Texas Mortgage Rates Today — Compare TX Lenders
The average 30-year fixed mortgage rate in Texas is currently 6.58% APR. Texas is one of the most active mortgage markets in the US, with no state income tax and major metros continuing to attract businesses and residents. Compare today’s rates from top Texas lenders across all major loan types below.
Texas Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $400,000 loan on a single-family primary residence in Texas.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.58% | 6.58% | Most Popular |
| 15-Year Fixed | 5.93% | 5.93% | Pay off faster, save interest |
| 5/1 ARM | 6.70% | 6.70% | Short-term owners |
| FHA 30-Year | 6.25% | 6.25% | Low down payment |
| VA 30-Year | 6.08% | 6.08% | Veterans & military |
| 30-Year Refinance | 6.70% | 6.70% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Texas
Texas is one of the most active mortgage markets in the United States. With no state income tax, a growing population, and major metro areas continuing to attract new residents, the demand for home financing across Texas remains consistently high — which means strong lender competition and generally competitive rates for borrowers.
Texas offers diverse housing markets — from the luxury Hill Country to affordable West Texas markets. The state’s strong employment base in energy, technology, and healthcare supports stable housing demand across all major metros.
What Affects Your Texas Mortgage Rate?
Several key factors influence the rate a Texas lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.