Mortgage rates for Tennessee
go down to 4.01%
Monday, May 2, 2016
Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 4.01%.
That dropped from 4.34% to 4.01%.
The 15-year fixed rates are now at 3.19%. The 5/1 ARM mortgage for Tennessee is now at 2.75%.
30 Year Fixed Mortgage Rate Explained
30 year fixed mortgage is probably the most popular fixed rate loan available. The monthly principal and interest payments of this type of loan never change during its life and the loan is "amortized" so that it will be completely paid off by the end of the loan term. Above you will find 30-year fixed refinance rates for national and local lenders in Tennessee.