Compare Current Portland, Oregon Mortgage Rates

Compare Portland, OR 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 Portland.

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

Portland, OR Mortgage Rates as of July 15, 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, insurance premiums or private mortgage insurance if applicable. 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 Portland, OR Mortgage Rates

July 15, 2024

Current mortgage rates in Portland, OR 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
Portland, OR Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Portland, Oregon?

Below we provide helpful information on the real estate market, home prices and housing affordability in Portland. Understand how much you need to earn to afford a home in Portland, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Portland fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Portland is right for you.

The median home value for Portland, OR (Multnomah County) is $524,822

Based on current mortgage rates and a 10% down payment, you need to make $109,486 per year to buy the median priced home in Portland

With this income, you could qualify for a $472,340 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 Portland is $2,536

The median household income for Portland, OR (Multnomah County) is $79,462

Based on this income, you can afford a home valued at approximately $380,903

The home price you can afford to buy based on household income in Portland is 73% of the median home value which means housing prices are very expensive. Portland (Multnomah County) ranks 33 out of 36 counties in Oregon and 3,059 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Portland, Oregon

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

Conforming loan limits for Portland, OR

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Portland, OR

1 unit: $672,750
2 units: $861,250
3 units: $1,041,050
4 units: $1,293,750

VA loan limits for Portland, OR

1 unit: $726,200

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