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Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Wednesday, November 25, 2015
Posted: 6 am ET

Mortgage rates in Dallas fell this week. Meanwhile, housing inventory in Dallas moved up.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas fell to 4.05% from 4.06%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.56 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.

Housing inventory rises in Dallas

Housing inventory in Dallas rose 1% in October from a year prior, according to new data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

That quite a change from the more than 10% year-over-year decline the area saw through the middle 0f 2015, notes The Dallas Morning News.

Yet there's still less than a 3-month supply of preowned single-family homes in the area, notes the Morning News.

More rates

The benchmark 15-year fixed-rate mortgage fell to 3.27% from 3.33%. The benchmark 5/1 adjustable-rate mortgage fell to 3.41% from 3.45%, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 3.97% from 4.03%.

Weekly mortgage survey

Results from Bankrate's Nov. 24 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: 4.05% 3.27% 3.41% 3.97%
Change from last week: -0.01 -0.06 -0.04 -0.06
Monthly payment: $792.50 $1,161.01 $732.66 $1,983.62
Change from last week: -$0.95 -$4.81 -$3.66 -$14.37
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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.|

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