Freddie Mac Archives • Kay Pratt RE/MAX

Long-term interest rates fall to lowest level for 2017

Mortgage interest rates dropped to their lowest level in 2017 this week, signaling a great time for home buyers and sellers in Oklahoma.

Interest rates reached the lowest level for 2017 this week. Mortgage buyer Freddie Mac says the average 30-year fixed rate mortgage fell to 3.78 percent this week, the lowest level seen in 2017. That … Continue reading...

30-year mortgage rates in Oklahoma dip to 3.86 percent

According to the NewsOK, the benchmark 30-year mortgage rate is at a new low for the year, reaching its lowest level since November 2016. That is good news for home buyers in central Oklahoma! Our … Continue reading...

Freddie Mac no longer offering low down payment loans

According to a story on NewsOK, home loan investor Freddie Mac recently announced they are no purchasing mortgages that require extremely low down payments. In the past, lenders could offer loan with … Continue reading...

Six commonly asked questions about “comps”

Realtors often use the term “comps” in discussions. What are comps and how are they determined?

Downsides of carpet allowance in lieu of new carpet

Sellers often ask if they can just provide a carpet allowance on a listing in lieu of installing new carpet. In their mind, this is a benefit to the buyer since it allows the buyer to choose their own color and style of carpet. The benefit to the seller is they don’t have to deal […]

Hosting Bicycle Riders from South Korea

James and I hosted two young men – Min Ho Park Jaewon Heo – from South Korea who were riding bicycles this summer from Los Angeles to New York. They contacted us through Warmshowers.org, where we offer a room for bicycle riders to stay as they travel across America. They are following Route 66 from […]

Butterfield Overland Stage route on dirt bikes

Kay and I both love history, and we love riding motorcycles. We often combine our dual sport rides with a bit of historical sleuthing. This time we decided to follow in the footsteps of the Butterfield Overland Stage Route as it made it’s way through Oklahoma from St. Louis to the 1850’s gold fields of […]