Travisso: Mortgage Rates and Buying Power in October

What does a 7.32% mortgage rate mean for buyers in Travisso today? With the median closed price at $882,500 across 56 sales in the rolling six months ending September 30, 2026, monthly payments are significantly higher than they were two years ago when rates were lower. A buyer purchasing a home at the current median with 20% down and financing the remaining $706,000 would face a principal and interest payment of $4,850 per month. ALEX Intelligence modeled the impact of common seller concessions to show how these payments can be adjusted. For a standard 3/2/1 buydown, the buyer saves $1,348 per month in the first year compared to the full rate. The total cost of this buydown is $32,880, which represents 3.73% of the median sale price. A shorter-term 2/1 buydown offers a more modest reduction, reducing the first-year monthly payment by $921. This option costs $16,704 total (1.89% of the price). These figures are ALEX Intelligence estimates based on a median sale price of $882,500 and do not constitute an appraisal or guarantee of future rates. While the median price per square foot has dropped 11.4% compared to the same period last year, the number of days homes spend on market has risen 42.6%, indicating that financing terms are a key factor in current negotiations. Buyers should weigh the upfront cost of a buydown against their long-term holding plans and cash flow needs. 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