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 97317. 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 $12,133 or $34 / 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 97317.

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Summary of Average Mortgage Terms in Salem, Oregon 97317

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Salem, OR 97317, 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 97317 from 2012 - 2019

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 97317

If you’re looking to buy a new home in Salem, we have compiled a list of the leading mortgage brokers around Salem, Oregon 97317 to help you with your search.

Name
Address
Contact

Equitable Finance Company

134 Lancaster Dr SE

Salem OR 97317

(503) 315-9890

info@equitablefinco.com

United Finance

1040 Lancaster Dr SE

Salem OR 97317

(503) 585-6411

http://salem.unitedfinance.com/

Eliot Management GRP

4747 Skyline Rd S

Salem OR 97317

(503) 363-3900

http://www.e-mg.com/

College Funding Solutions Inc.

5820 Pikes Pass St SE

Salem OR 97317

(503) 566-8500

http://mycollegeinfo.com

First Pacific

5121 Skyline Village Loop S

Salem OR 97317

(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/

News on Mortgages and Reverse Mortgages for Salem, Oregon 97317