Oregon
Mortgage Rates;
The Oregon housing market has cooled with fewer buyers, homes staying longer on the market and more homes on the market. Builders are adding on extra incentives like free kitchens and swimming pools to try and shift their homes. Buyers definitely have more choice now and are able to get great value.
Sellers aren’t going for large price cuts and they are hoping to cut prices just enough to attract buyers. Buyers aren’t rushing into the market but instead, they are waiting hoping that prices will fall even further.
What we’re seeing is a market which is leveling off which leads to a more sustainable housing market in the long term. The fast growth of the past few years is over and both buyers and sellers are waiting to see how the market develops.
Below are examples of rates being offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.25% to 6.125%
15 Yr Fixed : rates from 5% to 5.875%
1 Yr ARM : rates from 5.125% to 5.5%
3/1 ARM : rates from 5% to 5.875%
5/1 ARM : rates from 5.125% to 6%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 5.625% to 6.375%
15 Yr Fixed Jumbo : rates from 5.125% to 6.125%
1 YR ARM Jumbo : rates from 5.125% to 5.5%
3/1 ARM Jumbo : rates from 5.25% to 6.125%
5/1 ARM Jumbo : rates from 5.375% to 6.25%
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Looking for a mortgage in one of Oregon's major cities? Click any of the cities below for more mortgage information.
Major Oregon
Cities;
Eugene
Ontario
Portland
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