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Clackamas

Current Mortgage Rates in Clackamas, Oregon

Compare mortgage rates and fees for leading lenders in Clackamas, OR. 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 lender offering the best mortgage rates in Clackamas.

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

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Mortgage Rates in Clackamas, OR as of October 23, 2019
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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 Clackamas, OR Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Clackamas 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
Today's
Clackamas, OR Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Clackamas, Oregon?

The median home value for Clackamas, OR is $450,683

The median household income for Clackamas, OR is $74,622

Based on current mortgage rates and a 10% down payment, you need to make $83,616 per year to buy the median priced home in Clackamas

The home price you can afford to buy based on household income in Clackamas is 89% of the median home value which means housing prices are expensive

Clackamas ranks 30 out of 36 counties in Oregon and 3,053 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Clackamas, OR is expensive

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Loan Limits for Clackamas, Oregon

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clackamas below.

Conforming loan limits for Clackamas, OR

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Clackamas, OR

1 unit: $474,950
2 units: $608,000
3 units: $734,950
4 units: $913,350

VA loan limits for Clackamas, OR

1 unit: $484,350

Additional Mortgage Resources for Clackamas, OR Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index