Current Oregon Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Oregon. Review free, personalized mortgage rates for Oregon based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

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.

Mortgage Rates for Oregon as of August 6, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.


How Do Today's Oregon Mortgage Rates Compare?

August 6, 2020

The current average rate for a 30 year fixed rate mortgage in Oregon is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

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 $369,513

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Oregon is $66,503

With this income, you could qualify for a $332,562 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 $1,540

The median household income for Oregon is $60,789

Based on this income, you can afford a home valued at approximately $337,764

The home price you can afford to buy based on household income in Oregon is 91% of the median home value which means housing prices are very expensive. Oregon ranks 46 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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