Question 1

What are current mortgage rates in Texas?

Accepted Answer

As of March 2026, mortgage rates in Texas are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Texas housing market like?

Accepted Answer

Texas has seen rapid population growth and housing demand, especially in metros like Austin, Dallas, and Houston. While prices have risen sharply since 2020, Texas remains more affordable than coastal states. Property taxes are among the highest in the nation, which buyers should factor into their total cost.

Question 3

How do I get the best mortgage rate in Texas?

Accepted Answer

To get the best mortgage rate in Texas, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Texas Today

Current Rate Ranges in Texas

Texas Housing Market Overview