Jul. 15, 2025 – Rates Stand Still
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Mortgage rates tend to fluctuate day by day. So if you’re planning to buy a home, it’s a good idea to keep a close watch on interest rates and weigh various mortgage options. One common type of mortgage is a conventional loan with a 15-year fixed interest rate.
Mortgage interest rates are consistently declining again. Here are three things homebuyers should do in response.
News Oklahoma's Cathy Tatom looks into what is keeping mortgage interest rates in the 6% to 7% range instead of falling back to the 3% range of just a few years ago.
As of 2022, U.S. homeowners ages 65 and over had a median $250,000 in home equity, according to the Joint Center for Housing Studies of Harvard University. If you’re sitting on a $600,000 home and downsize into a $450,000 home, you may be able to pull out some of that equity along the way.
A growing number of homeowners say no rate would make them sell, making it even harder for buyers to find homes.
Whether you’re buying your first or fifth home, an FHA loan can make it easier to afford a mortgage. These loans typically have lower down payment and credit score requirements compared to conventional loans.