Texas mortgage rates fell as others climbed in Q2 2026

Mortgage interest rates rose in 37 states between Q1 and Q2 of 2026, increasing financial pressure on homebuyers amid high prices and housing shortages. Rates remain above pandemic lows despite a slight decline from last year's peaks. Texas saw a decrease in mortgage rates, dropping 0.83% to an average of 6.36% in Q2 2026, contrary to the national trend.