Current Mortgage Rates Texas | Refinance Rates| Investment Home Equity Loans | Texas   (April 24)

Lubbock Texas Mortgage Refinance

Our office phone is 512-996-8194, we help people all over Texas buy or refinance homes.  Our main office is in Austin, Texas and help people all over West Texas.

40-Year Fixed 6.500% 6.700%
30-Year Fixed  6.125% 6.353%
20-Year Fixed 6.125% 6.427%
15-Year Fixed 5.625% 5.999%
5-Year ARM 6.000% 5.839%

Texas Jumbo Mortgage Rates: Amounts that exceed conforming loan limits of $417,000…
40/30 Fixed-Rate Balloon 8.000% 8.152%
30-Year Fixed 7.375% 7.535%
15-Year Fixed 6.500% 6.749%
10-Year ARM 7.875% 7.239%
5-Year ARM 7.125% 6.216%
Austin FHA – loan limits vary by county. 
30-Year Fixed 6.500% 7.229%

Mortgage Rates are higher this morning.  The Labor Department reported that the number of U.S. workers filing initial claims for unemployment benefits unexpectedly fell by 33,000 last week. 

 Remember, when there is good economic news mortgage rates tend to go up, when there’s bad economic news mortgage rates go down.  

The Labor Department reported that the number of U.S. workers filing initial claims for unemployment benefits unexpectedly fell by 33,000 last week. Analysts expected an increase to 375k from 372k last week. The four-week moving average of new claims, a more reliable guide to underlying labor trends because it irons out weekly fluctuations, fell last week to 369,500 from 376,750. (And fewer people filing claims means more are working, and consumer confidence will increase, right? Perhaps.)

We also saw new orders for long-lasting U.S. manufactured goods unexpectedly fall 0.3% in March after transportation slumped. The Commerce Department said new orders excluding transportation rose 1.5%, while transportation equipment fell 4.6%, including a matching drop in motor vehicles and parts which was the steepest drop since last August. Nondefense capital goods orders excluding aircraft were unchanged as forecast and the previous month was revised up to show a 2.0 percent decline, from a 2.4 percent drop reported before.

Lubbock MLS Search  http://www.lubbockrealtors.com/

Lubbock Banks http://local.yahoo.com/TX/Lubbock/Legal+Financial+Services/Banks/index.html

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