Mortgage Rates in Oregon — June 2026
Compare mortgage rate benchmarks across 55 cities in Oregon. Amortio's estimated state average for a 30-year fixed loan is 6.7%, which is 0.22% above the Freddie Mac national benchmark of 6.48% from June 4, 2026. These figures are informational estimates, not lender quotes or APR offers.
What is the current Oregon mortgage-rate benchmark?
Amortio's Oregon state table shows an estimated 6.7% 30-year benchmark across 55 cities, versus Freddie Mac's 6.48% national 30-year PMMS benchmark from June 4, 2026. Use it to compare city payments, then request same-day lender Loan Estimates for APR, points, fees, lock period, and cash-to-close.
How to Read Oregon Mortgage Rates
Oregon is not one uniform mortgage market. The rate table below covers 55 cities, but the real payment difference comes from home price, income, property taxes, loan size, and whether a borrower fits conventional, FHA, VA, or jumbo pricing. Use this page to compare cities first, then use lender quotes for final APR and fee decisions.
- At the state-average payment of $2,193 per month and median income of $60,923, Oregon looks stretched relative to the standard 28% housing-cost guideline.
- The observed city-level 30-year benchmark spread is 0.67 percentage points, from 6.23% to 6.9%. Even small rate differences matter more in expensive cities because they apply to larger loan balances.
- Property taxes are material but not the only factor; rate, loan size, and insurance assumptions can move the final payment just as much.
- For buyers comparing down payment choices, pair this state page with the PMI calculator, affordability calculator, and closing cost estimator before assuming the lowest advertised rate creates the lowest total cost.
Payment-Efficient Oregon Cities
| City | P&I / Income | Monthly P&I | Median Income | 30-Year Rate |
|---|---|---|---|---|
| Enterprise | 25.9% | $1,693 | $78,500 | 6.64% |
| Dallas | 32.2% | $1,882 | $70,100 | 6.66% |
| Wilsonville | 35.6% | $2,034 | $68,600 | 6.65% |
| Canby | 36% | $2,023 | $67,400 | 6.65% |
| The Dalles | 36.1% | $1,981 | $65,800 | 6.82% |
Highest-Priced Oregon Markets to Stress-Test
Oregon Mortgage Quote Comparison Worksheet
Use this checklist before choosing between lender quotes, state assistance, builder credits, or a temporary buydown. It is built to catch the costs that do not show up in a simple rate table.
| Line Item | What to Compare |
|---|---|
| Rate vs APR | APR exposes points, lender fees, and credits that can hide inside a lower advertised rate. |
| Cash to close | Compare down payment, closing costs, prepaid taxes, insurance escrow, and any assistance or seller credit. |
| Payment after escrow | Oregon buyers should compare principal, interest, property tax, insurance, HOA or condo dues, and mortgage insurance together. |
| Assistance terms | Down payment assistance can be a grant, forgivable second, deferred second, or repayable loan; the repayment rule changes the real cost. |
| Rate lock and buydown | Temporary buydowns and lender credits can improve the first-year payment while leaving a higher long-run payment. |
A strong Oregon mortgage comparison should include at least two lender Loan Estimates plus one program or assistance check where available. Pair this worksheet with the affordability calculator, PMI calculator, and closing cost estimator.
Oregon OHCS, Homebuyer Education & Assistance Notes
Oregon borrowers should compare mortgage-rate benchmarks with Oregon Housing and Community Services resources, down payment assistance, homebuyer education, Portland-area pricing, and rural market eligibility.
- Oregon Housing and Community Services provides homeownership resources, homebuyer education paths, and assistance program information through partners.
- Down payment assistance and local programs can vary by area, so borrowers should confirm the current administering partner and lender rules.
- Portland, Bend, Eugene, Salem, Medford, and coastal markets can have very different price and insurance assumptions.
- Some Oregon markets may require extra attention to wildfire, flood, condo, HOA, or rural eligibility details.
Oregon Loan Limit & Assistance Checks
| Area | Conforming | FHA | Why It Matters |
|---|---|---|---|
| Oregon conventional loans | Use FHFA lookup | Use HUD lookup | County limits and high-cost markets should be checked before deciding conforming, FHA, or jumbo. |
| OHCS or local partner assistance | Program-specific | Program-specific | Rules vary by program, partner, lender, income, and location. |
| Wildfire, flood, or coastal market | Loan limit plus insurance | HUD county lookup | Insurance and property-risk checks can change total payment and underwriting. |
Official Oregon Mortgage Sources
Oregon Housing Highlights
All 55 Cities in Oregon
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Portland | 6.6% | $515,000 | $2,631 | 652,503 |
| Eugene | 6.6% | $425,000 | $2,171 | 176,654 |
| Salem | 6.6% | $375,000 | $1,916 | 175,535 |
| Gresham | 6.6% | $435,000 | $2,223 | 114,247 |
| Hillsboro | 6.6% | $535,000 | $2,733 | 106,447 |
| Bend | 6.6% | $625,000 | $3,193 | 102,059 |
| Beaverton | 6.72% | $425,000 | $2,198 | 99,037 |
| Medford | 6.6% | $395,000 | $2,018 | 85,824 |
| Springfield | 6.73% | $466,000 | $2,413 | 63,230 |
| Corvallis | 6.6% | $445,000 | $2,274 | 59,922 |
| Albany | 6.66% | $438,000 | $2,252 | 56,472 |
| Tigard | 6.64% | $481,000 | $2,468 | 55,767 |
| Aloha | 6.65% | $435,000 | $2,234 | 53,145 |
| Gold Beach | 6.65% | $490,000 | $2,517 | 49,331 |
| Keizer | 6.9% | $380,000 | $2,002 | 40,393 |
| Lake Oswego | 6.86% | $468,000 | $2,456 | 40,018 |
| Grants Pass | 6.66% | $365,000 | $1,876 | 39,358 |
| Oregon City | 6.84% | $380,000 | $1,990 | 37,339 |
| McMinnville | 6.79% | $467,000 | $2,433 | 35,590 |
| Enterprise | 6.64% | $330,000 | $1,693 | 35,252 |
| Redmond | 6.69% | $445,000 | $2,295 | 33,274 |
| Tualatin | 6.89% | $411,000 | $2,163 | 28,024 |
| Woodburn | 6.64% | $450,000 | $2,309 | 27,398 |
| Wilsonville | 6.65% | $396,000 | $2,034 | 26,713 |
| West Linn | 6.89% | $418,000 | $2,200 | 26,672 |
| Bethany | 6.72% | $468,000 | $2,421 | 26,519 |
| Forest Grove | 6.66% | $451,000 | $2,319 | 25,343 |
| Newberg | 6.69% | $427,000 | $2,202 | 25,293 |
| Roseburg | 6.35% | $285,000 | $1,418 | 23,857 |
| Happy Valley | 6.82% | $410,000 | $2,143 | 23,646 |
| Hayesville | 6.62% | $414,000 | $2,120 | 22,760 |
| Klamath Falls | 6.23% | $245,000 | $1,205 | 21,813 |
| Milwaukie | 6.79% | $363,000 | $1,891 | 21,119 |
| Ashland | 6.56% | $485,000 | $2,468 | 21,117 |
| Sherwood | 6.77% | $384,000 | $1,997 | 20,269 |
| Central Point | 6.83% | $355,000 | $1,857 | 19,506 |
| Hermiston | 6.61% | $365,000 | $1,867 | 19,354 |
| Altamont | 6.82% | $382,000 | $1,996 | 19,326 |
| Clackamas | 6.69% | $565,000 | $2,914 | 19,222 |
| Four Corners | 6.87% | $428,000 | $2,248 | 18,889 |
| 15 more Oregon city mortgage-rate pages are available as individual pages and in the XML sitemap. | ||||
Oregon Mortgage Rates Guide — 2026
Oregon homebuyers can use an estimated 30-year fixed benchmark of 6.7%, with median home prices around $424,836. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $2,193.
The most affordable city for homebuyers in Oregon is Klamath Falls, where the median home price is $245,000. On the other end, Bend has the highest prices at $625,000. Property tax rates across the state average 0.97%.
To comfortably afford a home at the state average price, a household income of approximately $93,986 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
For Oregon mortgage-rate searches, compare the city payment data with OHCS resources and local assistance partners. A borrower in Portland or Bend may face different loan-limit and affordability pressure than a buyer in Salem, Medford, or smaller markets.
Use our free loan calculator to see your estimated monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Methodology & Mortgage Rate Data Sources
How we calculate Oregon mortgage rates: Our rate estimates start with weekly mortgage-rate benchmarks and then compare city-level housing assumptions. They are designed for planning and comparison, not as a guarantee of lender pricing.
- Benchmark mortgage rates from Freddie Mac Primary Mortgage Market Survey (PMMS) — the most-cited weekly survey of 30-year and 15-year fixed conforming rates.
- Federal Reserve rate policy tracked via FRED — Federal Reserve Economic Data — the St. Louis Fed's authoritative database of interest rate series.
- Conforming loan limits set annually by the FHFA Conforming Loan Limit announcements (Oregon 2026: $832,750 baseline, with higher one-unit limits in high-cost counties).
- State lending regulation context from HUD State Information pages covering FHA, down payment assistance, and housing finance agency programs in Oregon.
- Mortgage market trends tracked via Mortgage Bankers Association (MBA) Weekly Applications Survey — the industry benchmark for mortgage demand and rate sensitivity.
Authoritative mortgage rate data sources:
- Freddie Mac PMMS — weekly 30yr and 15yr fixed rate benchmark
- FRED — Federal Reserve Economic Data — interest rate and housing series
- FHFA — Federal Housing Finance Agency — conforming loan limits and HPI
- HUD — Housing and Urban Development — FHA programs and state assistance
- Oregon homeownership resources — official OHCS homeownership resource hub
- CFPB Mortgage Rate Checker — personalized rate comparison tool
- VA Home Loan Program — zero down payment loan for eligible veterans
Rate Disclaimer: Rates shown are estimates based on current market surveys and may not reflect actual lender quotes. Your rate depends on credit score, loan-to-value ratio, down payment, property type, and lender. Always obtain personalized rate quotes from multiple lenders. Rates change daily.
Reviewed by Brazora Monk · Last updated May 2026 · Freddie Mac PMMS data current as of June 4, 2026
Frequently Asked Questions — Oregon Mortgages
What are current mortgage rates in Oregon?
As of June 4, 2026, Freddie Mac's national benchmark was 6.48% for the 30-year fixed and 5.79% for the 15-year fixed. Amortio's Oregon city comparison shows an estimated 30-year benchmark average of 6.7% and 15-year average of 5.94%. Rates vary by city, lender, lock date, fees, and borrower qualification.
What is the average home price in Oregon?
The median home price across 55 cities in Oregon is $424,836. Prices range from $245,000 in Klamath Falls to $625,000 in Bend.
How much income do I need to buy a house in Oregon?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $93,986 to comfortably afford the average home in Oregon. The median household income in the state is approximately $60,923.
Where should Oregon buyers start for assistance?
Oregon buyers should start with Oregon Housing and Community Services homeownership resources and approved local partners, then compare lender quotes with full APR, fees, insurance, and assistance terms.
Oregon Mortgage Rates by ZIP Code
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