Nashville mortgage rates and luxury real estate trends

Mortgage rates in Nashville eased during the week ending August 14, 2026, following lower-than-expected inflation data. The 30-year fixed mortgage rate averaged 6.67%, a decrease of 2 basis points from the previous week, while the 15-year fixed rate dropped 5 basis points to an average of 5.96%.

These declines moved both rates off the one-year highs recorded the prior week. In the local real estate market, luxury properties in Davidson County are seeing activity in the $2 million to $12 million plus range, with verified data indicating significant sales volume in the high-end sector.