Oklahoma Mortgage Group - Mike David

  In the dynamic world of Tulsa mortgages, a significant yet subtle shift has occurred, marking a moment of stability in an otherwise fluctuating market. For the first time in a week, we've seen mortgage rates move by a normal amount, breaking the pattern of the calmest, flattest seven days in over a year. This stability, though not particularly headline-grabbing, is a noteworthy change for those interested in Tulsa home loans. Delving deeper into today's mortgage landscape, we find that Tulsa's mortgage rates have hit their lowest point since May 2023. This milestone is undoubtedly a positive sign for potential homeowners and those considering refinancing in Tulsa. While these rates are indeed the lowest in over seven months, it's important to note that the decrease is not significantly lower than what we've observed in the past two weeks. Essentially, the average mortgage borrower would likely receive a similar quote today as they would have on other recent days.

Hey Tulsa! It's Mike David here, your trusted expert in Tulsa home loans and mortgages. Today, I'm beyond excited to share a success story that perfectly illustrates the magic of our unique home loan solutions here in Oklahoma. A Tulsa Home Loans Success Story That Will Wow You You've probably heard me sing praises about our One-Time Close Construction Loan. But let me share a real-life scenario that showcases why we're leading the pack in Tulsa mortgage options. Picture this: Our client opted for our 12-month long-term rate lock under this fantastic program. They embarked on their home-building journey in Tulsa, watching their dream unfold without the anxiety of unpredictable interest rates. Fast forward a year, and their beautiful home is ready. Now, it's time to transition to a 30-year fixed mortgage. The Unexpected Yet Welcome Twist Here's where the story takes a delightful turn. As we neared the end of the construction phase, we discovered that the interest

  A Surprising Turn in Mortgage Rates In a remarkable turn of events, the average rate on 30-year mortgages has seen a significant plunge, reaching a seven-month low. This shift is especially relevant for homebuyers and homeowners in Oklahoma, bringing a new wave of opportunities in the housing market. Tulsa Mortgage: A Window of Opportunity For those eyeing Tulsa mortgages, this drop presents a unique chance to secure more favorable loan terms. The average rate on 30-year mortgages has dipped below 7%, a level not seen since the previous August, opening doors for both first-time buyers and existing homeowners in Tulsa looking to refinance. Why This Matters for Home Loans in Oklahoma The decline in mortgage rates is a result of several factors, including positive inflation data and predictions of further rate reductions. This trend could bring mortgage rates even closer to 6%, offering a potential relief to the slow and expensive housing market in Oklahoma. The Future Looks Bright Expe

If you're keeping track of the Tulsa mortgage market or are a realtor in the Tulsa area, today's update from Federal Reserve Chairman Powell is particularly relevant. Understanding the movement of mortgage rates is crucial, especially in the Tulsa market. Powell's recent speech provided some key insights, indicating a potentially stable period ahead for mortgage rates. Here's a simplified breakdown of the key points: - The yield on 10-year Treasury notes, a significant indicator for Tulsa mortgage rates, has decreased to 4.01%. - Mortgage-backed securities, closely tied to Tulsa mortgage rates, have seen a notable increase in value. Let's delve into Powell's speech to understand its implications for the Tulsa mortgage market: 1.Policy Tightening : The Federal Reserve is open to increasing rates if necessary, but the current outlook suggests stability. 2. Interest Rate Peak : It appears that the interest rates, a key factor for Tulsa mortgages, might have reached

As we pore over the color-coded probabilities from the latest CME FedWatch Tool, a pattern emerges that hints at the anticipated trajectory of the Federal Reserve's interest rate decisions. The blue highlighted boxes serve as a beacon, illuminating where a consensus of experts predicts the fed funds rate will land at upcoming Federal Open Market Committee (FOMC) meetings. The CME FedWatch Tool is a visual representation of market sentiment and expectations regarding FOMC decisions. The blue highlights draw our attention to the ranges with the highest probabilities, effectively a collective bet by market participants on where the fed funds rate is most likely to settle. March 2024: A Turning Point A significant takeaway from the tool is the strong belief among experts that starting in March 2024, we will witness a pivotal shift. The probabilities lean toward a decrease in the fed funds rate, as indicated by the blue hues shading lower rate intervals for that meeting and subsequent o