Current Mortgage Rates in Murfreesboro, Tennessee

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.

Mortgage Rates in Murfreesboro, TN as of November 11, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Murfreesboro, TN Mortgage Rates Compare?

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%

Mortgage Program
Murfreesboro, TN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Murfreesboro, Tennessee?

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


Loan Limits for Murfreesboro, Tennessee

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

1 unit: $534,750
2 units: $684,550
3 units: $827,500
4 units: $1,028,350

FHA loan limits for Murfreesboro, TN

1 unit: $534,750
2 units: $684,550
3 units: $827,500
4 units: $1,028,350

VA loan limits for Murfreesboro, TN

1 unit: $534,750

Additional Mortgage Resources for Murfreesboro, TN Residents

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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