Mortgage rates in Oklahoma
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Oklahoma remains one of the most affordable states for buyers. Below is what buying at Oklahoma's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Oklahoma
The interest rate on a Oklahoma mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Oklahoma's median $299,900 home with 20% down, the loan works out to $239,920, or about $1,515 a month in principal and interest.
What makes Oklahoma different is the cost around the loan. Its 0.89% effective property-tax rate adds roughly $222 a month, and homeowners insurance about $112 more — bringing the all-in estimate to $1,850. Those local costs, not the interest rate, are what set Oklahoma apart. Your own price and down payment will move the number — work backward from your income with the price-you-can-afford calculator.
Getting approved in Oklahoma
Federal HMDA lending records show Oklahoma lenders originated 79,051 home loans in 2025 and denied 25,245 applications — an approval rate near 75.8% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our state-by-state approval data, and how Oklahoma ranks for lender complaint report (2,766 on record).
Shopping for a loan? See the most active mortgage lenders in Oklahoma, ranked by federal HMDA volume.
Down-payment help in Oklahoma
You rarely need 20% down. OHFA — Oklahoma's housing finance agency — runs the state's main assistance program: OHFA Homebuyer Down Payment Assistance grants up to 3.5%. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at OHFA, see how a smaller down payment changes your number with the down-payment size calculator, or compare nationwide assistance programs.
Oklahoma mortgage FAQ
What is the current mortgage rate in Oklahoma?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Oklahoma loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Oklahoma's ~0.89% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Oklahoma home?
On Oklahoma's median home price of about $299,900 with 20% down at today's 6.49% average 30-year rate, expect roughly $1,850/month — that's $1,515 principal and interest plus about $222 property tax and $112 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Oklahoma?
In 2025, Oklahoma lenders originated 79,051 home loans and denied 25,245 applications — an approval rate of about 75.8% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.