Mortgage Rates This Week: What’s Happening + What It Means for Austin-Area Buyers

If you’ve been watching mortgage rates lately, you’re not alone. This is the #1 question I’m getting right now: “Oscar, are rates going up or down—and should I wait?”

Here’s the truth: small rate changes can shift your buying power fast. Even a small drop can lower your monthly payment and sometimes qualify you for a better home or location. In our market—Georgetown, Round Rock, Hutto, Leander, Cedar Park, Pflugerville, and Liberty Hill—I’m seeing buyers become more active the moment rates dip, because it creates urgency and competition.

My advice is simple: don’t try to time the market perfectly—build a smart strategy. I help my clients compare payment scenarios, loan types, and total monthly cost (taxes, HOA, insurance) so you know what’s realistic and comfortable.

✅ Local Expert Tip: In Central Texas, property taxes can impact monthly payments more than people expect. Always price your home search based on monthly payment, not just purchase price.

Bottom line: Rates matter, but the right plan matters more. If you want a quick breakdown of what you can afford today, I’ll run the numbers with you.