What Oregon homeowners might deem as a “good” mortgage refinance rate will vary depending on their individual circumstances. Rates are determined by their particular loan terms, credit score and other factors.
The average rates in Oregon are currently 4.30% for a 15-year fixed-rate mortgage (FRM), 5.16% for a 30-year FRM and 4.58% for a 5/1 adjustable-rate mortgage (ARM).
Compared to the nationwide average mortgage rates estimated by the Federal Reserve Bank of St. Louis, which are 4.92%, 5.81% and 4.41%, respectively, the typical mortgage interest rates in Oregon are currently lower.
Rates for mortgage refinancing in Oregon may change often. This means that your actual refinance rate in Oregon can differ from the estimate you receive today if you don’t move quickly. MoneyGeek recommends comparing mortgage company rates so you can find the best deal for your needs.
