If you're getting ready to buy a new home or refinance your mortgage in Texas, understanding current rates is key. That said, these rates aren't set in stone, and they change based on factors like economic conditions,

Mortgage rates need to get below 6% to reinvigorate the frosty housing market, according to the National Association of Realtors (NAR). A 30-year fixed-rate mortgage at 6% would make the median-priced home affordable for about 5.5 million more households, NAR economists shared at the July 16 Real Estate Forecast Summit.

Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan. The national median family income for 2025 is $104,200,