Dallas Mortgage Refinance: Mortgage refinance rates dip this week

Dallas Mortgage Refinance: Mortgage refinance rates dip this week

http://www.bankrate.com/mortgage.aspx

When gas prices rise and jobs improve, mortgage rates usually don’t dip. But..they did. Mortgages refinance rates took a notable dip this week as investors got mixed signals in the uncertain economic climate.

The benchmark 30-year fixed-rate mortgage fell 11 basis points this week, to 4.96 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.44 discount and origination points.

One year ago, the mortgage index was 5.35 percent; four weeks ago, it was 5.04 percent. The benchmark 15-year fixed-rate mortgage dropped 12 basis points, to 4.16 percent.

Whether you’re interested in a new home mortgage loan, refinancing your existing home mortgage loan or a Texas cash out refinance, mortgage rates are lower than this time last year! Give us a call today!

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

 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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