Compare Today’s Mortgage Rates in Red Oak, Oklahoma 74563

Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Red Oak, Oklahoma 74563.

Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Red Oak, Oklahoma 74563. For a 30-year fixed loan, our calculations show that you can expect to save up to $2,628 over the lifetime of your mortgage, which translates to a monthly savings of $7 in Red Oak and other areas of Latimer county.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

34.942174 -95.090432 31924

Summary of Average Mortgages in Red Oak, Oklahoma 74563

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Red Oak, Oklahoma 74563

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Red Oak, OK 74563. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Red Oak, Oklahoma 74563

Red Oak is a town in Latimer County, Oklahoma, United States. The population was 549 at the 2010 census.

Eight miles northeast of the present town is the original site of Red Oak. There in 1850 Thomas Edwards established a trading post on the Fort Smith–Boggy Depot Road. Read more

Red Oak is a town in Latimer County, Oklahoma, United States. The population was 549 at the 2010 census.

Eight miles northeast of the present town is the original site of Red Oak. There in 1850 Thomas Edwards established a trading post on the Fort Smith–Boggy Depot Road. With the advent of the Butterfield Overland Mail and stage line in 1858, Edwards's already prosperous store became a stopping place for mail and passengers. In March 1868 the store became an official post office, with Edwards as postmaster. He named the post office Red Oak, probably because there were trees near the store. The official designation was Red Oak, Skullyville County, Choctaw Nation. Edwards's Store has been listed in the National Register of Historic Places.

The present location of "new" Red Oak, southwest of Edwards's, served as a stage stop between Fort Smith and Texas from the 1860s. For several years there was a sawmill, a lumberyard, and a mill where the business section was located at the turn of the twenty-first century. In 1888 the Choctaw Coal and Railway surveyed a route across present Latimer County, linking Wister to McAlester. With the advent of the railroad a town started to grow. Around 1890 Edwards's Store closed, and the "old" Red Oak post office officially moved to the new community. Read less

Historical Mortgage Rates in Red Oak, Oklahoma 74563 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Red Oak, Oklahoma and around Latimer county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 95.09% 93.11% 90.84% 89.70% 90.76% 86.44% 85.09% 87.00% 83.27%
avg mortgage rate 6.51% 4.63% 3.05% 3.36% 4.42% 4.69% 4.17% 3.89% 4.07%
% 15 year fixed mortgage 4.32% 5.17% 7.36% 8.33% 7.35% 10.68% 11.36% 10.43% 13.59%
avg mortgage rate 5.56% 3.86% 2.50% 2.89% 3.76% 4.08% 3.47% 3.09% 3.29%
Avg credit score 750.96 752.10 753.79 755.23 751.50 756.16 755.90 749.80 751.75
Avg LTV (loan to value) 80.61% 82.08% 83.80% 84.95% 84.75% 81.54% 82.68% 83.54% 82.58%
Avg DTI (debt to income) 36.54 35.08 33.52 33.47 34.00 33.15 33.10 31.88 30.88
% First time homebuyer 33.18% 31.56% 29.08% 33.12% 31.82% 21.44% 19.48% 18.62% 24.52%
Avg mortgage insurance % 12.79% 13.79% 14.51% 16.08% 15.29% 12.35% 12.84% 13.91% 13.44%

Source: Financial Report of the US Government

Best Mortgage Brokers around Red Oak, Oklahoma 74563

For those searching for a new home in Red Oak, we have compiled a list of the top mortgage brokers located in and around Red Oak, Oklahoma 74563 to assist you with your search.

Name
Address
Contact

First National Bank of Oklahoma

1324 E Grand Ave

Ponca City OK 74563

(580) 762-2265

Western Shamrock Corporation

424 W Grand Ave

Ponca City OK 74563

(580) 762-8833

http://www.westernshamrock.com

City Finance

200 S 4th St

Ponca City OK 74563

(580) 762-1882

http://cityfinancetexas.com

Federal Land Bank Association of Ponca City

1909 Lake Rd

Ponca City OK 74563

(580) 765-5690

Ponca Finance

202 E Central Ave

Ponca City OK 74563

(580) 762-1261

Address

1324 E Grand Ave

Ponca City OK

Contact

(580) 762-2265

Address

424 W Grand Ave

Ponca City OK

Contact

(580) 762-8833

http://www.westernshamrock.com

Address

200 S 4th St

Ponca City OK

Contact

(580) 762-1882

http://cityfinancetexas.com

News on Mortgages and Reverse Mortgages for Red Oak, Oklahoma 74563