Oklahoma Mortgage Group - Mike David

  There’s exciting news for both realtors and homebuyers in the Tulsa area: the conventional loan limit has just increased to $819,000 (up from $806,500). This change applies to new locks with funding dates on or after September 24, 2025 . What This Means for Buyers If you’re shopping for a home in Tulsa, Bixby, Jenks, or Broken Arrow, this increase gives you more buying power . You can now consider homes in a higher price range while still staying within conventional financing guidelines. That means you’ll avoid the stricter requirements of jumbo loans and keep the benefits of conventional financing, such as competitive interest rates, easier qualification, and more flexibility. What This Means for Realtors For realtors, this loan limit increase is a valuable tool in guiding clients. Buyers who may have been capped by the old $806,500 limit can now explore more homes that fit their needs. This is especially important in today’s market, where prices can easily cross that threshold...

According to the Federal Reserve Survey of Consumer Finances, the typical U.S. homeowner has a net worth of $430,000 , while the average renter has just $10,000 . That means homeowners are, on average, 43 times wealthier than renters . Why the gap? ✅ Home price appreciation has boosted homeowner wealth over the last 5 years. ✅ Equity growth gives families the ability to move up to larger or more desirable homes. ✅ Renters simply don’t benefit from these wealth-building opportunities. At Oklahoma Mortgage Group in Tulsa , we see this every day. Homeownership doesn’t just provide a roof over your head—it’s one of the most reliable paths to financial security. Whether you’re a first-time homebuyer or ready to upgrade, our team can guide you through the mortgage process to help you build long-term wealth. If you’ve been thinking about buying in Tulsa, Jenks, Bixby, or Broken Arrow, now’s the time to explore your options. Contact Oklahoma Mortgage Group, your trusted Tulsa mortgage l...

  Big news for Oklahoma: Google is investing $9 billion over the next two years to expand its AI and cloud infrastructure. That includes a brand-new data center in Stillwater and major growth at the existing facility in Pryor. Here’s why it matters: Jobs & economic growth — Hundreds of new construction and permanent roles are expected, boosting local economies. Education & innovation — Google is partnering with OU and OSU to provide students with access to AI tools, training, and certifications, preparing the next generation of tech talent. Community impact — Local leaders are calling this one of the most transformative projects for Oklahoma, with long-term benefits for business, infrastructure, and quality of life. Oklahoma continues to attract national attention for its role in technology and innovation. With this kind of investment, the future of Stillwater, Pryor, and surrounding communities looks brighter than ever. Interested in relocating to Oklahoma...

  Did you know you can buy a manufactured home with no money down using the USDA loan program ? USDA loans aren’t just for farmhouses. Many buyers in eligible rural and suburban areas can qualify for this no-down-payment mortgage option. That means affordable homeownership could be closer than you think. At Oklahoma Mortgage Group, we’ll walk you through eligibility, help you understand the guidelines, and see if this program is the right fit for you. Homeownership is within reach — and you may not need a down payment to get there. Want to explore your options? Call or text us today at 918-361-1550, or set up a quick phone chat with our team to talk about USDA loans and manufactured home financing.

Everyone’s waiting for mortgage rates to fall, and according to NAR, the “magic number” many buyers are hoping for is 6%. But will we see that anytime soon? Most forecasts show rates staying in the mid-to-low sixes through the end of next year. Still, right after the latest weaker-than-expected jobs report, rates dipped to 6.55% — the lowest point this year. That gave buyers and realtors hope that small changes may be on the way, but experts don’t expect a major drop in the near term. Here’s what matters: when rates eventually hit 6%, it could unlock 5.5 million more buyers. That means waiting could also mean facing far more competition and less negotiating power. If buying now works for your budget, moving sooner rather than later could give you an advantage before the market heats up again. Want to talk about your options and run the numbers together? Schedule a quick phone chat with us , or call/text Oklahoma Mortgage Group at 918-361-1550 today to discuss your next best steps.

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...

This week is one of the most important of the year for mortgage rates —and it could impact your buying power. A series of major economic events are in motion, including the Federal Reserve meeting, Q2 GDP, jobs data, consumer sentiment reports, and updates on trade policy. Even though stocks are hitting record highs, bond yields (which influence mortgage rates) have been stuck in a tight range. That may change quickly depending on how this week's data comes in. If consumer spending remains strong, the Fed may delay any rate cuts. But signs of slowing could tip the scales toward easing policy in the months ahead. We’re also watching the Treasury Department’s bond buyback plans and the July Jobs Report. Any surprises in those numbers could cause mortgage rates to move—sometimes sharply. If you’re thinking about buying, refinancing, or locking in a rate, now is a great time to talk strategy. Even small shifts in rates can affect your monthly payment and long-term costs. The team a...