Rates Blog

Finance Blogs » Rates Blog » Mortgage rates in Houston, Texas

Mortgage rates in Houston, Texas

By Clare Mallen · Bankrate.com
Thursday, May 26, 2016
Posted: 8 am ET

Mortgage rates mostly rose in Houston this week. Meanwhile, the Exxon Mobil site in northwest Houston just sold for $11 million, the Houston Business Journal reports.

According to Realty News Report, the 24-acre Brookhollow campus includes 60,000 square feet of storage and 3 office buildings with 500,000 square feet, and a full-service cafeteria, may become a major retail development. The purchase was made by a partnership of real estate investor Khaled Salem of Williamsburg Enterprises and Alan Hassenflu of Fidelis Realty Partners, the Journal notes.

This week's rates

The benchmark 30-year fixed-rate mortgage in Houston remained at 3.83%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.70 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.82%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more increased to 3.83% from 3.80%. The benchmark 15-year fixed-rate mortgage jumped to 3.13% from 3.03%. The benchmark 5/1 adjustable-rate mortgage climbed to 3.25% from 3.20%.

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 Houston.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 3.83% 3.13% 3.25% 3.83%
Change from last week: N/C +0.10 +0.05 +0.03
Monthly payment: $771.65 $1,149.80 $718.09 $1,950.17
Change from last week: N/C +$8.00 +$4.54 +$7.14
«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
4 Comments
vitamin c serum
January 05, 2016 at 10:50 am

Go here for the best vitamin c serum for face currently in stock anywhere and at the best price.

Add a comment

(Comments may take 5-10 minutes to appear)