Dallas Mortgage Rates Hit New Heights: Condo vs Single Family Considerations
Market Update
The Dallas, TX real estate market has seen a significant shift in the second quarter of 2026. According to recent data, Dallas saw a 12% increase in condo sales, outpacing single-family home sales. The median home price in Dallas is $340,000, with condos averaging $280,000 and single-family homes averaging $380,000.
Mortgage Rate Trends
Dallas mortgage rates have also experienced a notable increase. As of the current quarter, 30-year fixed mortgage rates in Dallas are at 6.25%, a 0.5% increase from Q2 2026. 15-year fixed mortgage rates are at 5.5%, a 0.25% increase from Q2 2026.
Local Expert Spotlight
With the complex condo vs single-family mortgage landscape, experts recommend working with a local professional to navigate the market. Loan officers in the area are advising clients to consider factors such as HOA fees, property taxes, and insurance costs when deciding between a condo and single-family home.
Featured Local Experts
Daniel Phillip Aaron
- NMLS: 703128
- Location: Dallas
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Indu Kapoor
- NMLS: 296179
- Location: Dallas
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David Warren Edmondson
- NMLS: 1577305
- Location: Dallas
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Sushil Patel
- NMLS: 793633
- Location: Dallas
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Whitney Erin Kelly
- NMLS: 2086820
- Location: Dallas
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Note: The information provided in this article is based on the provided source facts and may not reflect the complete market situation. For personalized advice, it is recommended to consult with a local loan officer.