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Eugene

Current Mortgage Rates in Eugene, Oregon

Compare mortgage rates and fees for leading lenders in Eugene, 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 Eugene.

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

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Mortgage Rates in Eugene, OR as of October 19, 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 Eugene, OR Mortgage Rates Compare?

October 19, 2019

The current average rate for a 30 year fixed rate mortgage in Eugene 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
Eugene, 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 Eugene, Oregon?

The median home value for Eugene, OR (Lane County) is $288,521

The median household income for Eugene, OR (Lane County) is $49,169

Based on current mortgage rates and a 10% down payment, you need to make $53,530 per year to buy the median priced home in Eugene

The home price you can afford to buy based on household income in Eugene is 92% of the median home value which means housing prices are expensive

Eugene (Lane County) ranks 29 out of 36 counties in Oregon and 3,040 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Eugene, Oregon

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Eugene (Lane County) below.

Conforming loan limits for Eugene, OR

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

FHA loan limits for Eugene, OR

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Eugene, OR

1 unit: $484,350

Additional Mortgage Resources for Eugene, OR Residents

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Yamhill Mortgage Rates

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