Reliant Home Funding Editorial Team

NMLS #292473Licensed in 27 statesUpdated November 5, 2026

Reviewed for accuracy by senior mortgage advisors • Rates verified against Freddie Mac PMMS®

Refinance Rates in Dallas, TX: Rate-and-Term & Cash-Out Options

As a seasoned homeowner in Dallas, you're well aware of the dynamic real estate market and the importance of strategic financial decisions. With the median home price in Dallas at $495,000 as of March 2026, according to Redfin (redfin.com), refinancing your mortgage could be a prudent move to optimize your financial position.

As of June 9, 2026, according to Freddie Mac PMMS®, the 30-year fixed mortgage rate is 6.48%, and the 15-year fixed rate is 5.79%.

Today's Mortgage Rates in Dallas

Understanding current mortgage rates is crucial for making informed refinancing decisions. Here's a snapshot of today's rates:

Loan Type	Interest Rate	Week-over-Week Change
30-Year Fixed	6.48%	N/A
15-Year Fixed	5.79%	N/A

Data as of June 9, 2026, according to Freddie Mac PMMS® link to Freddie Mac PMMS.

What Prime Buyers in Dallas Should Know

As a prime borrower with a FICO score of 700 or higher, established income, and a down payment of 10% or more, you are well-positioned to take advantage of favorable refinancing options. Here are key considerations:

Conforming Loan Limits: For 2026, the conforming loan limit for single-family homes in Dallas County is $832,750. This means you can refinance up to this amount without entering jumbo loan territory.
Home Equity: With a median home price of $495,000 in Dallas, you likely have substantial equity, which can be leveraged for refinancing.
Interest Rates: Current rates are competitive, with the 30-year fixed rate at 6.48% and the 15-year fixed rate at 5.79%.
Refinancing Options: You can choose between rate-and-term refinancing to secure a better rate or cash-out refinancing to access your home's equity for other financial needs.

Pro Tip: Refinancing can be a strategic move to lower your monthly payments, shorten your loan term, or access cash for home improvements or other investments. Always remember, rates are subject to approval and can vary based on individual qualifications.

Refinance Scenarios for Dallas Homeowners

Considering refinancing in Dallas? Here are several scenarios where refinancing could be beneficial:

Lowering Your Interest Rate: If current rates are lower than your existing mortgage rate, refinancing can reduce your monthly payments.
Shortening Your Loan Term: Switching from a 30-year to a 15-year mortgage can save on interest over time.
Accessing Home Equity: A cash-out refinance allows you to tap into your home's equity for major expenses.
Consolidating Debt: Use home equity to pay off high-interest debts, potentially lowering your overall interest payments.
Home Improvements: Finance renovations that can increase your home's value and comfort.
Adjusting Loan Type: Switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage for payment stability.
Removing Private Mortgage Insurance (PMI): If your home has appreciated, refinancing can eliminate PMI if your equity exceeds 20%.

Dallas-Specific Considerations

Refinancing in Dallas offers unique advantages:

Conforming Loan Limits: With a limit of $832,750, you can refinance up to this amount without entering jumbo loan territory.
Home Price Appreciation: The median home price in Dallas is $495,000, indicating a stable market.
Prime Borrower Advantages: Your strong credit profile positions you for favorable refinancing terms.
Local Market Conditions: Dallas's housing market is moderately competitive, with homes selling in about 45 days.

Frequently Asked Questions

What is the conforming loan limit in Dallas County for 2026?

The conforming loan limit for single-family homes in Dallas County is $832,750.

How do current interest rates compare to historical averages?

As of June 9, 2026, the 30-year fixed rate is 6.48%, and the 15-year fixed rate is 5.79%, according to Freddie Mac PMMS®. Historically, these rates are within a typical range, though slightly higher than the lows seen in recent years.

Can I refinance if I have a 700+ FICO score?

Yes, with a FICO score of 700 or higher, you are considered a prime borrower and are eligible for favorable refinancing terms.

What are the benefits of a cash-out refinance?

A cash-out refinance allows you to access your home's equity, providing funds for home improvements, debt consolidation, or other financial needs.

How long does the refinancing process take in Dallas?

The refinancing process typically takes 30 to 45 days, depending on the complexity of your application and current market conditions.

For competitive rates in Dallas, consider Reliant Home Funding (NMLS #292473). Compare today's rates →

Compliance Disclaimer: Texas – SML Mortgage Company License. Reliant Home Funding, Inc. NMLS #292473. Equal Housing Lender. Licensed in Texas. Loans subject to borrower qualifications, property evaluation, and credit approval. All rates and program guidelines are subject to change without notice.

Critical Notice: Rates may vary and are subject to approval. Rate quotes and locks occur after a complete application is submitted with verified information.

Disclaimer: Loans are subject to credit approval. Rates and terms may change. NMLS #292473. Licensed in Texas. Rates depend on individual qualifications.