Rates as of July 8, 2026
| Program | Mortgage Rate | APR* | Change |
|---|---|---|---|
| Conventional 30-year fixed | |||
| Conventional 30-year fixed | 6.625% | 6.752% | -0.12 |
| Conventional 15-year fixed | |||
| Conventional 15-year fixed | 5.931% | 6.171% | +0.24 |
| 30-year fixed FHA† | |||
| 30-year fixed FHA† | 6.606% | 6.67% | +0.33 |
| 30-year fixed VA† | |||
| 30-year fixed VA† | 6.65% | 6.706% | +0.34 |
| 5/1 ARM Conventional | |||
| 5/1 ARM Conventional | 6.625% | 5.469% | Unchanged |
| Conventional 20-year fixed | |||
| Conventional 20-year fixed | 6.563% | 6.726% | -0.23 |
| † National average shown — statewide Oklahoma data for this loan type isn't available yet. | |||
| Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here. | |||
Buying a Home in Oklahoma
As a prospective home buyer, you are more than likely preparing to make the biggest investment of your life. So you need to make sure the contract you sign represents the very best deal you can get.
On that note, there’s one particular document in Oklahoma that you won’t see everywhere else.
This document is called the CC&Rs (covenants, conditions, and restrictions). It sets out regulations governing the use and future development of each property in the state.
In 2018, the state legislature made an amendment to Oklahoma Statute Title 60, Section 857, making it mandatory for real estate closing companies to provide each buyer with a copy of this document. A fee of up to $25 may be charged.
The prospective homeowner should review this document — with their attorney, if they feel it’s necessary — to ensure that any restrictions will not affect their intended use of the home.
Since you will be bound by the contract after signing, it is imperative that you make sure you understand all the terms, covenants, restrictions, and conditions before you sign. If there is anything you don’t understand, you must get those terms explained to you.
After the contract signing, and upon closing, you’ll officially be the new owner of the property.
Refinancing in Oklahoma
A popular way to lower monthly payments, refinancing can also be used for a variety of other reasons.
Many homeowners may be eligible for one of several “streamline” programs that allow a refinance without even having to go through a credit check or home appraisal.
But, for cash-out refinances, things tend to be a little more complicated. So:
- Make sure you know the current value of your home
- Don’t open new credit accounts. These can make your credit score drop. And the lower your credit score, the higher your mortgage rate is likely to be
- Shop around for the lowest mortgage rate. Yes, it may be simple to just refinance with your current lender, but it may be costly in the long run
- Look at all the fees that will be incurred, and run the numbers. The desirability of refinancing pivots on simple math
Every major financial transaction requires in-depth preparation. And a refinancing can be as stressful as getting a whole new mortgage. That’s because in effect, you are getting a whole new mortgage.
You can minimize your refinancing headaches by knowing what to expect and staying on top of the process every step of the way.