Oklahoma Mortgage Group - Mike David

Now that the federal government has reopened, the Federal Housing Finance Agency (FHFA) and the current administration have reignited discussions around reforming the GSEs (Fannie Mae and Freddie Mac). Over the weekend, the administration publicly floated the idea of introducing a 50-year fixed-rate mortgage , calling it a potential “game-changer.” This proposal signals a bold departure from the traditional 30-year mortgage model, and a willingness to re-engineer one of the most foundational elements of the U.S. housing finance system in the name of affordability and access. But does it really solve affordability? Let’s break it down. The Concept: Stretching the Term to “Fix” Affordability Strategically, a 50-year mortgage would aim to lower monthly payments and make homeownership appear more accessible for younger and lower-income buyers. Rather than relaxing credit standards or offering subsidies, the administration seems to be exploring loan structure innovation as a new affo...

After a few years where the housing market felt like it was stuck in neutral, 2026 could be the year Oklahoma real estate shifts back into gear . Across Tulsa, Bixby, Broken Arrow, and beyond, more families are expected to make a move as affordability begins to improve. More Homes Will Sell Experts predict an increase in home sales in 2026 as both buyers and sellers start to feel more confident. After several years of limited activity, this renewed momentum could open the door for you to buy or sell with stronger market conditions. Mortgage Rates Could Ease After peaking near 7% earlier this year, mortgage rates are expected to gradually decline into the low 6s or even high 5s, according to Fannie Mae, MBA, and Wells Fargo forecasts. Even a small dip can mean hundreds in monthly savings for Oklahoma buyers. Home Prices Will Rise at a Sustainable Pace Instead of the rapid price jumps we saw in past years, projections show more balanced growth — averaging around 2–4% nationwide. L...

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...