Oregon Mortgage Rates Today — Compare OR Lenders
The average 30-year fixed mortgage rate in Oregon is currently 6.63% APR. Portland’s metro has a conforming loan limit of $833,800. Oregon has no sales tax, partially offsetting higher home prices. Compare today’s rates from top Oregon lenders across all major loan types below.
Oregon Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $520,000 loan on a single-family primary residence in Oregon.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.63% | 6.63% | Most Popular |
| 15-Year Fixed | 5.98% | 5.98% | Pay off faster, save interest |
| 5/1 ARM | 6.75% | 6.75% | Short-term owners |
| FHA 30-Year | 6.28% | 6.28% | Low down payment |
| VA 30-Year | 6.11% | 6.11% | Veterans & military |
| 30-Year Refinance | 6.75% | 6.75% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Oregon
Oregon’s housing market is dominated by the Portland metro, one of the more expensive markets in the Pacific Northwest. Bend has emerged as a popular destination for remote workers, driving significant price appreciation. Eastern Oregon offers dramatically more affordable options.
Oregon has no sales tax, which slightly reduces overall cost of living. The state’s natural amenities, outdoor lifestyle, and lack of sales tax attract buyers from California and other high-cost states. Eugene and Salem offer more affordable Willamette Valley alternatives.
What Affects Your Oregon Mortgage Rate?
Several key factors influence the rate a Oregon lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.