John Litke's Real Estate Page

06/05/2026

Average mortgage rates as of June 5th, 2026:

📉30 yr. Fixed - 6.58%

📉15 Yr. Fixed - 6.11%

📉30 Yr. FHA - 6.11%

📉30 Yr. Jumbo - 6.68%

Disclaimer: Average mortgage rates as of June 5th, 2026. © MND’s Daily Rate Index

05/09/2026

As of May 2026, the Oklahoma housing market is experiencing a shift toward a more balanced, buyer-friendly environment due to rising inventory and increased time on the market. Statewide median home prices are roughly $257,000 to $285,000, while Oklahoma City listings have increased 11.7%, with 20% of sellers cutting prices.
Housing Market Trends (Spring 2026)
Inventory Boost: Oklahoma home listings have risen 8.7% year-over-year. In OKC, active listings grew 11.7% to 7,371.
Rising Prices: Despite more inventory, statewide median home prices rose 3.6% year-over-year to around $256,700 in March.
Slowed Sales: Homes are taking longer to sell, with the median days on market rising to 62 days statewide, up 7 days year-over-year.
Negotiation Room: In OKC, nearly 1 in 5 sellers dropped their prices in April. Sellers are offering increased concessions, averaging roughly $7,000.

04/15/2026

Average mortgage rates as of April 10th, 2026
📉30 yr. Fixed - 6.38%
📉15 Yr. Fixed - 5.98%
📉30 Yr. FHA - 5.90%
📉30 Yr. Jumbo - 6.55%
Disclaimer: Average mortgage rates as of April 10th, 2026. © MND’s Daily Rate Index

03/27/2026

US Housing: Record 630K Seller Surplus Creates Buyer’s Market

The U.S. housing market recorded 46.3% more sellers than buyers in February 2026, totaling 629,808, marking the largest imbalance since 2013 and a rise from 29.8% a year prior. This significant seller surplus has sustained a buyer's market since May 2024, indicating increased buyer negotiation leverage.

Average mortgage rates as of March 27th, 2026

📈30 yr. Fixed - 6.62%

📈15 Yr. Fixed - 6.14%

📈30 Yr. FHA - 6.05%

📈30 Yr. Jumbo - 6.65%

Disclaimer: Average mortgage rates as of March 27th, 2026. © MND’s Daily Rate Index

03/14/2026

Homes sales are up!

Existing-home sales rose slightly last month, as lower mortgage rates and slower price increases help better position buyers this spring.

03/13/2026

Average mortgage rates as of March 13th, 2026
📈30 yr. Fixed - 6.35%
📈15 Yr. Fixed - 5.95%
📈30 Yr. FHA - 5.96%
📈30 Yr. Jumbo - 6.55%
Disclaimer: Average mortgage rates as of March 13th, 2026. © MND’s Daily Rate Index

02/11/2026

https://www.facebook.com/share/p/1E2s1svnuW/

In December, existing-home sales hit a three-year high with gains across all regions. Low inventory and fewer new listings limited market options, causing a decline in contract-signing activity.
Catch up on the latest: https://www.nar.realtor/research-and-statistics/research-reports/residential-real-estate-market-snapshot

01/20/2026

Commercial Building for Sale or Lease - 14,210 Square Feet

Industrial property for sale at 3730 N MacArthur Blvd, Warr Acres, OK 73122. Visit Crexi.com to read property details & contact the listing broker.

01/16/2026

Average mortgage rates as of January 16th, 2025
📉30 yr. Fixed - 6.07%
📉15 Yr. Fixed - 5.60%
📉30 Yr. FHA - 5.75%
📉30 Yr. Jumbo - 6.35%
Disclaimer: Average mortgage rates as of January 16th, 2025.
© MND’s Daily Rate Index

01/16/2026

The Momentum the Market Has Been Waiting For?
Existing-home sales jumped 5.1% in December, the strongest reading in nearly three years, even after adjusting for seasonal factors. Sales are up 1.4% from a year ago. The gain followed a smaller increase in November, also tied to the drop in mortgage rates that was set in motion this past fall.
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