Compare Today’s Mortgage Rates in Tupelo, Mississippi 38803

Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Tupelo, Mississippi 38803.

Our search engine thoroughly explores all home mortgage options in Tupelo, Mississippi 38803, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $7,185 in lifetime cash or $20 per month in Tupelo and other areas of Lee county.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

34.2519 -88.7463 16512

Summary of Average Mortgages in Tupelo, Mississippi 38803

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Tupelo, Mississippi 38803

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Tupelo, MS 38803. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Tupelo, Mississippi 38803

Tupelo is a city in and the county seat of Lee County, Mississippi, United States. With an estimated population of 38,300, Tupelo is the sixth-largest city in Mississippi and is considered a commercial, industrial, and cultural hub of North Mississippi.

Tupelo was incorporated in 1866. Read more

Tupelo is a city in and the county seat of Lee County, Mississippi, United States. With an estimated population of 38,300, Tupelo is the sixth-largest city in Mississippi and is considered a commercial, industrial, and cultural hub of North Mississippi.

Tupelo was incorporated in 1866. The area had earlier been settled as "Gum Pond" along the Mobile and Ohio Railroad. On February 7, 1934, Tupelo became the first city to receive power from the Tennessee Valley Authority, thus giving it the nickname "The First TVA City". Much of the city was devastated by a major tornado in 1936 that still ranks as one of the deadliest tornadoes in American history. Following electrification, Tupelo boomed as a regional manufacturing and distribution center and was once considered a hub of the American furniture manufacturing industry. Although many of Tupelo's manufacturing industries have declined since the 1990s, the city has continued to grow due to strong healthcare, retail, and financial service industries. Tupelo is the smallest city in the United States that is the headquarters of more than one bank with over $10 billion in assets.Tupelo has a deep connection to Mississippi's music history, being known as the birthplace of Elvis Presley and Diplo as well as the origin of the group Rae Sremmurd. The city is home to multiple art and cultural institutions, including the Elvis Presley Birthplace and the 10,000-seat Cadence Bank Arena, the largest multipurpose indoor arena in Mississippi. Tupelo is the only city in the Southern United States to be named an All-America City five times, most recently in 2015. Its Main Street program, Downtown Tupelo Main Street Association, was the winner of the national Main Street's Great American Main Street Award in 2020.

The Tupelo micropolitian area contains Lee, Itawamba, and Pontotoc counties and had a population of 140,081 in 2017. Read less

Historical Mortgage Rates in Tupelo, Mississippi 38803 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Tupelo, Mississippi and around Lee county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 89.71% 90.00% 87.80% 88.57% 85.25% 82.56% 79.14% 80.95% 82.61%
avg mortgage rate 6.64% 4.78% 3.06% 3.44% 4.42% 4.67% 4.21% 3.93% 4.11%
% 15 year fixed mortgage 10.29% 8.33% 9.55% 10.00% 11.98% 15.12% 12.95% 15.48% 14.13%
avg mortgage rate 5.95% 3.54% 2.41% 2.87% 3.74% 3.99% 3.19% 3.37% 3.32%
Avg credit score 736.24 746.67 745.30 748.83 747.14 743.19 748.27 733.39 747.25
Avg LTV (loan to value) 80.54% 84.60% 83.68% 85.39% 83.87% 84.03% 81.91% 82.69% 83.75%
Avg DTI (debt to income) 36.34 34.44 32.22 31.05 31.75 34.01 31.95 32.87 30.53
% First time homebuyer 38.24% 31.00% 25.73% 28.93% 26.73% 25.00% 19.42% 22.62% 27.17%
Avg mortgage insurance % 14.28% 14.89% 15.06% 17.15% 15.00% 15.79% 11.45% 13.36% 13.91%

Source: Financial Report of the US Government

Best Mortgage Brokers around Tupelo, Mississippi 38803

For those searching for a new home in Tupelo, we have compiled a list of the top mortgage brokers located in and around Tupelo, Mississippi 38803 to assist you with your search.

Name
Address
Contact

Public Finance

536 W Main St

Tupelo MS 38803

(662) 840-5575

Mississippi Mortgage

100 Rankin Blvd

Tupelo MS 38803

(662) 840-1187

E-Z Cash-N-Pawn

608 N Gloster St

Tupelo MS 38803

(662) 844-2346

Hometown Lenders

339 N Green St

Tupelo MS 38803

(662) 269-2440

Easy Finance

605 W Main St

Tupelo MS 38803

(662) 844-9684

info@easyfinance4all.co.uk

Address

536 W Main St

Tupelo MS

Contact

(662) 840-5575

Address

100 Rankin Blvd

Tupelo MS

Contact

(662) 840-1187

Address

608 N Gloster St

Tupelo MS

Contact

(662) 844-2346

News on Mortgages and Reverse Mortgages for Tupelo, Mississippi 38803

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