Today's Refinance Rates In Texas
Today's Refinance Rates In Texas for
15 Year Refi Rate
5.49%
30 Year Refi Rate
5.999%%
Rate Table Assumptions
Mortgage rates change with market conditions. They can only be guaranteed when they are locked in with an application. The rates may vary based on credit score, loan amount, and other factors.
Loan amounts greater than $475,000. FICO credit score greater than 780 or higher. Owner Occupied
30 Conventional Year Fixed - $475,000 or greater . LTV 75.0%. 1 % Point Charged First time Home Buyer.
15 Year Fixed - $475,000 or greater. LTV 75%. 1 Point Charged.
30 Year Jumbo Loan - $800,000 or greater. LTV 75.0%. 1 Point.
30 Year FHA Loan - $475,000. LTV 96.5%. 1 Point charged
30 Year VA Loan - $475,000. 100.0% 1 Point.
Refi quotes assuming Rate and Term- Contact us for Cash-out options.
1 point = 1% of the loan amount as an upfront fee for a permanent buy-down rate.
Temporary rate buy-downs available upon request.
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Latest Refinance Rate Updates in Texas
As of July 13, 2026, the 30-year fixed refinance rate is 5.999%, lower than the latest 6.49% Freddie Mac benchmark and below last year’s 6.72% level.
Current refinance rates include:
30-Year Fixed Refinance: 5.999% APR 6.29%
15-Year Fixed Refinance: 5.49% APR 5.861%
Texas homeowners still have some support from modest home price growth. The statewide median sale price reached $343,779 in May 2026, up 0.9% year over year, while homes took 68 days to sell.
If you’re refinancing, the key question isn’t only whether the new rate is lower. Be sure to find out whether the monthly savings can justify the closing costs.
On a $343,779 loan amount, principal and interest would be about $2,061 at 5.999%, compared with about $2,171 at 6.49% and $2,223 at 6.72%.
The current refinance estimate is about $110 below the latest Freddie Mac benchmark and about $162 below last year’s level.
Before refinancing, compare your monthly savings against the closing costs and break-even timeline so you can see whether a rate-and-term refinance, cash-out refinance, VA IRRRL, or FHA streamline refinance makes the most sense.
A refinance may be a good option if you're removing mortgage insurance, consolidating higher-interest debt, or switching from an adjustable loan to a fixed rate. The right move depends on how long you plan to keep the loan and how much the refinance saves each month.
Dig Deeper: Key Refinance Insights for Texas Homeowners
Evaluate Your Home Equity
Determine your current loan-to-value (LTV) ratio to see how much equity you can tap or how low your rate-term refinance can go.
Rate-Term vs. Cash-Out Refinances
Decide if you’re focused on lowering your rate/payment (rate-term) or accessing equity for renovations, debt consolidation, or investments (cash-out).
Understand Closing Costs and Fees
Typically 2–5% of your loan amount, including appraisal, title, and origination—factor these into your savings calculations.
Calculate Your Break-Even Point
Divide total closing costs by your monthly savings to find how many months it takes to recoup fees and start profiting.
Explore No-Closing-Cost Options
Some lenders offer “no-cost” refinances in exchange for a slightly higher rate—compare long-term costs vs. upfront fees.
Check Your Credit Score and DTI
A score of 720+ and a debt-to-income below 43% unlock the best rates; small improvements can shave off significant basis points.
Compare Loan Terms and Amortization
Shortening your term (e.g., from 30 to 15 years) boosts equity build-up but increases payments—balance your goals and cash flow.
Leverage Rate Locks and Float-Downs
Lock your rate for 30–60 days to protect against market swings, and ask about a float-down if rates drop before closing.
Gather Documentation Early
Have two years of tax returns, W-2s, pay stubs, bank statements, and homeowners insurance info ready to accelerate underwriting.
Consult a Refinance Specialist
“Our Texas United Mortgage team analyzes your unique goals—whether it’s saving on payments or tapping equity—so you get the optimal refinance solution.”
— Reef Merhi, Owner


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