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June 2025 Home Buying Interest Rate In Upper East TN

Dated: June 5 2025

Views: 495

As of Thursday, June 5, 2025, here's a general overview of home buying interest rates in Upper East Tennessee:
  • Average Tennessee Rates:
    • 30-year fixed mortgage: 7.06%
    • 15-year fixed mortgage: 6.69%
  • Specific Area Rates (APR):
    • Kingsport, TN:
      • 30-year fixed-rate: 7.019%
      • 15-year fixed-rate: 6.026%
      • 5-year adjustable-rate mortgage (ARM): 7.468%
    • Knoxville, TN:
      • 30-year fixed-rate: 7.066%
      • 15-year fixed-rate: 6.051%
      • 5-year adjustable-rate mortgage (ARM): 7.057%
    • Johnson City, TN:
      • 30-year fixed-rate: 7.034%
      • 15-year fixed-rate: 6.048%
      • 5-year adjustable-rate mortgage (ARM): 7.365%
    • Chattanooga, TN:
      • 30-year fixed-rate: 6.876%
      • 15-year fixed-rate: 5.971%
      • 5-year adjustable-rate mortgage (ARM): 7.282%
Important Considerations:
  • These are average rates (APR) and can vary based on your individual circumstances, including your credit score, down payment, loan type, and the lender you choose.
  • Mortgage rates are subject to change without notice.
  • To secure the best rate, it's recommended to compare offers from multiple lenders.
  • The annual percentage rate (APR) is the true yearly cost of your loan and includes fees in addition to the interest rate.
Note: Some results mentioned a drop in the national average 30-year fixed mortgage APR compared to yesterday (June 4, 2025). However, the Bankrate data states the average rate for Tennessee is 7.06% as of today, June 5, 2025. These slight variations likely reflect minor fluctuations in the market.
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John Wagner

John is a dedicated real estate professional serving the Tri-Cities of Northeast Tennessee.John was born and raised in Kingsport, Tennessee, and is a graduate of Sullivan Central High School. Although....

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