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Texas has some of the highest property tax rates in the country, which in turn has held down real estate prices & made price shifts across the state more tame than in other states like California which have had repeated booms & busts. From 1984 to 1992 homeownership across the state fell from 62.5% to 58.3%.
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Texas Rates Mortgage Heloc Houston Rates. – Houston Mortgage Rates – Lender411.com – Mortgage rates for Houston, Texas on Lender411 for 30-year fixed-rate mortgages are at 4.08%. That dropped from 4.10% to 4.08%. The 15-year fixed rates are now at 3.63%. The 5/1 ARM mortgage for Houston, Texas is now at 4.13%.
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Current rates in Texas are 4.293% for a 30-year fixed, 3.694% for a 15-year fixed, and 3.84% for a 5/1 adjustable-rate mortgage (ARM).