Mortgage rates in Dallas moved up this week. At the same time, a new report detailed the best places to buy in the area.
This week's rates
The benchmark 30-year fixed-rate mortgage in Dallas rose to 4.32 percent from 4.3 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.26 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.27 percent.
Dallas still has affordable homes
In areas around Dallas like the Park Cities and Lakewood, the housing market is hot -- a little too hot, notes Culture Map Dallas. But there are some neighborhoods where homes are still affordable and prices have room to rise.
Culture Map Dallas surveyed real estate agents and came up with the five best Dallas neighborhoods to buy right now.
Caruth Terrace, Lakewood Heights, Midway Hollow, Northwood Hills and Vickery Place all made the cut.
The benchmark 15-year fixed-rate mortgage rose to 3.45 percent from 3.42 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.44 percent from 3.41 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, rose to 4.41 percent from 4.3 percent.
Shop mortgage rates in your area.
Weekly mortgage survey
|Results from Bankrate's Sept. 10 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%||3.44%||4.41%|
|Change from last week:||+0.03||+0.03||+0.03||+0.11|
|Change from last week:||+$2.91||+$2.43||+$2.75||+$27.20|