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Are mortgage rates higher in TX?
Posted on 1/18/15 at 6:02 am
Posted on 1/18/15 at 6:02 am
Can't think of any reason why they would be but according to my girlfriend who works in a related industry, it's not common to see people close residential deals there with a sub 4% rate.
She claims (and I don't know if she's full of it) that Texas rates are substantially higher than national rates.
Is there some truth to this? I can't find anything reliable to back that claim.
She claims (and I don't know if she's full of it) that Texas rates are substantially higher than national rates.
Is there some truth to this? I can't find anything reliable to back that claim.
4
Posted on 1/18/15 at 8:21 am to Powerman
My brother-in-law is (stupidly) locked in with a 3.875% rate in Austin, Texas.
That's with a $5k down payment on a house he's buying for the asking price because as he says, "In Austin, he'll definitely make money off it in a few years when he wants to sell it."
That's with a $5k down payment on a house he's buying for the asking price because as he says, "In Austin, he'll definitely make money off it in a few years when he wants to sell it."
Posted on 1/18/15 at 8:22 am to StringedInstruments
quote:
3.875% rate
sounds like a good rate for a 30 year to me
Posted on 1/18/15 at 9:16 am to Powerman
We just moved back to LA from The Woodlands but we had a 3.75% over there
Posted on 1/18/15 at 9:23 am to Powerman
quote:
She
There is your problem. I just did a quick comparison on bankrate, both TX and LA zip codes were about the same.
Posted on 1/18/15 at 12:16 pm to LSUSUPERSTAR
quote:
There is your problem.
That's what I thought
Posted on 1/18/15 at 7:51 pm to Powerman
Is she comparing jumbo to non jumbo loans?
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