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7/1 ARM Mortgage Rates in Tennessee

Updated: September 20, 2018

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

PRODUCTS RATES +/-
30 Year Fixed 5.19%
15 Year Fixed 3.63%
5/1 ARM 3.88%
Thursday, September 20, 2018

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Mortgage rates for Tennessee go up to 5.19%

Thursday, September 20, 2018

Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 5.19%. That increased from 5.12% to 5.19%. The 15-year fixed rates are now at 3.63%. The 5/1 ARM mortgage for Tennessee is now at 3.88%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 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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