Compare mortgage rates and closing costs for leading lenders in Oklahoma. Review free, personalized mortgage rates for Oklahoma based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Oklahoma. Plus, shopping lenders is free and there is no obligation.
December 14, 2019
The current average rate for a 30 year fixed rate mortgage in Oklahoma is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Oklahoma is $139,038
The median household income for Oklahoma is $51,673
Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Oklahoma is $25,796
The home price you can afford to buy based on household income in Oklahoma is 200% of the median home value which means housing prices are super affordable. Oklahoma ranks 3 out of 50 states for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the real estate market in Oklahoma is super affordable
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
FREEandCLEAR Housing Affordability Index