Oklahoma Mortgage Group - Mike David

Understanding the Latest Federal Open Market Committee (FOMC) Decision At its July 2024 meeting, the Federal Open Market Committee announced no change to the Fed funds rate, keeping it at 5.25% to 5.50%, the highest level in 23 years. This decision aligns with market expectations and reflects a careful approach by the Fed despite recent calls for a rate cut. Key Takeaways for Tulsa Realtors and Homebuyers Future Rate Cuts Expected : Market anticipation is high (near 100%) for the first rate cut at the next FOMC meeting on September 18. Future rate cuts could begin a new cycle, potentially starting in September. Market Indicators : Balanced risks between employment and price stability suggest a shift towards rate cuts. Keep an eye on upcoming inflation and job market data. Challenges Ahead : Consider the impact of the presidential election, geopolitical risks, and economic trends. Anticipate changes in U.S. Treasury financing auctions affecting interest rates. Near-Term Focus : Monitor

Are you worried about a Tulsa housing market crash? Don't be. Unlike 2008, today's Tulsa real estate market is different. Experts agree: a crash is not expected in the near future. Why Tulsa Home Prices Are Stable The key factor is Tulsa housing inventory . For a crash to occur, there would need to be an oversupply of Tulsa homes for sale . Currently, we're experiencing the opposite – an undersupply. This is true even with recent inventory growth. Three Key Factors Impacting Tulsa Real Estate Inventory Existing Tulsa Homes for Sale: While there are more existing homes on the market compared to last year, the overall supply remains low. This means there simply aren't enough homes available to cause a price drop. New Home Construction in Tulsa: Although new home construction has increased, it's not a cause for concern. Tulsa home builders are actually playing catch-up after years of underbuilding. Distressed Property (Foreclosures/Short Sales) in Tulsa: Tha

Are you contemplating a move that will transform your lifestyle while opening up incredible opportunities? Look no further than Tulsa, Oklahoma! With the innovative Tulsa Remote program and the support of the Oklahoma Mortgage Group, relocating to Tulsa has never been more appealing. Let’s explore why you should consider making Tulsa your new home and how we can assist you in this exciting journey. Embrace a New Lifestyle with Tulsa Remote Live, Work, and Grow in Tulsa Tulsa Remote is designed to foster a thriving remote work community right here in Tulsa. This program offers resources to help newcomers thrive, providing an active and supportive community, and an impressive $10,000 to help you make Tulsa your new home. Imagine the possibilities that await you in a city that is not only affordable but also rich in culture and opportunities. Program Details: A Unique Opportunity in a Flourishing City Tulsa Remote offers a unique opportunity in a flourishing city. Here are the details on

Whether you're a military veteran or active-duty service member looking to buy your dream home in Tulsa, or a seller hoping to attract a wider pool of qualified buyers, understanding the ins and outs of VA loans is key. Oklahoma Mortgage Group is your local expert, ready to guide you through the benefits and opportunities that VA loans present in the Tulsa real estate market. Buyers – Your Path to Homeownership Made Easier Zero Down Payment: One of the most significant advantages of VA loans is the ability to purchase a home with no down payment. This can be a game-changer for veterans and service members, allowing you to enter the market sooner. Competitive Rates & No PMI: VA loans often come with lower interest rates than conventional loans. Additionally, they don't require private mortgage insurance (PMI), saving you hundreds or even thousands of dollars over the life of your loan. Flexible Requirements: While still requiring a credit check and income verific

With all the buzz surrounding Tulsa home prices and mortgage rates, you might be wondering if buying a Tulsa home is still a smart move. Should you keep renting, or is it time to invest in your own slice of Oklahoma real estate? Here's the lowdown: real estate continues to be a powerhouse investment, especially in thriving markets like Tulsa. Tulsa Real Estate: A Proven Winner For an impressive 12 years running, Gallup has crowned real estate the champion of long-term investments. It consistently outperforms other options like gold, stocks, and bonds. The proof is in the numbers! Why Tulsa Real Estate Shines What makes Tulsa real estate such a solid investment? Unlike the roller coaster ride of other investments, real estate offers a more predictable path to building wealth. Historically, home values in Tulsa tend to rise over time. While prices may fluctuate, the overall trend is positive, meaning your Tulsa home will likely appreciate and increase your net worth. Building Wealt

Attention Tulsa home buyers and sellers! The latest housing market forecast for the remainder of 2024 brings encouraging news for Oklahomans. As your trusted Tulsa mortgage lender, Oklahoma MortgageGroup is here to break down what this means for you. Home Prices to Rise Moderately: Say goodbye to skyrocketing prices! Home values are expected to appreciate at a more balanced pace, offering stability for buyers and promising equity growth for sellers. It's a great time to invest in your dream home with a Tulsa mortgage loan. Mortgage Rates to Ease Slightly: With inflation cooling down, mortgage rates are projected to come down slightly, making homeownership even more attainable. Our team at Oklahoma Mortgage Group is ready to help you secure the best Tulsa interest rates for your new home. Home Sales to Hold Steady: The market is expected to remain active, so whether you're buying or selling, opportunities abound. Let Oklahoma Mortgage Group guide you through the process, ensuri

As a trusted Tulsa mortgage lender, we understand that buying a home is more than just finding a place to live. It's about investing in your future and building wealth over time. If you're considering purchasing a home in Tulsa or anywhere in Oklahoma, it's essential to understand the long-term financial benefits of homeownership. Home Values Have Tripled Since 1991 One of the most compelling reasons to invest in homeownership is the significant increase in home values over the past few decades. According to recent data, home values across the United States have tripled since 1991, with a national average increase of 315.7%. This trend is a powerful testament to the wealth-building potential of owning a home. In Oklahoma, we've seen remarkable growth as well. For those seeking Tulsa home loans or Oklahoma home loans, this trend highlights the strong investment potential within our state. As home values continue to rise, so does the equity and net worth of homeowners. Th