Mortgage Rates
Current Mortgage & Refinance Rates in Oklahoma: Fixed
Loan Type | Term | APR* |
---|---|---|
Fixed-Rate Home Loans |
10-Year Fixed | 6.306% |
15-Year Fixed | 6.649% | |
20-Year Fixed | 7.075% | |
30-Year Fixed | 7.379% | |
Welcome Home 15-Year Loan | 6.649% | |
Welcome Home 20-Year Loan | 7.075% | |
Welcome Home 30-Year Loan | 7.379% | |
Fresh Start 15-Year Loan | 9.179% | |
Fresh Start 20-Year Loan | 9.609% | |
Weokie HomePath 30-Year | 8.141% | |
Residential Lot Loan | 7.398% | |
Fixed-Rate HELOC | 7.000% | |
5-Year Home Equity Loan | 8.051% | |
7-Year Home Equity Loan | 8.787% | |
10-Year Home Equity Loan | 9.591% |
Current Mortgage & Refinance Rates in Oklahoma: Adjustable
Loan Type | Term | APR* |
---|---|---|
Adjustable-Rate Mortgage (ARM) Loans | 10-Year 5/5 ARM | 6.027% |
15-Year 5/5 ARM | 6.037% | |
20-Year 5/5 ARM | 6.059% | |
30-Year 5/5 ARM | 6.092% | |
20-Year 10/10 ARM | 6.330% | |
30 Year 15/15 ARM | 6.634% | |
Jumbo 30-Year 5/5 ARM | 6.809% | |
Jumbo 20-Year 10/10 ARM | 6.711% | |
Jumbo 30-Year 15/15 ARM | 7.307% | |
No MI 30-Year 5/5 ARM** | 6.190% | |
No MI 20-Year 10/10 ARM | 6.539% | |
No MI 30-Year 15/15 ARM | 6.855% |
*APR = Annual Percentage Rate. Information, rate, terms, and conditions are subject to change without notice and not guaranteed. Some restrictions may apply. Please contact a WEOKIE mortgage professional for more information. All loans are subject to underwriting. Rate and term based on credit score. Current WEOKIE loans are not eligible for refinancing. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. FEDERALLY INSURED BY NCUA. NMLS# 442689
**MI = Mortgage Insurance.a
WEOKIE: your one-stop-shop for Oklahoma Mortgages & Home Loans!
Mortgages, loans, and finding a home doesn’t have to be difficult. At WEOKIE, we’re here to help. From finding the home of your dreams, to financing it, to securing a loan and keeping it safe, WEOKIE Federal credit union can help make every step in your home-buying experience as easy and as affordable as possible. Let WEOKIE help you find your perfect Oklahoma home. Contact us today to learn more!
FAQs About Oklahoma Mortgage Rates
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How does WEOKIE determine what rate I get for my home loan?
Our lending team will take into account your overall financial situation and work with you to get the best mortgage rate possible.
In general, your annual percentage rate (APR) is based on your:
- Credit score – higher scores get lower rates
- Loan-to-value (LTV) ratio – lower LTV gets lower rates
- Your chosen loan term – shorter terms get lower rates than longer terms.
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How can I qualify for a better mortgage rate?
Before you apply for your mortgage, you can find out your credit score and take any possible steps to improve it. For example, you could:
- Consolidate high-interest debt with a personal loan or low-interest balance transfer card.
- Make sure you don't have any outstanding payments or liens.
- Work to lower your credit utilization rate, which is how much of your available credit you've used.
- Ideally, you want to use less than 30% of your credit across all of your accounts.
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Will I get the same interest rate for a fixed-rate and adjustable-rate mortgage (ARM)?
The rates on these mortgage types are different. Here's how they work:
- A fixed-rate mortgage comes with higher rates because you get the security of knowing you'll have the same rate and monthly payment through the life of your loan, so budgeting is easy.
- If you lock in a higher rate when you purchase your home, you can refinance later to see if you can get a lower rate for the remainder of your loan term.
- An ARM offers you a lower fixed rate than a fixed-rate mortgage, but only in the initial period of your loan.
- After your initial period is over, your rate adjusts with the market on a schedule. For example, it might adjust every 5 or 15 years.
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How can I choose between a fixed-rate and adjustable-rate mortgage?
If you're not sure which to choose, an ARM offers a lower rate right now and is a good option if you plan to move, sell, or refinance in the short term. You can take your chances that market rates will be lower when your rate starts adjusting.
A fixed-rate mortgage means you get the same rate for the life of your loan, which is great if you lock in a low rate when you purchase your home. But it does mean you're stuck with a higher rate if market rates drop in future—unless you refinance your mortgage.
At WEOKIE, we want everyone to be able to buy the home they need, and we work hard to help our members do just that. Talk to our home loan experts today so that we can help you make the right choice.
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Will I get the same mortgage rate for a home purchase that I would for a mortgage refinance?
Oklahoma refinance rates tend to be similar to purchase rates, but the exact rate you get may depend on your financial situation, including if you have a down payment for your refinance and your current loan-to-value (LTV).
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Why can WEOKIE offer lower mortgage rates in Oklahoma than some other lenders?
WEOKIE is a not-for-profit credit union, not a bank. While banks are focused on earning a profit for their stakeholders, we focus on returning our profits to our members by offering lower fees and lower interest rates.
Home Loan Resources
Pre-Qualified vs. Pre-Approved: What's the Difference?
Getting pre-approved for your home loan means you've supplied the necessary documents and know your likely loan amount and APR. Pre-qualification is an introductory step with estimated figures and verbal checks only.
How to Know If You're Ready to Apply for a Home Loan
Before you apply for your home loan, you should know how much of a down payment you’ll need, plus you should get your finances in order so you can understand your chances of being approved.
5 Things You Need to Know Before Applying for a Home Loan
Learn our top tips to prepare you for a home loan application, including information about your credit score, debt levels, paperwork, savings, and long-term property-owning goals.
Have Questions?
We're always here to help.

We Work to Help Our Members Save MILLIONS
Total Amount WEOKIE Members Have Saved Since January 1, 2021
Over $12 Million!
More than $7 Million in Member's Savings in the last 12 months.
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NSF & Courtesy Pay Savings1
$0
Loan Refinancing Savings2
$0
Loan Protection Savings3