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

Need a FREE Texas Term Life Insurance quote?  Visit: http://texastermlife.com/life-insurance-quote/

Texas Mortgage Rates: What are Austin’s current home refinance rates?  Interested in refinancing an existing home mortgage?  Interested in a new home mortgage loan? We can help y0u get the lowest Texas mortgage rate.  We’re a local Austin mortgage company assisting people all over Texas.  We are 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 05/12/2009

Texas Conforming Home Loans:  
Today’s 30-Year Fixed Mortgage Rates    4.875%   5.086%
Today’s 20-Year Fixed Mortgage Rates    4.875%   5.163%
Today’s 15-Year Fixed Mortgage Rates    4.500%   4.862%

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

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

Today’s Texas Mortgage Refinance Home Equity Line

Mortgage rates moving back up

By Jerry Kronenberg
Monday, May 11, 2009

http://www.bostonherald.com/business/real_estate/view/2009_05_11_Mortgage_rates_moving_back_up/srvc=home&position=also

Procrastinators beware: Home mortgage rates are beginning to rebound from record lows as the U.S. economy shows more and more signs of stabilizing.

“Rates are still low, but they’ve moved up from the super-low point they hit a few weeks back,” said Greg McBride of market-tracker Bankrate.com.  http://www.bankrate.com/mortgage.aspx

Average conforming-loan rates shot up a quarter-point in just two days last week, hitting 5.5 percent on Friday for zero-point fixed-rate mortgages given to well-qualified applicants. That’s up 0.375 points from an all-time-low 5.125 percent average rate Bankrate.com recorded early last month.

Locally, mortgage brokers say customers with excellent finances can still get mortgage rates as low as 4.875 percent, but that’s up from about 4.625 percent early last week. Home mortgage rates began moving upward Thursday after federal officials reported a drop in initial jobless claims and announced that most big U.S. banks had passed new government “stress tests.”

http://mylendingplace.com/mortgage/rates/texas/

Then, the Labor Department reported Friday that America lost 539,000 non-farm jobs in April - 61,000 less than many analysts had forecast. The three better-than-expected reports pushed mortgage rates higher as lenders priced in a possible economic recovery that could raise loan demand and increase inflation. “The economic glass is now being seen as half full instead of half empty,” McBride said.

Although the analyst expects rates to fluctuate in coming months, McBride recommends would-be borrowers not wait to see if interest levels drop back downward. After all, McBride said today’s rates are still well below the market’s 7.5 percent long-term average. In addition, he said, some refinancers who qualify for loans today might not do so tomorrow if home values keep falling.  http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az4_Z53jx4zE

“People who wait to refinance could win the battle but lose the war,” McBride said. “If the value of your house drops and you no longer qualify to refinance, it doesn’t matter how low mortgage rates go.”

Live in Houston?  Give us a call:  713-589-2244  or Visit:  http://houstonhouse.net/mortgage-rates/

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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/