Mortgage Rates Hold Steady & Low

Mortgage Rates Hold Steady & LowGrant HammondFebruary 4, 2009April 25, 2026

Freddie Mac reports a drop in the 30-year fixed Nashville mortgage rate to 5.10% during the week ended January 29 from 5.12% the prior week, while the 15-year fixed rate held steady at 4.80%. Meanwhile, interest on five-year adjustable-rate mortgages rose to 5.27% from 5.24%; and the one-year ARM slipped to 4.90% from 4.92%. Nashville mortgage rates are thought to be on the decline until the early to mid summer months.

Grant Hammond

Grant Hammond is a Nashville real estate broker at Compass RE, Broker, ABR, SFR, ePRO, with 25 years of experience and over $1 billion in career sales across three practice areas: approximately $200M in luxury home sales above $1.5M (100 transactions), 350+ downtown Nashville high-rise condominium transactions, and 550+ Airbnb and short-term rental transactions in Davidson County. He has received the Greater Nashville REALTORS Diamond Elite Award of Excellence 9 times and personally owns more than 20 non-owner-occupied short-term rental townhomes within three miles of downtown Nashville. He co-founded Summit Property Management in 2008, scaled it to over 350 units, and sold the company in 2013. His market analysis has been cited by the Wall Street Journal, the Los Angeles Times, The Tennessean, and the Nashville Business Journal. He holds Tennessee Broker License #261980.