North Texas is booming in 2025, and it’s not slowing down anytime soon. From Frisco to Gunter, the region is quickly becoming one of the top places to live in the U.S. With thousands of new homes approved, major companies investing, and families moving in from all over the country—and even the world—this part of Texas is turning into a homebuyer’s dream. And if you already own a home, now might be the right time to take advantage of lower mortgage refinance rates. Let’s take a closer look at what’s happening in the housing market and why now could be the perfect time to prequalify for a home loan or explore refinance rates today.
A Texas-Sized Boom in Frisco and Gunter
Not long ago, Frisco was a small town with a few thousand residents. Fast forward to 2025, and the city is expected to hit a population of 350,000. Just a bit north in Gunter, developers have approved 4,200 new homes, with more on the way. This growth is fueled by new job opportunities, good schools, and better living conditions than in many other parts of the U.S.
Big names like Texas Instruments are investing billions nearby, bringing thousands of high-paying jobs. And with that, more people are looking to buy homes and settle down—fast.
Refinance Rates Today Offer a Smart Way to Save
With all the excitement about buying, there’s also good news for current homeowners. If you bought a house a few years ago and your interest rate is still over 7%, now might be a good time to refinance.
Here are the latest average mortgage refinance rates for July 2025:
- 30-Year Fixed: 6.79%
- 15-Year Fixed: 5.99%
- 30-Year FHA: 6.30%
- 30-Year VA: 6.31%
If you refinance now, you could cut down your monthly payments and save hundreds of dollars each month. That money could go toward home upgrades, college savings, or paying off debt. Refinancing can also help switch to a fixed-rate mortgage, shorten your loan term, or even unlock cash through a cash-out refinance.
Prequalify for a Home Loan Before Prices Go Higher
The real estate market is heating up, and homes in places like Prosper and Celina are selling fast. In Prosper, the median home price is now around $894,000. That means it's more important than ever to prequalify for a home loan before you start shopping.
When you prequalify, you find out how much home you can afford, which makes it easier to make a serious offer when you find the right place. Prequalifying also helps you plan for your monthly payments using today's refinance rates and mortgage options.
Why Are So Many Families Moving to North Texas?
It’s not just people from Dallas moving north. In fact, new families are arriving from California, New York, and even overseas. North Texas is popular because it offers:
- Great schools – Frisco has more than 40 elementary schools and 12 high schools.
- Good jobs – Companies like Toyota, Amazon, and State Farm have offices in the area.
- Low taxes – Texas has no personal income tax.
- Family-friendly neighborhoods – Communities like Windsong Ranch and Light Farms offer pools, parks, and community events.
- Strong economy – Texas has seen over 36 straight months of economic growth.
With all these benefits, it’s no wonder families from tech and healthcare fields are choosing Texas for their next move.
Let’s Talk Real Numbers
If you’re still unsure whether to refinance or buy, here are the latest average monthly payments based on today’s rates:
- 30-Year Fixed: ~$1,628/mo
- 15-Year Fixed: ~$2,108/mo
- 30-Year FHA: ~$1,547/mo
- 30-Year VA: ~$1,549/mo
If you already have a mortgage and your payment is higher than this, refinancing could help. For example, dropping from a 7.5% interest rate to 6.3% could save you more than $250 per month.
What People Are Saying: Dream Home Mortgage Reviews?
Many homebuyers and homeowners are using Dream Home Mortgage to make their next move. The major reason why you can count on them is due to numerous positive Dream Home Mortgage reviews. This shows that customers appreciate their support for first-time buyers and refinancing help. Many users mention how easy it was to understand the process, ask questions, and get help with paperwork. You can get in touch today as they offer first-time homebuyers program, grants, and refinance option.
The Future Looks Bright: New Projects and Big Plans
North Texas is not just growing fast—it’s growing smart. The region is adding more roads, better transportation, and exciting attractions. Frisco’s The Star, a $1.5 billion project, has everything from office towers to the Dallas Cowboys’ practice stadium. Universal Studios is building a new theme park in the area, expected to open in 2026.
Meanwhile, cities like Celina and Gunter are getting new schools, green spaces, and shopping areas. The goal is to make sure families have everything they need nearby.
Where Else Can You Buy in Texas?
Texas is full of great places to live, not just in the north. Here are some of the top cities people are moving to in 2025:
- Austin – A tech hub with high-paying jobs and green parks.
- San Antonio – Affordable homes and a strong job market.
- The Woodlands – Great schools, high income, and beautiful neighborhoods.
- Lubbock – Low-cost homes and strong community spirit.
- Amarillo – Quiet, family-friendly, and affordable.
No matter your lifestyle, there’s a Texas city that fits your goals and budget.
Don’t Wait Too Long and Start Today with Dream Home Mortgage!
2025 is definitely your year. Whether you’re ready to buy or just thinking about refinancing, it is the perfect time to do so. Refinance rates today are better than they’ve been in years, and homes are being built across North Texas faster than ever. If you wait too long, you might miss out on a better rate or the chance to get into a great neighborhood before prices rise again. That’s why the smart move is to prequalify for a home loan today. You can start the process today by booking a free 30-minute consultation session.
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