Portland Home Mortgage Rates
Refinance Loans and Equity Loan Refinancing - Check with Loan Officer for State Specific Pricing

Our Portland mortgage lenders offer discounted refinance rates for fixed mortgages and home equity loans. Oregon residents can access premium refinancing loans with options for conventional, VA, FHA, subprime and home equity.

New Portland Loan Limits for FHA, Fannie Mae and Freddie Mac home loans.

MSA Name	County Name	State	One-Family	Two-Family	Three-Family	Four-Family
PORTLAND-VANCOUVER-BEAVERTON	YAMHILL	OR	$418,750	$536,050	$648,000	$805,300
PORTLAND-VANCOUVER-BEAVERTON	COLUMBIA	OR	$418,750	$536,050	$648,000	$805,300
PORTLAND-VANCOUVER-BEAVERTON	CLACKAMAS	OR	$418,750	$536,050	$648,000	$805,300
PORTLAND-VANCOUVER-BEAVERTON	MULTNOMAH	OR	$418,750	$536,050	$648,000	$805,300
PORTLAND-VANCOUVER-BEAVERTON	WASHINGTON	OR	$418,750	$536,050	$648,000	$805,300

Portland Market Starts to Fall
By Nick Rian

Portland's housing market takes a nose dive. Home sales in the metro area fell by almost 700 from June to July, after a six month spurt of growth in sales and housing prices.

"With sky-high energy prices, rising interest rates and a cooling housing market, can U.S. households continue pulling rabbits out of their hat? Not likely," writes Benjamin Reitzes, an economic analyst for BMO Nesbitt Burns. The housing market is cooling, but this will open many opportunities for more consumers to get in and buy a home.

Preferred Loan Type Select ---------------> Mortgage Refinance Cash Out Refinance Home Equity New Home Purchase Property Type Select One-----------> Single-Family Detached Condominium Cooperative Multi-Family Dwelling Modular Mobile Home Manufactured Home Property Value Select One-----------> 1st Time Buyer 75,000 - 80,000 80,000 - 85,000 85,000 - 90,000 90,000 - 95,000 95,000 - 100,000 100,000 - 105,000 105,000 - 110,000 110,000 - 115,000 115,000 - 120,000 120,000 - 125,000 125,000 - 130,000 130,000 - 135,000 135,000 - 140,000 140,000 - 145,000 145,000 - 150,000 150,000 - 155,000 155,000 - 160,000 160,000 - 165,000 165,000 - 170,000 170,000 - 175,000 175,000 - 180,000 180,000 - 185,000 185,000 - 190,000 190,000 - 195,000 195,000 - 200,000 200,000 - 205,000 205,000 - 210,000 210,000 - 215,000 215,000 - 220,000 220,000 - 225,000 225,000 - 230,000 230,000 - 235,000 235,000 - 240,000 240,000 - 245,000 245,000 - 250,000 250,000 - 255,000 255,000 - 260,000 260,000 - 265,000 265,000 - 270,000 270,000 - 275,000 275,000 - 280,000 280,000 - 285,000 285,000 - 290,000 290,000 - 295,000 295,000 - 300,000 300,000 - 305,000 305,000 - 310,000 310,000 - 315,000 315,000 - 320,000 320,000 - 325,000 325,000 - 330,000 330,000 - 335,000 335,000 - 340,000 340,000 - 345,000 345,000 - 350,000 350,000 - 355,000 355,000 - 360,000 360,000 - 365,000 365,000 - 370,000 370,000 - 375,000 375,000 - 380,000 380,000 - 385,000 385,000 - 390,000 390,000 - 395,000 395,000 - 400,000 400,000 - 405,000 405,000 - 410,000 410,000 - 415,000 415,000 - 420,000 420,000 - 425,000 425,000 - 430,000 430,000 - 435,000 435,000 - 440,000 440,000 - 445,000 445,000 - 450,000 450,000 - 455,000 455,000 - 460,000 460,000 - 465,000 465,000 - 470,000 470,000 - 475,000 475,000 - 480,000 480,000 - 485,000 485,000 - 490,000 490,000 - 495,000 495,000 - 500,000 500,000 - 505,000 505,000 - 510,000 510,000 - 515,000 515,000 - 520,000 520,000 - 525,000 525,000 - 530,000 530,000 - 535,000 535,000 - 540,000 540,000 - 545,000 545,000 - 550,000 550,000 - 555,000 555,000 - 560,000 560,000 - 565,000 565,000 - 570,000 570,000 - 575,000 575,000 - 580,000 580,000 - 585,000 585,000 - 590,000 590,000 - 595,000 595,000 - 600,000 600,000 - 605,000 605,000 - 610,000 610,000 - 615,000 615,000 - 620,000 620,000 - 625,000 625,000 - 630,000 630,000 - 635,000 635,000 - 640,000 640,000 - 645,000 645,000 - 650,000 650,000 - 655,000 655,000 - 660,000 660,000 - 665,000 665,000 - 670,000 670,000 - 675,000 675,000 - 680,000 680,000 - 685,000 685,000 - 690,000 690,000 - 695,000 695,000 - 700,000 700,000 - 705,000 705,000 - 710,000 710,000 - 715,000 715,000 - 720,000 720,000 - 725,000 725,000 - 730,000 730,000 - 735,000 735,000 - 740,000 740,000 - 745,000 745,000 - 750,000 750,000 - 755,000 755,000 - 760,000 760,000 - 765,000 765,000 - 770,000 770,000 - 775,000 775,000 - 780,000 780,000 - 785,000 785,000 - 790,000 790,000 - 795,000 795,000 - 800,000 Over 800,000 Credit Rating Select ---------------> Excellent Good Fair Poor

FHA Refinance Loans Offer Fixed Rates
Many Portland homeowners have started to take advantage of the low rate FHA mortgage loans that allow consumers with bad credit to still qualify for affordable interest rates. Our Portland mortgage lenders provide competitive 30-year fixed rate refinance loans. Unfortunately thousands of Oregon borrowers have suffered financially because their adjustable rate mortgages have incurred resets that caused payments to increase. Consider our FHA loans to 97% for rate and term or 95% when refinancing with cash out or debt consolidation.	FHA home loans offer low fixed mortgage rates
Also see options for FHA Streamline Refinance , and FHA Secure Refinancing.

Home sales in the Portland metro area jumped from 4,795 during the first quarter to 8,964 during the second. At the same time, home sales prices kept climbing right alongside the climbing prime interest rate. Second mortgage and home equity loan rates have been on the rise, but consumers have migrated towards these loans for getting cash rather than refinancing their 1st mortgage.

The Average price of a home in the area rose from $297,700 in January to $331,900 in June. But in July the market turned. Sales and average home prices dropped. July sales fell more than 600 points to 2,713 and the average price dropped more than $6,000 to $325,700.

Economist Benjamin Reitzes speculates lower home prices means a slower withdrawal of equity through refinancing mortgages. And less spending, should cut $225 billion out of consumers' income in the next year. And, given that consumers have had negative savings for 15 straight months; Reitzes forecasts a sharp decline in spending.

Others don't agree. "We believe that strong income growth...will provide important support to consumer spending," said John Ryding, chief U.S. economist for Bear Stearns. He says the economy points to the fastest growth in real wages in more than five years.

Nationwide Mortgage Loans offers borrowers financing options for all types of credit with prime rate refinancing and home equity loans to maximize tax deductions and simple interest. If you are considering financing a 2nd home for vacation or investment purposes, please ask your loan officer about the latest FHA Home Loans available