Mortgage Refinance Rates Texas | Austin, Texas | Home Equity Loan Refinance

Today’s mortgage rates (Austin, Texas) are down this week.    The currrent 30 year mortgage rate is 5.875% and today’s 15 year mortgage rate is 5.5%.  In the past month the 30 year rate has gone bounced between 5.5%-6%.

40-Year Fixed 6.375% 6.573%
30-Year Fixed 5.875% 6.099%
20-Year Fixed 5.875% 6.174%
15-Year Fixed 5.500% 5.873%
5-Year ARM 5.375% 5.593%
Austin Jumbo Home Loans – Amounts that exceed conforming loan limits of $417,000
40/30 Fixed-Rate Balloon 7.500% 7.647%
30-Year Fixed 7.125% 7.282%
15-Year Fixed 6.250% 6.498%
If you’re considering a home equity loan refinance (to consolidate debt into one single payment) rates are much better than even the best credit card rate.   My typical cash out home loan client saves around $400/month-$600.    Read the rest of this entry »