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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
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