Today’s Mortgage Rates: (Texas)

30-year fixed rate 6.375% 6.606%

20-year fixed rate 6.375% 6.680%

15-year fixed rate 5.875% 6.252%

5-year ARM rate 5,750% 5,740%

Texas Giant Mortgage Loans – Amounts exceeding $ 417,000 conforming loan limits. Remember that a jumbo home loan is a home loan that exceeds $ 417,000. Typically, if the customer has good enough credit, I’d like to do an 80/20 or an 80/15 to keep the first link under $ 417,000.

However, today’s giant mortgage rates are:

Fixed rate balloon 40/30 8.250% 8.404%

30-year fixed 7,750% 7,913%

15-year fixed 6.625% 6.875%

Remember, good economic news tends to drive up mortgage rates and bad economic news tends to drive down mortgage rates.

Current Mortgage Rates * Home Loan Refinancing * Austin Dallas Houston Lubbock * Refinancing Rates

For example, just after 9/11, the economy took a major hit. And mortgage rates when they are below the 4% range; causing the refinancing boom.

Lately, there have been several positive economic reports, such as a .9% increase in GDP. So guess what mortgage rates went up? Good economic news, the mortgage rate goes up …

If you are considering buying or refinancing a home, this is a good time, as the mortgage rate could continue to rise. We also help individuals complete home equity cash refinancing of investment properties.

If you want to refinance an investment property or withdraw equity (cash) from your investment home, complete this mortgage application.

Or give us a call at 512-996-8194 and let’s discuss your goals. You never have to talk to us and we’ll even send you a free copy of your credit report.