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Arkansas

Current Arkansas Mortgage Rates

Compare Arkansas mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Arkansas.

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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Arkansas Mortgage Rates as of June 12, 2024
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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.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Arkansas Mortgage Rates

June 12, 2024

Current mortgage rates in Arkansas are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Arkansas Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%

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 $180,278

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Arkansas is $37,609

With this income, you could qualify for a $162,250 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 $871

The median household income for Arkansas is $54,297

Based on this income, you can afford a home valued at approximately $260,275

The home price you can afford to buy based on household income in Arkansas is 144% 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

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