Current mortgage rates in Texas

What is the Freddie Mac weekly rate on this page?

The Primary Mortgage Market Survey (PMMS) is a national average, not a quote and not a Texas-only figure. Freddie Mac builds it from thousands of loan applications submitted through its Loan Product Advisor system. It tracks 30-year and 15-year fixed-rate conventional purchase loans.

The survey assumes a strong starting point: good to excellent credit, 20% down, and a one-unit, owner-occupied single-family home. Freddie Mac publishes it on Thursdays at 12 p.m. ET, averaging rates offered from the prior Thursday through Wednesday. Use it to see which way rates are moving.

Why could my Texas mortgage rate be different?

Lenders price each loan on its own risk. The main levers are your credit score, down payment, discount points and loan type, since conventional, FHA, VA and USDA loans price differently.

Property taxes matter a lot in Texas. The state has no property tax of its own; local taxing units such as school districts, cities and counties set the rates, so the bill varies by address. Taxes and homeowners insurance are part of the estimated monthly payment on your Loan Estimate. A higher tax bill raises the payment you must qualify for, so test each address in the mortgage calculator.

What is the difference between the rate and the APR?

The interest rate is the yearly cost of borrowing the money itself. The APR is broader: it adds points, broker fees and certain other loan charges. That is why the APR is usually higher than the rate, and why it is the stronger figure for comparing total cost between offers.

When should I lock my mortgage rate?

A rate lock holds your rate from offer to closing, as long as you close within the lock period and your application does not change. Locks commonly run 30, 45 or 60 days, and extending one can be expensive. A change in loan type, down payment, credit or verified income can still change the rate.

Ask each lender what the lock covers, what an extension costs, and what happens if rates drop after you lock. Match the lock to your closing date.

How do I compare Loan Estimates from different lenders?

Every lender must send you a standard three-page Loan Estimate within three business days of your application. Because the form is the same everywhere, offers line up side by side. Page 1 shows the rate, monthly payment and estimated closing costs. Page 2 breaks out loan costs and the services you can shop for. Page 3 shows the APR.

Request estimates on the same day, for the same loan type and down payment. Set a price range first with the affordability calculator, and check first-time home buyer programs in Texas, since state programs come with their own first mortgage.

Who gives me an actual rate quote?

A licensed loan officer gives rate quotes. Mariela Lovo Ol is a REALTOR®, not a lender, and does not quote or set rates. She coordinates your offer and closing dates with your loan officer. Contact Mariela when you are ready.

Lender rules and loan programs change often, and assistance funding can run out. Verify current terms with the program administrator and a participating lender before you commit.

Common questions

Is the rate on this page the rate I will get?

No. It is Freddie Mac's weekly national average for conventional purchase loans with strong credit and 20% down. Your rate depends on your credit, down payment, points, loan type and property. A Loan Estimate from a lender shows your actual figure.

How often does the Freddie Mac rate update?

Weekly. Freddie Mac publishes the survey on Thursdays at 12 p.m. ET, covering rates offered from the prior Thursday through Wednesday. When a holiday falls on a Thursday, it comes out on Wednesday instead.

Do Texas property taxes change how much I can borrow?

They can. Property taxes are part of the monthly payment a lender estimates, and local taxing units set the rates, so they differ by address. A higher tax bill leaves less room in your budget for principal and interest.

Should I compare the APR or the interest rate?

Look at both, but use the APR to compare total loan cost, because it includes points and certain fees. Make sure the offers use the same loan type, term and down payment.

How much house can I afford? Contact

Sources

1. Primary Mortgage Market Survey (PMMS), Freddie Mac (read 2026-09-24)
2. Loan Estimate explainer, Consumer Financial Protection Bureau (read 2026-09-24)
3. What is a Loan Estimate?, Consumer Financial Protection Bureau (read 2026-09-24)
4. What's a lock-in or a rate lock?, Consumer Financial Protection Bureau (read 2026-09-24)
5. What is the difference between a mortgage interest rate and an APR?, Consumer Financial Protection Bureau (read 2026-09-24)
6. Property Tax, Texas Comptroller of Public Accounts (read 2026-09-24)
7. Programs — The Texas Homebuyer Program, Texas Department of Housing and Community Affairs (read 2026-09-24)
8. My First Texas Home Program Matrix (published August 17, 2026), Texas Department of Housing and Community Affairs (read 2026-09-24)
9. My Choice Texas Home Program Matrix (published August 17, 2026), Texas Department of Housing and Community Affairs (read 2026-09-24)
10. Texas Mortgage Credit Certificate Program, Texas Department of Housing and Community Affairs (read 2026-09-24)
11. Homebuyer Programs, Texas State Affordable Housing Corporation (read 2026-09-24)
12. Loans and Down Payment Assistance, Texas State Affordable Housing Corporation (read 2026-09-24)
13. 42 U.S. Code § 12704 — Definitions (first-time homebuyer), Legal Information Institute, Cornell Law School (read 2026-09-24)
14. Loans (FHA), U.S. Department of Housing and Urban Development (read 2026-09-24)
15. VA-backed purchase loan, U.S. Department of Veterans Affairs (read 2026-09-24)
16. Single Family Housing Guaranteed Loan Program, USDA Rural Development (read 2026-09-24)
17. Dallas Homebuyer Assistance Program (DHAP), City of Dallas, Housing & Homelessness Division (read 2026-09-24)
18. Dallas Homebuyer Assistance Program (DHAP), Business and Community Lenders of Texas (read 2026-09-24)
19. Homebuyer Assistance Program, City of Fort Worth (read 2026-09-24)
20. Down Payment Assistance (program list and status), Housing Channel (read 2026-09-24)
21. Tarrant County Housing Assistance Program, Housing Channel (read 2026-09-24)
22. HOME Investment Partnership Program, Tarrant County Community Development and Housing Department (read 2026-09-24)
23. MCC with Down Payment Assistance, Garland Housing Finance Corporation (read 2026-09-24)
24. Buying Power Program, City of Grand Prairie, Housing and Neighborhood Services (read 2026-09-24)
25. Homebuyer Down Payment Assistance Program, City of Irving, Housing & Redevelopment (read 2026-09-24)
26. Down Payment Assistance Program, City of Mesquite (read 2026-09-24)
27. Down Payment Assistance Program, City of Frisco (read 2026-09-24)
28. Homebuyer Assistance, City of McKinney (read 2026-09-24)
29. Home Loan Counseling Center, Dallas County Health and Human Services (read 2026-09-24)
30. Upfront Cost Assistance Program (UPCAP) Information Letter, 7/1/2023, Dallas County Home Loan Counseling Center (read 2026-09-24)
31. Homebuyer Resources, City of Denton (read 2026-09-24)
32. First Time Homebuyers Education Class, City of Plano (read 2026-09-24)

For illustration only. This is not a loan offer, a commitment to lend, or an advertisement of credit terms. Actual rates, payments and eligibility depend on your lender, credit, and the property. Talk to a licensed loan officer for a quote.