Mortgage Rates in Texas: Today's Rates & Trends (2026)
As of September 24, 2026, the Freddie Mac PMMS 30-year fixed rate is 7.03%, crossing 7% for the first time since January 2025. This marks the fifth consecutive week of rate increases. The 15-year fixed rate is 6.42%. Your actual rate depends on credit, down payment, loan amount, property type, and lender pricing. Call 972-466-2551 for today's pricing.
Mortgage rates in Texas track national benchmarks like the Freddie Mac PMMS. As of September 24, 2026, the PMMS 30-year fixed rate is 7.03%, up from 6.95% the prior week and crossing 7% for the first time since January 2025. This is the fifth consecutive week of increases. Your actual rate depends on credit, down payment, loan amount, property type, and lender pricing. Rates change daily and are subject to change without notice.
Current mortgage rates in Texas
As of September 24, 2026, the Freddie Mac PMMS 30-year fixed rate is 7.03%, up from 6.95% the prior week. The 15-year fixed rate is 6.42%, up from 6.26%. These are national benchmarks for conventional, conforming, fully amortizing loans with 20% down and excellent credit. Your actual rate depends on your credit, down payment, loan amount, property type, and the lender's pricing. Rates change daily and are subject to change without notice. Call 972-466-2551 for today's pricing.
| Loan Type | PMMS Rate (9/24/26) | Prior Week | Typical Texas Range |
|---|---|---|---|
| 30-year fixed conventional | 7.03% | 6.95% | 6.75% to 7.75% |
| 15-year fixed conventional | 6.42% | 6.26% | 6.00% to 7.00% |
| FHA 30-year fixed | — | — | 6.50% to 7.50% |
| VA 30-year fixed | — | — | 6.25% to 6.75% |
| Jumbo 30-year fixed | — | — | 7.00% to 8.00% |
| 5/1 ARM | — | — | 6.00% to 7.00% |
| 7/1 ARM | — | — | 6.20% to 7.20% |
PMMS = conventional, conforming, fully amortizing, 20% down, excellent credit. FHA, VA, jumbo, and ARM rates are estimates based on typical spreads. Your rate depends on credit, down payment, loan amount, property type, and market conditions. Rates are subject to change without notice.
Rate trend: five consecutive weeks of increases
Mortgage rates have risen for five consecutive weeks, with the 30-year fixed crossing 7% for the first time since January 2025. The increase reflects stronger-than-expected labor market data, ongoing inflation concerns, and shifting Federal Reserve policy expectations. Rates remain well below the 8% peak seen in October 2023 but have risen significantly from the 5.98% low seen in February 2026. Most economists expect rates to remain in the 6% to 7% range through the end of 2026.
Mortgage rates by program
| Program | Typical Rate Range | Best For |
|---|---|---|
| Conventional | 6.75% to 7.75% | Strong credit, 20% down, PMI removable |
| FHA | 6.50% to 7.50% | Lower credit scores, 3.5% down |
| VA | 6.25% to 6.75% | Eligible veterans, zero down, no monthly MI |
| USDA | 6.50% to 7.50% | Rural properties, income limits apply |
| Jumbo | 7.00% to 8.00% | Loan amounts above $832,750 |
| DSCR | 7.50% to 8.75% | Investment properties, qualifies by rental income |
How to get the best mortgage rate in Texas
- Improve your credit score. Pay down credit cards, avoid new inquiries, and correct errors.
- Save for a larger down payment. 20% eliminates PMI and often earns a better rate.
- Shop multiple lenders. Rates vary by 0.25% to 0.50% between lenders.
- Consider a 15-year term for a lower rate, or an ARM for a lower initial rate.
- Lock your rate when you are satisfied. In a rising rate environment, locking sooner is generally safer than floating.
Why Liberty Home Mortgage: We are a Dallas-Fort Worth mortgage company, and we shop your loan across multiple wholesale lenders to find competitive pricing. Aslam Mansoor answers at 972-466-2551 and will show you actual rate quotes, not advertised teasers.
PMMS as of September 24, 2026: 30-year fixed 7.03%, 15-year fixed 6.42%. Five consecutive weeks of increases. First time above 7% since January 2025. Rates change weekly. Your rate depends on credit, down payment, loan amount, property type, and lender pricing.
Worked example (illustrative only): A Lewisville borrower with 740 credit, 20% down, and a $400,000 loan amount might see a 7.00% rate from one lender and 7.25% from another. On a $400,000 loan, that 0.25% difference saves $67 per month or $24,120 over 30 years. Shopping multiple lenders matters. Your numbers depend on your credit, down payment, and market conditions.
Where Liberty Home Mortgage lends:
Mortgage Rates Texas FAQ
What is the current mortgage rate in Texas?
As of September 24, 2026, the Freddie Mac PMMS 30-year fixed rate is 7.03%, up from 6.95% the prior week. This is the fifth consecutive week of increases and the first time above 7% since January 2025. Your actual rate depends on credit, down payment, loan amount, property type, and lender pricing. Rates change daily and are subject to change without notice. Call 972-466-2551 for today's pricing.
Why have mortgage rates been rising?
Rates have risen for five consecutive weeks due to stronger-than-expected labor market data, ongoing inflation concerns, and shifting Federal Reserve policy expectations. The 30-year fixed crossed 7% for the first time since January 2025.
Are mortgage rates higher in Texas?
No. Mortgage rates are national, set by the bond market and Fannie Mae/Freddie Mac pricing. Texas-specific factors like property taxes and insurance affect your monthly payment but not the interest rate itself.
What credit score do I need for the best mortgage rate?
Fannie Mae's DU has applied no minimum credit score since November 16, 2025, evaluating files holistically. However, higher scores still earn better pricing. Borrowers with 760+ credit typically see the best rates. Individual lenders may apply their own overlays.
Should I lock my rate now or wait?
In a rising rate environment, locking sooner is generally safer than floating. Rates have increased five consecutive weeks. Discuss timing with your loan officer to determine the best strategy for your situation.
How much does a 0.25% rate difference matter?
On a $400,000 loan, a 0.25% rate difference saves approximately $67 per month or $24,120 over 30 years. Shopping multiple lenders is one of the most effective ways to save money on your mortgage.
Related resources:
Ready to lock your rate? Call 972-466-2551 or apply online today.