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5/1 ARM Mortgage Rates in Tennessee

Updated: June 04, 2020

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

PRODUCTS RATES +/-
30 Year Fixed 3.15%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Thursday, June 04, 2020

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Mortgage rates for Tennessee go down to 3.15%

Thursday, June 4, 2020

Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 3.15%. That dropped from 3.15% to 3.15%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Tennessee is now at 4.56%.

5/1 ARM Mortgage Rate Explained

5/1 ARM is an adjustable rate mortgage where the interest rate on the loan and hence the payment of the loan stays the same during the first 5 years. After that the rate will change based on its "margin" and "index" . Above you will find 5/1 ARM refinance rates for national and local lenders in Tennessee. 

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