Compare Current Mortgage Rates in Williamson County, Texas
If you are exploring home purchase or refinance options in Round Rock, Georgetown, Cedar Park, Leander, or Taylor, start by reviewing today’s mortgage rates. With many loan programs available, you can find a plan that fits your goals and helps you move closer to owning your dream home.
Get a quoteThe interest rates, APRs, points, and monthly payments listed here are accurate as of today but can change anytime. These figures assume a FICO® Score of 780 or higher and the down payment mentioned for each loan type. They also assume the property is a single-family primary residence and that one mortgage discount point may be purchased to secure a lower rate. For details on how discount points work, connect with a qualified mortgage loan officer.
Purchase Mortgage Rates
Conventional Fixed-Rate Loans
A conventional fixed-rate mortgage gives you steady monthly payments and an interest rate that stays the same for 15, 20, or 30 years. Most buyers provide a down payment between 3% and 20%. If your home equity is low, you might need private mortgage insurance. Approval depends on credit history, appraisal results, and available funds for closing.
Conforming Adjustable-Rate Mortgage (ARM) Loans
Adjustable-rate mortgages (ARMs) start with lower interest rates compared to fixed loans. Initial monthly payments are smaller, but rates can rise or fall later. ARMs are ideal for buyers planning to stay for a shorter time or those ready for possible payment adjustments.
Federal Housing Administration (FHA) Loans
FHA loans, supported by the Federal Housing Administration, help borrowers with limited savings or lower credit scores. You can buy a home with as little as 3.5% down. FHA loans require upfront and annual mortgage insurance premiums, but they open doors for many first-time homebuyers.
Veterans Affairs (VA) Loans
VA loans, guaranteed by the U.S. Department of Veterans Affairs, make homeownership easier for qualified veterans, active-duty service members, and surviving spouses. These loans usually come with no down payment and no mortgage insurance, plus lower rates than most conventional loans.
Jumbo Loans
Jumbo mortgages are used for properties that go beyond standard loan limits. They are designed for high-value homes and come with stricter approval standards. Borrowers usually need a larger down payment, strong credit, and can expect slightly higher rates compared to conforming loans.
Take your first step towards your home loan journey
Refinance Mortgage Rates
Conventional Fixed-Rate Loans
Refinancing with a conventional fixed-rate loan provides consistent payments and a secure interest rate. To avoid private mortgage insurance, most homeowners need at least 20% equity. Eligibility depends on credit score, appraisal value, and closing funds.
Conforming Adjustable-Rate Mortgage (ARM) Loans
ARM refinance loans begin with lower rates during an initial period and may change later. They suit homeowners who plan to sell or pay off their loan soon. While there’s a risk of rate increase, ARMs can reduce short-term costs.
Federal Housing Administration (FHA) Loans
FHA refinance options are a strong choice for those with limited equity or lower credit scores. These government-backed loans make refinancing easier, though mortgage insurance remains required for the loan’s duration.
Veterans Affairs (VA) Loans
VA refinance programs help qualified veterans and service members lower their monthly payments, consolidate debt, or switch from adjustable to fixed-rate loans. With no down payment or mortgage insurance, VA refinancing is one of the most affordable options available.
Jumbo Loans
Jumbo refinance loans are designed for high-value homes exceeding conforming limits. They allow homeowners to access equity or modify loan terms. These loans usually require a strong credit profile and larger down payments.
Frequently asked questions about mortgage rates
1. What affects my mortgage rate the most?
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2. How often do mortgage rates change?
3. What is the benefit of a fixed-rate mortgage?
4. Are VA and FHA loans better for first-time buyers?
5. When should I refinance my mortgage?
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