Tennessee Mortgage and Refinance Rates

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Current Tennessee Mortgage Rates

Average market rates for 11-29-2023 in Tennessee are 7.312% for 30 Year Fixed Purchase and 7.431% for 30 Year Fixed Refinance

DateProductRate
11-28-202330 Year Fixed Purchase7.312%
11-28-202330 Year Fixed Refinance7.431%

Tennessee Purchase Rates

DateProductRate
11-28-202315 Year Fixed Purchase6.547%
11-28-202315 Year fixed Jumbo Purchase7.138%
11-28-202330 Year Fixed Purchase7.312%
11-28-202330 Year Fixed Jumbo Purchase7.78%

Tennessee Refinance Rates

DateProductRate
11-28-202315 Year Fixed Refinance6.537%
11-28-202315 Year fixed Jumbo Refinance7.148%
11-28-202330 Year Fixed Refinance7.431%
11-28-202330 Year Fixed Jumbo Refinance7.926%

Tennessee ARM Rates

DateProductRate
11-28-20235/6 ARM SOFR Purchase7.364%
11-28-20235/6 ARM SOFR Refinance7.418%
11-28-20235/6 ARM Jumbo SOFR Purchase6.863%
11-28-20235/6 ARM Jumbo SOFR Refinance6.888%

How we source rates and rate trends

Most Common Mortgage Types in Tennessee

  • Conventional: 67,968 loans
  • VA: 10,455 loans
  • FHA: 13,457 loans
  • USDA: 2,810 loans

Top Purchase Lenders in Tennessee by Volume

  • Mortgage Investors Group, Inc.: 5,139 loans
  • Rocket Mortgage, LLC: 3,447 loans
  • Mortgage Research Center, LLC: 2,844 loans
  • Movement Mortgage, LLC: 2,828 loans
  • Cmg Mortgage, Inc.: 2,546 loans
  • First Community Mortgage, Inc.: 2,507 loans
  • Firstbank: 2,280 loans
  • Regions Bank: 1,753 loans
  • Loandepot.com, LLC: 1,730 loans
  • Pinnacle Bank: 1,728 loans

Top Refinance Lenders in Tennessee by Volume

  • Regions Bank: 1,330 loans
  • First Horizon Bank: 1,025 loans
  • Rocket Mortgage, LLC: 997 loans
  • U.S. Bank: 739 loans
  • Pennymac Loan Services, LLC: 542 loans
  • Firstbank: 498 loans
  • Truist Bank: 489 loans
  • Unknown: 480 loans
  • Cadence Bank: 441 loans
  • Wilson Bank And Trust: 364 loans

Top Cash-Out Refinance Lenders in Tennessee by Volume

  • Rocket Mortgage, LLC: 7,727 loans
  • Loandepot.com, LLC: 1,844 loans
  • Freedom Mortgage Corporation: 1,620 loans
  • Pennymac Loan Services, LLC: 1,532 loans
  • Nationstar Mortgage LLC: 1,472 loans
  • Amerisave Mortgage Corporation: 915 loans
  • Wells Fargo Bank: 801 loans
  • Ascend Federal Credit Union: 757 loans
  • Knoxville Tva Employees Credit Union: 691 loans
  • First Community Mortgage, Inc.: 684 loans

How we source lender data

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