Pecan Park: How Rates Shape Buying Power in November

What does a 7.18% mortgage rate mean for a buyer in Pecan Park? With a median sale price of $305,000 across 21 closed sales over the last 12 months, monthly payments are sensitive to rate shifts. A standard 30-year fixed at 7.18% with a loan amount of $244,000 results in a principal-and-interest payment of $1,653 per month. ALEX Intelligence modeled how common buydowns change that picture for this price point. A 3-2-1 buydown costs $11,292 total (3.7% of the median price) and reduces the first-year payment to $1,190, a monthly savings of $463. In year two, the rate steps to 5.18%, saving $316 monthly, and in year three it steps to 6.18%, saving $162 monthly. A 2-1 buydown costs $5,736 (1.88% of price), lowering the first-year payment to $1,337 ($316 savings) and the second-year payment to $1,491 ($162 savings). These scenarios show how concession structures can offset rate impact for buyers at the median. The data reflects single-family homes with prices net of seller-paid concessions. All model outputs are ALEX Intelligence estimates, not appraisals. Rates shown are from Freddie Mac Primary Mortgage Market Survey, 30-year fixed, week of Nov 5, 2026 (FRED MORTGAGE30US). Looking to buy in Pecan Park, Bastrop? Get new listings the day they hit the market. 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