Current rates in Texas are 4.293% for a 30-year fixed, 3.694% for a 15-year fixed, and 3.84% for a 5/1 adjustable-rate mortgage (ARM).
Still the state continues to hold 37 percent of the national total, five times as much as second place Texas. to prepay increases when mortgage rates drop. The second largest increase was a 15.
Rates quoted require a loan origination fee of 1.00%, which may be waived for a 0.25% increase in interest rate. Many of these programs carry discount points, which may impact your rate. 3 A VA loan of $250,000 for 15 years at 3.000% interest and 3.591% APR will have a monthly payment of $1,726.
Us Federal Interest Rate Cash Call Today’S Rates If you paid your closing costs out of pocket and took the lower rate, you’d end up with a monthly mortgage payment of $1,430.52, and total interest of $214,987.20 paid over the life of the loan. If you went with the No Closing Costs rate, you’d have a monthly mortgage payment of $1,453.95, and total interest of $223,422 over 30 years.