Oklahoma Mortgage Group - Mike David

If you're sitting around waiting for mortgage rates to suddenly fall off a cliff... you might be waiting a while. According to the latest forecasts from Fannie Mae, MBA, and Wells Fargo, rates are expected to stay in the mid-6% range through early 2026. Not sky-high, not dirt-cheap—just… steady. The average projection for Q3 2025 is 6.68%, and even by mid-2026, we’re only seeing rates dip into the low 6s. That’s not bad news—it’s just realistic. The economy is holding up, inflation is being stubborn, and the Fed isn’t rushing to slash rates. So if you're holding out for a magical 4.5% again, you may want to reevaluate your timeline. Here’s the thing: if you find the right house and it fits your life and your budget, it may still make sense to move now. You don’t want to pass up a great opportunity waiting for a big drop that—according to all the data—isn’t likely to happen. And remember, you’re not stuck with the rate forever. Refinance options down the road are always a po...

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...