If you’re planning to buy or refinance a home in Tennessee, especially in Knoxville or nearby cities, understanding the latest trends in 30-year mortgage rates is key to making the best financial decisions. Mortgage rates impact your monthly payments and overall affordability — so staying informed can give you an edge in this competitive market.

Why 30-Year Mortgage Rates Matter in Tennessee

A 30-year fixed mortgage is the most popular home loan in Tennessee because it offers steady monthly payments over a long period. While these rates are influenced by national economic factors like inflation and Federal Reserve policies, local housing demand and lender competition also play a role in Tennessee.

Even small changes in mortgage rates can mean big differences in what you pay each month — especially in growing markets like Knoxville, Murfreesboro, and Chattanooga.

What’s Happening with Tennessee Mortgage Rates Now?

In 2025, mortgage rates have shifted somewhat from the historic lows seen during the pandemic. Inflation concerns and national economic policies have pushed rates higher, but Tennessee buyers still benefit from competitive lending options and strong local markets.

Key things to consider:

• Rates can change daily based on economic conditions and lender decisions.
  

• Tennessee’s booming real estate markets keep competition among lenders high.
  

• Locking in a rate sooner may protect you from future increases.

Tips for Tennessee Homebuyers and Refinancers

• Shop around for rates with multiple Tennessee lenders.
  

• Keep your credit score in good shape for the best offers.
  

• Consider locking your mortgage rate if rates are trending up.
  

• Partner with local real estate and mortgage experts who understand the Tennessee market.
  

Want to Dive Deeper?

For a detailed breakdown of current 30-year mortgage rate trends and how they’re shaped by economic factors, you can check out the original Fannie Mae blog post here: https://www.fanniemae.com/research-and-insights/publications/housing-insights/rate-30-year-mortgage

Understanding these insights can help you make confident decisions on your Tennessee home journey!

Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, tax, or legal advice. We are not lawyers, financial advisors, accountants, loan officers, or mortgage brokers. Please consult with a qualified professional to understand your specific needs.