Mortgage rates in Dallas mostly rose this week. Meanwhile, Dallas women are much more likely to commit to buying than unmarried men.
This week's rates
The benchmark 30-year fixed-rate mortgage in Dallas remained at 3.8%, 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 3.82%.
Single women purchasing homes in Dallas
According to data from the Texas Association of Realtors, from mid-2014 to 2015, single women were twice as likely to purchase a home in Dallas as single men.
Of course, that doesn't only apply to Dallas. The National Association of Realtors found that single women have consistently purchased homes more often than men across the country.
The benchmark 15-year fixed-rate mortgage rose to 3.08% from 3.02%. The benchmark 5/1 adjustable-rate mortgage rose to 3.05% from 3.02%, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, rose to 3.84% from 3.81%.
Weekly mortgage survey
|Results from Bankrate's May 25 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:||3.80%||3.08%||3.05%||3.84%|
|Change from last week:||N/C||+0.06||+0.03||+0.03|
|Change from last week:||N/C||+$4.78||+$2.68||+$7.15|