Houston Refinance: Refinance Drops As Rates Rise

Houston Refinance: Refinance Drops As Rates Rise

Contact me, Frank Zhu, and let me help you find the lowest rate in Texas when it comes to mortgage. I’m bilingual in English and Chinese. Give me a call at 512-919-0154 for your mortgage needs.

Due to the recently rate hike in the market, the refinance index decreased 16.5 percent from the previous week and is at the lowest level observed since July of this year. All good things have to come to an end. The rates have been at an all time 41 years low for a while, and now the rates have been jumping up a bit.

Don’t worry. The rates will eventually get better. Right now is a good time to think about the goals for your refinance. Ask yourself these questions:

- How much do I want to save per month?

- What is the rate I will need to get that saving?

- Would I need to pay anything at closing?

When you have a goal in mind, it can help you focus on what exactly you are trying to do. Instead you chasing for the lowest rate possible.

Today’s market rate with no points are:

30 years fixed – 4.375% // APR – 4.421%

15 years fixed – 3.75% // APR – 3.824%

We also offer “no cost” refinance. Contact me, Frank Zhu, and let me help you find the lowest rate in Texas when it comes to your mortgage. I’m bilingual in English and Chinese. Give me a call at 512-919-0154 for your mortgage needs.

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