Month: July 2009

• Mortgage

Understanding Mortgage Rates – Texas

By Leesa Sandoval

July 6, 2009

As a consumer, it’s important to understand that mortgage rates change with the movement in the bond market, specifically the value of mortgage-backed securities. These changes happen daily and sometimes multiple times a day. Rates will vary from program to program. For example, rates on USDA loans are a bit higher than FHA loans because USDA allows for 100% financing.