Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.37% during the week ended Oct. 4 from 6.42% the prior week. Interest on 15-year fixed rate mortgages fell to 6.03% from 6.09% over the same time span. Meanwhile, the one-year adjustable mortgage rate slipped to 5.58% from 5.6%, and the five-year hybrid adjustable rate declined to 6.11% from 6.15%. This marks the first decrease in Nashville mortgage rates in three weeks and is not expected to be the last decrease this month.
If you enjoyed this post, you may also enjoy:
Mortgage Rates Hold Steady & Low
Nashville Mortgage Update: Rates Dropping Like a Rock!
Nashville Mortgage Rates Hit Two-Year Low!