Rates Blog

Finance Blogs » Rates Blog » Mortgage rates in Dallas, Texas

Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Thursday, July 23, 2015
Posted: 7 am ET

Mortgage rates in Dallas fell this week. Meanwhile, the Dallas commercial real estate market is firing on all cylinders, and it may not slow anytime soon.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas fell to 4.14 percent from 4.19 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.51 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.12 percent.

The blazing hot commercial market

The commercial real estate market is booming in Dallas. Heavy population growth and job gains are pushing up the demand for commercial real estate in the area, according to The Dallas Morning News.

And there are no signs that the trend will end anytime soon, notes the Morning News.

Overall, Texas was the top commercial property market in the country last year, according to a report by NAIOP, the Commercial Real Estate Development Association.

More rates

The benchmark 15-year fixed-rate mortgage fell to 3.34 percent from 3.42 percent. The benchmark 5/1 adjustable-rate mortgage fell to 3.56 percent from 3.61 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 4.31 percent from 4.41 percent.

Weekly mortgage survey

Results from Bankrate's July 22 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: 4.14% 3.34% 3.56% 4.31%
Change from last week: -0.05 -0.08 -0.05 -0.1
Monthly payment: $801.11 $1,166.63 $746.46 $2,066.06
Change from last week: -$4.79 -$6.43 -$4.62 -$24.43
«
»
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)