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 »

Today’s Austin Texas Mortgage Refinance Rates | Current Austin Mortgage Rates | Refinance  Tx | Jumbo Rates Tx

I’m not trying to start any rumors but it seems ever since the Pope’s US visit Texas mortgage rates have gone up.  Hmmm….  About .125 each day since mid-last week.

I made a few calls to the Vatican about this and I got the typical “no comment” reply.  Then they asked if I offered Home Equity Loans on “Church Properties.”  I said no.  

Today’s 30 year rate is bouncing between 6.00-6.25%, however the average “contracted rate is around 6.5%.    What is the average contracted rate?  This is the actual mortgage rate most people get–or contract with their bank or broker.  If you don’t have a 680 credit score and don’t have 10% to put down, expect slightly higher mortgage rates. 

Today’s 15 year rate is lower, 5.875% and today’s Texas jumbo mortgage rate is 7.5%.    So naturally we want to do an 80/10 or 80/15 to avoid jumbo rates.    Please call me at 512-996-8194 so we can talk about your mortgage or refinance.    Read the rest of this entry »

Austin Texas Home Equity Loan  Rates| Austin Investment Refinance Rates| Austin Mortgage Refi Rates | Texas Mortgage Rates 

In Texas you can refinance you’re home as well as your investment property.   And with low mortgage rates, lots of people are doing just that.

When it comes to refinancing, you have two options.   A “rate and term” refinance or a home equity loan “cash out” refinance.

With a home equity loan you pull equity out of your home or investment property.

Most people refinance to get a lower rate; this is called a “rate and term” refinance.  One is keeping the same loan amount, they are just lowering or changing the rate or term of the mortgage…. Read the rest of this entry »