Portland, OR Mortgage Rates Today

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.692%	1.851	$2,806
VA 30-Year Fixed	6.750%	7.150%	1.936	$2,765
Conventional 15-Year Fixed	6.625%	7.094%	2.099	$3,539
Conventional 30-Year Fixed	7.125%	7.422%	2.082	$2,824
Jumbo 30-Year Fixed	7.125%	7.347%	2.050	$7,467

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.855%	2.368	$2,836
VA 30-Year Refinance	7.000%	7.283%	2.268	$2,806
Conventional 15-Year Refinance	6.875%	7.342%	2.260	$3,588
Conventional 30-Year Refinance	7.375%	7.663%	2.193	$2,884
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,547

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.692% APR and $2,806 monthly payment at 70% loan-to-value (LTV) and 1.851 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.150% APR and $2,765 monthly payment at 70% loan-to-value (LTV) and 1.936 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.094% APR and $3,539 monthly payment at 70% loan-to-value (LTV) and 2.099 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.422% APR and $2,824 monthly payment at 70% loan-to-value (LTV) and 2.082 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $7,467 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.84% effective rate for Washington County, Oregon, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $1,400 for Portland, OR, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.855% APR and $2,836 monthly payment at 70% loan-to-value (LTV) and 2.368 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.283% APR and $2,806 monthly payment at 70% loan-to-value (LTV) and 2.268 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.342% APR and $3,588 monthly payment at 70% loan-to-value (LTV) and 2.260 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.663% APR and $2,884 monthly payment at 70% loan-to-value (LTV) and 2.193 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,547 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Portland, OR property taxes, and estimated homeowners insurance.

Portland housing market at a glance

September 2026 data

In Portland, homes are selling in about 74 days, the same pace as a year ago, sales are down 3.6% from last year, and about 28% of listings have had a price cut.

Median sale price

$529,900

$309 per sq. ft.

Homes sold

3,835

▼ 3.6% vs. 3,980 last year

Days on market

vs. 74 days last year

Homes for sale

4,186

233 new listings

Listings with a price cut

28%

1,175 of 4,186 listings

Source: Movoto Portland, OR market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Portland

Monthly payments on Portland's median home price of $529,900 (September 2026), at today's rates.

20% down · Conventional

$3,344/mo

Down payment: $105,980
Loan amount: $423,920
Rate: 7.125%
Principal & interest: $2,856
Est. property tax: $371
Est. homeowners insurance: $117

5% down · Conventional

$3,879/mo

Down payment: $26,495
Loan amount: $503,405
Rate: 7.125%
Principal & interest: $3,392
Est. property tax: $371
Est. homeowners insurance: $117

3.5% down · FHA

$3,906/mo

Down payment: $18,547
Loan amount: $520,302
Rate: 6.875%
Principal & interest: $3,418
Est. property tax: $371
Est. homeowners insurance: $117

Payments include principal, interest, estimated Portland property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Portland?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Portland property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Portland's $529,900 median home:

20% down · Conventional$3,344/mo payment $143,301/yrabout $11,942/mo before taxes

5% down · Conventional$3,879/mo payment $166,252/yrabout $13,854/mo before taxes

3.5% down · FHA$3,906/mo payment $167,387/yrabout $13,949/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $423,920 loan (the Portland median price with 20% down). Every 0.25% is worth about $71/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$2,576	$2,645	$2,714	$2,785	$2,856	$2,928

Ways to make a Portland home more affordable

Negotiate on price. About 28% of Portland listings have had a price cut, so many sellers are open to offers.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $142 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Portland mortgage and home buying FAQs

What are mortgage rates in Portland today?

As of October 13, 2026, Lower’s 30-year fixed conventional rate in Portland is 7.125% (7.422% APR), and the 30-year FHA rate is 6.875% (7.692% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Portland?

On Portland’s $529,900 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $3,344 a month, including principal, interest, estimated Portland property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,906 a month before monthly mortgage insurance.

How much income do I need to buy a house in Portland?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $143,301 a year to buy Portland’s $529,900 median home with 20% down, or about $167,387 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Portland?

On the $529,900 median home, 20% down is $105,980, 5% down is $26,495, and the FHA minimum of 3.5% is $18,547. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Portland right now?

In September 2026, Portland homes sold in about 74 days. 3835 homes sold, down from 3980 the year before, and about 28% of the 4186 homes for sale have had a price cut.

How much does a quarter-point rate change affect payments in Portland?

On a $423,920 loan (the median Portland home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $71 a month, or about $854 a year.

How much are property taxes in Portland?

Lower estimates Portland property taxes at about 0.84% of a home’s value per year. On the $529,900 median home, that’s roughly $4,451 a year, or $371 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Portland from The Zebra; your quote will vary. Rates as of October 13, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

5.0

He was always available to answer any questions we had. The way he explained the process of home buying was clear. We look forward to working with him in the future and will refer him to our friends and family. Thank you for your help!

Erica O.

Verified Customer

August 26, 2026

5.0

Doug made the refinance process fast and easy.

Teresa J.

Verified Customer

August 3, 2026

5.0

Handled quick and easy

Andrew C.

Verified Customer

September 17, 2026

5.0

John is so thorough and such a wonderful and caring person to work with! He always responded to my calls quickly and answered all my questions. He worked very hard to get us the perfect loan along with helping in many other ways. I am so grate…ful for his help and experience! He made the whole process much easier for us. Thank you!!

Melanie I.

Verified Customer

September 21, 2026

5.0

Really appreciated the work at the end to get it across the finish line given difficult circumstances. Within 24 hours it swung from seemingly going to fall through to Doug finding a good solution to enable the sale to go through. Really apprec…iate him, his advice, and dedication.

Geoffrey H.

Verified Customer

September 18, 2026

5.0

John was always available for phone calls and was able to answer all our questions with confidence

Brandi N.

Verified Customer

July 20, 2026

Erica O. rated John Belli 5.0 stars: He was always available to answer any questions we had. The way he explained the process of home buying was clear. We look forward to working with him in the future and will refer him to our friends and family. Thank you for your help! Teresa J. rated Doug Jacobson 5.0 stars: Doug made the refinance process fast and easy. Andrew C. rated Doug Jacobson 5.0 stars: Handled quick and easy Melanie I. rated John Belli 5.0 stars: John is so thorough and such a wonderful and caring person to work with! He always responded to my calls quickly and answered all my questions. He worked very hard to get us the perfect loan along with helping in many other ways. I am so grateful for his help and experience! He made the whole process much easier for us. Thank you!! Geoffrey H. rated Doug Jacobson 5.0 stars: Really appreciated the work at the end to get it across the finish line given difficult circumstances. Within 24 hours it swung from seemingly going to fall through to Doug finding a good solution to enable the sale to go through. Really appreciate him, his advice, and dedication. Brandi N. rated John Belli 5.0 stars: John was always available for phone calls and was able to answer all our questions with confidence

Portland, OR Mortgage Rates Today

Current Mortgage Rates in Portland, OR

Portland housing market at a glance

What it costs to buy a home in Portland

How much income do you need to buy a home in Portland?

How rates change your payment

Ways to make a Portland home more affordable

Portland mortgage and home buying FAQs

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