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Mortgage rates in Dallas, Texas

By Clare Mallen · Bankrate.com
Wednesday, November 26, 2014
Posted: 12 pm ET

Mortgage rates in Dallas were mixed this week. And local real estate experts believe the market will continue to boom for several more years.

This week's rates

The benchmark 30-year fixed-rate mortgage in Dallas fell to 4.08 percent from 4.09 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.42 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.08 percent.

Real estate boom could last for years

Dallas, and North Texas overall, is experiencing one of the biggest real estate booms it's seen in decades, and there could be several more years of prosperity ahead, according to The Dallas Morning News.

Not only is demand for homes in the Dallas-Fort Worth area at a high, the real estate market is doing well in all sectors.

Real estate experts tell the Morning News to expect another two or three years of a thriving real estate market.

More rates

The benchmark 15-year fixed-rate mortgage remained at 3.3 percent. The benchmark 5/1 adjustable-rate mortgage fell to 3.43 percent from 3.48 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, rose to 4.25 percent from 4.2 percent.

Shop mortgage rates in your area.

Weekly mortgage survey

Results from Bankrate's Nov. 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: 4.08% 3.30% 3.43% 4.25%
Change from last week: -0.01 N/C -$4.58 +0.05
Monthly payment: $795.36 $1,163.42 $734.49 $2,051.39
Change from last week: -$0.96 N/C -$4.58 +$12.22
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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.|

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