Compare Today’s Mortgage Rates for Memphis, Tennessee

Pureloan searches mortgage lenders and major banks in Memphis, Tennessee 38136 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $1,811 or $5 / month is expected in Memphis and other areas of Shelby county.

Pureloan’s search engine explores all home mortgage options in Memphis, Tennessee 38136, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Memphis, Tennessee 38136

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Memphis, TN

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Memphis, TN 38136, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Memphis, TN

Historical Mortgage Rates for Memphis, Tennessee 38136 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Memphis, Tennessee and around Shelby county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 85.50% 86.05% 84.80% 83.94% 87.10% 85.48% 86.92% 87.43%
avg mortgage rate 4.96% 4.67% 3.87% 3.93% 4.44% 4.07% 3.93% 4.13%
% 15 year fixed mortgage 13.00% 10.08% 11.20% 14.46% 10.17% 10.14% 10.42% 11.48%
avg mortgage rate 4.45% 3.89% 3.10% 3.03% 3.58% 3.31% 3.05% 3.38%
Avg credit score 760.67 760.85 759.89 760.20 750.60 750.55 746.15 750.21
Avg LTV (loan to value) 75.48% 76.10% 81.90% 82.10% 82.94% 83.25% 83.82% 83.02%
Avg DTI (debt to income) 30.74 30.09 29.94 31.19 31.58 31.04 32.70 33.11
% First time homebuyer 24.00% 22.48% 28.00% 27.71% 26.05% 17.97% 19.73% 19.13%
Avg mortgage insurance % 4.76% 6.29% 10.90% 11.28% 13.76% 13.77% 14.01% 12.34%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Memphis, Tennessee 38136

If you’re looking to buy a new home in Memphis, we have compiled a list of the leading mortgage brokers around Memphis, Tennessee 38136 to help you with your search.

Name
Address
Contact

Ted Lark Insurance

3610 Stonehenge Cv N

Memphis TN 38136

(901) 372-7800

Loan Processors USA

4553 Successful Ln

Memphis TN 38136

(901) 590-2153

Nu Place Lending

5050 Poplar Ave

Memphis TN 38136

(901) 507-9250

Tri-State Mortgage

5050 Poplar Ave

Memphis TN 38136

(901) 767-0205

Regions Mortgage

5100 Poplar Ave

Memphis TN 38136

(901) 580-5954

Address

3610 Stonehenge Cv N

Memphis TN

Contact

(901) 372-7800

Address

4553 Successful Ln

Memphis TN

Contact

(901) 590-2153

Address

5050 Poplar Ave

Memphis TN

Contact

(901) 507-9250

News on Mortgages and Reverse Mortgages for Memphis, Tennessee 38136