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Oregon Mortgages (OR)According to University of Oregon economist Tim Duy, as reported in the Register-Guard, "Oregon may be somewhat insulated from a housing slowdown compared to areas that have experienced more rapid price appreciation.” The economy in Oregon remains strong, and the housing market is still attracting buyers from more expensive markets such as California. Price appreciation is ranked seventh in the country. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in Oregon. Quick Oregon Housing factsPercent of Oregonians who own a home: 64.3%Percent of Renters in Oregon: 35.7% Median Oregon Household Income: $42,199 Best City to live in Oregon: West Linn, Oregon How much house can I afford?Because of the high cost of housing, one of the biggest problems facing Oregon’s homebuyers is figuring out how much house you can afford. We have some great online mortgage calculators that can help you figure how much home will fit into your monthly budget. Remember when you are calculating how much you can afford to include Oregon property taxes, and your other monthly obligations such as student loans and credit cards.Refinancing in OregonRefinancing your current mortgage can be a smart move if you are looking to pull some money out of your home, if mortgage rates have dropped more than 2% compared to your current mortgage, or if you are looking to switch your current mortgage from an adjustable rate mortgage or interest only to a fixed rate mortgage.Request an Oregon Mortgage Quote >>
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