$32M Earmarked for Houston-Area Development – Texas. Greystone provided the construction funding, which starts as a ground-up construction loan before converting into a 40-year permanent, fixed-rate, non-recourse fully amortizing loan after.
Compare Houston Mortgage Rates and Loans – realtor.com® – Current rates in Houston, Texas are 4.14% for a 30 year fixed loan, 3.41% for 15 year fixed loan and 3.68% for a 5/1 ARM. Houston Mortgage Rates Today Monday, June 17
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Other Houston mortgage types mixed. The average rate for 15-year fixed-rate mortgages rose 2 basis points, growing to 3.55 percent. Monthly payments on a hypothetical $165,000, 15-year fixed-rate mortgage ticked up along with rates, scaling up $1.62 to $1,183.61.
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The higher property tax rates help hold down real estate prices during booms which in turn makes Texas real estate less cyclical than states like California. The average tax rate across the state is 2.06%, costing homeowners around $4,660 per year.
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A Houston mortgage refinance loan will not only lower your mortgage, but it will lighten your monthly payment just in time to get that deck ready for barbecue season! Rates are currently about 4% and now’s the time to lock in that rate and reach out to a lender.
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