Oklahoma Mortgage Group - Mike David

This week is one of the most important of the year for mortgage rates —and it could impact your buying power. A series of major economic events are in motion, including the Federal Reserve meeting, Q2 GDP, jobs data, consumer sentiment reports, and updates on trade policy. Even though stocks are hitting record highs, bond yields (which influence mortgage rates) have been stuck in a tight range. That may change quickly depending on how this week's data comes in. If consumer spending remains strong, the Fed may delay any rate cuts. But signs of slowing could tip the scales toward easing policy in the months ahead. We’re also watching the Treasury Department’s bond buyback plans and the July Jobs Report. Any surprises in those numbers could cause mortgage rates to move—sometimes sharply. If you’re thinking about buying, refinancing, or locking in a rate, now is a great time to talk strategy. Even small shifts in rates can affect your monthly payment and long-term costs. The team a...

Over the past few years, rising home prices and interest rates have made homebuying feel out of reach. But here’s some encouraging news: mortgage rates have finally started to stabilize , and that’s a big deal for Tulsa buyers. As shown in the chart below, rates have held steady in the mid-6% range since late 2024.  Forecasts from Fannie Mae, MBA, and Wells Fargo all agree, rates are expected to remain in the 6’s through 2026.  That means less guesswork and more confidence as you plan your move. Why it matters: When rates are all over the place, it’s hard to know what your monthly payment might be. But with this new stability, buyers have a clearer picture of their budget — and that makes buying a home feel less risky and more realistic. Expert forecasts suggest rates might tick down slowly, but we likely won’t see a dramatic drop anytime soon. Trying to time the market could mean missing today’s opportunity. Ready to run the numbers and see what your monthly payment co...

Do you think you need 20% down to buy a home? Think again. That outdated belief is stopping too many first-time homebuyers in Tulsa from getting started, but Oklahoma Mortgage Group is here to change that. According to the National Association of Realtors, the median down payment for first-time homebuyers is only 9% , not 20%.  Even better? Many buyers may qualify for 0 % down loan programs,  such as   VA and USDA loans , or low down payment options like FHA and conventional 3% programs. Even more surprising? Nearly 80% of first-time buyers qualify for down payment assistance , but only 13% actually use it . That’s a huge missed opportunity. These down payment assistance (DPA) programs can offer up to $17,000 toward your purchase. Whether you’re a teacher, firefighter, Veteran, or just starting out, there may be free money waiting to help you buy your first home. 👉 Tulsa buyers: Don’t let myths or lack of info hold you back. You may be closer to homeownership than y...

If you're considering buying a home in Tulsa, the second half of 2025 could bring a welcome shift. According to recent projections from leading housing experts, mortgage interest rates are expected to ease slightly , falling into the mid-to-low 6% range by year-end. For buyers, this means more purchasing power. For realtors, it's the perfect time to re-engage clients who may have paused their home search. As of May 13, 2025, the average forecast across five major sources—MBA, NAHB, Zillow, Wells Fargo, and Fannie Mae—shows an average projected rate of 6.46% . Notably, Fannie Mae projects the lowest at 6.20% , while MBA estimates the highest at 6.70% . This range suggests growing optimism about economic stability and inflation control. For those seeking a Tulsa home loan , this is a  crucial time to connect with Oklahoma Mortgage Group (OMG).  We understand the nuances  of the Tulsa real estate market. Locking in a rate or preparing now could help you take advantage of be...

Buying a home in Tulsa just got easier. Whether you're a first-time homebuyer or looking to upgrade without draining your savings, Oklahoma offers several down payment assistance (DPA) programs that can help you get the keys to your dream home with little or  no  money down. What is Down Payment Assistance? Down Payment Assistance (DPA) helps cover part, or all of the down payment and sometimes closing costs. In Tulsa and throughout Oklahoma, these programs come in the form of: Grants (no repayment) Forgivable loans (repaid only if you sell or refinance early) Deferred or repayable loans (often with low or no interest) Why It Matters for Tulsa Homebuyers With rising home prices, many qualified buyers are being held back by one key factor: the need for cash for the down payment. These DPA programs open the door to homeownership, especially for first-time buyers, teachers, first responders, and families who just need a little help to get started. Top Down Pa...

For over 80 years, VA home loans have helped Veterans and active-duty service members achieve the dream of homeownership. Yet, many are still unaware of one of the most powerful VA loan benefits: no down payment required . A recent Veterans United report reveals that only 3 in 10 Veterans know they can buy a home with $0 down using a VA loan . That means 70% of eligible Veterans could be missing out on one of the best home financing options available. At Oklahoma Mortgage Group (OMG) in Tulsa , we’re committed to helping Veterans understand and use their well-earned benefits. VA loans offer: $0 down payment options No private mortgage insurance (PMI) Low fixed interest rates Flexible credit guidelines Limited closing costs These benefits make homeownership more accessible and affordable for those who have served. If you're a Veteran in Tulsa or anywhere in Oklahoma, don't leave this benefit on the table. Contact the experts at Oklahoma Mortgage Group to ch...