Tennessee Refinance Rates
Compare today's refi rates in Tennessee (TN). Updated 2026-04-28.
Avg. 30-Year Refi Rate
6.70%
State average · TN
Avg. 15-Year Refi Rate
5.94%
State average · TN
Est. Closing Costs
$4,800
Typical range in TN
Tennessee refi rates (6.70%) are 0.22% below the national average (6.92%). Source: FRED · Updated 2026-04-28.
Top Refi Lenders in Tennessee (12)
30yr: 6.305%15yr: 5.555%Cash-out: 6.555%
30yr: 6.305%15yr: 5.555%Cash-out: 6.430%
30yr: 6.380%15yr: 5.630%Cash-out: 6.580%
30yr: 6.420%15yr: 5.680%Cash-out: 6.680%
30yr: 6.430%15yr: 5.680%Cash-out: 6.680%
Refinancing Tips for Tennessee Homeowners
- • Average closing costs in TN are approximately $4,800 — factor this into your break-even calculation.
- • With a 30-year refi rate of 6.70%, homeowners who locked in rates above 7.5% may save significantly by refinancing.
- • Tennessee has no special state tax on mortgage refinancing — check with your tax advisor for deductibility of points and fees.
- • VA IRRRL and FHA streamline refinances require less documentation and no new appraisal in most cases, making them faster to close.
FAQ: Refinancing in Tennessee
What is the average refinance rate in Tennessee?+
The average 30-year refinance rate in Tennessee is approximately 6.7%, compared to the national average of 6.92%.
How much are refinance closing costs in Tennessee?+
Estimated refinance closing costs in Tennessee are approximately $4,800. This typically includes origination fees, appraisal, title insurance, and government recording fees.
How long does it take to refinance in Tennessee?+
A typical refinance in Tennessee takes 30-45 days from application to closing. VA IRRRL and FHA streamline refinances may close faster due to reduced documentation requirements.