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%.
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|
|Change from last week:||N/C||+$8.00||+$4.54||+$7.14|