Mortgage Rates in Newberg, Oregon — March 2026
Updated March 2026 | Based on Newberg market data and regional lending conditions
Newberg is a growing city in Oregon with a population of 25,293. The current 30-year fixed mortgage rate in Newberg is 6.69%, which is 0.04% above the national average. With a median home price of $427,000 and a 20% down payment of $85,400, homebuyers can expect a monthly principal and interest payment of approximately $2,202.
Current Mortgage Rates in Newberg, OR
Below are the current average mortgage rates available in the Newberg area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Newberg Housing Market Overview
The Newberg housing market reflects moderate demand with prices near the national average. The median household income in Newberg is $60,300, and the cost of living index is 113.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $110,100 to comfortably afford the median-priced home in Newberg, which exceeds the current median household income.
Monthly Payment Breakdown for Newberg
Based on the median home price of $427,000 with 20% down ($85,400), here is what you can expect to pay monthly in Newberg:
15-Year vs. 30-Year Mortgage in Newberg
Choosing a 15-year mortgage in Newberg at 5.95% instead of a 30-year at 6.69% would save you $275,580 in total interest over the life of the loan. However, your monthly payment would be $2,873 instead of $2,202 — an increase of $671 per month.
Calculate Your Newberg Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Newberg
What are the current mortgage rates in Newberg, OR?
As of March 2026, the average 30-year fixed mortgage rate in Newberg, Oregon is 6.69%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Newberg?
Based on the median home price of $427,000 with 20% down, the estimated monthly mortgage payment in Newberg is $2,202 for principal and interest. Including property taxes of $367/month, the total monthly housing cost is approximately $2,569.
What income do I need to buy a home in Newberg?
Using the 28% rule, you would need an annual income of approximately $110,100 to afford the median-priced home in Newberg at $427,000. The median household income in Newberg is $60,300. This means most households would need to either earn above the median or consider homes below $427,000.
Is Newberg a good place to buy a home in 2026?
Newberg has a moderate cost of living with a cost of living index of 113.5 (national average = 100). The property tax rate in Oregon is 1.03%, which is near the national average. Newberg has a population of 25,293 and offers a balanced lifestyle.
Mortgage Rates in Other Oregon Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Newberg, Oregon area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.