Current Mortgage Rates in Tennessee

Tuesday, October 14, 2008



Current Mortgage Rates*

Loan Type
Tennessee Average
30-yr. fixed6.25%
30-yr. fixed jumbo7.88%
15-yr. fixed5.88%
15-yr. fixed jumbo7.25%
7/1 ARM6.50%
7/1 ARM jumbo7.50%
5/1 ARM6.38%
5/1 ARM jumbo7.12%
3/1 ARM6.12%
3/1 ARM jumbo6.75%
1-yr. ARM5.12%
1-yr. ARM jumbo5.38%
1-yr. LIBOR ARM6.25%
*Mortgage Rates Updated: 10/12/2008

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Current Mortgage Rates in Tennessee

Tennessee 30-yr. fixed Mortgage Rates Tennessee 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.00%7.30%1.88Citibank7.38%7.47%0.19
Bank of America6.59%6.74%0.82Bank of America7.45%7.71%1.82
Wachovia6.22%6.36%0.72Wells Fargo9.35%9.41%0.25
Wells Fargo6.43%6.50%0.23Chase7.73%7.79%0.17
Chase6.34%6.42%0.08 
Fifth Third Bank6.38%6.45%0.35 
Tennessee 15-yr. fixed Mortgage Rates Tennessee 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.05%7.94%4.69Citibank6.75%6.89%0.00
Bank of America6.22%6.49%0.96Bank of America7.30%7.68%1.52
Wachovia5.73%5.99%0.83Wells Fargo8.03%8.15%0.40
Wells Fargo6.17%6.30%0.32Chase6.75%6.82%0.06
Chase6.35%6.48%0.07 
Fifth Third Bank5.86%5.98%0.37 
Tennessee 7/1 ARM Mortgage Rates Tennessee 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.69%7.15%0.19Citibank7.06%7.32%0.00
Bank of America6.48%6.47%1.02Bank of America6.88%7.36%0.48
Wachovia5.85%5.90%0.55Wells Fargo8.58%7.57%0.26
Wells Fargo7.26%6.84%0.16Chase7.98%7.42%0.33
Chase6.83%6.47%0.05 
Tennessee 5/1 ARM Mortgage Rates Tennessee 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.56%7.18%0.06Citibank7.06%7.36%0.00
Bank of America6.44%6.19%0.89Bank of America8.07%6.65%1.05
Wells Fargo7.00%6.64%0.23Wells Fargo7.85%6.90%0.32
Chase6.73%6.32%0.04Chase7.69%6.70%0.00
Fifth Third Bank6.23%6.03%0.29 
Tennessee 3/1 ARM Mortgage Rates Tennessee 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.69%7.33%0.00Citibank7.38%7.50%0.00
Bank of America6.12%6.26%0.93Bank of America6.94%7.48%0.58
Wachovia5.59%5.65%0.45Wells Fargo7.50%7.30%0.19
Wells Fargo6.94%7.20%0.12Chase6.94%7.40%0.12
Chase6.81%7.35%0.00 
Fifth Third Bank5.83%5.87%0.25 
Tennessee 1-yr. ARM Mortgage Rates Tennessee 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase7.12%7.62%0.00
Chase6.12%7.53%0.12 

Current Mortgage Rates by City

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Mortgage Statistics for Tennessee

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