Rough Hollow: How Rates Shape Buying Power in November

What does a 7.18% mortgage rate mean for buyers in Rough Hollow? With the median home price at $1,008,600 across 43 closed sales in the rolling six months ending October 31, 2026, monthly payments are significantly higher than they were a year ago. A standard 30-year fixed loan with 20% down on this median price results in a principal and interest payment of $5,466 per month. ALEX Intelligence modeled the impact of common buydowns to show how buyers can manage these costs. A 3-2-1 temporary buydown reduces the rate to 4.18% in year one, lowering the monthly payment to $3,936 and saving $1,530 per month initially. However, this strategy requires an upfront cost of $37,320, which is 3.7% of the median sale price. A shorter 2-1 buydown costs $18,960 (1.88% of price) and offers a smaller initial reduction to $4,421 per month. These figures are estimates based on current market rates and do not constitute an appraisal or financial advice. Buyers should weigh the upfront cost of a buydown against their long-term plans, as rates will revert to 7.18% after the buydown period ends. The median price in Rough Hollow has risen 16.5% compared to the prior six-month period, while days on market have dropped by nearly half, indicating strong demand despite higher financing costs. https://alex.realestate 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