Bank of America, like most major lenders, knows people want low mortgage rates so they just offer higher fees. Why pay additional points when you don’t have to?
According to Bloomberg.com, rates for Texas 30-year mortgages held at the lowest level on record as fewer Americans sought loans for home purchases.
The average rate for a Texas 30-year fixed loan was unchanged in the week ended today at 3.87 percent, the lowest in records dating to 1971, Freddie Mac said in a statement. The average Texas 15- year rate climbed to 3.16 percent from 3.14 percent, according to the McLean, … Read the rest…
Dallas mortgage rates climbed from the lowest level on record after better-then-expected economic data and optimism that Europe’s debt crisis will be contained drove up yields for the Treasuries that guide home loans.
The average rate for a Dallas 30-year fixed loan increased to 4.12 percent in the week ended today from 3.94 percent, Freddie Mac said in a statement today. That was the lowest … Read the rest…
Texas mortgage rates inched up this week after they had dropped for eight consecutive weeks and reached their lowest levels in decades. That’s not what the Fed expected, but for now the eurozone, not the Fed, is calling the shots in the mortgage world.… Read the rest…
We specialize in NO PMI home loans. In fact, we just priced a No-PMI refinance for one of our clients who was refinancing at 95% and his rate was 3.875-4%. So, you can buy a home with No-PMI and still get a 15-year fixed mortgage at the 4% level. These are today’s mortgage rates.
In Texas, No PMI mortgage loans are usually .125% higher than loans without PMI … Read the rest…
The rate on the most common type of mortgage set a record low this week, as investors were hit with more bad economic news. The super-low Austin mortgage rates may become the new norm, mortgage analysts say.
The benchmark 30-year fixed-rate mortgage fell 4 basis points this week, to 4.41%, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. … Read the rest…
Texas fixed mortgage rates fell to at or near record lows. That’s good news for the few who can afford to buy a home or are able to refinance.
Freddie Mac says the average rate for the 30-year fixed mortgage fell to 4.32 percent this week from 4.39 percent. The 30-year loan hit a record low of 4.17 percent in mid-November.… Read the rest…
The average rate on a 15-year fixed mortgage has fallen to a record low, leading to an increase in refinancing applications. But cheaper loans are unlikely to lift the struggling housing market or boost the weak economy.
The rate on the 15-year loan, a popular refinancing option, dropped to 3.54 percent this week from 3.66 percent last week, Freddie Mac said Thursday. That’s the … Read the rest…
Texas Mortgage Rates: Texas mortgage rates hold steady
Texas mortgage rates were again little changed over the past week, as readings on the U.S. economy continued to show mixed signals, according to Freddie Mac’s weekly survey of mortgage rates.
“Macroeconomic data released this week were a mixed bag,” said Freddie Mac Chief Economist Frank Nothaft. “On the positive side, the index of leading indicators in June rose for the second consecutive month, beating the … Read the rest…
Today’s mortgage rates were little changed, keeping borrowing costs close to the lowest level for the year as talks dragged on for an agreement to extend the federal debt limit.
The average rate for a 30-year fixed loan increased to 4.52 % in the week ended today from 4.51 %, according to Freddie Mac. The average 15-year fixed mortgage rate rose slightly to 3.66% from 3.65 % a … Read the rest…
