Tennessee (TN) Mortgage Rates Today
Track mortgage interest rates in Tennessee. Current data, local market context, and a payment calculator for TN homebuyers.
Tennessee Housing Market Overview
Tennessee has no state income tax, fueling strong in-migration to Nashville and Knoxville. Prices have appreciated quickly but remain below coastal norms.
Mortgage rates in Tennessee generally track the national average, with variations based on local lender competition, state-specific programs for first-time buyers, and regional economic conditions. The Nashville metro area typically represents the most active housing market in the state.
Tennessee Mortgage Calculator
Mortgage Calculator
Estimate only. Does not include taxes, insurance, PMI, or HOA fees.
Frequently Asked Questions
What is the average mortgage rate in Tennessee?
The average 30-year fixed mortgage rate in Tennessee is approximately 6.78%. Actual rates depend on your credit score, down payment, loan amount, and lender.
What is the median home price in Tennessee?
The median home price in Tennessee is approximately $325,000. This varies significantly by city and region within the state.
How do TN mortgage rates compare to the national average?
Tennessee mortgage rates are generally close to the national average but can vary based on local lender competition, state regulations, and property tax levels.
Should I buy a home in Tennessee now?
The decision to buy depends on your personal finances, job stability, and how long you plan to stay. Tennessee's housing market has its own dynamics. Consult a local real estate professional.