Today’s Current Mortgage Rates | Mortgage Home Loan Refinance | Austin Dallas Houston Lubbock Refinance Rates

May 30, 2008

If you have a Texas Zip code we can help you with your home loan or refinance.

Today’s Mortgage Rates: (Texas)

30-Year Fixed Rate 6.375% 6.606%
20-Year Fixed Rate 6.375% 6.680%
15-Year Fixed Rate 5.875% 6.252%
5-Year ARM Rate 5.750% 5.740%
Texas Jumbo Home Loans – Amounts that exceed conforming loan limits $417,000
40/30 Fixed-Rate Balloon 8.250% 8.404%
30-Year Fixed 7.750% 7.913%
15-Year Fixed 6.625% 6.875%
Remember, good economic news tends to make mortgage rates go up and bad economic news tends to make mortgage rates go down.

Current Mortgage Rates | Mortgage Home Loan Refinance | Austin Dallas Houston Lubbock Refinance Rates

For example, right after 9-11–the economy took a major hit. And mortgage rates when down to the 4% range; sparking the refinance boom.

Lately, there have been several positive economic reports such as a .9% increase in the GDP. So guess what mortgage rates did–they went up? Good economic news, mortgage rate go up…

If you are thinking of buying or refinancing a home, this is a great time as mortgage rate might continue to go up. We also help people do home equity cash out refinancing on investment property.

Mortgage Home Loan Refinance Application

PHONE: 512-996-8194

http://biz.yahoo.com/ap/080529/economy.html

Category Posted in Today's Current Mortgage Rates