Lampasas County: How Rates Shape Buying Power Today

What does a 7.11% mortgage rate mean for buyers in Lampasas County today? With the median closed price at $312,584 across 70 sales in the rolling six months ending October 31, 2026, monthly payments are sensitive to even small rate shifts. A standard purchase with a loan amount of $250,067 and a 7.11% note yields a principal-and-interest payment of $1,682 per month. ALEX Intelligence modeled two common buydown structures to show how they affect cash flow. A 3-2-1 buydown reduces the rate to 4.11% in year one, 5.11% in year two, and 6.11% in year three. This lowers the monthly payment by $472 in the first year, $323 in the second, and $165 in the third, at a total cost of $11,520 (3.69% of the median price). A 2-1 buydown offers a smaller reduction: $323 per month in year one and $165 in year two, for a total cost of $5,856 (1.87% of the median price). These scenarios assume the loan amount of $250,067 derived from the median sale price and do not include taxes, insurance, or HOA fees. The data also show that prices have risen 10.8% versus the prior six-month period and 8.5% versus the same window last year, while days on market fell 5.1% from the prior period and 12.5% from last year. Buyers should weigh the upfront buydown cost against their expected holding period and monthly budget. Mortgage rate: 7.11%, Freddie Mac Primary Mortgage Market Survey, 30-year fixed, week of Nov 12, 2026 (FRED MORTGAGE30US). ALEX Intelligence estimate, not an appraisal. 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