Mortgage rates have flatlined around a two-year low, bringing monthly mortgage payments down, according to data from mortgage-finance company Freddie Mac. NEXT: Homes for sale on Houston’s five most.
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Mortgage rates for Houston, Texas on Lender411 for 30-year fixed-rate mortgages are at 3.58%. That dropped from 3.58% to 3.58%. The 15-year fixed rates are now at 3.42%. The 5/1 ARM mortgage for Houston, Texas is now at 4.17%. Houston is the largest city in Texas and the fourth largest city in the United States.
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Sales of single-family homes across the Houston area were up for the third straight month in April as lower mortgage rates and a growing supply of properties for sale kept the market humming midway.
· The Fed adjourns from a 2-day meeting wednesday. Should you worry about a rise to the fed funds rate? How mortgage rates and the Fed Funds Rate are linked.
According to Bankrate’s national survey of large lenders, the average rate on the benchmark 30-year fixed-rate mortgage rate for the Houston area ticked downwards to 4.09 percent. Down 6 basis.
A home in Memorial Forest, where the median sales price is $1.07 million. As mortgage rates dip below 4 percent, falling to nearly two-year lows, homebuyers are likely to have lower monthly mortgage.
With more than 8,000 sales last month, the Houston housing market remains strong, fueled by low mortgage rates, a greater supply and a healthy economy. NEXT: See homes for sale on some of Houston’s.
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HOUSTON, Oct 17 (Reuters) – U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia’s ESPO Blend oil sent.