Mortgage Rate Update - Sampling of Texas Mortgage Rates

Mortgage rates remained fairly steady over the past week on the heels of mixed economic and housing market news. Freddie Mac noted that the 30 year fixed mortgage rate average inched up a hair moving from 4.51% to 4.52% with .7 points. The 15 year fixed rate average also moved up 0.01% to 3.66% with .7 points. The 5 year treasury indexed ARM average moved in the opposite direction falling from 3.29% down to 3.27% with 0.5 points.

Below is a snapshot of current Texas mortgage rates and closing costs pulled from ForTheBestRate.com this afternoon. Please note that mortgage rates are subject to change without notice. Please visit the site for the criteria used in the survey and connect with the lenders and brokers for customized quotes.

30 Year  Fixed Mortgage Rates (Zero Points)
Amerisave - 4.500% Note Rate - $1995 Fees in APR - 4.586% APR
Quicken Loans - 4.750% Note Rate - $2053 Fees in APR - 4.840% APR
EverBank - 4.375% Note Rate - $752 Fees in APR - 4.407% APR
Aurora Bank - 4.625% Note Rate - $757 Fees in APR - 4.658% APR

15 Year  Fixed Mortgage Rates (Zero Points)
Amerisave - 3.500% Note Rate - $1995 Fees in APR - 3.646% APR
Quicken Loans - 3.875% Note Rate - $2303 Fees in APR - 4.046% APR
EverBank - 3.750% Note Rate - $752 Fees in APR - 4.805% APR
Aurora Bank - 3.500% Note Rate - $757 Fees in APR - 3.555% APR

We spoke to Kelly Decker, who manages the Decker Group Team and serves the greater Dallas marketplace, about the current rate environment. "We had noticed a minor slowdown compared to last month but much of that was due to the days surrounding the weekend of the 4th." He continued, "Purchase demand has been growing and people are still actively looking to capitalize on refinancing opportunities. Overall, things look good."

If you are searching for some of the lowest mortgage rates in the marketplace, be sure to spend a few minutes comparing interest rates, closing cost, and APR information at ForTheBestRate.com.