Current Oregon Mortgage Rates

Compare Oregon mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Oregon.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Oregon. Plus, shopping lenders is free and there is no obligation.

Oregon Mortgage Rates as of February 20, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Oregon Mortgage Rates

February 20, 2024

Current mortgage rates in Oregon are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Oregon Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Oregon?

Below we offer valuable insights on the housing market and real estate prices in Oregon. Understand how much you need to make to buy a house in Oregon, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Oregon is affordable for you. We provide this helpful information to help you decide if living in Oregon is right for you.

The median home value for Oregon is $451,833

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Oregon is $94,260

With this income, you could qualify for a $406,650 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Oregon is $2,183

The median household income for Oregon is $73,951

Based on this income, you can afford a home valued at approximately $354,486

The home price you can afford to buy based on household income in Oregon is 78% of the median home value which means housing prices are very expensive. Oregon ranks 44 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Oregon is very expensive


Additional Mortgage Resources for Oregon Residents

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