Today’s Mortgage Rates: (Texas)
Fixed Rate 30 Years 6.375% 6.606%
Fixed Rate 20 Years 6.375% 6.680%
Fixed Rate 15 Years 5.875% 6.252%
5-year ARM rate 5.750% 5.740%
Texas Jumbo Mortgage Loans: Amounts Exceeding Conforming Loan Limits $417,000. Remember that a jumbo mortgage loan is a mortgage loan that is greater than $417,000. Typically, if the client has good enough credit, I’d like to do an 80/20 or 80/15 to keep the first lien under $417,000.
However, today’s jumbo mortgage rates are:
40/30 Fixed Rate Globe 8.250% 8.404%
Fixed at 30 years 7.750% 7.913%
Fixed at 15 years 6.625% 6.875%
Remember, good economic news tends to drive mortgage rates up and bad economic news tends to drive mortgage rates down.
Current Mortgage Rates * Mortgage Loan Refinancing * Austin Dallas Houston Lubbock * Refinancing Rates
For example, just after 9/11, the economy took a hit. And mortgage rates when they drop to the 4% range; triggering the refinancing boom.
Lately, there have been several positive economic reports, such as a 0.9% increase in GDP. So guess what mortgage rates went up? Good economic news, the mortgage rate goes up…
If you’re thinking of buying or refinancing a home, now is a good time as your mortgage rate could continue to rise. We also help people do cash back home equity refinances on investment properties.
If you want to refinance an investment property or withdraw equity (withdraw cash) from your investment home, complete this mortgage application.
Or call us at 512-996-8194 and let’s talk about your goals. There is never an obligation to talk to us and we will even send you a free copy of your credit report.