing loan made up a 69.3% share of all activity, compared with 73.6% the previous week. And applications for adjustable-rate mortgages made up a 2.6% share of all activity, up from 2.4% the previous week.

Rates on 30-year fixed-rate mortgages averaged 4.81% last week, up from 4.69% the previous week, with average points increasing to 1.28 from 1.13. A point is 1% of the mortgage amount, charged as prepaid interest.

http://www.zillow.com/Mortgage_Rates/

Fifteen-year fixed-rate mortgages averaged 4.44%, unchanged from last week, with points increasing to 1.16 from 1.01. And 1-year ARMs averaged 6.55%, up from 6.38%, with points increasing to 0.12 from 0.10.

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