This archive contains mortgage rate research published by Portland Appraisal Blog during 2026. Blog coverage of mortgage rates began in Q2 2026.
Mortgage rate references throughout this archive are generally based on Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), which tracks average commitment rates reported by lenders for conventional 30-year and 15-year fixed-rate mortgages. Weekly articles discuss changes in mortgage financing conditions and potential implications for housing affordability and housing market activity throughout the Portland metropolitan region.
Quarterly and monthly opening and closing rates are based on the PMMS observation nearest the beginning and end of the applicable period.
Readers seeking an overview of mortgage rates and related housing market research may wish to begin with the Mortgage Rates & the Portland Region Housing Market page.
Table of Contents
Q2 2026
Mortgage rates had a modest net increase during Q2 2026, ending the quarter 11 basis points higher. Rates declined throughout much of April, reaching a quarterly low of 6.23% on April 23, 2026. Subsequent increases reversed the earlier decline, with rates generally stabilizing from May 21, 2026 through the end of the quarter.
| Rates Started | Rates Ended | Net Change |
|---|---|---|
| 6.38% | 6.49% | +0.11% |
May 2026
- Portland Region Housing Affordability Snapshot – Rates Rise to 6.53% (May 28, 2026): Link
June 2026
- Portland Region Housing Affordability Snapshot – Rates Dip to 6.48% (June 4, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Climb to 6.52% (June 11, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Dip to 6.47% (June 18, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Nudge Upwards to 6.49% (June 25, 2026): Link
Q3 2026
Mortgage rates increased substantially during Q3 2026, ending the quarter 54 basis points higher. The quarter began with a decline to 6.43% on July 2, 2026, which ultimately marked the quarterly low. Rates generally moved higher throughout the remainder of the quarter, with only brief declines during August. Upward momentum accelerated during September, pushing rates above 7.00% and ending the quarter at 7.03%.
| Rates Started | Rates Ended | Net Change |
|---|---|---|
| 6.49% | 7.03% | +0.54% |
July 2026
- Portland Region Housing Affordability Snapshot – Rates Drop to 6.43% (July 2, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Return to 6.49% (July 9, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 6.55% (July 16, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 6.58% (July 23, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 6.66% (July 30, 2026): Link
August 2026
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 6.69% (August 6, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Dip to 6.67% (August 13, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Dip to 6.65% (August 20, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Return to 6.66% (August 27, 2026): Link
September 2026
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 6.71% (September 3, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 6.76% (September 10, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Soar to YTD High of 6.95% (September 17, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Hit YTD High of 7.03% (September 24, 2026): Link
Q4 2026
Q4 2026 remains in progress as of this writing. Quarterly summaries, statistics, and visualizations will be completed once all Q4 mortgage rate observations have been published.
October 2026
- Portland Region Housing Affordability Snapshot – Rates Soar to YTD High of 7.28% (October 1, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Climb to YTD High of 7.40% (October 8, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Remain at YTD High of 7.40% (October 15, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Dip to 7.32% (October 22, 2026): Link
- Portland Region Housing Affordability Snapshot – Rates Dip to 7.24% (October 29, 2026): Link
November 2026
- Portland Region Housing Affordability Snapshot – Rates Dip to 7.18% (November 5, 2026): Link
Related Resources
- Mortgage Rates & the Portland Region Housing Market: Link
- Portland Affordability Index – PABAI: A Realistic Housing Qualification Metric for the Portland Region: Link
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