Houston Mortgage Rates: Houston Mortgage Refinance Rates at Historic Lows

Houston Mortgage Rates: Houston Mortgage Refinance Rates at Historic Lows

 Here’s some good news for the struggling U.S. housing market: Thanks to the European debt crisis, mortgage refinance rates are at historic lows. http://finance.yahoo.com/news/Mortgage-Rates-at-New-Lows-cnbc-442681525.html?x=0&sec=topStories&pos=main&asset=&ccode=

 The current average rate for a 30 year fixed mortgage loan is 4.87 percent, according to Bankrate.com. That’s the lowest rate since Bankrate started keeping track 25 years ago. Mortgage rates are so low and with homes prices down and lots of inventory, you couldn’t pick a better time to buy or refinance.  

Whether you’re interested in a new home mortgage loan, a second  home mortgage or refinancing an existing home mortgage, we’re available to help! And remember, we’re a “No Point” lender! Give us a call today!

Houston:  713.589.2244     Austin:  512.996.8194     Dallas:  972.325.2120

Houston’s Mortgage Refinance Rates as of 05/25/2010
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%      5.497%
15-Year Fixed Mortgage Rates             4.250%      5.573%

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