Texas Mortgage Rates: Today’s Texas Mortgage Rates in Austin

Are you interested in refinancing your current mortgage? Texas refinance rates are still near historic lows. By refinancing at a lower mortgage rate, you could save your family money each month.

Are you interested in a mortgage refinance home equity loan? You could borrow against the equity you’ve built up in your home. Unsure if you qualify? Give us a call, we can help.  We can offer you the guidance you need to find the right options for you and your family.

We’re a local Austin mortgage lender that can offer you the lowest Texas mortgage rates and the lowest closing costs.

Give us a call today!     Austin:  512.996.8194      Houston:  713.589.2244

Today’s Texas Mortgage Rates in Austin as of 12/15/2009
Mortgage Rates                                     Interest Rate    APR 
Texas Conforming Home Loans and FHA Home Loans: 
Today’s 30-Year Fixed Mortgage Rates           5.000%    5.191%
Today’s 30-Year Fixed FHA Mortgage Rates   5.500%    6.245%
Today’s 15-Year Fixed Mortgage Rates           4.375%    4.700%

Texas Conforming Home Loans and FHA Home Loans: 
(Larger Loan Amounts in Eligible Areas)
Today’s 30-Year Fixed Mortgage Rates            5.250%    5.390%
Today’s 30-Year Fixed FHA Mortgage Rates   5.250%    5.924%

Texas Jumbo Home Loans:
(Amounts that exceed $417,000) 
Today’s 30-Year Fixed Mortgage Rates            5.750%    5.895%

Texas Mortgage Refinance Home Equity Loans

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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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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Today’s Low 30 year fixed mortgage rate in Austin: Mortgage refinance rates are at a record low! Are you interested in getting a much lower interest rate than your existing home mortgage loan? Give us a call! We’re a local Austin mortgage company that can help you TODAY! 512-996-8194 

Austin’s Current Rates  as of 03/28/2009          
Mortgage Rate                    Interest Rate      APR
Conforming Loans: 
30-Year Fixed Mortgage Rate   4.625%   4.833%
20-Year Fixed Mortgage Rate   5.000%   5.289%
15-Year Fixed Mortgage Rate   4.500%   4.862%

Texas Jumbo Home 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%

Mortgage Rates Drop To Record Low:             

http://finance.yahoo.com:80/news/Mortgage-rates-drop-to-record-apf-14754632.html

WASHINGTON (AP) — Rates on 30-year fixed mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.

 Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85 percent this week, from 4.98 percent last week. It was the lowest in the history of Freddie Mac’s survey, which dates back to 1971 and was down a full percentage point from a year ago.

http://money.cnn.com/2009/03/26/real_estate/mortgage_rates/index.htm

The previous record low of 4.96 percent was set in the week of Jan. 15. Rates fell after the Fed last week said it will pump $1.2 trillion into the economy in an effort to lower interest rates on mortgages and loosen credit.

Rates on 30-year mortgages traditionally track yields on long-term government debt.

Though the yield on the benchmark 10-year Treasury note initially plunged by about 0.5 percentage points after the Fed’s move, lenders did not pass the entire drop on to borrowers. Bond yields rose after worries about what some saw as lackluster demand at a government debt auction Wednesday.  http://mylendingplace.com:80/mortgage/rates/30-year-fixed-rates/

“There was a honeymoon effect initially” after the central bank’s announcement, said Greg McBride, senior financial analyst with Bankrate.com. “The reality of large government deficits and the need for substantial government borrowing is setting in with investors.”

Mortgage refinance applications surged last week, mostly from borrowers looking to refinance and save money on their monthly payment. The Mortgage Bankers Association said Wednesday its weekly application index climbed more than 30 percent for the week ended March 20.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_7KVrbmxVnQ

Nearly 80 percent of applications came from borrowers seeking to refinance home loans at lower rates, rather than purchase homes.

In Freddie Mac’s survey, the average rate on a 15-year fixed-rate mortgage dropped to 4.58 percent this week, down from 4.61 percent last week.

Rates on five-year, adjustable-rate mortgages fell to 4.96 percent, compared with 4.98 percent last week. Rates on one-year, adjustable-rate mortgages rose fell to 4.85 percent, from 4.91 percent.

The rates do not include add-on fees known as points. The nationwide fee averaged 0.7 point last week for all home mortgages in Freddie Mac’s survey except for one-year adjustable mortgages, which had an average fee of 0.6 point.

Call us in Austin: 512-996-8194 or in Houston: 713-589-2244