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Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Thursday, February 4, 2016
Posted: 7 am ET

Mortgage rates in Dallas fell this week. Meanwhile, Dallas home price increases are some of the highest in the nation.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas fell to 3.92% from 3.95%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.41 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.88%.

Home price increases in Dallas

Home prices in Dallas rose by 9.4% year-over-year in November, according to the latest S&P/Case-Shiller Home Price Index.

That's nearly twice the national average increase of 5.3%.

Only Portland, San Francisco and Denver saw higher price home increases, according to the index.

More rates

The benchmark 15-year fixed-rate mortgage fell to 3.22% from 3.28%. The benchmark 5/1 adjustable-rate mortgage fell to 3.19% from 3.28%, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 3.78% from 3.84%.

Weekly mortgage survey

Results from Bankrate's Feb. 3 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: 3.92% 3.22% 3.19% 3.78%
Change from last week: -0.03 -0.06 -0.09 -0.06
Monthly payment: $780.14 $1,157 $712.67 $1,938.30
Change from last week: -$2.84 -$4.80 -$8.09 -$14.20
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