Killeen: How Mortgage Rates Affect Buying Power Today

What does a 7.32% mortgage rate mean for a buyer in Killeen today? With the median closed sale price at $260,970 across 36 transactions in September, ALEX Intelligence calculated the monthly payment impact and the cost of common buydowns to show how rates shape affordability. At a 7.32% rate with a loan amount of $208,776, the principal-and-interest payment on a median-priced home is $1,434 per month. A 3-2-1 buydown reduces that to $1,036 in year one, saving $398 monthly, then $272 in year two and $139 in year three. The total cost of this buydown is $9,708, or 3.72% of the median sale price. A 2-1 buydown costs $4,932 (1.89% of price), lowering the first-year payment to $1,162 and the second-year payment to $1,295. These figures are ALEX Intelligence estimates based on current rates and median prices; they are not appraisals. Buyers should compare these scenarios against their budget and the local market, where 30 days on market and a 1.0 close-to-original-list ratio indicate active negotiation dynamics. The data reflects ABOR-listed sales only. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Coverage: most home sales in Killeen are listed in another MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. 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