30 year fixed mortgage rates | 30 year mortgage Charts
Posted by: admin in 30 15 year fixed mortgage rates
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.
For example, let’s say Countrywide Mortgage had the lowest 30 year fixed rates in Texas and then rates suddenly spiked. What would you do?…most retail banks only offer one set of programs (don’t expect Wells Fargo to show you Countrywide programs).
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But as a mortgage broker I could move your loan to Wells Fargo, or vice versa without paying a re-locking penalty. Working with a mortgage broker helps you take advantage of sudden mortgage spikes. You simply have more choices with a Texas Mortgage Broker.
Let’s see what the 30 year home rates are doing. Notice how rates were down in the 5%-range during the first part of October-but went almost straight up to 6.375%. And notice how the 15 year rates went up as well, almost more dramatically than the 30 year rates!
But as a whole mortgage rates are still good. And if your goal is to do a home equity loan on a fixed rate, get out of debt, today’s rates are much better than paying high interest credit card debt. Call us today so we can just show you how a home equity loan refinance can dramatically lower your bills.
We specialize in “NO PMI home loans” and cash out refinancing, so call today. We never charge application fees!
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http://mylendingplace.com/mortgage/rates/30-year-fixed-rates/
Looking for a 80/15 or 80/10, NO PMI home loan? Call us today at 512-996-8194 or click on the green button and apply today.
We also do Investment Mortgage Refinancing, even cash out investment mortgage loans.
Note: Mortgage Protection Insurance is not the same as PMI or private mortgage insurance. Mortgage protection insurance is an affordable term life insurance policy you buy that never goes down in value/benefit and never goes up in price. Then if the main-breadwinner were to die or become disabled then the term life policy pays your home off. Visit www.texastermlife.com
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