At this time of year, with the holiday season in full swing, many homeowners are thinking about decorating, shopping for gifts, and planning holiday parties. It could be a great gift to yourself and your financial outlook to take a quick break from the festivities to take a look at current Texas mortgage rates and the interest rate you are paying on your home loan.
According to the latest mortgage rate survey from Freddie Mac (dated November 23rd, 2011) the average rate for a 30 year fixed rate mortgage was just 3.98% (0.7 Points & Fees.) To understand just how low this pricing is, keep in mind that the lowest average rate on record was just 0.04% lower when rates reached 3.94% the week of October 6th, 2011.
If you are currently paying a higher rate on your mortgage you may be able to save money with a Texas refinance loan. If you qualify you may be able to choose to lower your monthly payment or pay off your mortgage years sooner than you thought. Give us a call at 972-591-3097 for a free quote and consultation.