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/

We’re in Texas, helping people all over Texas! Give us a call today! Austin: 512-996-8194 Houston: 713-589-2244

      Interested in Term Life Insurance in Texas? Click here for a FREE quote!

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/