From the “I heard it so it must be true” file, I was under the impression that Oregon mortgage rates were usually lower than the national average. I did a search on www.bankrate.com for a 30 year mortgage, zero points, 20% down. I used the APR as the rate as that should allow for the most equal comparison of loans (correct me if I am wrong).
NYC, NY: 6.241%
San Diego: 6.148%
Dallas, TX: 6.148%
So we can probably consider this myth “Busted.”
All the 6.148% loans are through American Interbanc Mortgage, LLC. Equally interesting is their bold print homepage:
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