Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 6.490% | 6.691% |
| Purchase | Fixed mortgage | 15 years | 5.750% | 6.060% |
| Refinance | Fixed mortgage | 30 years | 6.625% | 6.805% |
| Refinance | Fixed mortgage | 15 years | 5.750% | 6.075% |
| Refinance | Fixed mortgage | 10 years | 5.750% | 6.187% |
| Cash-out refinance | Fixed mortgage | 30 years | 6.625% | 6.786% |
| Home equity | HELOC | Revolving | 7.050% | 7.050% |
| Home equity | Home equity loan | Fixed term | 8.125% | 8.574% |
Ask Hope Anything About Mortgage & Home Equity!
Hope could not take that just now. Your question is still in the box.
Hope is AI and can make mistakes. Please double-check responses. * Advertising Disclosure
PARTICIPATING LENDERS
Compare OK Mortgage Refinance Offers
Lower Your Interest Rate in Oklahoma
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in Oklahoma
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in Oklahoma
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
Oklahoma Mortgage Rates
With a wide range of nature and history to explore across the state, it isn’t hard to see why Oklahoma is a popular relocation destination for people from all over the country. When you add in the fact that the overall cost of living here typically falls about 16% below the national average, it’s hard to imagine why just about everyone isn’t packing up and moving to the Sooner State.
Common Oklahoma Loan Types:
- Oklahoma conventional mortgages: Conventional mortgages are made by private lenders without FHA insurance or a VA guaranty. Loan availability, qualifications, down payment, mortgage insurance, rates, and fees depend on the lender, borrower, property, and program.
- Oklahoma FHA loans: FHA-insured mortgages are made by FHA-approved lenders and are not limited to first-time buyers. Eligibility and down payment depend on the borrower and property; loan limits and mortgage insurance vary by location and loan details.
- Oklahoma VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare Oklahoma Mortgage Rates
Mortgage pricing available in Oklahoma varies by loan type, lender, borrower profile, property, points, and market timing. Use the same loan purpose, amount, term, occupancy, credit assumptions, and lock period when comparing Oklahoma rate and APR figures.