Mortgage Rates in Tennessee
If you are a Tennessee homeowner or if you are thinking of buying a home in this state it’s more than likely that the rate charged on mortgages is an area of concern for you. That’s expected because high-interest rates translate to higher mortgage payments while low- interest rates mean your payments will be lower. So what are the current mortgage rates in Tennessee?
All the types of loans are in fact looking very good; whether you are looking at 30-year vs. 15-year loans or conventional vs. government-insured loans. They all have interest rates that lie around the 2 and 3% ranges; which is pretty attractive for both homebuyers and homeowners who want to refinance. In fact, Tennessee is currently enjoying historic low-interest rates. There has never been a better time to buy or refinance.
That said, you should also know that mortgage rates in Tennessee are determined by very many factors. Whatever you will be charged might not necessarily be what the next borrower will be charged. Lenders usually look at things like your credit score, down payment, the type of mortgage you are taking and many others. If you want to know exactly what rate you will be charged, read on as we have covered that in detail in later sections. Alternatively, contact HomeRate Mortgage, and we will calculate your rates using your specific borrower profile.
Note that mortgage rates are usually negotiable. With a good mortgage company like HomeRate Mortgage, you can easily land your hands on a great deal that will help you save a lot of money. That is why we always encourage homebuyers and those seeking to refinance to apply directly through our website and enjoy exclusive Tennessee mortgage deals. Don’t miss out on this amazing chance.
Tennessee County Mortgage Service Areas