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Claremore

Current Mortgage Rates in Claremore, Oklahoma

Compare mortgage rates and fees for leading lenders in Claremore, OK. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Claremore.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Claremore. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Claremore, OK as of October 23, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Claremore, OK Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Claremore 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%

Mortgage Program
Today's
Claremore, OK Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Claremore, Oklahoma?

The median home value for Claremore, OK (Rogers County) is $163,485

The median household income for Claremore, OK (Rogers County) is $63,195

Based on current mortgage rates and a 10% down payment, you need to make $30,332 per year to buy the median priced home in Claremore

The home price you can afford to buy based on household income in Claremore is 208% of the median home value which means housing prices are affordable

Claremore (Rogers County) ranks 60 out of 77 counties in Oklahoma and 1,419 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Claremore, OK is affordable

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Loan Limits for Claremore, Oklahoma

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Claremore (Rogers County) below.

Conforming loan limits for Claremore, OK

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Claremore, OK

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Claremore, OK

1 unit: $484,350

Additional Mortgage Resources for Claremore, OK Residents

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Wagoner Mortgage Rates

Sources

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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index