Houston Texas Refinance Rates: Today’s Low Home Mortgage Refinance Loan Rates

Houston Texas Refinance Rates: Today’s Low Home Mortgage Refinance Loan Rates

http://www.bankrate.com/finance/mortgages/qualifying-for-low-mortgage-rates-today.aspx

Mortgage rates today are low, encouraging homebuyers and homeowners to look for new home loans. Borrowers can afford a larger loan when they get a mortgage rate of less than 5 percent instead of paying 6 percent or 7 percent.

Not only do low mortgage rates result in lower monthly payments, they also can shave thousands of dollars off the cost of the loan over time.

Some mortgage borrowers are opting for a shorter mortgage term of 15 year fixed because the monthly payments are more affordable, thanks to low mortgage rates today. Others are trying out a mortgage refinance calculator to see if the cost of refinancing will be offset by significant savings.

In spite of these low rates, not everyone can take advantage of the opportunity to refinance or qualify for a new home loan. Borrowers need to meet today’s tightened credit guidelines to qualify.

Interested in mortgage refinancing? Have questions about qualifying? Give us a call today!

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

Houston Mortgage Refinance Rates as of 07/26/2010
Mortgage Rates                                        Interest Rate APR 
Texas Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates            4.500%     4.686%
30-Year Fixed FHA Mortgage Rates  4.625%     5.364%
15-Year Fixed Mortgage Rates             3.875%     4.195%

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