Mortgage rates in Oregon
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Portland anchors a supply-constrained, higher-priced Pacific Northwest market.
Mortgage rates today by loan type
These are national averages. Lenders in Oregon price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your Oregon mortgage payment
The calculator starts from Oregon's median list price, 20% down, the state's 0.81% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the payment-by-payment schedule. To see how Oregon's property tax and insurance compare with every other state, try the tax and insurance calculator.
Oregon vs. the U.S.
Oregon's median list price is 33% above the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $731 a month more. Five-year price growth here was the 3rd-slowest of 51 jurisdictions.
| Measure | Oregon | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $549,900 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $2,980 | $2,249 |
| Average home-purchase loanHMDA 2025 | $475,918 | $404,828 |
| Average closing costsincl. transfer taxes | $3,207 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.54% | 6.50% |
| Mortgage approval rateHMDA 2025 | 79.8% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +1.7% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +23.8% | +41.3% |
What Oregon borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Oregon home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Oregon borrowers paid 0.03 percentage points above the market benchmark at lock, the 19th-highest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateOR · U.S. | Over benchmarkOR · U.S. | Closing costsOR · U.S. | Paid pointsshare of loans | Median downequity on refis · OR |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)11,749 loans | 6.54%6.50% | +0.03+0.02 | $6,062$5,476 | 68.0%53.2% | 25% |
| Jumbo 30-yr fixed (20%+ down)425 loans | 6.63%6.63% | +0.04+0.00 | $9,717$10,251 | 50.8%38.4% | 20% |
| FHA 30-yr fixed5,614 loans | 6.25%6.25% | +0.36+0.42 | $14,682$11,291 | 75.0%59.3% | 3.5% |
| VA 30-yr fixed2,805 loans | 6.13%6.13% | −0.38−0.36 | $7,497$6,554 | 70.8%59.3% | 0% |
| Conventional rate-and-term refinance2,325 loans | 6.25%6.38% | −0.07−0.06 | $5,021$4,390 | 55.9%45.4% | 31.2% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Oregon and what their borrowers paid.
Oregon's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Oregon by 2025 purchase loans, out of 499 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in OR | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| Guild Mortgage | 2,1366.8% | 6.63% | +0.14 | $4,238 | 75%$3,355 | 26.7% |
| United Wholesale Mortgage | 1,8776% | 6.62% | +0.02 | $3,685 | 60%$2,563 | 25% |
| Onpoint Community Credit Union | 1,7275.5% | 6.50% | −0.14 | $795 | 63%$1,800 | 25% |
| Rocket Mortgage | 1,0723.4% | 6.50% | −0.05 | $3,543 | 71%$3,249 | 28% |
| CMG Home Loans | 9102.9% | 6.63% | +0.06 | $3,084 | 74%$2,802 | 22.1% |
| Nations Direct Mortgage, LLC | 8302.6% | 6.62% | +0.02 | $2,818 | 66%$2,394 | 25.6% |
| CrossCountry Mortgage | 7922.5% | 6.75% | +0.33 | $5,115 | 85%$3,873 | 28.3% |
| Umpqua Bank | 6662.1% | 6.63% | +0.17 | $1,940 | 68%$2,500 | 25.3% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Oregon. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Oregon lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Oregon
On a home at Oregon's median list price of $549,900 with 20% down, the balance comes to $439,920, or about $2,980 a month in principal and interest at the 7.18% 30-year average.
What makes Oregon different is the cost around the loan. Its 0.81% effective property-tax rate adds roughly $371 a month, and homeowners insurance — at the state's median 0.22% of home value — about $100 more, bringing the all-in estimate to $3,451. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the home affordability tool.
Payment at the $549,900 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $3,451P&I $2,980 | — | $113,187 | $148,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $4,112P&I $3,353 | $289 | $58,197 | $176,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $4,315P&I $3,539 | $305 | $30,702 | $185,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $4,396P&I $3,613 | $311 | $19,704 | $188,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $4,267P&I $3,552 | $243 | $22,454 | $183,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $4,099P&I $3,628 | — | $3,207 | $176,000 |
Monthly = principal and interest + property tax (0.81% effective) + homeowners insurance (about $100/mo — Oregon's median premium, 0.22% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Oregon's average closing costs ($3,207). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Oregon's biggest counties
Home prices, and so the loan you need, vary more inside Oregon than rates do. The table covers the largest county markets. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Multnomah County2,738 homes for sale · Sep 2026 | $492,450-1.5% | $501,8597,790 loans | $832,750$1,040,937 | Conforming$393,960 loan | $3,091at 7.18% | |
| Deschutes County2,106 homes for sale · Sep 2026 | $739,450-4.2% | $541,3963,324 loans | $832,750$1,040,937 | Conforming$591,560 loan | $4,641at 7.18% | |
| Washington County1,830 homes for sale · Sep 2026 | $584,999-2.2% | $685,7676,249 loans | $832,750$1,040,937 | Conforming$467,999 loan | $3,672at 7.18% | |
| Clackamas County1,701 homes for sale · Sep 2026 | $699,900-4% | $562,9554,376 loans | $832,750$1,040,937 | Conforming$559,920 loan | $4,393at 7.18% | |
| Jackson County1,211 homes for sale · Sep 2026 | $531,750-3.1% | $371,6732,468 loans | $832,750$1,040,937 | Conforming$425,400 loan | $3,337at 7.18% | |
| Marion County1,117 homes for sale · Sep 2026 | $498,948-4.5% | $408,4873,212 loans | $832,750$1,040,937 | Conforming$399,158 loan | $3,131at 7.18% | |
| Lane County1,034 homes for sale · Sep 2026 | $525,000+1.6% | $388,7943,635 loans | $832,750$1,040,937 | Conforming$420,000 loan | $3,295at 7.18% | |
| Lincoln County684 homes for sale · Sep 2026 | $599,0000% | $380,063638 loans | $832,750$1,040,937 | Conforming$479,200 loan | $3,759at 7.18% | |
| Josephine County532 homes for sale · Sep 2026 | $533,200+6.7% | $343,889855 loans | $832,750$1,040,937 | Conforming$426,560 loan | $3,346at 7.18% | |
| Klamath County528 homes for sale · Sep 2026 | $391,500-0.7% | $279,041782 loans | $832,750$1,040,937 | Conforming$313,200 loan | $2,457at 7.18% | |
| Douglas County512 homes for sale · Sep 2026 | $475,000+5.6% | $303,9141,087 loans | $832,750$1,040,937 | Conforming$380,000 loan | $2,981at 7.18% | |
| Linn County437 homes for sale · Sep 2026 | $442,475-5.3% | $343,4581,407 loans | $832,750$1,040,937 | Conforming$353,980 loan | $2,777at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Oregon's 0.81% effective property tax and its median insurance premium (0.22% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Oregon
Rates are national, but the rules around the loan are not. These Oregon specifics can change your payment, your closing or your protections as a borrower.
Taxable value can grow only 3% a year
A home's maximum assessed value can't rise more than 3 percent a year unless the property changes, and tax is figured on the lesser of that or real market value. Because tax follows assessed value, which can sit well below market value, ask the county for the home's actual tax bill before budgeting.
Source: oregon.govOregon bars deficiency suits after home foreclosure
Oregon generally bars a lender from suing for a deficiency after a trustee's sale or judicial foreclosure of a residential trust deed. Residential means up to four units, one of them the borrower's principal residence, so owner-occupied purchases are generally covered and investor properties generally are not.
Source: oregonlegislature.govFive business days to revoke after seller disclosure
When a seller delivers Oregon's property disclosure statement, the buyer generally has five business days to revoke the offer in writing and get deposits back immediately. It covers most homes and condos of one to four units, but not first sales of never-occupied homes or sales by lenders after foreclosure.
Source: oregonlegislature.govStandard Oregon policies exclude earthquake damage
Most Oregon homeowner, condo and mobile home policies do not cover earthquake damage, so coverage is a separate purchase. The state says insurers typically sell it with 10 or 15 percent deductibles, based on the insured amount rather than the loss, so a $300,000 dwelling limit at 10 percent means a $30,000 deductible.
Source: dfr.oregon.govOregon FAIR Plan is a last-resort home insurer
Oregon's FAIR Plan is a last-resort home insurance option for owners who cannot find standard coverage, and applicants must first be declined by two standard insurers. The state notes premiums are often higher and coverage less comprehensive, so a home that standard insurers decline can mean a costlier, narrower policy.
Source: dfr.oregon.govChecked against official sources on October 19, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Oregon buyers finance their homes
Oregon's loan mix tracks the country's closely: 80.9% conventional, 11.6% FHA and 7.2% VA in 2025, against 78.0%, 13.2% and 8.2% nationally. Its FHA share ranks 23rd-lowest among the states.
| Loan type | Share in OR | U.S. share | Approval in OR | Avg loan in OR |
|---|---|---|---|---|
| Conventional | 80.9% | 78.0% | 79.4% | $357,660 |
| FHA | 11.6% | 13.2% | 81.5% | $390,382 |
| VA | 7.2% | 8.2% | 82.5% | $442,016 |
| USDA | 0.3% | 0.6% | 87.2% | $273,491 |
The average Oregon home loan in 2025 was $367,263 — 4% above the U.S. average of $352,861, the 15th-largest of 51 jurisdictions. Home purchases accounted for 63.9% of those loans (U.S. 64.2%); cash-out refinances for 17.4% (U.S. 17.1%).
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Oregon loan limits for 2026
All 36 of Oregon's counties use the 2026 baseline conforming limit of $832,750 for a one-unit home. Any loan above that is a jumbo loan here, which usually means a larger down payment and cash reserves. See the full national grid in our FHFA loan limit guide.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Oregon
Average closing costs in Oregon are about $3,207 including transfer taxes (No. 33 of 51, highest first). On a home at the median list price of $549,900:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $109,980 | $16,497 |
| Average closing costs | $3,207 | $3,207 |
| Cash to close (estimate) | $113,187 | $19,704 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Oregon
Oregon law (ORS 306.815) bars cities and counties from adopting new real estate transfer taxes, but taxes in effect before April 1997 were grandfathered — which is why Washington County still charges $1 per $1,000 of the price. Source: oregonlegislature.gov
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 (5,251 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. These are the main programs from Oregon Housing (OHCS), Oregon's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
Flex Lending (FirstHome and NextStep)
Oregon Housing and Community Services' first mortgages with down-payment assistance of 4% of the loan (5% for its focused demographic groups), usable for the down payment, closing costs and prepaids. Households at or below 80% of area median income get a forgivable, no-payment second lien; above that it is repaid monthly at 1 point over the first-mortgage rate. NextStep doesn't require first-time buyer status.
Source: oregon.govChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with Oregon Housing (OHCS) or a participating lender.
No state mortgage credit certificate in Oregon
Oregon Housing's homebuyer lending programs (FirstHome, NextStep, Flex Lending) include no MCC. The state-by-state MCC list.
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.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Oregon vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Oregon reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our editorial staff. Full sources and formulas: full methodology.
Oregon mortgage FAQ
What is a good mortgage rate in Oregon right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Oregon's conventional buyers paid a median 6.54%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Oregon than in other states?
Slightly. In 2025 HMDA records, Oregon's median conventional 30-year rate was 6.54%, against 6.50% nationally. Against the benchmark for each loan's lock week, which counts points and fees, Oregon loans priced 0.03 percentage points above it (the 19th-highest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Oregon?
The national jumbo 30-year average is 7.25% (Optimal Blue). In 2025, Oregon's jumbo buyers paid a median 6.63%. A loan is jumbo above the $832,750 conforming limit, which applies in every Oregon county.
Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $439,920 loan (20% down on Oregon's median list price), a 30-year at 7.18% costs $2,980 a month and a 15-year at 6.57% costs $3,849.
The 15-year saves about $380,019 in interest but needs $869 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $439,920 loan (20% down on Oregon's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $2,980 to $3,283, or $303 a month.
Over 30 years that is about $109,144 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Oregon's conventional rate-and-term refinances closed at a median 6.25% and purchases at 6.54%, partly because refinances bunch up when rates dip. Refinances priced 0.07 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In Oregon, a $500,000 home with that loan adds roughly $338 a month in property tax at the 0.81% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in Oregon?
About $148,000 a year for a home at the $549,900 median list price with 20% down, if the full $3,451 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in Oregon?
Oregon Housing (OHCS), the state housing finance agency, runs Flex Lending (FirstHome and NextStep), offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with Oregon Housing (OHCS) or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
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.