Rates Blog

Finance Blogs » Rates » Mortgage rates in Dallas, Texas

Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Thursday, January 29, 2015
Posted: 7 am ET

Mortgage rates in Dallas were mixed this week. And according to a new report, there's a housing crunch in the city.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas remained at 3.75 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.72 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.8 percent.

Low inventory and high prices in Dallas

Prospective homebuyers in Dallas could find it tough, and expensive, to purchase a home in the area.

There's only about a two-month supply of homes, notes The Dallas Morning News. Six months of inventory is normal.

Home prices rose by 12 percent in 2014 from 2013, one of the biggest increases on record, notes the Morning News.

More rates

The benchmark 15-year fixed-rate mortgage fell to 3.13 percent from 3.58 percent. The benchmark 5/1 adjustable-rate mortgage dropped to 3.42 percent from 4.09 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, rose to 4.28 percent from 4.19 percent.

Weekly mortgage survey

Results from Bankrate's Jan. 28 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: 3.75% 3.13% 3.42% 4.28%
Change from last week: N/C -0.45 -0.67 +0.09
Monthly payment: $764.14 $1,149.8 $733.58 $2,058.72
Change from last week: N/C -$35.57 -$59.98 +$22.07
«
»
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)