Crosswinds: How Mortgage Rates Shape Buying Power Today

What does a 7.32% mortgage rate mean for a buyer in Crosswinds today? With the median closed sale price at $351,294 across 44 homes sold in the rolling six months ending September 30, 2026, monthly payments are sensitive to every basis point. A standard 30-year fixed loan with 20% down on a home at this median price results in a principal and interest payment of $1,931 per month. ALEX Intelligence modeled the impact of common lender concessions to show how buyers can manage these costs. For a buyer purchasing at the median price, a 3-2-1 buydown reduces the rate to 4.32% in year one, cutting the monthly payment by $537 and saving $6,444 in that first year. The total cost for this buydown is $13,104, or 3.73% of the sale price. A more modest 2-1 buydown costs $6,660 (1.9% of the price) and lowers the rate to 5.32% in year one, reducing the monthly payment by $367. These figures are estimates based on the median sale price and current market rates; they are not appraisals. While the median days on market has risen to 96 days and prices have dipped 2.3% from the prior six-month period, understanding these financing tools helps buyers navigate the current landscape. The data reflects 44 closed sales where the median price per square foot was $179. URL: https://alex.realestate/crosswinds Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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