Houston Mortgage Refinance: Are Houston mortgage refinance rates starting to increase?

Houston Mortgage Refinance: Are Houston mortgage refinance rates starting to increase?

http://www.bankrate.com/finance/mortgages/mortgage-rates-bounce-back.aspx

Mortgage rates bounced this week, after the release of an employment report that wasn’t as awful as expected.

The benchmark 30-year fixed-rate mortgage rose 5 basis points this week, to 4.58 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 0.37 discount and origination points. One year ago, the mortgage index was 5.4 percent; four weeks ago, it was 4.57 percent. The benchmark 15-year fixed-rate mortgage rose 1 basis point, to 4.06 percent. The benchmark 5/1 adjustable-rate mortgage rose 5 basis points, to 3.91 percent.

Take advantage of the low Texas mortgage refinance rates before they start to bounce back! Whether you’re interested in mortgage refinancing or a new home mortgage loan, we’re available to help! We’re a local Houston 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