Goodnight Ranch: How Rates Affect Buying Power This Month

What does a 7.18% mortgage rate mean for buyers in Goodnight Ranch right now? With the median closed price at $407,825 across 16 sales in the rolling six months ending October 31, 2026, monthly payments are sensitive to every basis point. A standard loan on a $407,825 home at 7.18% results in a principal-and-interest payment of $2,210 per month. ALEX Intelligence modeled the impact of common buydowns to show how buyers can manage this cost. A 3-2-1 buydown reduces the rate to 4.18% in year one, cutting the monthly payment by $618, then 5.18% in year two (saving $422), and 6.18% in year three (saving $216). The total cost of this buydown is $15,072, or 3.7% of the median sale price. A shorter 2-1 buydown costs $7,656 (1.88% of price) and lowers the rate to 5.18% in year one and 6.18% in year two. These scenarios assume a 30-year fixed loan with principal-and-interest only. The data shows that while median prices have risen 10.4% compared to the prior six-month period, they remain 5.5% below the same window last year. Days on market have also improved, dropping 30.8% from the prior period to 63 days. Buyers should weigh the upfront cost of a buydown against their long-term rate expectations and cash flow needs. The mortgage rate data is sourced from Freddie Mac Primary Mortgage Market Survey, 30-year fixed, week of 2026-11-05 (FRED MORTGAGE30US). All model outputs are ALEX Intelligence estimates, not an appraisal. Want to see this home? Call or text George at 713.918.9951 for a private 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