Port Aransas, Texas Refinance Rates Today for October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Port Aransas, Texas refinance rates today start at 5.75% for a 30 year fixed and 5.475% for a 15 year fixed, compared with Texas averages of 7.291% and 6.774%. Port Aransas, Texas mortgage refinance rates range from 5.12% to 8.63%, verified by MonitorBankRates as of October 31, 2026. Current mortgage refinance rates in Port Aransas, Texas include First Community Credit Union Houston, TXFirst Community Credit Union Houston, TXA+5.0 ★Texas Ratio: 3.58%Rate verified Oct 29, 2026 at 6.875%, Texas Dow Employees Credit UnionTexas Dow Employees Credit UnionA5.0 ★Texas Ratio: 13.90%Rate verified Oct 29, 2026 at 7.13%, Frost BankFrost BankA+5.0 ★Texas Ratio: 2.51%Rate verified Oct 31, 2026 at 5.75%, Chemcel Federal Credit UnionChemcel Federal Credit UnionA+5.0 ★Texas Ratio: 3.32%Rate verified Oct 28, 2026 at 6.054%, and Education First Federal Credit UnionEducation First Federal Credit UnionA+5.0 ★Texas Ratio: 3.82%Rate verified Oct 29, 2026 at 6.00%. Refinance rates as of October 31, 2026 according to verified data from MonitorBankRates.
Port Aransas homeowners can compare 233 refinance rates from 37 lenders serving the Texas area, including 1 local, with rates as low as 7.75% from Gulf Coast Federal Credit Union at 1726 State Highway 361 Ste A, Port Aransas, TX, 78373 5074. Lenders below quote one rate for purchase and refinance loans. Use the tabs to compare all loan types and terms, then run the break-even calculator further down. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to Texas homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: October 31, 2026
Compare Refinance Rates Today in Port Aransas, Texas & the Surrounding Area
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local Port Aransas, TX lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.175 points above the same lender’s purchase rate in Texas. That premium is shown for context only; every rate in the table is the lender’s posted rate.
Port Aransas 30 Year Fixed Refinance Rates
Monthly Principal & Interest: $1,971.00
- Oct 29, 20267.00%▼ from 7.14%
- Oct 26, 20267.14%first recorded
Refinance loan for current homeowners
Refinance loan for current homeowners; requires mortgage insurance; FHA guaranteed
30-year fixed rate; Income-based option. Homebuyers may qualify through either the income-based or location-based option; benefits cannot be combined. Example rates as of 10/5/26.
As Low As; 30-year fixed rates starting at 6.054% APR; Offered through Member First Mortgage, LLC (MFM)
Mortgage loan; APR shown is the lowest available rate; rates depend on individual creditworthiness
APR - Fixed Rate as low as
As Low As; Effective October 28, 2026; APR = Annual Percentage Rate
- Oct 29, 20266.75%▲ from 6.25%
- Oct 2, 20266.25%▲ from 6.10%
- Oct 1, 20266.10%▼ from 6.35%
- Sep 18, 20266.35%first recorded
Conventional Mortgage; 360 monthly payments; Total payment $1,576.63; Rate shown at 1.000 discount point; APR for this loan type is 7.083% per page text
- Oct 31, 20266.88%▼ from 7.34%
- Oct 22, 20267.34%first recorded
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20266.88%▼ from 6.99%
- Oct 19, 20266.99%▼ from 7.00%
- Oct 14, 20267.00%▼ from 7.13%
- Oct 10, 20267.13%▼ from 7.38%
Discount Point: 0.62%; Origination Point: 0.00%
- Oct 30, 20266.91%▼ from 7.09%
- Oct 19, 20267.09%first recorded
Lender Fee: 0.50%; Mortgage rates effective 10/29/2026
- Oct 30, 20266.98%▼ from 7.11%
- Oct 19, 20267.11%▼ from 7.24%
- Oct 14, 20267.24%▼ from 7.36%
- Oct 2, 20267.36%▲ from 7.24%
As Low As; Rates may include points.
- Oct 26, 20267.00%▼ from 7.13%
- Oct 14, 20267.13%▼ from 7.25%
- Oct 1, 20267.25%▲ from 7.13%
- Sep 27, 20267.13%▲ from 7.00%
No additional details available.
Purchase loan for military veterans; VA guaranteed
- Oct 29, 20267.08%▲ from 6.97%
- Sep 18, 20266.97%first recorded
30-year fixed rate; Location-based option (homes located in qualifying locations). Homebuyers may qualify through either the income-based or location-based option; benefits cannot be combined. Example rates as of 10/5/26.
Lock period 30 days; 20.000% down; minimum credit score 740; single family primary residence
- Oct 31, 20267.08%▼ from 7.34%
- Oct 22, 20267.34%first recorded
Payment per $10,000: $67; discount points may apply on Conventional 30 year loans (footnote **)
As Low As; Payment: 6,653.02 (payment column not a rate)
- Oct 30, 20267.14%▼ from 7.33%
- Sep 27, 20267.33%first recorded
Purchase transaction with 20% down payment; APR based on $100,000 loan amount for 80% LTV purchase
- Oct 19, 20267.15%▼ from 7.28%
- Oct 1, 20267.28%▲ from 7.02%
- Sep 27, 20267.02%first recorded
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.17%▼ from 7.43%
- Oct 14, 20267.43%▼ from 7.56%
- Oct 1, 20267.56%▲ from 7.17%
- Sep 27, 20267.17%▲ from 6.93%
Loan to Value: 80%
As Low As; Payment: 1,596.73
- Oct 30, 20267.19%▼ from 7.32%
- Oct 19, 20267.32%▲ from 7.07%
- Sep 18, 20267.07%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.46%
- Oct 8, 20267.46%▲ from 7.34%
- Oct 4, 20267.34%▲ from 7.21%
- Sep 25, 20267.21%▲ from 7.08%
Purchase loan
- Oct 29, 20267.21%▼ from 7.83%
- Oct 9, 20267.83%▲ from 7.71%
- Oct 2, 20267.71%▲ from 7.66%
- Sep 26, 20267.66%▲ from 7.33%
Rates current as of 10/30/2026
- Oct 31, 20267.21%▼ from 7.73%
- Oct 1, 20267.73%▲ from 7.21%
- Sep 18, 20267.21%first recorded
As Low As; Home Loans
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
Rates current as of 10/30/2026
- Oct 31, 20267.23%▼ from 7.75%
- Oct 1, 20267.75%▲ from 7.36%
- Sep 18, 20267.36%first recorded
Rates current as of 10/30/2026
- Oct 31, 20267.26%▼ from 7.77%
- Oct 1, 20267.77%▲ from 7.26%
- Sep 18, 20267.26%first recorded
Lock period 30 days; 20.000% down; minimum credit score 740; single family primary residence
- Oct 31, 20267.29%▼ from 7.41%
- Oct 22, 20267.41%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
For loans up to $832,750; Financing up to 95% available; Second home financing available
Lock period 45 days; 20.000% down; minimum credit score 740; single family primary residence
- Oct 31, 20267.36%▼ from 7.49%
- Oct 26, 20267.49%▼ from 7.87%
- Oct 22, 20267.87%first recorded
Rates current as of 10/30/2026
- Oct 31, 20267.41%▼ from 7.80%
- Oct 1, 20267.80%▲ from 7.29%
- Sep 18, 20267.29%first recorded
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.46%▼ from 7.72%
- Oct 10, 20267.72%▼ from 7.85%
- Oct 2, 20267.85%▲ from 7.72%
- Oct 1, 20267.72%▲ from 7.58%
Lender Fee: 0.50%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.49%▼ from 7.61%
- Oct 19, 20267.61%▼ from 7.74%
- Oct 10, 20267.74%▼ from 8.12%
- Oct 2, 20268.12%▲ from 7.74%
Rates current as of 10/30/2026
- Oct 31, 20267.60%▼ from 7.85%
- Oct 1, 20267.85%▲ from 7.34%
- Sep 18, 20267.34%first recorded
No additional details available.
No additional details available.
Rates current as of 10/8/2026
- Oct 15, 20267.76%▲ from 6.48%
- Sep 16, 20266.48%first recorded
Rates current as of 10/8/2026
- Oct 15, 20267.80%▲ from 6.91%
- Sep 16, 20266.91%first recorded
As Low As
- Oct 23, 20267.80%▲ from 7.25%
- Sep 18, 20267.25%▲ from 7.13%
- Sep 14, 20267.13%first recorded
Rates current as of 10/30/2026
- Oct 31, 20267.87%▼ from 8.38%
- Oct 1, 20268.38%▲ from 8.00%
- Sep 18, 20268.00%first recorded
As Low As; Construction Loan; Based on $800,000 loan amount with 80% CLTV and FICO>=740; Payment example $5850.65; Loan amount is financed upfront; disbursement based on defined contractual completion steps
- Oct 5, 20267.93%▲ from 7.68%
- Sep 25, 20267.68%▲ from 7.30%
- Sep 17, 20267.30%▲ from 6.92%
- Sep 14, 20266.92%first recorded
Rates current as of 10/30/2026
Rates current as of 10/8/2026
- Oct 15, 20268.22%▲ from 6.95%
- Sep 16, 20266.95%first recorded
Rates are based on a purchase transaction with a 0% down payment. APR is based on $100,000 loan amount for a 105% LTV purchase and reflects any pre-paid finance charge.
- Oct 19, 20268.31%▼ from 8.44%
- Oct 1, 20268.44%▲ from 8.18%
- Sep 27, 20268.18%▲ from 8.06%
- Sep 14, 20268.06%first recorded
Purchase loan; requires mortgage insurance; FHA guaranteed
- Oct 29, 20268.37%▲ from 8.23%
- Sep 18, 20268.23%first recorded
Port Aransas 15 Year Fixed Refinance Rates
Monthly Principal & Interest: $2,532.00
- Oct 29, 20266.24%▼ from 6.34%
- Oct 26, 20266.34%first recorded
Refinance loan for current homeowners
Payment per $10,000: $82; 1% origination loan fee applies on Conventional 15 year loans (footnote *)
Mortgage loan; APR shown is the lowest available rate; rates depend on individual creditworthiness
Mortgage/Land Loan; All rates quoted with zero points; APR assumes $100,000 loan amount and monthly repayment
- Oct 2, 20266.00%▲ from 5.75%
- Sep 14, 20265.75%first recorded
Loan to Value: 80%
APR - Fixed Rate as low as
No additional details available.
As Low As; Effective October 28, 2026; APR = Annual Percentage Rate
- Oct 29, 20266.25%▲ from 5.50%
- Oct 2, 20265.50%▲ from 5.00%
- Oct 1, 20265.00%▼ from 5.25%
- Sep 18, 20265.25%first recorded
Lender Fee: 0.50%; Mortgage rates effective 10/29/2026
- Oct 30, 20266.30%▼ from 6.42%
- Oct 19, 20266.42%▼ from 6.55%
- Oct 10, 20266.55%▼ from 6.67%
- Oct 2, 20266.67%▲ from 6.55%
As Low As; Both traditional and short-term options available. Rates may include points.
- Oct 19, 20266.38%▼ from 6.50%
- Sep 27, 20266.50%▲ from 6.25%
- Sep 18, 20266.25%▲ from 6.13%
- Sep 14, 20266.13%first recorded
Total payment $2,074.20 over 180 monthly payments; loan amount $240,000.00; 20.000% down; minimum credit score 740; single family primary residence purchase; rates as of 10/30/2026; APR shown on page is 6.705% (not in source table)
Discount Point: 0.97%; Origination Point: 0.00%
- Oct 30, 20266.43%▼ from 6.59%
- Oct 19, 20266.59%first recorded
Number of Payments: 180; Total Payment: $2,107.19; Interest rate for a $240,000.00 loan with 20.000% down and minimum credit score 740
- Oct 31, 20266.63%▲ from 6.50%
- Oct 26, 20266.50%▼ from 6.63%
- Oct 22, 20266.63%first recorded
As Low As; Payment: 2,074.20
- Oct 30, 20266.66%▲ from 6.53%
- Sep 18, 20266.53%▲ from 6.28%
- Sep 14, 20266.28%first recorded
Purchase transaction with 20% down payment; APR based on $100,000 loan amount for 80% LTV purchase
- Oct 19, 20266.69%▼ from 6.81%
- Oct 1, 20266.81%▲ from 6.56%
- Sep 27, 20266.56%first recorded
Purchase loan
- Oct 29, 20266.76%▼ from 7.63%
- Oct 9, 20267.63%▼ from 7.65%
- Oct 2, 20267.65%▲ from 7.54%
- Sep 29, 20267.54%▼ from 7.57%
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20266.91%▼ from 7.10%
- Oct 19, 20267.10%▼ from 7.12%
- Oct 14, 20267.12%▼ from 7.14%
- Oct 10, 20267.14%▼ from 7.20%
Rates current as of 10/30/2026
- Oct 31, 20266.92%▼ from 7.43%
- Oct 1, 20267.43%▲ from 7.04%
- Sep 18, 20267.04%first recorded
For loans up to $832,750; Financing up to 95% available; Second home financing available
Loan to Value: 90%
As Low As; Home Loans
Rates effective as of 10/28/2026; based on a 45 day lock
No additional details available.
No additional details available.
Rates current as of 10/30/2026
- Oct 31, 20267.10%▼ from 7.35%
- Oct 1, 20267.35%▲ from 7.10%
- Sep 18, 20267.10%first recorded
Rates current as of 10/8/2026
- Oct 15, 20267.16%▲ from 6.15%
- Sep 16, 20266.15%first recorded
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.17%▼ from 7.38%
- Oct 14, 20267.38%▼ from 7.41%
- Oct 10, 20267.41%▲ from 7.36%
- Oct 2, 20267.36%▼ from 7.38%
Lot/Land loan; Rate as low as 7.000%; based on a $120,000 loan amount with 80% CLTV and FICO>=740; payment example $1078.59
Lender Fee: 0.50%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.18%▼ from 7.43%
- Oct 19, 20267.43%▼ from 7.55%
- Oct 2, 20267.55%▲ from 7.43%
- Sep 27, 20267.43%▲ from 7.18%
As Low As; Payment example: $860.54
As Low As; Construction Loan; Based on $800,000 loan amount with 80% CLTV and FICO>=740; Payment example $7649.34; Loan amount is financed upfront; disbursement based on defined contractual completion steps
- Oct 5, 20267.46%▲ from 7.21%
- Sep 25, 20267.21%▲ from 6.83%
- Sep 17, 20266.83%▲ from 6.45%
- Sep 14, 20266.45%first recorded
As Low As; Effective October 28, 2026; APR = Annual Percentage Rate
- Oct 1, 20267.50%▲ from 7.38%
- Sep 18, 20267.38%first recorded
Lot/Land loan; Rate as low as 7.500%; based on a $120,000 loan amount with 80% CLTV and FICO>=740; payment example $1112.41
Rates current as of 10/8/2026
- Oct 15, 20267.92%▲ from 6.34%
- Sep 16, 20266.34%first recorded
Rates current as of 10/8/2026
- Oct 15, 20268.03%▲ from 6.47%
- Sep 16, 20266.47%first recorded
Amount starting at $50,000
- Oct 29, 20268.77%▼ from 8.92%
- Oct 26, 20268.92%▼ from 9.08%
- Oct 19, 20269.08%▲ from 8.86%
- Oct 9, 20268.86%▲ from 8.76%
Port Aransas 5/1 ARM Refinance Rates
No additional details available.
- Oct 12, 20266.99%▲ from 5.73%
- Sep 25, 20265.73%first recorded
No additional details available.
- Oct 12, 20267.35%▲ from 6.00%
- Sep 25, 20266.00%first recorded
Rate fixed for 60 months; annual adjustment cap 2% after 60 months; maximum adjustment for life of loan 4.0%; effective January 15, 2026; rates may vary based on credit score and/or term
Adjustable Rate Mortgage (ARM); based on $280,000 loan amount, owner-occupied, single-family 1-unit, 80% LTV, FICO 740+
Rates effective June 3, 2026; Annual Cap: 2.00%; Lifetime Cap: 5.00%; Minimum Loan Amount is $20,000; Maximum Refinance Loan to Value is 90%; Maximum Purchase Money 95% LTV; APR based on 30-day average SOFR index; APR calculated on a $100,000 loan; based on A+ credit rating
As Low As; Enjoy a low initial rate that adjusts with the market. Various terms and options available. Rates may include points.
- Oct 26, 20265.88%▼ from 6.00%
- Oct 14, 20266.00%▼ from 6.13%
- Oct 1, 20266.13%▲ from 5.63%
- Sep 18, 20265.63%▲ from 5.50%
As Low As; Estimated Payment: $2,098.43 per month for initial fixed rate period (5 years)
- Oct 2, 20266.00%▲ from 5.75%
- Sep 17, 20265.75%first recorded
Purchase transaction with 20% down payment; APR based on $100,000 loan amount for 80% LTV purchase
As Low As; Rate and payment locked for first 5 years, then adjustable every 5 years; 5% minimum down payment
- Oct 2, 20266.09%▲ from 5.84%
- Sep 20, 20265.84%▲ from 5.59%
- Sep 14, 20265.59%first recorded
Adjustable rate mortgage; APR of 6.155% for the first 60 months (fixed initial period); purchase and refinance of residential property
- Oct 29, 20266.16%▼ from 6.17%
- Oct 19, 20266.17%first recorded
Adjustable Rate Mortgage
- Oct 29, 20266.20%▼ from 6.25%
- Oct 13, 20266.25%▼ from 7.03%
- Oct 2, 20267.03%first recorded
Effective 10-30-2026
- Oct 31, 20266.35%▲ from 6.23%
- Oct 26, 20266.23%▼ from 6.35%
- Oct 20, 20266.35%first recorded
As Low As
As Low As; Interest Rate/APR shown as rate / APR; Term structure 5/1 ARM; 1% annual rate caps
As Low As; Adjustable Rate (15/15 ARM) - Primary or secondary owner-occupied residence, $205,000 loan amount, 80% LTV, 5% Rate Cap for one-time adjustment; Payment example: $1278.93
- Oct 23, 20266.63%▲ from 6.61%
- Oct 5, 20266.61%▲ from 6.24%
- Sep 17, 20266.24%▲ from 6.22%
- Sep 14, 20266.22%first recorded
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
No additional details available.
- Oct 12, 20266.82%▲ from 5.44%
- Sep 25, 20265.44%first recorded
As Low As; w/ 1.000 Points; Payment: 1,419.69
- Oct 30, 20266.94%▼ from 6.98%
- Oct 19, 20266.98%first recorded
No additional details available.
As Low As; Home Loans
No additional details available.
- Oct 30, 20267.28%▼ from 7.35%
- Oct 26, 20267.35%first recorded
No additional details available.
- Oct 12, 20267.40%▲ from 6.04%
- Sep 25, 20266.04%first recorded
ARM rate; amount starting at $40,000
- Oct 29, 20267.99%▼ from 8.13%
- Oct 26, 20268.13%▼ from 8.28%
- Oct 19, 20268.28%▲ from 8.05%
- Oct 9, 20268.05%▲ from 7.94%
Port Aransas 30-Year Jumbo Refinance Rates
$1,000,000; As Low As; Mortgage Loan Rates
- Oct 4, 20267.90%▲ from 7.37%
- Sep 14, 20267.37%first recorded
$1,600,000.00+; As Low As; Mortgage Loan Rates
- Oct 4, 20268.15%▲ from 7.63%
- Sep 14, 20267.63%first recorded
As Low As; Jumbo; Estimated Payment: $5,541.97 per month for 30 years
Monthly Principal & Interest: $6,654.00; Jumbo loans greater than $832,750; 20% down payment required; up to 80% LTV
- Oct 29, 20267.07%▼ from 7.21%
- Oct 26, 20267.21%first recorded
Fixed-rate period 7 years, then adjusts yearly; 30-year term; based on $940,000 loan amount and at least 25% equity
Fixed-rate period 10 years, then adjusts yearly; 30-year term; based on $940,000 loan amount and at least 25% equity
based on $940,000 loan amount and at least 25% equity
based on $940,000 loan amount and at least 25% equity
Loan amounts greater than $832,750
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20266.25%▼ from 6.65%
- Sep 20, 20266.65%first recorded
Purchase rates; Fixed-rate loan
For loans greater than $832,750; Financing up to 90% available; No maximum loan amount; Second home financing available
- Oct 26, 20266.60%▲ from 6.53%
- Oct 20, 20266.53%first recorded
Rate as low as 6.250%; based on a $1,200,000 loan amount with 80% CLTV and FICO>=740; 2% annual adjustment and 5% lifetime cap; primary or secondary owner-occupied; rate and payment may increase after consummation
- Oct 23, 20266.70%▲ from 6.66%
- Sep 25, 20266.66%▲ from 6.29%
- Sep 17, 20266.29%▲ from 6.25%
- Sep 14, 20266.25%first recorded
Rates as of Oct 30, 2026 ET; Interest Rates As Low As; APR As Low As
- Oct 31, 20266.71%▼ from 6.83%
- Oct 20, 20266.83%▼ from 6.87%
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
For loans greater than $832,750; Financing up to 90% available; No maximum loan amount; Second home financing available
No additional details available.
- Oct 30, 20266.78%▲ from 6.71%
- Oct 26, 20266.71%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.80%▼ from 6.86%
- Oct 15, 20266.86%▲ from 6.80%
- Oct 13, 20266.80%▼ from 6.87%
- Oct 9, 20266.87%▲ from 6.80%
Specialty Programs; Lender Fee: 0.00%; Estimated Payment:; Rates quoted on a 30-day lock option
- Oct 30, 20266.82%▼ from 6.95%
- Oct 14, 20266.95%first recorded
No additional details available.
- Oct 30, 20266.82%▲ from 6.74%
- Oct 26, 20266.74%first recorded
As Low As; Estimated Payment: $5,541.97 per month for 30 years
Discount Point: 1.03%; Origination Point: 0.00%
- Oct 30, 20267.01%▼ from 7.13%
- Oct 19, 20267.13%first recorded
Mortgage; discount points associated with Jumbo thirty year loans
- Oct 26, 20267.02%▲ from 6.37%
- Sep 14, 20266.37%first recorded
Loan amounts greater than $832,750
Jumbo loans greater than $832,750; 20% down payment required; up to 80% LTV
Specialty Programs; Lender Fee: 0.00%; Estimated Payment:; Rates quoted on a 30-day lock option
- Oct 30, 20267.07%▼ from 7.19%
- Oct 26, 20267.19%▼ from 7.32%
- Oct 19, 20267.32%▼ from 7.45%
- Oct 14, 20267.45%first recorded
Fixed-rate period 7 years, then adjusts yearly; 30-year term; loan amount $940,000; down payment at least 25%
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20267.09%▼ from 7.37%
- Sep 20, 20267.37%first recorded
Fixed-rate period 10 years, then adjusts yearly; 30-year term; loan amount $940,000; down payment at least 25%
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20267.18%▼ from 7.30%
- Oct 13, 20267.30%▼ from 7.43%
- Oct 9, 20267.43%▲ from 7.30%
- Oct 5, 20267.30%▼ from 7.43%
Purchase or refinance of luxury home; also home equity; fixed rate for first 7 years; amount $806,501 - $2,000,000
- Oct 29, 20267.29%▼ from 7.42%
- Oct 26, 20267.42%▼ from 7.56%
- Oct 19, 20267.56%▲ from 6.93%
- Sep 18, 20266.93%first recorded
No additional details available.
Loan amounts greater than $832,750
Loan amount $940,000; down payment at least 25%
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20267.45%▼ from 7.72%
- Sep 20, 20267.72%first recorded
Loan amount $940,000; down payment at least 25%
$766,551-$999,999; Rate as low as 7.500%, APR as low as 7.513%; Loan Amount Example: $900,000.00
- Oct 26, 20267.51%▲ from 7.01%
- Sep 14, 20267.01%first recorded
$766,551 -$999,999; As Low As; Home Loan Rates
- Oct 2, 20267.51%▲ from 7.01%
- Sep 14, 20267.01%first recorded
For loans greater than $832,750; Financing up to 90% available; No maximum loan amount; Second home financing available
- Oct 26, 20267.54%▲ from 7.41%
- Oct 20, 20267.41%first recorded
Jumbo; Interest Rate then APR
- Oct 19, 20267.60%▼ from 7.63%
- Oct 13, 20267.63%first recorded
$766,551-$999,999; Rate as low as 7.750%, APR as low as 7.761%; Loan Amount Example: $900,000.00
- Oct 26, 20267.76%▲ from 7.26%
- Sep 14, 20267.26%first recorded
$766,551 -$999,999; As Low As; Home Loan Rates
- Oct 2, 20267.76%▲ from 7.26%
- Sep 14, 20267.26%first recorded
Interest Rates As Low As; Exclusive mortgage benefit for Servicemembers, Reservists and Veterans who have already exhausted their VA loan benefit; no down payment required; 720 FICO, down payment of 0%; rates as of Oct 30, 2026 ET
- Oct 31, 20268.10%▼ from 8.22%
- Oct 26, 20268.22%▼ from 8.35%
- Oct 20, 20268.35%first recorded
As Low As; Rates as of Oct 30, 2026 ET; Advertised rate assumes single-family primary residence, 720 FICO, 0% down
- Oct 31, 20268.22%▼ from 8.35%
- Oct 26, 20268.35%▼ from 8.48%
- Oct 20, 20268.48%▼ from 8.61%
- Oct 1, 20268.61%first recorded
Port Aransas 15-Year Jumbo Refinance Rates
based on $940,000 loan amount and at least 25% equity
Loan amounts greater than $832,750
Specialty Programs; Lender Fee: 0.00%; Estimated Payment:; Rates quoted on a 30-day lock option
- Oct 30, 20266.49%▼ from 6.74%
- Oct 19, 20266.74%▼ from 6.99%
- Oct 14, 20266.99%first recorded
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20266.51%▼ from 6.90%
- Sep 20, 20266.90%first recorded
As Low As; Assumes single-family primary residence, 720 FICO, 20% down; Minimum 5% down required; Rates as of Oct 30, 2026 ET
- Oct 26, 20266.85%▼ from 6.97%
- Oct 20, 20266.97%first recorded
Discount Point: 0.81%; Origination Point: 0.00%
- Oct 30, 20266.93%▼ from 6.97%
- Oct 19, 20266.97%first recorded
Jumbo; Interest Rate then APR
- Oct 29, 20266.94%▼ from 7.23%
- Oct 26, 20267.23%▲ from 7.20%
- Oct 19, 20267.20%▼ from 7.23%
- Oct 13, 20267.23%first recorded
$766,551-$999,999; Rate as low as 7.125%, APR as low as 7.141%; Loan Amount Example: $900,000.00
- Oct 26, 20267.14%▲ from 6.64%
- Sep 14, 20266.64%first recorded
$766,551-$999,999; As Low As; Home Loan Rates
- Oct 2, 20267.14%▲ from 6.64%
- Sep 14, 20266.64%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20267.21%▼ from 7.34%
- Oct 5, 20267.34%▼ from 7.46%
- Sep 29, 20267.46%▲ from 7.34%
- Sep 25, 20267.34%▲ from 6.96%
Loan amount $940,000; down payment at least 25%
For loans greater than $832,750; Financing up to 90% available; No maximum loan amount; Second home financing available
Port Aransas 5/1 Jumbo ARM Refinance Rates
Fixed-rate period 5 years, then adjusts yearly; 30-year term; based on $940,000 loan amount and at least 25% equity
As Low As; Estimated Payment per $10,000: $59.96; Loan amounts greater than $832,750; 5/5 adjustable-rate mortgage; minimum down payment 5%
- Oct 2, 20266.04%▲ from 5.79%
- Sep 20, 20265.79%▲ from 5.54%
- Sep 14, 20265.54%first recorded
Mortgage; Payment per $10,000: $61; Jumbo 5/5 ARM 30yr
- Oct 29, 20266.10%▲ from 6.07%
- Oct 26, 20266.07%▼ from 6.12%
- Oct 19, 20266.12%▲ from 6.10%
- Oct 13, 20266.10%▼ from 6.13%
Rate as low as 6.375%; based on a $1,200,000 loan amount with 80% CLTV and FICO>=740; 5% rate cap for one-time adjustment; primary or secondary owner-occupied; rate and payment may increase after consummation
- Oct 23, 20266.60%▲ from 6.58%
- Sep 25, 20266.58%▲ from 6.20%
- Sep 17, 20266.20%▲ from 6.18%
- Sep 14, 20266.18%first recorded
Rates as of Oct 30, 2026 ET; Interest Rates As Low As; APR As Low As
- Oct 31, 20266.65%▼ from 6.78%
- Oct 20, 20266.78%▼ from 6.83%
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
No additional details available.
- Oct 30, 20266.76%▲ from 6.71%
- Oct 26, 20266.71%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.78%▼ from 6.83%
- Oct 15, 20266.83%▲ from 6.75%
- Oct 13, 20266.75%▼ from 6.80%
- Oct 9, 20266.80%▲ from 6.75%
No additional details available.
- Oct 30, 20267.03%▼ from 7.05%
- Oct 26, 20267.05%first recorded
Fixed-rate period 5 years, then adjusts yearly; 30-year term; loan amount $940,000; down payment at least 25%
Port Aransas FHA Loan Rates
Rate as low as 6.625%, APR as low as 6.837%; Loan Amount Example: $300,000.00
- Oct 2, 20266.84%▼ from 6.92%
- Sep 14, 20266.92%first recorded
As Low As; Home Loan Rates
- Oct 2, 20266.84%▼ from 6.92%
- Sep 14, 20266.92%first recorded
Rate as low as 7.375%, APR as low as 7.410%; Loan Amount Example: $300,000.00
- Oct 2, 20267.41%▲ from 7.31%
- Sep 14, 20267.31%first recorded
As Low As; Home Loan Rates
- Oct 2, 20267.41%▲ from 7.31%
- Sep 14, 20267.31%first recorded
Rate as low as 7.375%, APR as low as 7.416%; Loan Amount Example: $300,000.00
- Oct 2, 20267.42%▲ from 7.32%
- Sep 14, 20267.32%first recorded
As Low As; Home Loan Rates
- Oct 2, 20267.42%▲ from 7.32%
- Sep 14, 20267.32%first recorded
Monthly Principal & Interest: $1,955.00; Origination fees may apply
- Oct 29, 20267.52%▼ from 7.61%
- Oct 26, 20267.61%first recorded
based on $270,019 loan amount and at least 3.5% equity; assumes FICO 680+
Refinance loan for current homeowners; requires mortgage insurance; FHA guaranteed
No additional details available.
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.17%▼ from 7.38%
- Oct 14, 20267.38%▼ from 7.41%
- Oct 10, 20267.41%▲ from 7.36%
- Oct 2, 20267.36%▼ from 7.38%
No additional details available.
No additional details available.
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.46%▼ from 7.72%
- Oct 10, 20267.72%▼ from 7.85%
- Oct 2, 20267.85%▲ from 7.72%
- Oct 1, 20267.72%▲ from 7.58%
Origination fees may apply
- Oct 29, 20267.52%▼ from 7.61%
- Oct 26, 20267.61%first recorded
As Low As; FHA (Federal Housing Administration) loans have a maximum loan amount, which varies by county and is not intended for investment properties or second-home loans. Down payment as low as 3.5% of the purchase price.
Rates effective as of 10/28/2026; based on a 45 day lock
As Low As; FHA (Federal Housing Administration) loans have a maximum loan amount, which varies by county and is not intended for investment properties or second-home loans. Down payment as low as 3.5% of the purchase price.
As Low As; Term: 15 years; Payment example: $1718.35; Based on $185,000 loan amount with 80% CLTV and FICO>=740; includes mortgage insurance; available for purchases only
- Oct 23, 20267.84%▲ from 7.71%
- Sep 14, 20267.71%first recorded
Rates current as of 10/30/2026
- Oct 31, 20267.87%▼ from 8.38%
- Oct 1, 20268.38%▲ from 8.00%
- Sep 18, 20268.00%first recorded
Rates current as of 10/30/2026
Loan amount $270,019; down payment at least 3.5%; FICO 680+
Rates current as of 10/8/2026
- Oct 15, 20268.03%▲ from 6.47%
- Sep 16, 20266.47%first recorded
No additional details available.
Rates current as of 10/8/2026
- Oct 15, 20268.22%▲ from 6.95%
- Sep 16, 20266.95%first recorded
No additional details available.
As Low As; Term: 30 years; Payment example: $1348.56; Based on $185,000 loan amount with 80% CLTV and FICO>=740; includes mortgage insurance; available for purchases only
- Oct 23, 20268.31%▲ from 7.79%
- Sep 14, 20267.79%first recorded
Purchase loan; requires mortgage insurance; FHA guaranteed
- Oct 29, 20268.37%▲ from 8.23%
- Sep 18, 20268.23%first recorded
Port Aransas VA Loan Rates
Rate as low as 6.625%, APR as low as 6.837%; Loan Amount Example: $300,000.00
- Oct 10, 20266.84%▲ from 6.20%
- Sep 14, 20266.20%first recorded
As Low As; Home Loan Rates
- Oct 2, 20266.84%▲ from 6.20%
- Sep 14, 20266.20%first recorded
Refinance rate
based on $305,059 loan amount and 14.8% equity
Rate as low as 7.375%, APR as low as 7.410%; Loan Amount Example: $300,000.00
- Oct 10, 20267.41%▲ from 6.69%
- Sep 14, 20266.69%first recorded
As Low As; Home Loan Rates
- Oct 2, 20267.41%▲ from 6.69%
- Sep 14, 20266.69%first recorded
Rate as low as 7.375%, APR as low as 7.416%; Loan Amount Example: $300,000.00
- Oct 10, 20267.42%▲ from 6.80%
- Sep 14, 20266.80%first recorded
As Low As; Home Loan Rates
- Oct 2, 20267.42%▲ from 6.80%
- Sep 14, 20266.80%first recorded
Purchase rates; Fixed-rate loan
Purchase rates; Fixed-rate loan
Rates as of Oct 30, 2026 ET. Rates subject to change.
- Oct 31, 20266.66%▼ from 6.79%
- Oct 20, 20266.79%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.78%▼ from 6.83%
- Oct 15, 20266.83%▲ from 6.75%
- Oct 13, 20266.75%▼ from 6.80%
- Oct 9, 20266.80%▲ from 6.75%
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.80%▼ from 6.86%
- Oct 15, 20266.86%▲ from 6.80%
- Oct 13, 20266.80%▼ from 6.87%
- Oct 9, 20266.87%▲ from 6.80%
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20266.91%▼ from 7.10%
- Oct 19, 20267.10%▼ from 7.12%
- Oct 14, 20267.12%▼ from 7.14%
- Oct 10, 20267.14%▼ from 7.20%
Rates as of Oct 30, 2026 ET. Rates subject to change.
- Oct 31, 20266.93%▼ from 7.06%
- Oct 20, 20267.06%first recorded
Purchase loan for military veterans; VA guaranteed
- Oct 29, 20267.08%▲ from 6.97%
- Sep 18, 20266.97%first recorded
Lender Fee: 0.00%; Mortgage rates effective 10/29/2026
- Oct 30, 20267.17%▼ from 7.43%
- Oct 14, 20267.43%▼ from 7.56%
- Oct 1, 20267.56%▲ from 7.17%
- Sep 27, 20267.17%▲ from 6.93%
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.46%
- Oct 8, 20267.46%▲ from 7.34%
- Oct 4, 20267.34%▲ from 7.21%
- Sep 25, 20267.21%▲ from 7.08%
Rates current as of 10/30/2026
- Oct 31, 20267.23%▼ from 7.75%
- Oct 1, 20267.75%▲ from 7.36%
- Sep 18, 20267.36%first recorded
Loan amount $383,625; no down payment
As Low As; Based on a $185,000 loan amount with an 80% CLTV and FICO>=740; Payment example $1277.8 includes funding fee; Available for purchases only; Loan amount subject to available VA entitlement
- Oct 23, 20267.36%▼ from 7.47%
- Sep 21, 20267.47%first recorded
No additional details available.
Rates current as of 10/30/2026
- Oct 31, 20267.41%▼ from 7.80%
- Oct 1, 20267.80%▲ from 7.29%
- Sep 18, 20267.29%first recorded
No additional details available.
No additional details available.
Rates current as of 10/8/2026
- Oct 15, 20267.76%▲ from 6.48%
- Sep 16, 20266.48%first recorded
No additional details available.
Rates current as of 10/8/2026
- Oct 15, 20267.92%▲ from 6.34%
- Sep 16, 20266.34%first recorded
No additional details available.
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of October 31, 2026. Use these as the benchmark for the Port Aransas, Texas quotes above; lenders that price refinances separately currently run about 0.175 points higher.
Port Aransas, TX Refinance Rate Trends
Compare local Port Aransas, TX refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a Texas refinance quote should be measured against, plus roughly 0.175 points at lenders that price refinances separately.
Texas 30-year fixed rates fell 0.068 points over the past 7 days to 7.291%.
Texas 15-year fixed rates fell 0.083 points over the past 7 days to 6.774%.
What Port Aransas, TX Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
Texas Refinance Rate Forecast, Next 12 Months
Where are Texas refinance rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for Port Aransas, TX Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $470,960 (80% of the city median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (TX avg) | 7.291% | $3,226 | 43.5% | |
| 6-Month Forecast | 7.291% (6.94, 7.59%) | $3,226 | +$0/mo | 43.5% |
| 12-Month Forecast | 7.541% (7.19, 7.84%) | $3,306 | +$80/mo | 44.6% |
Income column = annual mortgage payment as % of Port Aransas, TX median household income ($88,947). Above 30% is generally considered cost-burdened.
Port Aransas, Texas Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current Port Aransas, Texas rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your Port Aransas, Texas Refinance
The rate is only part of the decision. Use these calculators to turn current Port Aransas, Texas home refinance rates into monthly savings, break-even months, and total interest before you request quotes from refinance lenders.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current Port Aransas, Texas home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Port Aransas, Texas rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans Available in Port Aransas, Texas
Homeowners in Port Aransas, Texas can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every Texas lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s Port Aransas, Texas average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in Port Aransas, Texas usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in Texas quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming loan limit for Port Aransas, Texas is $832,750. A refinance above that amount is a jumbo loan and stays on the lender’s books or goes to private investors, so pricing and underwriting are set lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Port Aransas, Texas refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates for Port Aransas, Texas directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Port Aransas, Texas. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in TX.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Refinance Product Information
How a Mortgage Refinance Works
A refinance pays off your current mortgage with a new loan on the same Port Aransas, Texas home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
Refinance Rates vs. Purchase Rates
Most Texas banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our Port Aransas, Texas mortgage rates page. For example, First Community Credit Union Houston, TX is listing a Refinance - 30 Year Fixed at 6.875% for either purpose. Some lenders price refinances separately and list them by name, such as Gulf Coast Federal Credit Union’s Purchase/Refinance/Cash Out Jumbo Loan to $1,599,999.99 at 7.75%. Across lenders that post both, refinance pricing currently runs about 0.175 points above the same lender’s purchase rate in Texas. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break Even Point
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A Port Aransas, Texas homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs
Refinance closing costs in Texas typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When to Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our Texas refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in Port Aransas, Texas
What are refinance rates in Port Aransas, Texas today?
What are home loan refinance rates in Port Aransas, TX today?
Are refinance rates higher than purchase mortgage rates in Port Aransas, Texas?
When does refinancing make sense in Port Aransas, Texas?
How soon can I refinance a mortgage in Port Aransas, Texas?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in Port Aransas, Texas?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I compare refinance lenders in Port Aransas, Texas?
How do I get refinance quotes in Port Aransas, Texas?
What are the best refinance rates in Port Aransas, Texas?
- First Community Credit Union Houston, TX: 6.875% (Refinance - 30 Year Fixed)
- Texas Dow Employees Credit Union: 7.13% (Refinance Conforming 30-Year Fixed)
- Frost Bank: 5.75% (Frost Progress Mortgage Options - 30-year fixed-rate (Income-based))
- Chemcel Federal Credit Union: 6.054% (Home Mortgage Loans - 30 Year Fixed)
- Education First Federal Credit Union: 6.00% (30 Year Fixed Rate Mortgage)
Port Aransas, Texas Rates & Resources
