Mortgage Rates

NEW Susan Gregory Footer


This year, mortgage rates have been on a bit of a rollercoaster. At the beginning of the year, rates, fell from the previous year to hang around 4.2% across the board. This decrease was still much higher than expected as it was the first time in several years that the rate started above 4%. From January to March, rates rose steadily with March rates averaging around 4.25%. In our local area, most lenders were a bit higher with rates averaging around 4.35%. April and May was somewhat of a rollercoaster but did bring down the mortgage rates nationally.

Thus far, June has brought the lowest rates yet with the market weakness and the expected drama from the Comey trial, but this last week rose slightly higher as the drama fell flat.

“In general, rates found most of their motivation from the absence of significant drama in this week’s Comey hearing. Despite the modest increase, conventional 30yr fixed rates are still very close to their best levels of the year,” reports

It is still among the lowest rates of the year sitting just above 4% at 4.01%. The overall average with lenders nationally has dropped to average between 3.875% and 4.00% on the 30 yr fixed mortgage.

Locally, though, the national dip in rates has brought slightly lower rates to some, but most don’t reflect the national lows. Here’s a few local mortgage rates, according to, based on a 30-year fixed rate with a loan of $300,000:


Bank Rate
Regions Bank 4.277%
Community First Bank and Trust 4.028%
Wilson Bank and Trust 4.145%
Citizens Bank 4.153%
Pinnacle National Bank 4.022%