What are current mortgage rates in Granbury, and should you wait to buy or refinance?

Snippet Answer:
Current mortgage rates in Granbury hover around 6.2%–6.4% for a 30-year fixed. Buyers may want to act if the right home appears, while refinancing usually makes sense only if you can cut your rate by 1% or more after costs.

🌟 The Big Question: Should You Buy or Wait?

If you’re thinking about buying a home or refinancing in Granbury, mortgage rates are likely at the top of your mind. With rates sitting in the low-to-mid 6% range, buyers are weighing whether to lock in now or hold out for lower numbers. Let’s break it down.

📊 Current Mortgage Rates in Granbury (September 2025)

• 30-year fixed: ~6.20%–6.33% (APR 6.23%–6.46%)

• 15-year fixed: ~5.49%–5.97%

• Adjustable-rate (ARM): ~6.15%–6.30%

👉 Sources: Realtor.com, Bankrate, NerdWallet

🏡 What This Means for Buyers in Granbury

Buying at today’s rates could mean:

• Predictable payments: A fixed mortgage locks your monthly housing cost, protecting you from rent increases.

• Moderate affordability pressure: At 6.2%, payments are higher than the 2020 lows but below the 2023 peaks near 7.5%.

• Inventory advantage: With homes averaging 80 days on market in August 2025 (MLS), buyers may have more negotiating power.

👉 Bottom line for buyers: If you find the right home in Granbury, don’t wait too long. Prices are still holding around $425,012 average sales price (MLS, Aug 2025). Even if rates drop later, you can always refinance.

💳 Should You Refinance Now?

Refinancing only makes sense if:

• Your current mortgage rate is 7%+ (or higher).

• You plan to stay in the home long enough to offset refinancing costs.

• A new loan cuts your rate by 1% or more.

If your current rate is already in the 5%–6% range, the closing costs may outweigh savings.

👉 Rule of Thumb: Use a refinance calculator to compare monthly savings against upfront fees.

📈 Risks of Waiting

• Home prices may climb: Even small increases could wipe out savings from a lower rate.

• Competition could rise: More buyers may re-enter if rates fall, driving bidding wars.

• Timing the market is tricky: No one can perfectly predict rate moves.

🔎 Quick Buyer/Seller Snapshot – Granbury MLS, August 2025

Metric August 2025 Year-over-Year Trend Average Sales Price $425,012 Slightly lower than 2024 peak Average Days on Market 80 Homes taking longer to sell Closed Sales 158 Steady buyer activity

❓ FAQ

Q: Will mortgage rates drop in 2026?
A: Economists expect gradual easing if inflation stays in check, but rates are unlikely to return to the 3%–4% levels seen in 2020.

Q: Should I buy now or rent longer?
A: If you plan to stay in Granbury 5+ years, buying locks in housing stability and builds equity—even if rates aren’t at historic lows.

Q: Can I refinance again later?
A: Yes. Many homeowners refinance multiple times. Today’s purchase doesn’t lock you out of future savings.

✅ Final Take

Mortgage rates in Granbury are stabilizing in the low-6% range, which is better than last year’s highs. If you’re a buyer, focus less on chasing the “perfect” rate and more on finding the right home and payment fit. If you’re refinancing, crunch the numbers carefully and move only if the savings are real.