Oklahoma Mortgage Rates
Oklahoma Mortgage Rates: Oklahoma Mortgage Interest Rates Unstable
February 4, 2011 (FreeRateUpdate.com) – Oklahoma mortgage interest rates are unstable and at risk of increasing as positive employment news has investors concerning about increasing inflation. Current Oklahoma 30 year fixed rate mortgages are at 4.750%, Oklahoma 15 year fixed rate mortgages are at 4.000% and Oklahoma 5/1 adjustable rate mortgages are at 3.000%. Available with 0.7 to 1% origination fee, these are the best conforming mortgage rates available to well qualified Oklahoma borrowers who want the security of set monthly mortgage payments for the entire life of the mortgage loan. Today's Oklahoma FHA 30 year fixed rate mortgages are at 4.500%, Oklahoma FHA 15 year fixed rate mortgages are at 4.000% and Oklahoma 5/1 adjustable rate mortgages are at 3.000%. Still popular with Oklahoma borrowers, Oklahoma FHA mortgage loans have higher closing costs (APR) due to the upfront mortgage insurance premium and other applicable FHA fees due at closing.
Current Oklahoma 30 year fixed rate jumbo mortgage loans are at 5.250%, Oklahoma 15 year fixed rate jumbo mortgage loans are at 4.625% and Oklahoma 5/1 adjustable rate mortgages are at 3.750%. Jumbo mortgage loans, available with 0.7 to 1% origination fees, are those in excess of the conforming loan limit which is $417,000 to $729,250, depending on the location.
Oklahoma's housing market escaped the real estate bust and is predicted to be one of the first states to rebound with the real estate market recovery. Oklahoma unemployment continues to remain low which is good news for Oklahoma borrowers who are purchasing homes or refinancing existing Oklahoma mortgage loans.
Mortgage interest rates move in the opposite direction of MBS prices (mortgage backed securities). Today's MBS prices are down -13/32. Fears of inflation as the economic recovery is progressing is driving investors decisions even though promising employment news was released today.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
Oklahoma Mortgage Rates
Mortgage Rates Widget
mortgage rates
Mortgage Rates Chart
mortgage rates
FHA Mortgage 101
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference