Lee County: Mortgage Rates and Buying Power in October

Deal of the Week

This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 1281 Private Road 7037, Lexington TX 78947 · MLS #6096189 Listed at $699,900, 3 bed, 2.5 bath, 2,887 sq ft. Listed 15% below the ALEX valuation; price reduced 12% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1179652099/1281-Private-Road-7037-Lexington-TX 2. 148 E Boundary ST, Giddings TX 78942 · MLS #7195375 Listed at $187,500, 3 bed, 2 bath, 1,430 sq ft. Listed 4% below the ALEX valuation; price reduced 1% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1174084060/148-E-Boundary-ST-Giddings-TX 3. 650 S Main ST, Giddings TX 78942 · MLS #1257044 Listed at $160,000, 2 bed, 3 bath, 2,528 sq ft. Listed 5% below the ALEX valuation; 62% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188465438/650-S-Main-ST-Giddings-TX 4. 408 S Grimes ST, Giddings TX 78942 · MLS #8230896 Listed at $195,000, 2 bed, 1 bath, 1,504 sq ft. Listed 2% below the ALEX valuation; price reduced 13% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182773894/408-S-Grimes-ST-Giddings-TX 5. 1102 Private Road 2332, Giddings TX 78942 · MLS #8113908 Listed at $714,900, 5 bed, 3.5 bath, 4,467 sq ft. Listed 1% below the ALEX valuation; 4% under the local price per sq ft; price reduced 3% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183355942/1102-Private-Road-2332-Giddings-TX

What does a 7.4% mortgage rate mean for a buyer in Lee County today? With the median closed price at $347,000 across 48 sales in the rolling six months ending September 2026, the principal and interest payment on a standard 20% down loan is $1,922 per month. ALEX Intelligence modeled the impact of common buydowns to show how that monthly cost changes. A 3-2-1 buydown reduces the rate to 4.4% in year one, cutting the monthly payment by $532, but it costs $12,972 upfront (3.74% of the median price). A 2-1 buydown brings the rate to 5.4% in year one for a $1,559 payment, saving $363 monthly at a cost of $6,588 (1.9% of price). These scenarios assume a 30-year fixed loan at 7.4% with 20% down, based on Freddie Mac data from the week of October 8, 2026. The median days on market in Lee County has risen to 54 days compared to 40 days last year, while the median price per square foot fell 10.9% year over year. Buyers should weigh the immediate cash savings against the long-term rate environment when deciding whether to use a buydown. ALEX Intelligence estimates are not appraisals and do not guarantee future rates or prices. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951