Compare Today’s Mortgage Rates in Salem, Oregon 97302
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Salem, Oregon 97302.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $10,848 over the lifetime of your 30-year fixed loan, or a monthly savings of $30 in Salem and other areas of Marion county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
Summary of Average Mortgages in Salem, Oregon 97302
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Interactive Mortgage Rate Projections for Salem, Oregon 97302
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salem, OR 97302. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Salem, Oregon 97302 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salem, Oregon and around Marion county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 97.36% | 96.69% | 97.40% | 96.66% | 95.43% | 95.78% | 96.12% | 96.03% | 94.50% |
avg mortgage rate | 6.43% | 4.57% | 3.00% | 3.34% | 4.34% | 4.63% | 4.20% | 3.94% | 4.13% |
% 15 year fixed mortgage | 2.49% | 2.48% | 1.90% | 2.89% | 3.70% | 3.37% | 3.20% | 3.69% | 4.70% |
avg mortgage rate | 5.50% | 3.81% | 2.37% | 2.83% | 3.68% | 3.97% | 3.46% | 3.19% | 3.31% |
Avg credit score | 756.65 | 760.08 | 759.93 | 759.86 | 763.06 | 762.88 | 759.09 | 757.43 | 757.38 |
Avg LTV (loan to value) | 77.98% | 79.04% | 80.03% | 80.02% | 78.45% | 76.72% | 78.61% | 79.87% | 80.41% |
Avg DTI (debt to income) | 39.05 | 38.10 | 36.07 | 36.20 | 37.08 | 37.11 | 36.07 | 35.55 | 35.15 |
% First time homebuyer | 48.90% | 45.11% | 45.41% | 40.15% | 37.17% | 30.47% | 32.06% | 34.60% | 33.53% |
Avg mortgage insurance % | 12.04% | 11.35% | 11.44% | 11.44% | 10.41% | 8.16% | 9.09% | 10.39% | 11.27% |
Best Mortgage Brokers around Salem, Oregon 97302
For those searching for a new home in Salem, we have compiled a list of the top mortgage brokers located in and around Salem, Oregon 97302 to assist you with your search.
Equitable Finance Company
134 Lancaster Dr SE
Salem OR 97302
(503) 315-9890
info@equitablefinco.com
United Finance
1040 Lancaster Dr SE
Salem OR 97302
(503) 585-6411
http://salem.unitedfinance.com/
Eliot Management GRP
4747 Skyline Rd S
Salem OR 97302
(503) 363-3900
http://www.e-mg.com/
College Funding Solutions Inc.
5820 Pikes Pass St SE
Salem OR 97302
(503) 566-8500
http://mycollegeinfo.com
First Pacific
5121 Skyline Village Loop S
Salem OR 97302
(503) 588-1411
jobs@firstpac.com
Address
134 Lancaster Dr SE
Salem OR
Contact
(503) 315-9890
info@equitablefinco.com
Address
1040 Lancaster Dr SE
Salem OR
Contact
(503) 585-6411
http://salem.unitedfinance.com/
Address
4747 Skyline Rd S
Salem OR
Contact
(503) 363-3900
http://www.e-mg.com/