Oklahoma Mortgage Group - Mike David

  If you’re shopping for a home and your financing needs are approaching jumbo territory, there’s a new reason to review your options. Waterstone Mortgage has announced a temporary increase in its conforming loan limit to $845,000 for eligible one-unit homes. The change applies to qualifying loans with new rate locks beginning September 10, 2026. For buyers in Tulsa, Bixby, Broken Arrow, Jenks and surrounding communities, this could provide another option when deciding how to finance their next home. What does the higher limit mean? Loan limits help determine which mortgage programs can accommodate the amount you need to borrow. Waterstone’s increase allows qualifying borrowers to explore its eligible conventional programs for loan amounts up to $845,000. If you previously discussed jumbo financing because of your loan amount, it may be time to compare the options again. The right fit still depends on your finances, the property and your goals. The loan amount and purchase price ar...

If you've been following mortgage rates this summer, you know the story has been frustrating. Every time rates appeared ready to improve, another inflation report, geopolitical headline or jump in Treasury yields seemed to push them back in the other direction. But over the last two weeks, the economic picture has started to become a little more encouraging for homebuyers. Mortgage rates haven't suddenly become “low,” and nobody should assume a major drop is right around the corner. But we're finally seeing several pieces of the economy moving in a direction that could eventually provide some relief. At the same time, something important is happening locally: Tulsa homebuyers are gaining negotiating power. Here's what buyers, homeowners and Realtors should know. Mortgage Rates Eased Slightly Last Week Freddie Mac's national benchmark for a 30-year fixed-rate mortgage averaged 6.67% on August 13 , down slightly from 6.69% the previous week. The 15-year averag...