Houston Mortgage: Today’s 15 year refinance rates

Houston Mortgage:  Today’s 15 year refinance rates

Now that rates are so low this is the time to buy or refinance your home.  Whether you need a No PMI loan (80/15 or 80/10) mortgage or just want to take advantage of today’s 15 year rates…call us!

30 year fixed rate: 4.125% (no points) and 3.875% (0.75%)

20 year fixed rate: 4.0% (no points) and 3.875% (0.5%)

15 year fixed rate: 3.5% (no points) and 3.25% (with 0.5% points)

10 year fixed rate: 3.375% (no points)

Mortgage rates are constantly fluctuating, increasing and decreasing every day.  But today’s mortgage/refinance rates are great!

These are the no-point market rates.

This means you don’t have to pay the points that the “big bank” (Bank of America, Wells Fargo, Chase) normally charges.  We simply offer the market rate and charge a flat fee.

Naturally, you can buy the rate down, so I’ve included these rate options as well.

30 year fixed rate: 4.125% (no points) and 3.875% (0.75%)

20 year fixed rate: 4.0% (no points) and 3.875% (0.5%)

15 year fixed rate: 3.5% (no points) and 3.25% (with 0.5% points)

10 year fixed rate: 3.375% (no points)

Now that mortgage rates are the 3-4% range this is an ideal time to refinance or buy.   We are getting lots of calls on 15 year mortgage rates which are in the 3.5-3.625%

Naturally you can buy the rate down to whatever rate you wish but sometimes that doesn’t really make sense.  Every point is 1% of your loan balance so if you’re home loan is 300K, each point is $3,000.   Does it make sense to spend an extra $3,000 to save $50?  Maybe.   But when you consider it will take you 5 years for to justify that buy-down point it really makes you stop and think, doesn’t it.  However, for your loan it might make perfect sense to buy the 15 year rate down to 3%.   Call us and let’s crunch the numbers together.

Our closing costs are at the top of this website in an easy-to-read PDF.

With mortgage rates so low this is the time to refinance your home, investment property or second home.   Moreover, it’s the perfect time to do a cash out loan to consolidate debt.

Remember we help people all over Texas buy or refinance.   Whatever your situation-trying to buy a home with 5% down and avoid PMI (by doing an 80/15 or 801/10)…or maybe you’re going through a divorce and need to refinance your ex off the mortgage, maybe you need an FHA refi….call us!

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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