Mortgage rates for Tennessee
go up to 4.20%
Thursday, February 23, 2017
Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 4.20%.
That increased from 4.00% to 4.20%.
The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Tennessee is now at 3.50%.
15 Year Fixed Mortgage Rate Explained
15 year fixed mortgage is a loan program where the monthly payment (principal and interest) of the loan does not change during the 15 year life of the loan. Like the 30 year, and the loan is "amortized" so that it will be completely paid off by the end of 15 years. Above you will find 15-year fixed refinance rates for national and local lenders in Tennessee.