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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 November 11, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

How Do Today's Texas Mortgage Rates Compare?

November 11, 2019

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%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Texas?

The median home value for Texas is $193,380

The median household income for Texas is $60,406

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Texas is $35,878

The home price you can afford to buy based on household income in Texas is 168% 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

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index