Oklahoma Mortgage Group - Mike David

Hey everyone, Mike David here with Oklahoma Mortgage Group. I get it – the Fed's actions have made mortgage rates jump, making home buying feel less affordable. But before you give up on your dream of owning a home, let's dive into what this all means for the rest of the year. Rates Might Fall – But When? Experts are keeping an eye on the Fed's upcoming March meeting, but don't expect instant relief on mortgage rates. However, we could see those rates drop later in 2024 if inflation gets under control. This means the longer you wait, the better your chances could be. Time Might Be Of The Essence The housing market is all about timing and opportunity. If you find that perfect house right now and feel financially ready, don't let higher rates totally scare you off. Here's why: Refinance: Rates are projected to go down. You can always refinance your mortgage in the future to snag a lower interest rate! Seller Incentives: With some markets softening, you could

Hey there, Tulsa house hunters and homeowners! 👋 Let's discuss the topic that's probably on most people's minds these days: Tulsa mortgage rates. We know they've been a bit of a rollercoaster lately, and that can make figuring out how much house you can afford a real headache.  First, some quick facts: Tulsa Rates have been going up and down a bit, and that's because, well, a lot of things affect them. The overall economy, the job market, inflation – it's like a big pot of financial soup, and all the ingredients can influence the final rate.  But don't worry, you don't need a Ph.D. in economics to navigate this! That's where we, the Tulsa mortgage pros at OMG, come in.  We're here to discuss the trends, what experts say about the future, and, most importantly, how it all affects your Tulsa homeownership goals.  For example, this chart below shows how even a small change in the Tulsa interest rates can significantly affect how much house you can

Hey guys, Oklahoma Mortgage Group checking in. Anyone else feel like they're on a roller coaster with these interest rates? Remember just a little while ago when everyone (including the Fed!) was saying rate cuts were on the horizon for 2024? That idea got tossed out the window faster than my teenager's dirty laundry.  This week's been a whirlwind! Here's what you need to know: Rates are acting a little crazy: We had some good economic news, and BAM! Rates started bouncing around. You know the drill - strong economy usually means no big rate drops anytime soon. The Fed's getting chatty: Even Fed Chair Powell had to admit that the recent numbers have been surprising. They're not sure if those rate cuts are even happening anymore. Yikes! It's not all bad: The market is still being a bit dramatic. We'll have to see what next month's big economic reports bring before we panic buy a bunker for our interest rates.  Bottom line for my Tulsa real