Travisso: How Mortgage Rates Affect Buying Power in November

What does a 7.11% mortgage rate mean for buyers in Travisso today? With the median closed price at $870,000 across 49 sales in the rolling six months ending October 31, 2026, monthly payments are significantly higher than they were a year ago when rates were lower. ALEX Intelligence modeled buying power using a standard 20% down payment on a median-priced home at the current rate of 7.11%. The principal and interest payment sits at $4,682 per month. To make this more affordable, sellers often offer buydowns that temporarily lower the interest rate. A common 3-2-1 buydown reduces the rate to 4.11% in year one, saving $1,315 monthly, then 5.11% in year two, and 6.11% in year three. The total cost for this specific buydown structure is $32,088, which equals 3.69% of the median home price. A shorter 2-1 buydown costs $16,308 (1.87% of price) and offers savings for just two years. These figures are estimates based on current market data and do not constitute an appraisal. Buyers should consult a lender to determine their specific qualification and payment scenarios. The median days on market has also stretched to 115 days, giving buyers more time to negotiate these concessions. 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