What is the Average Texas Mortgage Rate?

The state of Texas is uniquely situated economically in contrast with the rest of the nation. As a result, the local interest rates experienced by Texan citizens are often significantly different than the national average. According to recently conducted economic surveys, the average Texas mortgage rate is 4.0%, while its APR is 4.2%. While individual values will vary significantly according to the specifics of each mortgage, it is been determined that the median monthly payment for Texas mortgages is approximately $1,100 per month.