Mortgage rates didn’t necessarily improve Friday–some lenders were worse-off actually–but merely holding steady on average, rates are ending the week at their best levels since at least January 2015. Some lenders are at their best end-of-week rates in nearly 3 years. To be clear though, rates were definitely lower on February 10th and 11th of this year, but neither was a Friday. They were, in fact, a Wednesday and Thursday, meaning that they largely went uncounted by Freddie Mac’s weekly rate survey. As such, the news is rife with articles proclaiming the lowest rates of the year this week, even though that’s not exactly the case.
Still, rates are pretty darn low, with the average lender continuing to quote conventional 30yr fixed rates of 3.625% on top tier scenarios. Several lenders continue offering 3.5% and a few are still up at 3.75%, but the outliers are just that.
Get a look at national mortgage interest rates and a week-by-week comparison from First Community Mortgage of Franklin:
Some of the latest, local mortgage rates according to Bankrate.com are:
| Bank | Rate |
| Regions | 3.776% |
| Wilson Bank & Trust | 3.770% |
| Cadence | 3.784% |
| Citizens Bank | 3.775% |
| First South | 3.643% |
* The above mortgage loan information is provided to, or obtained by, Bankrate. The rate is based on 30 year fixed rate mortgage and a loan of $300,000. Rates change often an your personal rate may differ from the above number based on your qualifications. To see more rates from Bankrate, click here.
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