Mortgage rates for Tennessee
go up to 4.21%
Wednesday, April 26, 2017
Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 4.21%.
That increased from 3.94% to 4.21%.
The 15-year fixed rates are now at 3.31%. The 5/1 ARM mortgage for Tennessee is now at 3.40%.
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.