Texas Mortgage Rate Trends on 30-Year Mortgages by Earth Mortgage

Texas mortgage rates in 2008 have been increasing on a slow and unsteady path. The overall trend from January 2008 is up, but there is a lot of up and down movement in the week-to-week trend. Earth Mortgage is a leading resource for information about Texas mortgage rates.

According to Freddie Mac's Weekly Primary Mortgage Survey, the average 30-year Texas mortgage rate for the week ending January 3, 2008 was 6.07%. But starting the following week and continuing for six consecutive weeks, the 30-year Texas mortgage rate was below 6%, hitting a 2008 low of 5.48% the week of January 24. But that week turned out to be a short-lived trend when the following week the 30-year interest rate climbed back to 5.68%, almost identical to what it was the week of January 17.

Trends are interesting. Looking backwards, it's easy to see interest rate trends. But looking forward it's not so easy. This is especially true with Texas mortgage rates. Through February 14, 2008 the trends looked down to flat. But then during the week of February 21, the rates shot up above 6%. So then it was time to panic, right? Especially when considering the Texas mortgage rates the week of February 28, which had risen a full quarter percent to 6.24%, the trend was clearly up, right? Not so fast. By March 20 the 30-year Texas mortgage rates had fallen again to 5.87%. There they stayed for the following four weeks.

Now jump ahead to today. The 30-year Texas mortgage rates the week July 3, 2008 were 6.35%. The recent interest rate trend is definitely up. But what about next week, will the interest rates continue to go up?

The quick answer is that nobody knows with certainty what will happen to Texas mortgage rates in the future. But the experts at Earth Mortgage can help you understand the likelihood of changing interest rates and, more importantly, how they could impact your personal real estate decisions.

The bottom line is that you, the consumer, don't need to understand the mysterious workings of Texas mortgage rates. At Earth Mortgage, we are a direct lender, which means you are assured of getting low current mortgage rates.

But don't take our word. Here's a an excerpt from a letter we received from a satisfied customer:

"I'm writing this email to let you know how pleased I am with Earth Mortgage and my broker Eric's quality of service. I spoke with numerous different mortgage brokers during my search to refinance, and what instantly set Eric apart from the others were his knowledge about mortgages and his desire to make surethat I select the right program that fits my objective.

I have recommended you to others and look forward to doing business for years to come.

Sincerely,
M. Popil"

Earth Mortgage currently offers low Texas mortgage rates on a complete line of mortgage products including sub-prime, conventional, VA, stated income, no income no asset and second mortgage products.

At Earth Mortgage, you can always count on the most knowledgeable staff to answer your questions, accurately and quickly, and to offer the very best opportunities for savings whether refinancing or financing a new mortgage.

We invite you to check out our competition. You will see, as M. Popil did, that Earth Mortgage has the lowest cost and best access to Texas mortgage rates and most efficient loan process on the web!

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