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By the Wirly Editorial Team | AI-assisted, human-reviewed

Mortgage Refinancing in Oklahoma

Real refinance data for Oklahoma from federal sources, updated annually. See how your state compares to national averages.

Refinance Originations

7,896

2024 HMDA data

Avg Loan Amount

$264,558

National: $428,119

Denial Rate

20.99%

Below national avg

Median Home Value

$185,900

U.S. Census Bureau

Source: HMDA 2024 via CFPB, U.S. Census Bureau ACS

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Refinance Trends in Oklahoma

Originations by Year

Refinance originations in Oklahoma by year. Source: HMDA via CFPB.

Loan Type Breakdown

Conventional: 65%
FHA: 12%
VA: 23%

Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.

Home Price Trends in Oklahoma

+3.35% YoYas of 2025-Q4

Source: FHFA House Price Index

Top Lenders in Oklahoma

#LenderHMDA RecordsAvg Loan
1Rocket Mortgage LLC7,361-
2Arvest Bank7,152-
3First United Bank And Trust Company6,818-
4Arvest Bank5,766-
5Rocket Mortgage LLC5,703-
6First United Bank And Trust Company5,667-
7First United Bank And Trust Company5,479-
8Arvest Bank5,410-
9Bokf National Association5,403-
10Pennymac Loan Services LLC5,400-

Ranked by total HMDA filings in the state (2024). Source: HMDA via CFPB.

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How Oklahoma Compares

MetricOklahomaNational Avg
Refinance Originations7,896697,820
Avg Loan Amount$264,558$428,119
Denial Rate20.99%24.2%

Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2024, U.S. Census Bureau.

Current Mortgage Rates

30-Year Fixed

6.51%

6.36% prev

15-Year Fixed

5.85%

5.71% prev

5/1 ARM

6.06%

5.95% prev

National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.

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Frequently Asked Questions

How many people refinanced in Oklahoma in 2024?

In 2024, there were 7,896 refinance originations in Oklahoma, according to HMDA data reported to the CFPB.

What is the average refinance loan amount in Oklahoma?

The average refinance loan amount in Oklahoma was $264,558 in 2024. This reflects originated loans reported through HMDA.

What is the refinance denial rate in Oklahoma?

The refinance denial rate in Oklahoma was 20.99% in 2024. This is calculated from originated and denied applications reported to the CFPB.

What are the top refinance lenders in Oklahoma?

The most active lenders in Oklahoma by HMDA filing volume include Rocket Mortgage LLC, Arvest Bank, First United Bank And Trust Company. See the full list above for details.

Is it a good time to refinance in Oklahoma?

Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.

Want a deeper analysis?

Read our full editorial guide on refinancing in Oklahoma, including tips, regulations, and state programs.

Read the Oklahoma Refinance Guide

Data sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.