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Little Rock

Current Mortgage Rates in Little Rock, Arkansas

Compare mortgage rates and fees for leading lenders in Little Rock, AR. 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 lender offering the best mortgage rates in Little Rock.

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

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Mortgage Rates in Little Rock, AR as of October 21, 2019
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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 Little Rock, AR Mortgage Rates Compare?

October 21, 2019

The current average rate for a 30 year fixed rate mortgage in Little Rock 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
Little Rock, AR 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 Little Rock, Arkansas?

The median home value for Little Rock, AR (Pulaski County) is $162,083

The median household income for Little Rock, AR (Pulaski County) is $50,343

Based on current mortgage rates and a 10% down payment, you need to make $30,072 per year to buy the median priced home in Little Rock

The home price you can afford to buy based on household income in Little Rock is 167% of the median home value which means housing prices are average

Little Rock (Pulaski County) ranks 70 out of 75 counties in Arkansas and 2,244 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Little Rock, AR is average

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Loan Limits for Little Rock, Arkansas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Little Rock (Pulaski County) below.

Conforming loan limits for Little Rock, AR

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Little Rock, AR

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Little Rock, AR

1 unit: $484,350

Additional Mortgage Resources for Little Rock, AR Residents

Mortgage Rates for Arkansas Cities

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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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index