Mortgage Rates in Broken Arrow, Oklahoma — March 2026
Updated March 2026 | Based on Broken Arrow market data and regional lending conditions
Broken Arrow is a growing city in Oklahoma with a population of 113,540. The current 30-year fixed mortgage rate in Broken Arrow is 6.76%, which is 0.11% above the national average. With a median home price of $235,000 and a 20% down payment of $47,000, homebuyers can expect a monthly principal and interest payment of approximately $1,221.
Current Mortgage Rates in Broken Arrow, OK
Below are the current average mortgage rates available in the Broken Arrow area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.36% | 6.25% | +0.11% |
| VA | 6.16% | 6.05% | +0.11% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Broken Arrow Housing Market Overview
The Broken Arrow housing market offers relatively affordable housing compared to many major cities. The median household income in Broken Arrow is $72,250, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, the median income in Broken Arrow is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Broken Arrow
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in Broken Arrow:
15-Year vs. 30-Year Mortgage in Broken Arrow
Choosing a 15-year mortgage in Broken Arrow at 6% instead of a 30-year at 6.76% would save you $154,080 in total interest over the life of the loan. However, your monthly payment would be $1,586 instead of $1,221 — an increase of $365 per month.
Calculate Your Broken Arrow Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Broken Arrow
What are the current mortgage rates in Broken Arrow, OK?
As of March 2026, the average 30-year fixed mortgage rate in Broken Arrow, Oklahoma is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.36% and VA loans 6.16%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Broken Arrow?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in Broken Arrow is $1,221 for principal and interest. Including property taxes of $170/month, the total monthly housing cost is approximately $1,391.
What income do I need to buy a home in Broken Arrow?
Using the 28% rule, you would need an annual income of approximately $59,614 to afford the median-priced home in Broken Arrow at $235,000. The median household income in Broken Arrow is $72,250. The median income is currently sufficient to meet this threshold.
Is Broken Arrow a good place to buy a home in 2026?
Broken Arrow offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Oklahoma is 0.87%, which is near the national average. Broken Arrow has a population of 113,540 and offers a very affordable lifestyle.
Mortgage Rates in Other Oklahoma Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Broken Arrow, Oklahoma area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.