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Today's Mortgage Rates

Today's Mortgage Rates for

Conventional 15 Yr.


APR 5.924%
Conventional 30 Yr.


APR 6.795%
FHA 30 Yr.


APR 6.593%
VA 30 Yr. Fixed


APR 6.653%
Get your rate today, no SSN needed. We'll give you a no-haggle, low rate quote with fast response times and friendly service.

Rate Table Assumptions

Mortgage rates are subject to change and are not guaranteed. The rates may vary based on credit score, loan amount, and other factors. 

Loan amounts greater than $400,000. FICO credit score greater than 780 or higher.  Owner Occupied

30 Conventional Year Fixed - $400,000 or greater . LTV 75.0%. 1 % Point Charged. 

15 Year Fixed - $400,000 or greater. LTV 95%. 1 Point.

30 Year Jumbo Loan - $800,000 or greater. LTV 75.0%. 1 Point. 

30 Year FHA Loan - $400,000. LTV 96.5%. 1 Point charged

30 Year VA Loan - $400,000. 100.0% 1 Point.

What You Need To Know About Today's Mortgage Rates in Texas

Interest rates have steadily declined in recent months.

Keep reading to know the current Texas mortgage rates and how you can save money with a lower rate.

What Is a Mortgage Rate?

A mortgage rate, also called interest rate, is part of the borrowing costs when taking out a loan. 

  • It adds to the monthly payment for your house loan.
  • It’s a percentage of your total loan balance.

Borrowers can choose between two mortgage loan types.

  • A fixed-rate mortgage means a consistent interest rate.
  • An adjustable-rate mortgage (ARM) involves a fixed initial rate for several years and then a periodically changing interest rate. Your monthly principal and interest payment may increase after the introductory period, such as five or seven years.

Factors Affecting Mortgage Rates

Lenders set mortgage rates depending on the following overall economic factors:

  • Economic growth: High demand leads to higher mortgage rates.
  • Employment rates: High unemployment rates causes mortgage rates to decrease.
  • Housing market: Fewer new homes and more people renting lead to lower mortgage rates.
  • Inflation: Rising inflation means higher mortgage rates.
  • Federal Reserve (the US central bank): Federal fund rate changes impact mortgage rates.
  • Stock and bond markets: A declining stock market means lower mortgage rates. 

Lenders also consider the following factors involving your financial situation.

  • Loan amount, type, and term
  • Down payment
  • Credit score and history
  • Debt-to-income ratio
  • Loan-to-value ratio
  • Location of the home you’re buying

A credit score of 760 or higher, a 20% down payment, and a low debt-to-income ratio will help you get the most attractive rates.

2024 Mortgage Rates in Texas

Loan programs and mortgage rates vary from state to state.

Mortgage rates were record-low in 2021, followed by a steep increase that doubled the rates in 2022 and 2023. We are anticipating declines in the rates as we head into the 2024 1st and 2nd Quarters. 

Many analysts predict mortgage rates to pull back this year and dip into the 5-percent range. Although others forecast rates might get higher.


Note: Refinance rates can be higher than average rates.

Save Money With a Lower Mortgage Rate

Whether buying a new home or refinancing, it’s now more important than ever to shop around before choosing a lender.

You can also take proactive steps to make responsible financial decisions and prove to lenders that you’re a dependable borrower.

Establish a Good Credit History

A favorable credit history indicates that you’re a responsible borrower. 

Lenders will offer better rates to low-risk borrowers who likely won’t default on their loans.

To build a good credit score:

  • Pay all bills in full on time.
  • Keep your overall debt below 30% of your total credit.
  • Avoid applying for numerous cards within a short period.
  • Monitor your credit report.

Save Up For a 20% Down Payment or Higher

A higher down payment can reduce your mortgage rate. Save up for several months once you’ve decided to buy a home.

Purchase Discount Points

Buying mortgage discount points means pre-paying interest on your loan. This can help decrease your interest rate.

Compare Loan Offers

Talk to at least three lenders instead of going with the first lender you find. You can search online, call lenders, or visit a local branch to get a loan estimate.

Get Help From a Mortgage Broker

A mortgage broker serves as a middleman between you and prospective lenders.

  • They can help you save time and money by finding the best deals, vetting loans, and handling the mortgage process.
  • They will talk to lenders and negotiate rates on your behalf.
  • They will match you with the right lender that fits your financial situation and borrowing needs.

Key Takeaways

  • Mortgage rates change daily, so it’s important to know the current rates and shop around before getting a loan.
  • It’s best to maintain a good credit history and pay off debts.

Don’t know where to start? We’d love to help!

We will compare multiple lenders, evaluate your financial needs, and find the lowest rate for you. 

Contact us today, and one of our mortgage experts will guide you throughout the process.