Houston Mortgage Refinance: 30-Year Fixed or 15-Year Fixed?

Houston Mortgage Refinance: 30-Year Fixed or 15-Year Fixed, Which one is right for you?  Should you go with a Texas 30 year fixed mortgage rate? If you’re looking to possibly lower your home mortgage payment to give yourself some financial relief, then a 30 year fixed might be right for you.

If you’re wanting to build equity quickly in your home purchase then you might opt for a shorter term like a Texas 15-year fixed mortgage rate.   Visit:  http://www.mylendingplace.com/

30 year mortgage rates are moving up: http://news.yahoo.com/s/ap/20100408/ap_on_bi_ge/us_mortgage_rates, however the 15 year mortgage/refinance rates are more stable.  So if you’re looking to refinance or do a cash out refinance -and you can afford th 15 year payment–the 15 year mortgage rates are ideal!

There’s a lot to consider before making such important decisions…and a lot of questions that you need answered. We’re a local Houston mortgage company that has been helping people all over Texas accomplish their mortgage refinance needs.

Give us a call today! We’ll give you the help you need to make the right decision for you and your family.

Houston: 713-589-2244             Austin: 512-996-8194

 Houston’s Current Mortgage Rates as of 04/09/2010
Texas Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates            5.125%    5.318%
30-Year Fixed FHA Mortgage Rates 5.250%    6.028%
15-Year Fixed Mortgage Rates            4.375%    4.700%

 Click here to use our mortgage calculator!