Today’s Refinance Rates in Oregon

Banner image
Edited byAshley Jacobs

Updated: January 18, 2024

Advertising & Editorial Disclosure

Current Refinance Rates in Oregon

MoneyGeek compiled refinance rates in Oregon to help you find the loan option that best matches your goals. The most recent average rates for various mortgage types and terms in Oregon are shown in the table below.


Mortgage Refinance Rates From Top Lenders


What Is a Good Refinance Rate in Oregon?

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.

Estimate Your New Monthly Mortgage Payment

Rates can differ across homeowner profiles and from day to day, depending on various market conditions. With the help of MoneyGeek's mortgage calculator, you can determine the monthly payment you will need to finance your house. Use the rates above and enter your mortgage information to get started.


Frequently Asked Questions About Refinance Rates in Oregon

To help you understand key information about the refinance rates in Oregon, MoneyGeek provides answers to frequently asked questions listed below.

It depends. In Oregon, a good refinance rate is determined by averages and individual profiles. Statewide, the average rate is 4.30% to 5.16%.

A bad refinance rate in Oregon is one that costs you more money each month than you currently pay for your monthly mortgage.

Getting an interest rate that is less than the 5.16% average for a 30-year fixed-rate mortgage in Oregon is great.

A good refinance interest rate is anything equal to or cheaper than the 4.30% average for a 15-year fixed-rate mortgage in Oregon.

If your interest rate is less than the 4.58% average for a 5/1 ARM in Oregon, you're getting an excellent deal.

  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 14, 2022.