Oklahoma Mortgage Group - Mike David

Mortgage Monday is arriving on a Tuesday this week—and this time, waiting for the financial markets to reopen gave us a much clearer picture of what is actually happening with mortgage rates. The early read is mixed. Mortgage bonds have recovered from some premarket weakness, and the 10-year Treasury yield was close to 4.78% during Tuesday morning trading. That is better than the early premarket level of approximately 4.80%, but it is not enough to call this a meaningful mortgage-rate rally. The more accurate description is: Mortgage pricing opened roughly unchanged to slightly better, but inflation and oil prices are keeping the market on edge. What Happened When the Market Opened? Before the regular market session, the 10-year Treasury yield was approximately 4.803%, nearly two basis points higher than Friday’s close. Later in the morning, the yield moved back toward 4.78%, while mortgage-backed securities were essentially unchanged to slightly stronger. That recovery is mildly encou...

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...

  Tulsa's Housing Growth Continues The Tulsa metro area continues to attract homebuyers, builders, and investors, and the latest housing start data shows exactly where that growth is taking shape. According to the Home Builders Association of Greater Tulsa, the region recorded 877 housing starts through April 2026. While growth is occurring throughout the metro, several communities are emerging as key destinations for new home construction and buyer demand. Where New Construction Is Concentrated Broken Arrow leads the region with 167 housing starts year-to-date, followed by: Tulsa: 117 Coweta: 99 Tulsa County: 97 Rogers County: 84 Bixby: 64 Jenks: 40 These numbers demonstrate a continued shift toward communities that offer more than housing alone. Buyers are increasingly looking for neighborhoods with convenient access to schools, shopping, recreation, and community amenities. What This Means for Homebuyers More housing starts create more opportunities for buye...

  Is the Housing Market Going to Crash? It's one of the most common questions buyers are asking in today's market. After years of rising home prices, higher mortgage rates, and affordability challenges, many consumers are wondering if a major housing correction is around the corner. According to most housing experts, the answer is no. Why This Market Is Different Than 2008 The comparison to the Great Recession is understandable, but today's housing market operates under very different conditions. Mortgage lending standards are much stricter than they were before the 2008 crash. Homeowners also hold record levels of equity, giving many families a financial cushion that simply did not exist during the housing crisis. In addition, inventory remains limited across much of the country. While the number of homes available for sale has improved, supply still falls short of long-term demand in many markets. Experts Expect Normalization, Not Collapse Most housing forecasts point tow...