What is the average mortgage rate in Texas in 2026?
The average 30-year fixed mortgage rate in Texas follows the national average of 7.46% as of October 19, 2026.
Best Mortgage Rates Texas 2026
Texas has no state income tax and a strong housing market. Compare today's best mortgage rates for Texas homebuyers. Average home price in Texas is $305,000 in 2026.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Texas. Not financial advice.
Texas at a glance
- Average home price: $305,000
- State income tax: None
- Land transfer tax: None
- Typical monthly payment: $1,699/mo on $305,000 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Texas have a land transfer tax?
No, Texas has no real estate transfer tax, making closing costs lower than many other states.
What is the average home price in Texas in 2026?
The average home price in Texas is approximately $305,000 in 2026.
How much do I need to earn to afford a home in Texas?
To afford an average Texas home at $305,000 with 20% down at 7.46%, you need an annual income of approximately $75,000 (principal and interest at 28% of gross income, before taxes and insurance).
Texas mortgage calculator · Educational reference only. Not financial or lending advice.