Houston Mortgage Refinance: Fixed mortgage rates rise slightly

Houston Mortgage Refinance: Fixed mortgage rates rise slightly

http://www.bankrate.com/finance/mortgages/fixed-mortgage-rates-rise-a-little-bit.aspx

Bankrate.com reports that after two consecutive weeks of stagnation, fixed mortgage interest rates rose slightly in the current period, as investors turned their attention from Europe’s sovereign debt crises to the rising U.S. stock market.

The benchmark 30-year fixed-rate mortgage rose 2 basis points this week, to 4.97 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 0.44 discount and origination points. One year ago, the mortgage index was 5.13 percent; four weeks ago, it was 5.02 percent.

The benchmark 15-year fixed-rate mortgage fell 1 basis point, to 4.28 percent. The benchmark 5/1 adjustable-rate mortgage fell 2 basis points, to 3.84 percent, and the jumbo 30-year fixed rose 2 basis points, to 5.53 percent.

Whether you’re interested in mortgage refinancing, a new home mortgage or a home equity loan, we’re available to help! We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

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

Houston Mortgage Refinance Rates as of 01/28/2011
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              4.250%    4.573%

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

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