Texas mortgage rates fluctuate daily based on market conditions. Rates in Texas tend to track closely with national averages, though the state's strong job market and population growth can influence local lending competition. Check our live rate widget above for today's Texas-specific rates across all loan types.

Texas has some of the highest property taxes in the nation, averaging 1.60-1.80% of assessed value. On a $350,000 home, that's roughly $5,600-$6,300 per year added to your escrow. Lenders factor this into your debt-to-income ratio, which can reduce your maximum loan amount compared to lower-tax states.

Rates are generally consistent across Texas metro areas since most lenders price at the state level. However, home prices vary significantly — Austin's median is higher than Houston or San Antonio — which affects whether you need a conforming or jumbo loan, and jumbo rates are typically 0.25-0.50% higher.

Yes, large portions of Texas qualify for USDA zero-down loans. Eligible areas include communities outside major metro boundaries — many suburbs 30+ miles from Houston, Dallas, Austin, and San Antonio city centers qualify. USDA loans offer competitive rates and no down payment requirement.

Whether refinancing makes sense depends on your current rate versus today's rates and how long you plan to stay. Texas has a unique refinance rule: cash-out refinances are capped at 80% loan-to-value under the Texas Constitution. A general rule is refinancing saves money if you can reduce your rate by at least 0.50-0.75%.