Check out the latest average mortgage rates in Tennessee for conventional and non-conventional mortgages. You can compare them to current national rates as well as historical interest rates for both Tennessee and the United States.
| Mortgage Type | Avg. TN Rate | Weekly +/- | National Rate |
| 30-Year Fixed | 4.25% | – | 3.60% |
| 15-Year Fixed | 3.38% | – | 3.05% |
| 30-Year 5/1 ARM | 3.88% | – | 3.36% |
| 30-Year 3/1 ARM | 3.81% | – | – |
| 30-Year 7/1 ARM | 3.99% | – | – |
| 30-Year 10/1 ARM | 4.05% | – | – |
Note: Rates are updated weekly. Last update: 9/03/2019
Source: Consumer Financial Protection Bureau, Federal Reserve Bank of St. Louis
| Mortgage Type | Avg. TN Rate | Weekly +/- |
| FHA 30-Year Fixed | 3.81% | – |
| FHA 15-Year Fixed | 3.81% | – |
| VA 30-Year Fixed | 3.83% | – |
| VA 15-Year Fixed | 3.80% | – |
Note: Rates are updated weekly. Last update: 9/03/2019
Source: Consumer Financial Protection Bureau
| Mortgage Type | Monthly Payment | Interest Paid | Total Cost |
| 30-Year Fixed | $570 | $89,478 | $241,218 |
| 15-Year Fixed | $822 | $32,274 | $184,014 |
| 30-Year 5/1 ARM | $541 | $78,882 | $230,622 |
| 30-Year 3/1 ARM | $576 | $91,680 | $243,402 |
| 30-Year 7/1 ARM | $552 | $82,942 | $234,682 |
| 30-Year 10/1 ARM | $555 | $84,144 | $235,884 |
| FHA 30-Year Fixed | $538 | $77,934 | $229,674 |
| FHA 15-Year Fixed | $837 | $34,938 | $186,678 |
| VA 30-Year Fixed | $532 | $75,808 | $227,548 |
| VA 15-Year Fixed | $841 | $35,557 | $187,297 |
Notes: Tennessee median home value assumed to be $151,740. Projected ARM cost may not reflect actual cost after rate adjustments are made.
Sources: Zillow Economic Data, Consumer Financial Protection Bureau, LendEDU Mortgage Calculator
Source: Federal Housing Finance Agency Monthly Interest Rate Survey
Note: Adjustable mortgage rates excluded due to inefficient data.
Source: Freddie Mac
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