Dallas, TX -- (SBWire) -- 04/05/2011 -- Mortgage rates have dropped to the lowest level since November making refinance loans in Texas a great money saving idea on several fronts. According to Kevin Miller, CEO of Texaslending.com, FHA rates have broken away from conventional rates and may pose bargains for those refinancing to a 30 year FHA or 15 year FHA mortgage.

This is an important week for those considering FHA as applications taken after April 1st will see higher mortgage insurance premiums that are being passed down from the Federal Government. According to Mr. Miller “The different between applying for a refinance this week and refinancing next week will be about .25% payment on the loan amount. It behooves anyone who is considering refinancing to take advantage this week before the costs to refinancing increase."

TexasLending.com provides expert service in the field of residential mortgages in Texas. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Michigan, Missouri and Colorado. TexasLending.com is a mortgage Banker and Broker with virtually unlimited options available for conventional, FHA, VA, and home equity loans. To find out more about Texas Lending’s loan and mortgage programs, visit http://www.TexasLending.com