Mortgage lending in Salem, OR
8,815 mortgages were originated in the Salem, OR area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 8,815
- Median rate
- 6.875%
- Median lender fees
- $7,394
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $295,000
- Above the going rate (spread over APOR)
- 0.340
- Paid discount points
- 44.5%
- Received lender credits
- 17.9%
- Purchases / refinances
- 46.9% / 27.7%
- Conventional / FHA / VA
- 75.6% / 16% / 8.1%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 67.2% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Salem, OR area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Marion And Polk Schools Credit Union | 678 | $5,202 | 7.250% |
| Rocket Mortgage, LLC | 590 | $5,579 | 6.750% |
| Guild Mortgage Company | 457 | $9,209 | 6.625% |
| United Shore Financial Services, LLC | 425 | $10,027 | 6.375% |
| Onpoint Community Credit Union | 358 | $4,612 | 7.500% |
| Oregon State Credit Union | 223 | $3,969 | 7.500% |
| U.S. Bank National Association | 221 | $3,792 | 7.950% |
| Oregon Community | 210 | — | 7.500% |
| Umpqua Bank | 209 | $6,033 | 7.750% |
| Nations Direct Mortgage, LLC | 202 | $10,193 | 6.375% |