Oklahoma Mortgage Rates Today — Compare OK Lenders
The average 30-year fixed mortgage rate in Oklahoma is currently 6.47% APR. Oklahoma City and Tulsa consistently rank among the most affordable major cities in the US. No real estate transfer tax reduces closing costs. Compare today’s rates from top Oklahoma lenders across all major loan types below.
Oklahoma Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $240,000 loan on a single-family primary residence in Oklahoma.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.47% | 6.47% | Most Popular |
| 15-Year Fixed | 5.82% | 5.82% | Pay off faster, save interest |
| 5/1 ARM | 6.59% | 6.59% | Short-term owners |
| FHA 30-Year | 6.15% | 6.15% | Low down payment |
| VA 30-Year | 5.99% | 5.99% | Veterans & military |
| 30-Year Refinance | 6.59% | 6.59% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Oklahoma
Oklahoma City consistently ranks as one of the most affordable major cities in the US for homeownership. Large homes at very low price points make Oklahoma attractive for first-time buyers and families looking to maximize their space for their budget.
Oklahoma’s economy has diversified from oil and gas into aerospace, healthcare, and technology. Tulsa has emerged as a remote worker destination. The state has no real estate transfer tax.
What Affects Your Oklahoma Mortgage Rate?
Several key factors influence the rate a Oklahoma lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.