Mortgage rates in Dallas rose this week. Meanwhile, the Deep Ellum neighborhood in Dallas is getting its first high-rise apartment tower.
This week's rates
The benchmark 30-year fixed-rate mortgage in Dallas rose to 4.14% from 4.06%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.42 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.05%.
High-rise apartment in Deep Ellum
Developers are bringing the first high-rise apartment building to Deep Ellum, a Dallas neighborhood known for its rich music and arts scene, according to The Dallas Morning News.
The Case Building, as it's being called, will include 17 stories and 337 units for rent. Units will feature 10-foot ceilings and exposed brick walls.
The building will also have a fitness center, swimming pool, conference center, dining area and a bike storage center, notes the Morning News.
There's no cost set for the units yet.
The benchmark 15-year fixed-rate mortgage rose to 3.22% from 3.19%. The benchmark 5/1 adjustable-rate mortgage rose to 3.52% from 3.44%, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, rose to 4.03% from 3.97%.
Weekly mortgage survey
|Results from Bankrate's Sept. 2 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Dallas.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||4.14%||3.22%||3.52%||4.03%|
|Change from last week:||+0.08||+0.03||+0.08||+0.06|
|Change from last week:||+$7.69||+$2.40||+$7.40||+$14.48|