Compare Today’s Mortgage Rates for Salem, Oregon
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Salem, Oregon 97306. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $10,478 or $29 / month in Salem and surrounding areas of Marion county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Salem, Oregon 97306.
Summary of Average Mortgage Terms in Salem, Oregon 97306
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Salem, OR
To forecast and predict mortgage rates in Salem, OR 97306, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Salem, Oregon 97306 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Salem, Oregon and around Marion county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 93.56% | 89.86% | 91.51% | 92.44% | 93.73% | 94.37% | 96.02% | 95.86% |
| avg mortgage rate | 4.89% | 4.63% | 3.90% | 4.02% | 4.47% | 4.13% | 3.94% | 4.11% |
| % 15 year fixed mortgage | 5.32% | 8.28% | 6.30% | 6.17% | 5.31% | 4.87% | 3.70% | 3.13% |
| avg mortgage rate | 4.31% | 3.89% | 3.28% | 3.13% | 3.52% | 3.32% | 3.19% | 3.42% |
| Avg credit score | 767.94 | 770.73 | 766.26 | 762.42 | 759.13 | 757.24 | 754.32 | 756.08 |
| Avg LTV (loan to value) | 73.50% | 75.90% | 78.33% | 79.56% | 80.08% | 80.55% | 79.87% | 79.07% |
| Avg DTI (debt to income) | 34.44 | 34.40 | 33.24 | 33.84 | 34.73 | 35.20 | 35.58 | 36.21 |
| % First time homebuyer | 28.45% | 28.36% | 26.28% | 24.92% | 31.23% | 33.67% | 34.58% | 32.29% |
| Avg mortgage insurance % | 3.19% | 5.02% | 8.29% | 9.65% | 10.62% | 11.44% | 10.42% | 9.46% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Salem, Oregon 97306
If you’re looking to buy a new home in Salem, we have compiled a list of the leading mortgage brokers around Salem, Oregon 97306 to help you with your search.
Name
Address
Contact
Equitable Finance Company
134 Lancaster Dr SE
Salem OR 97306
(503) 315-9890
info@equitablefinco.com
United Finance
1040 Lancaster Dr SE
Salem OR 97306
(503) 585-6411
http://salem.unitedfinance.com/
Eliot Management GRP
4747 Skyline Rd S
Salem OR 97306
(503) 363-3900
http://www.e-mg.com/
College Funding Solutions Inc.
5820 Pikes Pass St SE
Salem OR 97306
(503) 566-8500
http://mycollegeinfo.com
First Pacific
5121 Skyline Village Loop S
Salem OR 97306
(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/