However, mortgage rates have not fallen enough to offset rising home prices, Hale said. A homebuyer purchasing a typical home with 20 percent down would save $65 a month by paying a 4.1 percent.
Compare current mortgage rates in Texas and save money by finding best mortgage rates in Texas. Get customized mortgage rates from Hsh.com
Borrowers with high credit scores get the best interest rates, and the interest rate is one of the key factors in the monthly mortgage payment calculation that could drive the payment higher. The best rates, similar to the rates quoted above, are typically available for borrowers with FICO scores above 760.
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Mortgage Interest Rates Today – TexasLending.com – Over the last 30 years interest rates have been around 6.69%% on the average Texas mortgage. The average mortgage interest rate today is around 4.85%, which still makes this a great time to buy a home.
Our extensive database of current mortgage rates is a good place to start your. With below-average credit, the only loan you might qualify for is an FHA loan, which. president of mortgage lending at Texas Trust Credit Union in north Texas.
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