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Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Thursday, June 30, 2016
Posted: 7 am ET

Mortgage rates in Dallas fell this week. Meanwhile, home flippers are making waves in the city.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas fell to 3.64% from 3.78%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.53 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.61%.

Dallas home flippers

Dallas is a popular area for house flips. In fact, the number of house flips in Dallas jumped more than 20% in the 1st quarter of 2016 year over year, according to RealtyTrac.

RealtyTrac estimates that there were nearly 1,000 flips in the area.

More rates

The benchmark 15-year fixed-rate mortgage fell to 2.86% from 3.05%. The benchmark 5/1 adjustable-rate mortgage fell to 2.86% from 2.91%, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 3.66% from 3.72%.

Weekly mortgage survey

Results from Bankrate's June 29 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: 3.64% 2.86% 2.86% 3.66%
Change from last week: -0.14 -0.19 -0.05 -0.06
Monthly payment: $753.88 $1,128.38 $683.25 $1,909.96
Change from last week: -$12.95 -$14.93 -$4.40 -$14.09
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