Texas Mortgage Rates: Homeowner’s rush to refinance

http://www.bankrate.com/finance/news/mortgage-refinancers-rush-to-duck-fee-hike.aspx

Texas mortgage rates remained near record lows this week as a wave of refinancers rushed to beat higher mortgage fees that could soon make the most common type of mortgage slightly more expensive for borrowers.

The benchmark Texas 30-year fixed-rate mortgage remained unchanged this week at 4.18 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week’s survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 4.95 percent; four weeks ago, it was 4.2 percent.

The benchmark Texas 15-year fixed-rate mortgage rose 1 basis point to 3.39 percent. A basis point is one-hundredth of 1 percentage point. The benchmark 5/1 adjustable-rate mortgage rose 2 basis points to 3.06 percent.

We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Austin:  512-996-8194        Dallas:  972-325-2120      Houston:  713-589-2244      El Paso: 806-853-9109

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

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Today’s Texas 30 year / 15 year fixed mortgage rates

Today, Bank  of America is offering  Texas 30-year fixed mortgage rates  at 4.125%  with 1.00% buy-down points and offering  Texas 15-year fixed mortgage rates at 3.250% with 1.00% buy-down points.

Bank of America, like most major lenders, knows people want low mortgage rates so they just offer higher fees. Why pay additional points when getting your mortgage rate when you don’t have to? At Mylendingplace.com, we can get you the same low Texas mortgage rates without charging  you additional points.

Unlike major lenders like Bank of America, Wells Fargo and Chase, we’re a  “No Point” lender! View our closing costs here!

We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Austin:  512-996-8194        Dallas:  972-325-2120      Houston:  713-589-2244      El Paso: 806-853-9109

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find Mylendingplace.com on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

Texas Refinance: What are the current Texas mortgage rates?

Texas mortgage rates hit a new historic low this week, averaging 3.89% for 30-year fixed-rate loans and beating the previous record of 3.91%,  according to weekly survey data released Thursday by Freddie Mac.

Texas mortgage rates remain well below where they were this time last year. The average rate for a 30-year fixed-rate mortgage has remained below 4% for six straight weeks. The average for Texas 15-year fixed-rate mortgages, which many homeowners are using to refinance existing loans, has also dropped to 3.16% ….down from 3.23%.

We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Austin:  512-996-8194        Dallas:  972-325-2120     Houston:  713-589-2244      El Paso:  806-853-9109 

 Texas Mortgage Rates as of 1/16/2012
   Mortgage Rates                               Interest Rate    APR 
Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates              3.875%     4.054%
30-Year Fixed FHA Mortgage Rates    3.750%    4.705%
15-Year Fixed Mortgage Rates              3.125%    3.438%

 If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Texas Refinance: Texas 30-Year Mortgage Rate Plumbs New Low at 3.71%

http://online.wsj.com/article/BT-CO-20120110-711379.html

Real-estate website Zillow Inc. said Tuesday its real-time rate on 30-year fixed mortgages fell again to yet another low in the last week. Zillow said the 30-year fixed mortgage rate on its Mortgage Marketplace is at 3.71%, down from 3.73% a week earlier. The company said the 30-year fixed mortgage rate moved between 3.7% and 3.74% for the majority of the last week, dropping to 3.67% percent on Monday before rising to the current rate this morning. http://www.zillow.com/

It’s the second week in a row that the Tuesday snapshot rate was the lowest the company has reported since the Zillow Mortgage Marketplace was launched in 2008. Many mortgage trackers have reported rates at or near historic lows lately. Worries about European debt have been keeping yields on U.S. Treasury bonds low. Mortgage rates tend to follow the yields. http://www.mylendingplace.com/

Erin Lantz, director of Zillow Mortgage Marketplace, noted Tuesday that so far this year has garnered “lower mortgage rates than most ever thought were possible,” adding that rates are likely going to remain close to these record low levels in the near term. “Look for rates to stay in this historically low range and possibly drop further if new concerns emerge around the European debt crisis,” Lantz said.

Tuesday, Zillow also said that the rate for a 15-year fixed home loan is at 3.03% from 3.07% a week earlier. The rate for a 5-1 adjustable-rate mortgage is 2.59%, down from 2.65%; a 5-1 ARM has an initial rate that applies for the first five years of the loan and then adjusts annually. Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers through the company’s site.

Austin:  512-996-8194        Dallas:  972-325-2120     Houston:  713-589-2244     El Paso:  806-853-9109

 If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find Mylendingplace.com and our reviews on Yelp: http://www.yelp.com/biz/my-lending-place-austin