Mortgage rates in Dallas mostly dropped this week. Meanwhile, D Magazine named the best commercial real estate projects of 2015 in Dallas.
This week's rates
The benchmark 30-year fixed-rate mortgage in Dallas fell to 3.98% from 4.03%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.46 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.01%.
The best real estate projects in Dallas
D Magazine recently put out its list of 2015's best real estate projects in Dallas.
Dallas, of course, has been booming this year, notes D Magazine. And there were plenty of real estate projects to choose from. But the publication was able to narrow it down to only a handful.
Gables McKinney Avenue was first on the list, boasting 8 stories and 222 residential units on top of a 38,000-square-foot Whole Foods. It also features 17 townhomes, notes D Magazine.
Streetlights Residential, Trammell Crow Residential, Hillwood Communities and Windsong Ranch also made it on the list.
The benchmark 15-year fixed-rate mortgage fell to 3.16 from 3.19%. The benchmark 5/1 adjustable-rate mortgage rose to 3.44% from 3.42%, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 3.78% from 3.81%.
Weekly mortgage survey
|Results from Bankrate's Sept. 30 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:||3.98%||3.16%||3.44%||3.78%|
|Change from last week:||-0.05||-0.03||+0.02||-0.03|
|Change from last week:||-$4.74||-$2.40||+$1.84||-$7.11|