Austin Mortgage Rate Update

Posted on Friday, February 27th, 2009 at 9:41pm.

by Ben Morton Rates ended up pretty steady this week; but that’s not to say there wasn’t any fluctuation. We are continuing to see more and more interaction in the mortgage industry from Washington. The FHA limit has been pushed back up to $288,750. Even more exciting news is now a borrower can have 10 mortgage loans; this has been increased from 4. It’s going to be interesting to see how government interaction continues to change the mortgage industry as a whole. For now, rates are as follows: CONFORMING 30 Yr Fixed 5.000%, 1 pt. 15 Yr Fixed 4.875%, 1 pt. JUMBO 7 Yr ARM 6.1, 1 pt. Note: The Austin Mortgage Rate Update is provided by Ben Morton. Great Austin Properties, LLC does not receive any monetary gain nor do we guarantee the rates quoted above. We provide this information to you to help keep you informed of the Austin market.

Leave a Comment