Rates Blog

Finance Blogs » Rates » Mortgage rates in Dallas, Texas

Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Thursday, July 24, 2014
Posted: 12 pm ET


Mortgage rates in Dallas didn't move much this week. Meanwhile, home prices are soaring in the area.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas remained at 4.32 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.21 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.26 percent.

Home prices are on the rise

The median sales price of a home in Dallas jumped by 12 percent during the first half of 2014 from the year prior, according to a new report from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

Some neighborhoods in the area have even seen prices increase 20 percent or 30 percent this year, notes the report.

But that appreciation in home prices is surprising many economists and housing analysts, notes The Dallas Morning News. Indeed, most experts think the increase in home prices has to slow.

More rates

The benchmark 15-year fixed-rate mortgage rose to 3.45 percent from 3.43 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.41 percent from 3.38 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and more, fell to 4.39 percent from 4.41 percent.

Shop mortgage rates in your area.

Weekly mortgage survey

Results from Bankrate's July 23 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: 4.32% 3.45% 3.41% 4.39%
Change from last week: N/C +0.02 +0.03 -0.02
Monthly payment: $818.48 $1,175.51 $732.66 $2,085.71
Change from last week: N/C +$1.62 +$2.75 -$4.92
«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
2 Comments
Hilario Posson
September 24, 2013 at 9:55 am

Aw, this was an exceptionally nice post. Spending some time and actual effort to create a great article… but what can I say… I put things off a lot and don't manage to get nearly anything done.|

Add a comment

(Comments may take 5-10 minutes to appear)