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Medford

Current Mortgage Rates in Medford, Oregon

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

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

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Mortgage Rates in Medford, OR as of December 9, 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 Medford, OR Mortgage Rates Compare?

December 9, 2019

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

The median home value for Medford, OR (Jackson County) is $316,094

The median household income for Medford, OR (Jackson County) is $50,176

Based on current mortgage rates and a 10% down payment, you need to make $58,645 per year to buy the median priced home in Medford

The home price you can afford to buy based on household income in Medford is 86% of the median home value which means housing prices are expensive

Medford (Jackson County) ranks 31 out of 36 counties in Oregon and 3,072 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Medford, Oregon

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

Conforming loan limits for Medford, OR

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

FHA loan limits for Medford, OR

1 unit: $320,850
2 units: $410,750
3 units: $496,500
4 units: $617,000

VA loan limits for Medford, OR

1 unit: $484,350

Additional Mortgage Resources for Medford, 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