Austin Texas Mortgage Rates and Real Estate

How are mortgage rates determined?

The best way to get today’s mortgage rates is to just call us at 512-996-8194.

 Mortgage rates are constantly changing and this makes it difficult when one is buying or refinancing a home.  So how are mortgage rates determined?

 There are really two pieces to mortgage rates.   First, everyday there is a general market price for loans.   This is how Wall Street or “the open market” prices mortgage backed-bonds.

Secondly, there is how your local lender/mortgage broker takes the Wall Street open market rates and offers them to the public.

 The purpose of this article is to discuss how your local lender or bank determines the rate for your specific home loan.     Read the rest of this entry »

Tags: home equity loan texas, Texas Mortgage Rates, texas refinance

30 year fixed Mortgage Rates:  Austin, Texas

What in the world are mortgage rates doing?   Especially 30 year fixed loan rates?  

As you can see in these below mortgage charts, home loan rates aren’t exactly stable right now.  

In fact,  this is the type of market you really should consider working with a Texas mortgage broker (like me!) as opposed to a retail bank.  Why? 

Because mortgage brokers have numerous banks to offer you and should 30-year loan rates go up dramatically during your home’s purchase or refinance-we can take advantage of lower rates by simple using a different bank.   Plus mortgage brokers offer more types of loans than banks such as investment property refinancing or “NO PMI” mortgage. Read the rest of this entry »

Tags: 30 year fixed rates, 30 year rate charts, cash out home loans, investment mortgage refinance, mortgage protection term life insurance, refinance with cash out, Texas Mortgage Broker

Today’s 30 year and 15 year fixed rates | Texas

Today’s Mortgage Rates are at a 30 year low.   So this is the time to buy or refinance your home.   If you’re looking to do a home equity loan, rates are great.   Read the rest of this entry »

Tags: Austin Texas Mortgage, Austin Texas Refinance, home equity loans texas, refinance rates texas, Texas Mortgage Rates

Today’s Austin Current Mortgage Rates | Austin, Texas

30-Year Fixed Mortgage 5.75% 6.099%
20-Year Fixed Mortgage 5.750% 6.048%
15-Year Fixed Mortgage 5.625% 5.999%

Texas Jumbo Home Loans

30-Year Fixed Jumbo 8.500% 8.671%
15-Year Fixed Jumbo 7.750% 8.009%

Mortgage rates went down dramatically today when the Federal Government will take over Fannie Mae/Freddie Mac. 

 If you are looking at property or want to refinance (home equity loans Texas) now may be a great opportunity.

The 15 year mortgage rate is 5.25% whereas last week it was in the 6.00% range.   Read the rest of this entry »

Tags: 15 year fixed rate mortgage, 30 year fixed rate mortgage, austin home loans, home equity loans texas, jumbo home loans texas, jumbo mortgage, Texas Mortgage Rates, texas refinance, texas refinance home loans