See the latest Oklahoma mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Oklahoma could be easier with today’s mortgage rates.
Oklahoma Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Oklahoma, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.26% | 6.31% | 6.36% | |
| Oklahoma | 6.54% | 6.59% | 6.64% | |
| Credit Unions | 6.14% | 6.19% | 6.34% | 9.2/10 |
| Online lenders | 6.24% | 6.29% | 6.44% | 8.3/10 |
| Banks | 6.54% | 6.59% | 6.64% | 8.0/10 |
| 30 year fixed | 6.54% | 6.59% | 6.64% | |
| 30 year fixed FHA | 6.68% | 6.73% | 6.78% | |
| 30 year fixed VA | 6.17% | 6.22% | 6.27% | |
| 30 year fixed Jumbo | 6.77% | 7.15% | 7.34% | |
| 20 year fixed | 6.37% | 6.42% | 6.47% | |
| 15 year fixed | 6.02% | 6.07% | 6.12% | |
| 10 year fixed | 5.55% | 5.60% | 5.65% | |
| 3 year ARM | 4.23% | 4.28% | 4.33% | |
| 5 year ARM | 6.69% | 6.74% | 6.79% | |
| 7 year ARM | 6.67% | 6.72% | 6.77% | |
| 10 year ARM | 6.56% | 6.61% | 6.66% | |
| Satisfaction | 8.6/10 | 8.2/10 | 8.0/10 |
Source: MFP’s Community Home Purchase Rates Survey from Oklahoma menvers in the last 30 days.
How Oklahoma Compares to National Averages
- Oklahoma mortgage rates (6.54% for best credit scores) are slightly above national averages (national average: 6.26%).
- Credit unions are more competitive: In Oklahoma, credit unions offer 6.14%, banks 6.54%, online lenders 6.24%.
Mortgage Options in Oklahoma
- 30 year fixed: 6.54% - most popular long-term option for predictable payments
- 20 year fixed: 6.37% - balance between payment size and interest savings
- 15 year fixed: 6.02% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.55% - shortest fixed-term option with competitive rates
- 10 year variable: 4.23% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.69% - A mid-term variable option...
- 5 year variable: 6.67% - Shorter-term variable mortgage...
- 3 year variable: 6.56% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Oklahoma Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Oklahoma City | 6.06% | 5.74% |
| Tulsa | 6.07% | 5.75% |
| Norman | 6.09% | 5.77% |
| Lawton | 6.10% | 5.78% |
| Broken Arrow | 6.08% | 5.76% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Oklahoma Homeowners
Oklahoma homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Oklahoma
FAQs – Oklahoma Mortgage Rates
Are home purchase rates higher in Oklahoma than the U.S. average?
No, Oklahoma mortgage rates are typically well below the national average, offering significant savings for local homebuyers.
What credit score is best for buying a home in Oklahoma?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Oklahoma.
Is it better to choose a fixed-rate or ARM in Oklahoma?
Fixed-rate mortgages provide payment certainty for long-term homeowners, while ARMs may benefit those with shorter-term housing plans.
More Oklahoma Home Loan Information:
Oklahoma Best Mortgage Lenders
Oklahoma Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Oklahoma Homeowners.