Blanco Vista: How Mortgage Rates Affect Buying Power in November

What does a 7.18% mortgage rate mean for buyers in Blanco Vista right now? With the median home price at $325,000 across 27 closed sales in the rolling six months ending October 31, 2026, monthly payments are sensitive to interest rate shifts. A standard purchase with a loan amount of $260,000 and a 7.18% note rate results in a principal-and-interest payment of $1,761 per month. ALEX Intelligence modeled two common buydown scenarios to show how these rates impact affordability. A 3-2-1 buydown reduces the rate to 4.18% in year one, saving $493 monthly, then 5.18% in year two, and 6.18% in year three. The total cost of this buydown is $12,024, or 3.7% of the median sale price. A 2-1 buydown offers a smaller reduction, costing $6,108 (1.88% of price), with savings of $337 in year one and $172 in year two. These figures are estimates based on current market data and do not constitute an appraisal. The median home size is 1,934 square feet, and the median price per square foot stands at $173.69. While prices have dipped 7.1% compared to the prior six-month period, the ability to negotiate a buydown can significantly alter monthly cash flow for buyers entering the market today. https://alex.realestate 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