Houston Mortgage Refinance: Texas Mortgage Refinance Rates Rise, Again!

Houston Mortgage Refinance: Texas Mortgage Refinance Rates Rise, Again!

http://www.reuters.com/article/idUSN1427608620100914

Interest rates, however, remain historically low, which may boost home loan refinancing activity and also makes homes more affordable as the housing market copes with tepid sales. Mortgage rates on 30-year fixed mortgages, the most widely used loan, were 4.32 percent Tuesday afternoon, up from 4.27 percent at the same time last week, according to Zillow Mortgage Marketplace. It is the second consecutive week the 30-year fixed rate has risen since reaching 4.26 percent on Aug. 31, which was the lowest reported since April 2008.

The 30-year fixed mortgage rates rose steadily for the majority of the week, reaching its peak at 4.40 percent on Sunday before falling to 4.33 percent on Monday. The 15-year fixed mortgage rates were 3.76 percent, down from 3.80 percent the prior week.

Interested in mortgage refinancing? Don’t wait around while mortgage refinance rates start to increase! Take advantage of the current record low mortgage rates, today! Give us a call today! We’re a local Houston lender that can offer you the best mortgage rates with the lowest closing costs!

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

Houston Mortgage Refinance Rates as of 09/15/2010 
Mortgage Rates                                        Interest Rate  APR 
Texas Conforming Home Loans and FHA Home Loans: 
30-Year Fixed Mortgage Rates             4.375%     4.559%
30-Year Fixed FHA Mortgage Rates   4.500%     5.233%
15-Year Fixed Mortgage Rates              3.750%     4.069%

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