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Mortgage rates in Dallas, Texas

By Mitch Strohm · Bankrate.com
Thursday, August 28, 2014
Posted: 12 pm ET

Mortgage rates in Dallas were mixed this week. And a new report says there are now more homes on the market.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas rose to 4.31 percent from 4.35 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.17 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.23 percent.

Inventory moves up

Prospective buyers should have more choice when shopping for a home in the Dallas area. The inventory of homes on the market moved up by 9.09 percent in the second quarter from the previous quarter, according to a recent report from the Texas Association of Realtors. It's now at 2.4 months of inventory.

Of course, it'll cost a little more to purchase a home. The median price of a Dallas home moved up by 9.81 percent in the second quarter from the first quarter of the year, hitting $211,500, according to the report.

More rates

The benchmark 15-year fixed-rate mortgage fell to 3.47 percent from 3.48 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.41 percent from 3.4 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, remained at 4.31 percent.

Shop mortgage rates in your area.

Weekly mortgage survey

Results from Bankrate's Aug. 27 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: 4.31% 3.47% 3.41% 4.31%
Change from last week: -0.04 -0.01 +0.01 N/C
Monthly payment: $817.51 $1,177.13 $732.66 $2,066.06
Change from last week: -$3.87 -$0.81 +$0.92 N/C
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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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