Mortgage rates in Dallas mostly fell this week. And a new report says home prices rose in the area.
This week's rates
The benchmark 30-year fixed-rate mortgage in Dallas fell to 4.33 percent from 4.4 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.16 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.27 percent.
Home prices rise
Prices of single-family homes in Dallas rose by 7.8 percent in June from a year prior, according to a new report from CoreLogic.
That's just slightly above the 7.5 percent rise in home prices nationwide.
Of course, home price gains have been slowing throughout the country. The month-over-month gain in Texas was just 1.1 percent in June, according to the report.
The benchmark 15-year fixed-rate mortgage fell to 3.45 percent from 3.48 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.4 percent from 3.37 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 3.39 percent from 4.42 percent.
Shop mortgage rates in your area.
Weekly mortgage survey
|Results from Bankrate's Aug. 13 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:||4.33%||3.45%||3.40%||4.39%|
|Change from last week:||-0.07||-0.03||+0.03||-0.03|
|Change from last week:||-$6.78||-$2.42||+$2.75||-$7.38|