Dallas Refinance: Texas Mortgage Rates Slide To New Record Lows

Dallas Refinance: Texas Mortgage Rates Slide To New Record Lows

July 22 (Reuters)  U.S. 30-year and 15-year mortgage rates fell to fresh lows in the past week amid concerns about the economy, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company. http://www.reuters.com/article/idUSN2223918220100722

Rock bottom mortgage rates offer a glimmer of hope for a housing market that has been struggling to gain traction since the expiration of popular home buyer tax credits several months ago.

Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.56 percent for the week ended July 22, down from the previous week’s 4.57 percent and its year-ago level of 5.20 percent, according to the survey. Freddie Mac started the survey in April 1971.

Meanwhile, 15-year fixed-rate mortgages averaged 4.03 percent, down from 4.06 percent last week, the lowest since Freddie Mac began surveying this type of loan in 1991.

Interested in taking advantage of the record low Texas mortgage rates? Give us a call today!

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

Dallas Mortgage Refinance Rates as of 07/22/2010
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  4.500%     5.233%
15-Year Fixed Mortgage Rates              3.875%     4.195%

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