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Tennessee Conventional Mortgage Rates

Updated: September 30, 2020

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Displaying rates for Mortgage Refinance in TN for $200,000

PRODUCTS RATES +/-
30 Year Fixed 3.00%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Wednesday, September 30, 2020

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Mortgage rates for Tennessee go down to 3.00%

Wednesday, September 30, 2020

Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Tennessee is now at 4.56%.

 

Conventional Mortgage Rates & Loan Limits in Tennessee

A conventional mortgage loan is a home loan that is not backed directly by the federal government such as the FHA and VA loans. However, conforming conventional mortgage loans follow the terms and conditions set by the government sponsored enterprises (GSEs): Freddie Mac and Fannie Mae. When buying a home in Tennessee or refinancing your existing mortgage, a conventional mortgage should definitey be an option. Conventional mortgages  have low closing costs and flexible payment options. Check out our main page on Conventional Home Mortgage Rates.

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