Current Mortgage Interest Rates in Texas

Stable Rates Amidst Economic Uncertainty

Latest Figures Released August 3, 2024

As of Saturday, August 3, 2024, current mortgage interest rates in Texas remain stable, with a 30-year fixed mortgage holding steady at 6.72% and a 15-year fixed mortgage at 6.22%.

These rates represent a slight increase of 2 basis points compared to last week, following a period of fluctuating mortgage rates in recent months. Experts attribute the stability to a combination of factors, including the Federal Reserve's recent decision to leave interest rates unchanged and the ongoing economic recovery.

Despite the slight uptick, mortgage rates in Texas remain competitive in comparison to national averages. The 30-year fixed mortgage rate in Texas is currently 6.50%, while the national average is 6.61%. This difference has made Texas an attractive option for homebuyers and homeowners looking to refinance their mortgages.