Which Way Are Mortgage Rates Headed? - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Which Way Are Mortgage Rates Headed?

Posted: Updated:

Home mortgage rates are at record lows, and still falling.  A local loan officer says a 30 year fixed rate in Tulsa is now in the low, low 4 percent range.  How low can they go, and at what point should you lock in your rate?

Whether you're buying new or refinancing, you may be wondering where the bottom is.  A recent survey by the Mortgage Bankers Association found that there's mixed opinion of where rates are headed from here within the next 60 days.

  • 39% say they'll go up.
  • 27% believe they'll go lower.
  • 34% say rates will stay about the same.

So, lock in the rate now, or wait?  A Tulsa mortgage broker says the timing depends completely on the borrower and their individual circumstances, but if you're comfortable with the current rates, lock in now.

While mortgage  rates are at historic lows, you won't automatically get that fantastic rate. The rate you pay depends on a number of factors, including your credit score and the size, type and length of the loan.
 
Before refinancing, Bankrate.com says homeowners should ask themselves these 6 questions.   

     

  • NewsMore>>

  • Broken Arrow Named #1 in Rates for First-Time Home Buyers

    Broken Arrow Named #1 in Rates for First-Time Home Buyers

    "With August being one of the top months for home sales, WalletHub compared the 300 largest U.S. cities to determine the ones that are most and least attractive to first-time home buyers."More >>
    "With August being one of the top months for home sales, WalletHub compared the 300 largest U.S. cities to determine the ones that are most and least attractive to first-time home buyers."More >>
  • GRDA Board takes Steps for Upcoming Bond Issue

    GRDA Board takes Steps for Upcoming Bond Issue

    The Grand River Dam Authority took another major step towards the realization of its long-term generation plan last week when its board of directors approved much of the preliminary steps needed for a $450 million bond issue, which will likely take place later this fall.GRDA will use the majority of the proceeds from this bond issue to construct a new, combined-cycle gas fired generation plant at the Grand River Energy Center (formerly Coal Fired Complex).More >>
    The Grand River Dam Authority took another major step towards the realization of its long-term generation plan last week when its board of directors approved much of the preliminary steps needed for a $450 million bond issue, which will likely take place later this fall.GRDA will use the majority of the proceeds from this bond issue to construct a new, combined-cycle gas fired generation plant at the Grand River Energy Center (formerly Coal Fired Complex).More >>
  • Gang Members Indicted for Criminal Offenses

    Gang Members Indicted for Criminal Offenses

    A huge victory in the war on drugs in Tulsa. Authorities believe they've identified the people who supply 90-percent of the cocaine to our streets.More >>
    A huge victory in the war on drugs in Tulsa. Authorities believe they've identified the people who supply 90-percent of the cocaine to our streets.More >>
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.