Mortgage Rates in Oklahoma City, Oklahoma — March 2026
Updated March 2026 | Based on Oklahoma City market data and regional lending conditions
Oklahoma City is a major metropolitan area in Oklahoma with a population of 681,054. The current 30-year fixed mortgage rate in Oklahoma City is 6.76%, which is 0.11% above the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $1,013.
Current Mortgage Rates in Oklahoma City, OK
Below are the current average mortgage rates available in the Oklahoma City 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% |
Oklahoma City Housing Market Overview
The Oklahoma City housing market offers relatively affordable housing compared to many major cities. The median household income in Oklahoma City is $54,017, and the cost of living index is 87.5 (national average = 100). Based on the 28% affordability rule, the median income in Oklahoma City is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Oklahoma City
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Oklahoma City:
15-Year vs. 30-Year Mortgage in Oklahoma City
Choosing a 15-year mortgage in Oklahoma City at 6% instead of a 30-year at 6.76% would save you $127,800 in total interest over the life of the loan. However, your monthly payment would be $1,316 instead of $1,013 — an increase of $303 per month.
Calculate Your Oklahoma City 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 Oklahoma City
What are the current mortgage rates in Oklahoma City, OK?
As of March 2026, the average 30-year fixed mortgage rate in Oklahoma City, 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 Oklahoma City?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Oklahoma City is $1,013 for principal and interest. Including property taxes of $141/month, the total monthly housing cost is approximately $1,154.
What income do I need to buy a home in Oklahoma City?
Using the 28% rule, you would need an annual income of approximately $49,457 to afford the median-priced home in Oklahoma City at $195,000. The median household income in Oklahoma City is $54,017. The median income is currently sufficient to meet this threshold.
Is Oklahoma City a good place to buy a home in 2026?
Oklahoma City offers a below-average cost of living with a cost of living index of 87.5 (national average = 100). The property tax rate in Oklahoma is 0.87%, which is near the national average. As a major city with 681,054 residents, Oklahoma City offers diverse employment opportunities and amenities.
Mortgage Rates in Other Oklahoma Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Oklahoma City, Oklahoma area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.