Tulsa Mortgage Rates Forecast for 2026 and 2027

If you’ve been watching Tulsa mortgage rates and wondering whether to wait for them to drop, you’re not alone. Many homebuyers across Tulsa, Bixby, Jenks, Broken Arrow, and the surrounding areas are hoping to see rates return to the historic lows of 2020–2021.

However, according to the Mortgage Bankers Association (MBA), current projections show 30-year mortgage rates remaining in the mid-6% range through 2026 and into 2027. While short-term fluctuations are always possible, the broader forecast does not indicate a return to 4% or even low-5% mortgage rates anytime soon.



What the Mortgage Bankers Association Forecast Means for Tulsa Buyers

The MBA’s outlook suggests stability rather than a dramatic decline. For buyers in the Tulsa real estate market, this changes the conversation from “waiting for lower rates” to “buying strategically in today’s market.”

If rates remain in the mid-6% range:

  • Buyers waiting for a major drop may delay homeownership longer than expected

  • Home prices could continue to appreciate in desirable Tulsa neighborhoods

  • Competition could increase if rates dip slightly and sidelined buyers re-enter the market

In other words, waiting for significantly lower Tulsa mortgage rates could mean paying more for the same home later.

Why Today’s Tulsa Mortgage Market May Offer Opportunity

While rates are higher than they were a few years ago, today’s market offers advantages that buyers did not have during the low-rate frenzy:

  • More available inventory

  • Reduced bidding wars

  • Increased seller concessions

  • Greater negotiating power

As a Tulsa mortgage lender, we are seeing buyers negotiate closing costs, rate buydowns, and inspection repairs that were nearly impossible to secure when rates were below 4%.

Buy Now, Refinance Later Strategy

One of the most common strategies in today’s market is simple: buy the right home now and refinance later if Tulsa mortgage rates improve.

Refinancing is a tool. Home prices and opportunity windows are not always as predictable.

If a buyer waits two years hoping for lower rates but home values increase during that time, the overall cost of waiting may outweigh the benefit of a slightly lower rate.

What Should Tulsa Buyers Do Now?

Instead of trying to time the market perfectly, the smarter move is to:

  1. Get pre-approved with a trusted Tulsa mortgage lender

  2. Review your monthly payment options

  3. Understand available loan programs including FHA, VA, Conventional, and Oklahoma homebuyer programs

  4. Create a personalized strategy based on your goals

Every borrower’s situation is different. Credit score, down payment, loan type, and long-term plans all impact what makes sense.

Talk to a Local Tulsa Mortgage Expert

National headlines don’t always reflect what’s happening in the Tulsa mortgage market. Local trends, inventory levels, and pricing vary by neighborhood.

If you’re considering buying or refinancing, let’s look at your numbers and build a plan that makes sense for you.

At Oklahoma Mortgage Group, we help buyers throughout Tulsa, Bixby, Jenks, Broken Arrow, Owasso, and surrounding communities navigate today’s mortgage environment with clarity and strategy.

If you’re searching for a Tulsa mortgage lender, want to compare Tulsa mortgage rates, or need guidance on home loans in Tulsa, reach out today. The right plan is better than waiting on a forecast that may not change.  Click here to book a phone chat with us today! Or call/text me at 918-361-1550!



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