Current Mortgage Rates in Memphis, Tennessee

Monday, October 13, 2008



Current Mortgage Rates*

Loan Type
Memphis Average
30-yr. fixed6.00%
15-yr. fixed5.50%
5/1 ARM6.00%
3/1 ARM5.88%
FHA Mortgage6.00%
Fixed Rate Mortgage6.88%
VA Mortgage6.00%
*Mortgage Rates Updated: 10/07/2008

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Current Mortgage Rates in Memphis, Tennessee

Memphis 30-yr. fixed Mortgage Rates Memphis 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.62%6.68%0.00Citibank7.75%7.79%0.12
Bank of America6.38%6.50%0.92Bank of America7.12%7.26%1.17
Wells Fargo6.62%6.68%0.25Wells Fargo7.25%7.29%0.12
Chase6.50%6.59%0.25Chase7.12%7.16%0.12
Fifth Third Bank6.40%6.47%0.36 
Memphis 15-yr. fixed Mortgage Rates Memphis 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.25%6.37%0.25Bank of America7.62%7.82%1.00
Bank of America6.12%6.32%0.90Wells Fargo7.12%7.17%0.12
Wells Fargo6.25%6.35%0.25Chase7.00%7.05%0.12
Chase6.38%6.47%0.12 
Fifth Third Bank5.86%5.98%0.38 
Memphis 7/1 ARM Mortgage Rates Memphis 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.88%7.10%0.12Citibank7.12%7.19%0.00
Chase6.62%6.98%0.12Chase6.75%7.02%0.12
Memphis 5/1 ARM Mortgage Rates Memphis 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.08%0.00Citibank7.25%7.25%0.00
Bank of America6.00%6.84%1.08Bank of America6.75%7.10%0.95
Wells Fargo6.50%6.78%0.12Wells Fargo7.75%7.09%0.12
Chase6.25%6.90%0.12Chase7.00%7.18%0.12
Fifth Third Bank6.20%5.99%0.28 
Memphis 3/1 ARM Mortgage Rates Memphis 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.14%0.00Citibank7.75%7.39%0.00
Bank of America6.00%7.06%1.09Bank of America7.00%7.35%1.08
Wells Fargo7.50%6.97%0.12Wells Fargo8.25%7.08%0.25
Chase6.88%7.33%0.00Chase7.12%7.38%0.25
Fifth Third Bank5.78%5.82%0.25 

Boatmen's Bank of Tennessee, 196-204 Madison Avenue, Memphis Tennessee 38101
Community Bank, 6465 Quail Hollow Road, Memphis Tennessee 38137
Concord Efs National Bank, 2525 Horizon Lake Drive, Suite 120, Memphis Tennessee 38133
Enterprise National Bank, 6075 Poplar Avenue, Suite 120, Memphis Tennessee 38119
Financial Federal Savings Bank, 6305 Humphreys Boulevard, Suite 100, Memphis Tennessee 38120
First American Bank, 44 North 2nd Street, Memphis Tennessee 38101
First American National Bank of Memphis, 4894 Poplar Avenue, Memphis Tennessee 38117
First City National Bank, 1000 Brookfield, Memphis Tennessee 38119
First Commercial Bank, of Memphis, 6263 Poplar Avenue, Memphis Tennessee 38119
First Commercial Bank, of Memphis, 6263 Poplar Avenue, Memphis Tennessee 38119
First Tennessee Bank, 165 Madison Avenue, Memphis Tennessee 38101
First Trust Bank For Savings, 6525 Quail Hollow Road, Memphis Tennessee 38120
Guaranty Trust Savings and Loan Association, 72 Madison Avenue, Memphis Tennessee 38103
Home Federal Savings and Loan Association, 100 N Main Building, Memphis Tennessee 38103
Independent Bank, 5050 Poplar Avenue, Memphis Tennessee 38157
Insouth Bank of Shelby County, 6141 Walnut Grove Road, Memphis Tennessee 38120
Leader Federal Bank For Savings, 158 Madison Avenue, Memphis Tennessee 38103
Memphisfirst Community Bank, 4230 Elvis Presley Boulevard, Suite 100, Memphis Tennessee 38116
National Bank of Commerce, 1 Commerce Square, Memphis Tennessee 38150
Nbc Bank, One Commerce Square, Memphis Tennessee 38150
Paragon National Bank, 6300 Poplar Avenue, Suite 117, Memphis Tennessee 38119
Sovran Bank/memphis, 5270 Poplar Avenue, Memphis Tennessee 38101
The Munford Union Bank, 6000 Poplar Avenue, Suite 200, Memphis Tennessee 38119
Third National Bank In Memphis, One River Center, Memphis Tennessee 38103
Tri-state Bank of Memphis, 180 South Main Street At Beale, Memphis Tennessee 38101
Trust One Bank, 1715 Aaron Brenner Drive, Memphis Tennessee 38120
Union Planters Bank, 6200 Poplar Avenue, Memphis Tennessee 38119
Union Planters Bank, 6200 Poplar Avenue, Memphis Tennessee 38119
United American Bank of Memphis, 5384 Poplar Avenue, Memphis Tennessee 38101

American Savings, 3048 Harvester Lane, Memphis TN 38127 (901) 358-4496
Binsy, 322 South Hollywood Street, Memphis TN 38104 (901) 324-3921
Bulab Employees, 1256 North Mclean Blvd, Memphis TN 38108 (901) 272-8325
City of Memphis, 2608 Avery Avenue, Memphis TN 38112 (901) 321-1200
Delta Refining Co Employees, 543 West Mallory, Memphis TN 38109 (901) 775-8814
Dupont Memphis Plant Employees, P.O. Box 27321, Memphis TN 38167 (901) 358-3796
Elec Workers Union 474 Ibew, 1896 Madison Ave, Memphis TN 38104 (901) 725-9180
F A A, P.O. Box 18178, Memphis TN 38181 (901) 366-0066
Federal Building, 167 North Main ST., STE. 102, Memphis TN 38103 (901) 526-6771
Fedex Employees Credit Association, 2124 Democrat Road, Memphis TN 38132 (901) 344-2500
Gate Gourmet Employees, 5100 Poplar Ave, Memphis TN 38137 (901) 766-3600
Healthnet, 50 Humphreys BLVD., Suite 33, Memphis TN 38120-2333 (901) 226-1111
Hospitality, 5100 Poplar Avenue, Suite 214, Memphis TN 38137 (901) 684-7250
I Trust, P.O. Box 18357, Memphis TN 38181 (901) 362-7211
Illinois Central Employees, 2005 Nonconnah BLVD. Suite 7, Memphis TN 38132 (901) 332-2686
Imani, 3034 Austin Peay Highway, BLDG. Gic, Memphis TN 38128 (901) 274-6711
John Deere Employees, 3003 Airways BLVD., Suite #709, Memphis TN 38131 (901) 345-5548
Kellogg Memphis Employees, 2168 Frisco Avenue, Memphis TN 38114 (901) 745-9879
Kemba Delta, 4095 American Way #10, Memphis TN 38118 (901) 795-9055
Kennedy Va Employees, 1030 Jefferson Ave, Memphis TN 38104 (901) 523-8990
Kimberly Clark, 1520 N Second St, Memphis TN 38107 (901) 521-4646
L G & W, 5619 Murray RD. , Memphis TN 38119 (901) 680-7995
Langston Bag CO. Employees Savings Association, P. O. Box 60, Memphis TN 38101 (901) 774-4440
Memphis Air Reserve, P. O. Box 18231, Memphis TN 38181 (901) 362-9612
Memphis Area Teachers', 7845 Highway 64, Memphis TN 38133 (901) 385-5200
Memphis Christian Benev Lodge, 2458 Park Avenue, Memphis TN 38114 (901) 327-9797
Memphis Municipal Employees, 577 Linden Avenue, Memphis TN 38126 (901) 528-2822
Memphis Publishing CO. Employees', 495 Union Avenue, Memphis TN 38103 (901) 529-2760
Methodist Healthcare, P.O. Box 41056, Memphis TN 38174 (901) 516-8594
Olivet Baptist, 3084 Southern Avenue, Memphis TN 38111 (901) 454-7777
Parcel Employees, 3385 Airways BLVD. Suite 133`, Memphis TN 38116 (901) 396-2132
Postal Employees, 584 South Third St, Memphis TN 38126 (901) 526-5011
Quaker Oats Employees, 3324 Chelsea Ave, Memphis TN 38108 (901) 320-4098
Sears, P.O. Box 22386, Memphis TN 38122 (901) 682-5626
Securtrust, 6555 Quince Road, Ste 307, Memphis TN 38119 (901) 751-2097
Shelby County Employees, 157 Poplar Suite 401, Memphis TN 38103 (901) 545-4414
Smith & Nephew Employees, 1450 E Brooks Road, Memphis TN 38116 (901) 399-6418
Southern Security, P. O. Box 22365, Memphis TN 38122-0365 (901) 452-7900
Tva Allen Steam Plant, 2574 Plant Road, Memphis TN 38109 (901) 789-8427

Mortgage Statistics for Memphis, Tennessee

  Memphis Tennessee USA
Population:
Population - The population of Memphis, TN
 729,226 5,681,673 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Memphis mortgage.
 279,044 4,527,914 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Memphis mortgage.
 420,631 921,219 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Memphis mortgage.
 20,455 122,798 34,671,551
HouseHolds:
HouseHolds - The total number of households in Memphis, TN, where you might buy a home.
 298,961 2,437,565 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Memphis, where you might apply for a Memphis mortgage.
 2 2 2
Average House Value:
Average House Value - The average house value in Memphis, TN
 $83,990 $93,711 $132,188
Income per Household:
Income per Household - The household income where you might compare Memphis mortgage interest rates.
 $35,910 $37,678 $43,800

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