This week home buyers have finally got small break.   Interest rates are not back to couple years ago rates but the end of this week has rates enough lower than the past few weeks rates that will save you a significant amount on your monthly mortgage payment and amount to thousands of dollars in savings over a 30 year loan.

Current rates per our favorite mortgage lender are–

30 year Conventional – 7.375%
7 year ARM – 6.875%
30 year FHA – 7.00%

Expect some volatility next week with some bad news so if you have anyone wanting to take advantage

We have a 60 day lock and shop program where a client can lock their rate for 60 days, shop for a home and close within that timeframe.

Above information we got this afternoon from Gretchen Casto, Mortgage Lender with Bank of Oklahoma Finance.

Gretchen is a seasoned lender that can find the extra you might need to qualify for one of the above lower rates, down from 8%.  Further news I heard on CNBC today was the the FED is still thinking they may have to raise rates more to tame inflation.  So now you could have the 60 day window lock Gretchen mentions to find your dream home before possible rate increases again.

Gretchen Casto can be reached by her cell phone at 918 760-6086 or work number 918 488-7368 or email

To find your dream home contact Amy Wright at 918 791-1594 or We are affliated with Keller Williams Realty Grand Lake as the Grand Lake Team at KW which is also our email.

Don’t tarry, you could miss out!Home above is available as MLS # 23-1908 and located just south of Grove, OK  3 bed/2 bath with app. 1950 sq ft. Priced at $239,900 and comes with 1.43 acres m/l  built in 2015 all per courthouse records. This could be your home and works better in anyone’s budget with the new lower home loan interest rates.