Sign in to comment!

Menu
Home

Disasters

A look at the ongoing drought in Texas

Some facts and figures about the ongoing drought in Texas:

— Texas is in its most severe one-year drought on record.

— The drought is the second-worst on record, behind only a dry spell that lasted for most of the 1950s.

— During its typically wettest months, April and May, the state got no significant rainfall.

— Texas would need more than 4.5 inches of rain in the next two months to avoid breaking the 1956 record for driest 12 consecutive months.

— Texas had its hottest June on record, and it was the fifth warmest month overall.

— July was the warmest month ever recorded for Texas, with data going back to 1895.

— A record 248 of the state's 254 counties are under burn bans.

— One agriculture official says crop and livestock losses in Texas could be double the state's record, $4.1 billion in 2006.

— The U.S. Drought Monitor map released for the week of Aug. 9 showed that more than 78 percent of the state was in the worst stage of drought.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.79% dw 3.84%  
15 Y Fixed Graph 2.90% dw 2.95%  
30 Y Fixed Jumbo Graph 4.36% up 4.28%  
5/1 ARM Graph 3.23% -- 3.23%  
5/1 Jumbo ARM Graph 3.54% dw 3.64%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.75% dw 4.76%  
$50K HELOC Graph 4.05% up 4.04%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.35% -- 4.35%  
$75K Loan Graph 4.35% -- 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.67% up 2.65%  
36 M Used Graph 3.18% up 3.17%  
48 M New Graph 2.94% up 2.93%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.06% up 3.04%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.41% up 0.40%  
1 yr Graph 0.71% dw 0.72%  
5 yr Graph 1.45% -- 1.45%