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Get Started To See Today’s Mortgage Rates

Current mortgage interest rates change daily. Personalized mortgage rates are calculated after completing the mortgage application.

Compare options after applying to multiple lenders. NerdWallet has picked standout mortgage lenders to help you get started.

Applied filters: Purchase, Credit score: 720, ZIP: 97818, Veteran: No

Showing top 3 matches in OR

Rocket Mortgage, LLC

NMLS#3030

Rocket Mortgage, LLC

NerdWallet rating

Min. credit score

620

Min. down payment

3%

Pros

  • Offers down payment and closing cost assistance.
  • Largest lender, by volume, of FHA loans in 2025.
  • Borrowers can apply via mobile app.
View Ratesat Rocket Mortgage, LLC
NBKC

NMLS#409631

NBKC

NerdWallet rating

Min. credit score

620

Min. down payment

3%

Pros

  • Competitive interest rates and fees.
  • Offers most common loan types, as well as a handful of specialty loans.
  • Payouts are available to borrowers whose loans don’t close on time.
View Ratesat NBKC
Rate

NMLS#2611

Rate

NerdWallet rating

Min. credit score

580

Min. down payment

3%

Pros

  • Fully underwritten mortgage approval in as little as one day for qualified borrowers.
  • Generous selection of loans, including government-backed, interest-only, jumbo and renovation.
  • Advertises a fixed-rate HELOC that can be funded in as few as five business days.
View Ratesat Rate
What is a mortgage rate?

A mortgage is a loan to buy a home. When you borrow the money, you promise to repay the loan at an agreed-upon interest rate. That's the all-important mortgage rate borrowers are so interested in. It's just one factor, and no doubt the most important to consider, when you are trying to determine how much a loan will cost you. To borrow the money, the lender will charge you a fee, expressed as an interest rate assessed for the life of the loan.

A mortgage is set up so you pay off the loan over a specified period called the term. The most popular term is 30 years. Each payment includes a combination of principal and interest.

Typically, each monthly payment includes about one-twelfth of the annual cost of property taxes and homeowners insurance. The lender often collects this money in an escrow account, and may even pay the taxes and insurance when they're due.

What is a good mortgage interest rate?

Mortgage rates published on lender websites and advertised online can set unrealistic expectations for the interest rate you'll really earn. How do you know you have a good mortgage rate?

Once you know what kind of home loan will work best for you, it will be time to compare three or more lenders to determine the right mortgage rate offer for you. With a Loan Estimate from each lender compared side-by-side, you'll be able to see which lender is giving you a good mortgage rate combined with the lowest origination fees.

Which mortgage lender is the best?

The answer depends on your needs. Lenders vary by the types of loans and services they offer as well as their credit score minimums and other requirements for borrowers. The best mortgage lender is the one that offers the products you need, has requirements you can meet and charges the lowest mortgage rates and fees.

» MORE: Calculate your mortgage payment

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.