See the latest Oregon mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Oregon could be easier with today’s mortgage rates.
Oregon Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Oregon, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| Oregon | 6.34% | 6.39% | 6.44% | |
| Credit Unions | 5.94% | 5.99% | 6.14% | 8.8/10 |
| Online lenders | 6.04% | 6.09% | 6.24% | 8.1/10 |
| Banks | 6.34% | 6.39% | 6.44% | 8.5/10 |
| 30 year fixed | 6.34% | 6.39% | 6.44% | |
| 30 year fixed FHA | 6.45% | 6.50% | 6.55% | |
| 30 year fixed VA | 6.03% | 6.08% | 6.13% | |
| 30 year fixed Jumbo | 6.57% | 6.95% | 7.14% | |
| 20 year fixed | 6.17% | 6.22% | 6.27% | |
| 15 year fixed | 5.73% | 5.78% | 5.83% | |
| 10 year fixed | 5.80% | 5.85% | 5.90% | |
| 3 year ARM | 3.41% | 3.46% | 3.51% | |
| 5 year ARM | 6.50% | 6.55% | 6.60% | |
| 7 year ARM | 6.63% | 6.68% | 6.73% | |
| 10 year ARM | 6.34% | 6.39% | 6.44% | |
| Satisfaction | 8.7/10 | 8.4/10 | 8.2/10 |
Source: MFP’s Community Home Purchase Rates Survey from Oklahoma members in the last 30 days.
How Oregon Compares to National Averages
- Oregon mortgage rates (6.34% for best credit scores) are in line with national averages (national average: 6.31%).
- Credit unions are more competitive: In Oregon, credit unions offer 5.94%, banks 6.34%, online lenders 6.04%.
Mortgage Options in Oregon
- 30 year fixed: 6.34% - most popular long-term option for predictable payments
- 20 year fixed: 6.17% - balance between payment size and interest savings
- 15 year fixed: 5.73% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.80% - shortest fixed-term option with competitive rates
- 10 year variable: 3.41% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.50% - A mid-term variable option...
- 5 year variable: 6.63% - Shorter-term variable mortgage...
- 3 year variable: 6.34% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Oregon Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Portland | 6.25% | 5.76% |
| Salem | 6.21% | 5.72% |
| Eugene | 6.22% | 5.73% |
| Bend | 6.24% | 5.75% |
| Medford | 6.23% | 5.74% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Oregon Homeowners
Oregon homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Oregon
FAQs – Oregon Mortgage Rates
Are home purchase rates higher in Oregon than the U.S. average?
No, Oregon mortgage rates typically run below the national average, providing cost advantages for homebuyers in the state.
What credit score is best for buying a home in Oregon?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Oregon.
Is it better to choose a fixed-rate or ARM in Oregon?
Fixed-rate mortgages provide payment stability for long-term residents, while ARMs may suit those with shorter-term homeownership plans.
More Oregon Home Information:
Oregon Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Oregon Homeowners.