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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 September 18, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Arkansas Mortgage Rates Compare?

September 18, 2020

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%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Arkansas?

Below we offer valuable insights on the housing market and real estate prices in Arkansas. Understand how much you need to make to buy a house in Arkansas, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Arkansas is affordable for you. We provide this helpful information to help you decide if living in Arkansas is right for you.

The median home value for Arkansas is $141,535

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Arkansas is $25,473

With this income, you could qualify for a $127,381 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Arkansas is $590

The median household income for Arkansas is $47,412

Based on this income, you can afford a home valued at approximately $263,439

The home price you can afford to buy based on household income in Arkansas is 186% 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