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Texas

Current Texas Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Texas. Review free, personalized mortgage rates for Texas based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Texas. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Texas as of February 25, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Texas Mortgage Rates Compare?

February 25, 2020

The current average rate for a 30 year fixed rate mortgage in Texas is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Texas Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Texas?

Below we offer valuable insights on the housing market and real estate prices in Texas. Understand how much you need to make to buy a house in Texas, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Texas is affordable for you. We provide this helpful information to help you decide if living in Texas is right for you.

The median home value for Texas is $206,045

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Texas is $37,083

With this income, you could qualify for a $185,441 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Texas is $859

The median household income for Texas is $61,817

Based on this income, you can afford a home valued at approximately $343,479

The home price you can afford to buy based on household income in Texas is 167% of the median home value which means housing prices are affordable. Texas ranks 16 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Texas is affordable

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Additional Mortgage Resources for Texas Residents

Mortgage Rates for Texas Cities

Abilene Mortgage Rates

Amarillo Mortgage Rates

Austin Mortgage Rates

Beaumont Mortgage Rates

Brazoria Mortgage Rates

Brownsville Mortgage Rates

Burleson Mortgage Rates

Canyon Mortgage Rates

College Station Mortgage Rates

Corpus Christi Mortgage Rates

Dallas Mortgage Rates

Denton Mortgage Rates

El Paso Mortgage Rates

Fort Worth Mortgage Rates

Galveston Mortgage Rates

Hays Mortgage Rates

Houston Mortgage Rates

Kaufman Mortgage Rates

Killeen Mortgage Rates

Laredo Mortgage Rates

Longview Mortgage Rates

Lubbock Mortgage Rates

McAllen Mortgage Rates

Midland Mortgage Rates

New Braunfels Mortgage Rates

Odessa Mortgage Rates

Plano Mortgage Rates

Round Rock Mortgage Rates

San Angelo Mortgage Rates

San Antonio Mortgage Rates

Schertz Mortgage Rates

Sherman Mortgage Rates

Sugar Land Mortgage Rates

The Woodlands Mortgage Rates

Tyler Mortgage Rates

Waco Mortgage Rates

Waxahachie Mortgage Rates

Weatherford Mortgage Rates

Wichita Falls Mortgage Rates