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Arkansas

Current Arkansas Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Arkansas. Review free, personalized mortgage rates for Arkansas based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Arkansas. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Arkansas as of December 9, 2019
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Get Personalized Mortgage Quotes for Arkansas

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Arkansas Mortgage Rates Compare?

December 9, 2019

The current average rate for a 30 year fixed rate mortgage in Arkansas is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Arkansas Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Arkansas?

The median home value for Arkansas is $134,820

The median household income for Arkansas is $46,330

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Arkansas is $25,013

The home price you can afford to buy based on household income in Arkansas is 185% of the median home value which means housing prices are super affordable. Arkansas ranks 9 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Arkansas is super affordable

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Additional Mortgage Resources for Arkansas Residents

Mortgage Rates for Arkansas Cities

Benton Mortgage Rates

Cabot Mortgage Rates

Conway Mortgage Rates

Fayetteville Mortgage Rates

Fort Smith Mortgage Rates

Hot Springs Mortgage Rates

Jonesboro Mortgage Rates

Little Rock Mortgage Rates

Searcy Mortgage Rates

Springdale Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index