Accountant-Man
Level 13
‎07-15-2025 02:28 PM
Oregon interest rates in 2023
Interest rates in Oregon during 2023 changed based on the loan type. Here's a breakdown:
  • General Interest Rate: The annual interest rate for deficiencies, delinquencies, and refunds for tax periods starting on or after January 1, 2023, was 6%.
  • Mortgage Rates: The average 30-year fixed mortgage rate in Oregon peaked at 7.79% in October 2023.
  • Personal Loans: Personal loan rates could be found as low as 12.49% APR from some lenders. Payday loan interest rates were legally capped at 36% annually, with a maximum APR (including fees) of 153.77%.
  • Business Loans: Typical interest rates for business loans varied by loan type. SBA 7(a) loans ranged from 8.5% to 10.25%, and SBA 504 loans from 7.5% ± 1%. Traditional bank loans averaged between 5.75% and 12.5%, while online or alternative loans could reach 60% or more.
  • Savings Bonds: Series I savings bonds issued from May 2023 through October 2023 earned a composite rate of 4.30%, including a 0.90% fixed rate. Series EE savings bonds issued during the same period earned an annual fixed rate of 2.50%. 
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