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The man behind Case-Shiller on why the housing index has no Houston and why that’s no problem – Hurricanes can disrupt sales and mortgage rates can be skewed by freaky bond-market action. Nearly every month, MarketWatch gets asked some variation of “Why isn’t Houston in the index?” from a.
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Current rates in Texas are 3.91% for a 30-year fixed, 3.18% for a 15-year fixed, and 3.89% for a 5/1 adjustable-rate mortgage (ARM). Learn more about today’s mortgage rates.