This week's pricing
Pricing is national and set by the file, not by the state line. What varies by state is everything around it — taxes, assistance, loan limits — which is the rest of this page.
These are survey averages, not offers. Source: Freddie Mac Primary Mortgage Market Survey, retrieved from FRED (Federal Reserve Bank of St. Louis), series MORTGAGE30US. Survey week ending July 30, 2026; retrieved by us on August 1, 2026. Not a quote, not a commitment to lend, and not a rate available to any particular borrower.
No APR is stated with these figures because none exists to state. The Primary Mortgage Market Survey reports note rates only; an annual percentage rate depends on the finance charges of a specific transaction, which a national survey does not collect. These are third-party market observations, not rates offered by BankPricer, and no credit is offered on their terms.
Both series, with their 52-week context
| Product | Survey average | Prior week | 52-week low | 52-week high |
|---|---|---|---|---|
| 30-year fixed | 6.66% | 6.58% | 5.98% | 6.66% |
| 15-year fixed | 6.04% | 5.96% | 5.35% | 6.04% |
Survey averages for the week ending July 30, 2026 (Freddie Mac Primary Mortgage Market Survey via FRED, retrieved August 1, 2026). These are weekly national averages from a survey of lenders, not quotes and not offers of credit. The published survey basis is a conventional, conforming, owner-occupied purchase loan with an 80% loan-to-value ratio and a borrower with strong credit; it is an average across lenders and regions, so no individual borrower was offered it. Your own rate depends on your credit profile, loan amount, loan-to-value ratio, occupancy, property type, lock period and program, and your annual percentage rate will be higher than any note rate once costs are included. Rates change without notice. This is not a commitment to lend.
Any payment figure elsewhere on this site reflects principal and interest only and does not include property taxes, homeowners insurance, mortgage insurance, or HOA dues — your actual monthly obligation will be greater.
We archive every retrieval, so the figures shown on any given day can be shown to be the figures that were published on that day.
What actually shapes the Texas market
The largest purchase market in the country
Dallas-Fort Worth, Houston, San Antonio, and Austin together produce more purchase originations than any other state. Texas is also a leading destination for corporate relocation, which keeps purchase demand active through rate cycles. Volume means lender competition — competition that only reaches you if you look past the first offer.
No state income tax
Texas levies no state income tax, so take-home pay is higher than in states that do. Lenders qualify on gross income, so this does not increase your loan amount — but it does change the real cash flow behind the payment, which is a different and more useful question than what you can be approved for.
Property taxes offset the income tax saving
The effective rate averages around 1.68% and varies significantly by county, with Harris (Houston) and Travis (Austin) often exceeding 2.0%. On a $310,000 home that is roughly $5,208 a year, or about $434 a month. The homestead exemption removes $100,000 from the assessed value on a primary residence, which reduces the burden without eliminating it. Lenders count the full tax payment in the debt-to-income ratio.
Texas is the largest and most competitive mortgage market in the country. The competition does not help you unless you are actually comparing what more than one lender will do with your file.
Loan programs in Texas
- Conventional (Fannie/Freddie): 3% to 20% down. The workhorse structure; most Texas purchases fall inside conforming limits.
- FHA: 3.5% down at 580+ credit. Heavily used in San Antonio, El Paso, and suburban Houston.
- VA: Zero down, no monthly mortgage insurance. Texas has the second-largest veteran population of any state, with Fort Cavazos, Joint Base San Antonio, Fort Bliss, and NAS Corpus Christi.
- DSCR (investor): Qualifies on rental income with no personal documentation. Houston, Dallas, San Antonio, and Fort Worth are among the most active DSCR markets nationally. Houston, Dallas, San Antonio, Austin.
- Jumbo: For loan amounts above the conforming limit for the county. Used in Austin, Highland Park and University Park in Dallas, and River Oaks and Memorial in Houston.
- HELOC: Texas applies its own constitutional limit — total mortgage debt plus HELOC cannot exceed 80% of appraised value. More restrictive than most states, and a common surprise.
Texas markets we publish
High purchase volume; deep investor market.
Corporate relocation hub.
Military employment base; heavy FHA share.
Technology employment; higher price points, jumbo common.
Western DFW expansion corridor.
How to compare offers in Texas
- Compare on the Loan Estimate, not on the rate. Page 2 carries the fees; page 3 carries the five-year cost and the APR. A lower rate with higher fees frequently loses.
- Compare on the same day. Pricing moves intraday, so a quote from Tuesday and a quote from Friday are not a comparison of lenders.
- Compare on the same lock period. A 30-day lock prices better than a 60-day lock; matching that up is a common way people compare two different things.
- Count the property tax line. In Texas it moves your debt-to-income ratio, which moves what you qualify for — not just what you pay.
- Check assistance eligibility before you apply. Several programs must be in place at application and cannot be added afterwards.
Questions we get about Texas
- Does having no state income tax help me buy?
- Not on the qualifying side. Lenders use gross income, so no-income-tax status does not increase your approved loan amount. It does increase real take-home cash flow, which affects your ability to carry the payment, build reserves, and absorb maintenance — the things that decide whether a loan you qualified for was a good idea.
- Is Texas workable for rental investment?
- Houston, Dallas-Fort Worth, and San Antonio consistently rank among the more active metros for rental property purchases. Population growth from corporate relocation, no state income tax, and a business-friendly regulatory environment support long-term rental demand. DSCR loans are available in every major Texas market and qualify on property rental income without personal income documentation.
- How much do Texas property taxes affect my mortgage?
- Substantially. The effective rate averages around 1.68% — roughly $434 a month on a $310,000 home — and Harris, Travis, and Collin counties run higher. Lenders count the full property tax payment in your debt-to-income ratio, which reduces the loan amount you qualify for. The $100,000 homestead exemption on a primary residence offsets part of it.
Already have a Loan Estimate for a Texas property?
Send it over. You get where the rate, the points, and the fees sit against the current wholesale panel — including the case where the offer you have is already good and the answer is to take it.
Other states
Figures on this page
Every figure below was migrated from the production Texas page. None was generated. Each still needs a citation and a retrieved-on date before this page is published:
- Effective property tax rate (1.68%), median home price ($310,000), and county-level rates: migrated from the production state page without citations. Verify against the Texas Comptroller and county appraisal districts.
- The $100,000 homestead exemption reflects the 2023 constitutional amendment. Verify the current amount before publication.