Houston Mortgage Refinance: Houston Record Low 30-Year Fixed Mortgage Rates Keep Falling!

Houston Mortgage Refinance: Hosuton Record Low 30-Year Fixed Mortgage Rates Keep Falling!

http://www.bankrate.com/finance/mortgages/record-low-rates-keep-falling.aspx

Mortgage rates hit another modern-day low this week. The benchmark 30-year fixed-rate mortgage fell 5 basis points this week, to 4.42 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 0.35 discount and origination points. One year ago, the mortgage index was 5.34 percent. Four weeks ago, it was 4.5 percent — at the time, also a record low.

The benchmark 15-year fixed-rate mortgage fell 3 basis points, to 3.82 percent. The benchmark 5/1 adjustable-rate mortgage fell 2 basis points, to 3.6 percent, and the 30-year jumbo mortgage fell 2 basis points, to 5.08 percent.

The 30-year fixed fell below 5 percent in mid-May and has been trending downward ever since. It reached 4.5 percent four weeks ago, and has remained at or below that mark since then.

Take advantage of Houston’s record low mortgage rates! Refinance!

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

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