Mortgage rates in Oregon
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Portland anchors a supply-constrained, higher-priced Pacific Northwest market. Below is what buying at Oregon's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Oregon
The interest rate on a Oregon mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Oregon's median $565,000 home with 20% down, the balance comes to $452,000, or about $2,854 a month in principal and interest.
What makes Oregon different is the cost around the loan. Its 0.93% effective property-tax rate adds roughly $438 a month, and homeowners insurance about $212 more — bringing the all-in estimate to $3,504. Those local costs, not the interest rate, are what set Oregon apart. Your own price and down payment will move the number — work backward from your income with the home affordability tool.
Getting approved in Oregon
Federal HMDA lending records show Oregon lenders originated 89,385 home loans in 2025 and denied 22,568 applications — an approval rate near 79.8% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our approval-rate research, and how Oregon ranks for servicer complaint data (5,127 on record).
Shopping for a loan? See the most active mortgage lenders in Oregon, ranked by federal HMDA volume.
Down-payment help in Oregon
You rarely need 20% down. Oregon Housing (OHCS) — Oregon's housing finance agency — runs the state's main assistance program: Oregon’s down-payment assistance grants are offered through partner organizations. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at Oregon Housing (OHCS), see how a smaller down payment changes your number with the down-payment amount calculator, or compare down-payment help across the country.
Oregon mortgage FAQ
What is the current mortgage rate in Oregon?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Oregon loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Oregon's ~0.93% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Oregon home?
On Oregon's median home price of about $565,000 with 20% down at today's 6.49% average 30-year rate, expect roughly $3,504/month — that's $2,854 principal and interest plus about $438 property tax and $212 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Oregon?
In 2025, Oregon lenders originated 89,385 home loans and denied 22,568 applications — an approval rate of about 79.8% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.