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For those of you who are considering buying, refinancing or investing in real estate in Oklahoma, the joy of the holiday season exceeds our traditional celebrations. Here’s some good news –

* Mortgage rates are great

* Oklahoma home values are increasing

* There may be a way out for people stuck in adjustable rate mortgages

The key to those super mortgage rates is good credit. This means, aim high and shoot for the best scores possible. If you need help on how to get there, check out our web site or call us. We’d be happy to provide some pointers.

Oklahoma home purchase prices have increased by 2.39% over the last quarter, 5% over the last 12 months. The good news here is that the last quarter increase is the most significant and is one of the highest appreciation rates in the USA. Just because we hear of all the bad news from the coasts and the depressed areas of Michigan and parts of Ohio doesn’t mean it applies to Oklahoma. Our economy is strong!

Finally, we’ve all heard of the controversy and finger pointing regarding the mortgage mess. Adjustable rate mortgages have become a bad term. Foreclosures are a sad commentary on the state of family finances, also leading to the alarming number of mortgage companies out of business or in financial trouble. President Bush has suggested help for those who may see their mortgage payments increase in the coming year. That’s got to be good news for some who cannot refinance due to their credit or lack of home equity. For others, check out a refinance and get into a fixed rate. It’s still a great time to get that done.

Enjoy this time with your friends and family. We, at The Home Team Mortgage, wish you a Merry Christmas and every joy and blessing in the New Year.