Compare mortgage rates and fees for leading lenders in Murfreesboro, TN. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Murfreesboro.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Murfreesboro. Plus, shopping lenders is free and there is no obligation.
November 11, 2019
The current average rate for a 30 year fixed rate mortgage in Murfreesboro is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Murfreesboro, TN (Rutherford County) is $243,675
The median household income for Murfreesboro, TN (Rutherford County) is $64,049
Based on current mortgage rates and a 10% down payment, you need to make $45,209 per year to buy the median priced home in Murfreesboro
The home price you can afford to buy based on household income in Murfreesboro is 142% of the median home value which means housing prices are average
Murfreesboro (Rutherford County) ranks 87 out of 95 counties in Tennessee and 2,655 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Murfreesboro, TN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Murfreesboro (Rutherford County) below.
Conforming loan limits for Murfreesboro, TN
FHA loan limits for Murfreesboro, TN
VA loan limits for Murfreesboro, TN
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index