The total cost for homebuyer hopefuls to take out a 30-year mortgage increased over the past year through August 2026 but the housing market across the two largest Rio Grande Valley metro areas went in opposite directions.
Interest rates for 30-year mortgages were up from roughly 6.41% in August 2025 to 6.72% in August 2026.
Home sales across the McAllen-Edinburg-Mission metro steadily increased while the Brownsville-Harlingen metro area saw a decline through August over the year.
In the Brownsville-Harlingen market, sales were down by 17% and appeared to drop back to levels last seen in August 2019.
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Kristen Mosbrucker-Garza
Reporter
Kristen Mosbrucker-Garza is a versatile multimedia news reporter who lives and works along the Texas-Mexico border in Hidalgo County. Mosbrucker-Garza is a news reporter for the Rio Grande Valley Business Journal. During her career she's worked for the McAllen Monitor, San Antonio Business Journal, The Advocate Newspaper in Louisiana, Phoenix New Times, and public media outlets in Baltimore and Philadelphia.
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