For the past several years, many families and first-time buyers in the Oklahoma City area have put their dreams of homeownership on hold. Rising interest rates and soaring home prices made it difficult to move forward with building or buying a home. But the market is shifting—and if you’ve been waiting for the right time, now might be your moment.
At Tatum Homes, we build beautiful, high-quality custom homes throughout the OKC metro, and we’re excited to share the good news that’s making homeownership more attainable again.
Mortgage Rates Are Trending Down
One of the biggest challenges for buyers has been higher mortgage rates. But recently, rates have begun to ease. For example, the average 30-year fixed-rate mortgage has dropped to around 6.26%, compared to highs of 7.4% earlier in 2025.
That one percent difference can make a major impact:
- On a $300,000 mortgage, buyers could save about $2,400 a year in interest.
- Lower rates mean more buying power and the ability to qualify for a higher-priced home—or enjoy smaller monthly payments.
For families dreaming of a custom-built home in the Oklahoma City area, this shift makes starting the process much more realistic.
Home Prices Are Stabilizing
After years of rapid appreciation, home prices are cooling down across much of the country. Instead of double-digit jumps, national price growth has slowed to the low single digits, and in some regions, prices are even dipping slightly.
While Oklahoma City remains a strong and growing market, this broader trend means less pressure on buyers and more opportunities to plan a custom home with confidence.
Rising Wages Improve Affordability
According to the Bureau of Labor Statistics, wages are up nearly 4% year-over-year. That means paychecks are rising faster than home prices right now—another sign that the housing market is becoming more favorable for buyers.
Combined with lower mortgage rates, stronger wages give Oklahoma families more financial flexibility to invest in a home that fits their lifestyle and future.