Dallas Fort Worth Mortgage Rates: Today’s 15 year mtg rates

Dallas Fort Worth Mortgage Rates:  Today’s 15 year mtg rates |  Texas Mortgage Company, www.mylendingplace.com

Most of the time mortgage companies advertise rates with points because, let’s face it-who doesn’t want the lowest mortgage rate in Texas?  The lower the mortgage rate the better, right?  

Well, not always.  

Our take at www.mylendingplace.com is one should look at all aspects of a home loan before committing. One should look at the mortgage (refinance) rate, the closing costs, the lender fees, the itemized payment….look at everything and then decide which loan makes the most sense for you. 

For example, today’s (April 26, 2011) 15 year fixed rate is 4.125%.   That’s the real mtg rate assuming you have awesome credit and a good, stable w2 job.   However, if you start comparing mortgage banks you’re likely to see rates from the 3.625% to 4.25% depending on where you go.  How could so many Texas mortgage banks differ when the real rate is 4.125%?