Texas Mortgage Rates: Homeowner’s rush to refinance
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.
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