Currently, Bank of America’s 30-year fixed mortgage rates are around 4.375%  but… notice how they will charge you an additional 1.125%. We can get you the same low mortgage rates without charging you additional points! Why pay additional points if you don’t have to? Unlike most major lenders like Bank of America, Wells Fargo and Chase, we’re a “No Point” lender! Take a look at our straight forward closing costs here!

We’re a local Houston mortgage lender that’s been helping people all over Texas accomplish their mortgage refinance needs! We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Houston:  713-589-2244     Dallas:  972-325-2120     Austin:  512-996-8194

Houston Mortgage Refinance Rates as of 06/06/2011
Mortgage Rates                                Interest Rate   APR 
Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates              4.500%    4.686%
30-Year Fixed FHA Mortgage Rates   4.375%     5.385%
15-Year Fixed Mortgage Rates              3.625%     3.943%

 If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

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As mortgage rates continue to fall, so too are home sales. That wouldn’t make sense in a normal housing market, but these are very unique times. Credit, or lack thereof, coupled with extremely weak consumer confidence is keeping potential buyers on the fence. http://www.cnbc.com/id/43193955

Contracts to purchase existing homes plunged a far weaker-than-expected 11.6 percent in April, the heart of the spring housing season. The National Association of Realtors’ Pending Home Sales Index is now 26 percent below its cyclical high in April of 2010, which was the deadline for the now-expired home buyer tax credit. http://www.coffeemortgage.com/

“The pullback in contract signings is disappointing and implies a slower than expected market recovery in upcoming months,” said NAR chief economist Lawrence Yun. The drop in new contracts comes as mortgage rates continue to fall, just last week to the lowest level of the year so far. Freddie Mac reported 4.60 percent on the 30-year fixed mortgage, but analysts say even that’s not enough to move this tough housing market.

“Because mortgage rates have been so historically low for so long, the law of diminishing of returns has set in with respect to the low rates being the main influence and catalyst in purchasing a home,” says Peter Boockvar of Miller Tabak. “Pricing, job outlook and access to credit will remain the key factors influencing the decision to buy a home, and I don’t think those reasons will superseded by another move down in mortgage rates in getting a buyer off the fence,” Tabak went on to say.

Whether you’re interested in a new home mortgage or refinancing an existing home mortgage, we can help! We’re a local Houston mortgage lender that’s been helping people all over Texas! Give us a call today!

Houston: 713-589-2244     Dallas: 972-325-2120     Austin: 512-996-8194

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find mylendingplace.com and their reviews on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

http://abcnews.go.com/Business/wireStory?id=13637873

Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans.

Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.61 percent. That’s down from 4.63 percent and the lowest level since mid-December. The average rate on the 15-year fixed mortgage, a popular refinance option, slipped to 3.80 percent from 3.82 percent. That marked the lowest point since late November.

Rates track the yield on the 10-year Treasury note, which fell to the lowest level of the year this week. Low mortgage rates haven’t been enough to jumpstart the weak housing market. Fewer people bought previously occupied homes in April, the National Association of Realtors said Thursday. Sales fell to a seasonally adjusted annual rate of 5.05 million units, far below the 6 million homes a year that economists consider a healthy market. http://www.mylendingplace.com/mortgage/

However, the number of borrowers looking to refinance is now at the highest level since the second week of December, according to the Mortgage Bankers Association. Refinance activity has increased 33 percent over the last five weeks, mirroring the steady decline in rates.

Interested in mortgage refinancing? We’re a local Houston mortgage lender that can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Houston:  713-589-2244     Dallas:  972-325-2120     Austin:  512-996-8194

 If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

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http://online.wsj.com/article/BT-CO-20110512-713709.html

Mortgage rates, including the average rate on 30-year fixed mortgages, declined again this week, according to Freddie Mac’s weekly survey of mortgage rates.

“Mortgage rates continued to decline this week following a mixed employment report,” Freddie Chief Economist Frank Nothaft said, noting the economy added the most workers in 11 months in April, though the unemployment rate rose to 9%, its highest reading since January. http://www.coffeemortgage.com/

Rates had slumped for much of last year, setting record lows in the process, as yields on Treasurys slid amid economic uncertainty. Before recent declines, rates had been rising this year. Mortgage rates generally track the yields, which move inversely to Treasury prices. Yields moved back near their lows of the year Thursday morning as investors sought save-haven investments with weakness in commodities and global equities.

Take advantage of low Houston mortgage refinance rates! Give us a call! 713-589-2244

The 30-year fixed-rate mortgage averaged 4.63% for the week ended Thursday, down from the prior week’s 4.71% average and 4.93% a year ago. Rates on 15-year fixed-rate mortgages were 3.82%, down from 3.89% the previous week and 4.3% a year earlier.

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

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http://www.foxbusiness.com/personal-finance/2011/05/05/mortgage-rates-plunge-5-month-low/

Mortgage rates fell this week as investors sought safety, amid concerns of global instability and the still-weak economy. The benchmark 30-year fixed-rate mortgage fell 7 basis points this week, to 4.88%, according to the Bankrate.com national survey of large lenders.

A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 5.12%; four weeks ago, it was 5.08%.The benchmark 15-year fixed-rate mortgage fell 9 basis points, to 4.05%. The benchmark 5/1 adjustable-rate mortgage fell 13 basis points, to 3.56%. The adjustable rates fell more than expected this week because one of the lenders surveyed by Bankrate.com revamped its line of mortgage products.

After dropping for four weeks in a row, fixed rates have reached their lowest since Bankrate’s Dec. 1 survey, when the benchmark 30-year fixed was 4.71%.

Whether you’re interested in a new home mortgage or refinancing an existing home mortgage, we can help! We’re a local Houston mortgage lender that can offer you the best mortgage rates with the lowest closing costs! Give us a call!

Houston:  713-589-2244     Austin:  512-996-8194     Dallas:  972-325-2120

 If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find mylendingplace.com on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

According to Bankrate.com, this week’s mortgage refinance rates remain below the 5 percent mark, with the benchmark conforming 30-year fixed mortgage rate inching lower to 4.95 percent and the average 15-year fixed mortgage stepped down to 4.14 percent.

30-year fixed: 4.95% — down from 4.96% last week (avg. points: 0.37)

15-year fixed: 4.14% — down from 4.16% last week (avg. points: 0.37)

Whether you’re interested in a new home mortgage loan or refinancing an existing home mortgage loan, we can help! We’re a local Houston mortgage lender that’s been helping people all over Texas with their mortgage refinance needs. Give us a call today!

Houston:  713-589-2244     Dallas:  972-325-2120     Austin:  512-996-8194

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find mylendingplace.com and our reviews on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

http://www.bankrate.com/finance/mortgages/interest-rate-roundup-for-april-14-2011.aspx

Here’s a look at the state of mortgage rates from Bankrate.com‘s weekly national survey of large banks and thrifts conducted April 13, 2011. After several weeks of upward movement, mortgage rates barely budged — and in no consistent direction — in the latest Bankrate survey. The movement came as Freddie Mac released a relatively optimistic forecast for the housing market for the remainder of 2011.

The benchmark 30-year fixed-rate mortgage dipped to 5.07 percent, a decline of 1 basis point from the previous week. A basis point is one-hundredth of 1 percentage point. Other mortgages were similarly steady. The 15-year fixed-rate mortgage rose by 1 basis point, to 4.28 percent. And 30-year jumbo mortgages, or generally those for more than $417,000, averaged 5.55 percent, compared to 5.57 percent a week earlier.

In the adjustable-mortgage market there was a bit more volatility, with the 5/1 ARM falling 4 basis points to 3.83 percent. With a 5/1 ARM, the mortgage rate is fixed for the first five years and adjusted annually thereafter. Although housing remains a depressed industry by most measures, there are signs that things are beginning to thaw, mortgage giant Freddie Mac said in its April 2011 U.S. Economic and Housing Market Outlook, released Wednesday.

Noting that in March, unemployment fell to 8.8 percent, the Freddie Mac report said: “The encouraging labor market report coupled with high homebuyer affordability should translate into a home-sales pick up, starting this spring.” The report, authored by Freddie Mac chief economist Frank Nothaft, added: “Look for home sales to be up about 5 percent in 2011 compared with 2010, on a calendar year basis.”

Find out what your monthly mortgage payment could be using mylendingplace.com‘s mortgage calculator!

Interested in a new home mortgage loan or refinancing an existing home mortgage loan? Give us a call today! We can offer you the best mortgage rates with the lowest closing costs!

Houston:  713-589-2244     Dallas:  972-325-2120     Austin:  512-996-8194

 If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find us and our reviews on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

Bank of America’s 30-year fixed mortgage rates are advertised at 4.875%  but… notice how they will charge you an additional .875%. We can get you the same low mortgage rates without charging you additional points! So…Why pay additional points for the same mortgage rates if you don’t have to? Unlike most major lenders like Bank of America, Wells Fargo and Chase, we’re a “No Point” lender! Take a look at our straight forward closing costs here! We can give you a quick online mortgage quote…click here!

We’re a local Houston mortgage lender that’s been helping people all over Texas accomplish their mortgage refinance needs! We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Houston:  713-589-2244     Dallas:  972-325-2120     Austin:  512-996-8194

Houston Mortgage Refinance Rates of 04/14/2011
Mortgage Rates                                       Interest Rate   APR 
Texas Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates                4.875%     5.065%
30-Year Fixed FHA Mortgage Rates      4.750%    5.624%
15-Year Fixed Mortgage Rates                 4.125%    4.447%

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Read mylendingplace.com reviews on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

Currently, Bank of America is advertising  30-year fixed mortgage rates at 5.00%  But… notice how they will charge you an additional .875%. We can get you the same low mortgage rates without charging you additional points! Why pay additional when you don’t have to? Unlike most major lenders like Bank of America and Wells Fargo, we’re a “No Point” lender! Take a look at our straight forward closing costs here!

We’re a local Houston mortgage lender that’s been helping people all over Texas accomplish their mortgage refinance needs! We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Houston:  713-589-2244     Dallas:  972-325-2120     Austin:  512-996-8194

Houston Mortgage Refinance Rates as of 04/12/2011
Mortgage Rates                                          Interest Rate   APR 
Texas Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates                5.000%    5.191%
30-Year Fixed FHA Mortgage Rates      4.875%    5.760%
15-Year Fixed Mortgage Rates                 4.250%    4.573%

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find mylendingplace.com and their reviews on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin

http://www.bankrate.com/finance/mortgages/mortgages-rise-as-treasury-signals-sell-off.aspx

Mortgage refinance rates reversed course this week, rising as the U.S. Treasury began selling off mortgage-backed securities and investors’ optimism about the U.S. economy overcame concerns about global events.

The benchmark 30-year fixed-rate mortgage rose 5 basis points this week, to 4.96 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.41 discount and origination points. One year ago, the mortgage index was 5.11 percent; four weeks ago, it was 5.09 percent.

The Treasury announced Monday that it will begin selling its remaining $142 billion of mortgage-backed securities, bought as part of the government’s efforts to stabilize the economy in 2008 and 2009. The plan calls for the Treasury to sell $10 billion of the securities each month, subject to market conditions, according to a statement.

Houston mortgage rates are still low! Interested in a new home mortgage or refinancing your current home mortgage loan? Give us a call today! We’re a local Houston mortgage lender that can offer you the best mortgage rates with the lowest closing costs! View our straight forward closing costs here!

Houston:  713-589-2244     Dallas:  972-325-2120    Austin:  512-996-8194

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

Austin Refinance | Dallas Refinance | Houston Refinance | El Paso Refinance

Texas FHA VA Mortgage Rates

Find mylendingplace.com and our reviews on Yelp: http://www.yelp.com/biz/mylendingplace-com-mortgage-and-refinance-austin