Current Texas Mortgage Rates.*´¯`*Austin, Dallas, Houston, El Paso

Date August 22, 2008

Texas Mortgage Rates:  Today’s Current Rates, buying or refinancing a home

Today’s current 30 year fixed mortgage rate is 6.5% and today’s 15 year mortgage rate is 6.00%.   

Phone:  512-996-8194

30-Year Fixed Mortgage Rate 6.375% 6.733%
20-Year Fixed Mortgage Rate 6.500% 6.807%
15-Year Fixed Mortgage Rate 6.000% 6.378%
5-Year ARM 6.125% 5.967%

Texas Jumbo Loans – Amounts that exceed conforming loan limits1 
30-Year Fixed 8.375% 8.545%
15-Year Fixed 7.750% 8.009%
10-Year ARM 8.125% 7.463%

TexasFHA – loan limits vary by county. 
30-Year Fixed 7.500% 8.318%

**All rates reflect 10% down (80/10) with a 700 credit score. Full Income Documentation.   We offer up to 97% home loans.

Today’s current mortgage rates-is this a good time to buy/refinance?

Date July 28, 2008

Today’s Current Mortgage Refinance Rates Texas;

todays current mortgage rates texas austin houston Today’s Mortgage Rates: Should you refinance or do a home equity?

This morning (July 28, 2008) rates are about the same as last week.  However, the mortgage market may see higher rates this week.   

Over 72% of companies filing quarterly earnings showed positive or better than expected earnings.  This drove mtg rates higher   (See yahoo mtg news article below)

And Remember, positive economic news tends to make rates go up whereas negative news tends to make mortgage rates go down.

30-Year Fixed Mortgage Rate:  6.625% 6.860%
20-Year Fixed Mortgage Rate: 6.625% 6.933%
15-Year Fixed Mortgage Rate: 6.250% 6.631%

PHONE: 512-996-8194 (we help people all over Texas)

Texas Mortgage Refinance Application

Texas Jumbo Home Loans

30-Year Fixed 8.500% 8.671%
15-Year Fixed 7.875% 8.135% Read the rest of this entry »

Texas Jumbo Home Loan Rates-who has the lowest rates in TX?

Date July 26, 2008

current mortgage rates texas jumbo home loansCurrent Mortgage Rates Texas:  Jumbo Home Loans Rates

While today’s 30 year mortgage rates are good (6.625%),  and the 15 year mortgage rates are better (6.25%) the jumbo home loans are crazy high!  

The current mortgage market just doesn’t like non-conforming loans or mortgages that don’t conform to Fannie Mae or Freddie Mac.   

These two giants truly wag the dog… Read the rest of this entry »

Texas: How are mortgage refinance rates calculated?

Date July 26, 2008

Texas:  How are mortgage / refinance rates calulated?

mortgage calculator texas home loan refinanceI get this phone question a lot.   “Hi, I’m Bob, and I’m from Somewhere, Texas and I want to know what today’s mortgage rate is?

 

It’s a good question.   How are rates calculated?- and why would someone get a different rate than another person—even if they both have identical credit scores? 

 

 

Some people think mortgage rates are only based on credit scores but there’s actually a lot more to it.

 

  Read the rest of this entry »