See the latest Arkansas mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA, Jumbo) plus variable rates (10, 7, 5, 3 year). Also see how Arkansas compares nationally, and main lending options available across the state.
Buying a home in Arkansas could be easier with today’s mortgage rates.
Current Mortgage Rates in Arkansas –
The table below shows today’s home purchase mortgage rates for Arkansas, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| Arkansas | 6.39% | 6.44% | 6.49% | |
| Credit Unions | 5.99% | 6.04% | 6.19% | 8.6/10 |
| Online lenders | 6.09% | 6.14% | 6.29% | 8.5/10 |
| Banks | 6.39% | 6.44% | 6.49% | 7.9/10 |
| 30 year fixed | 6.39% | 6.44% | 6.49% | |
| 30 year fixed FHA | 6.98% | 7.03% | 7.08% | |
| 30 year fixed VA | 6.17% | 6.22% | 6.27% | |
| 30 year fixed Jumbo | 6.62% | 7.00% | 7.19% | |
| 20 year fixed | 6.01% | 6.06% | 6.11% | |
| 15 year fixed | 5.76% | 5.81% | 5.86% | |
| 10 year fixed | 5.64% | 5.69% | 5.74% | |
| 3 year ARM | 4.87% | 4.92% | 4.97% | |
| 5 year ARM | 6.83% | 6.88% | 6.93% | |
| 7 year ARM | 6.24% | 6.29% | 6.34% | |
| 10 year ARM | 6.39% | 6.44% | 6.49% | |
| Satisfaction | 8.3/10 | 8.3/10 | 8.2/10 |
Source: MFP’s Community Home Purchase Rates Survey from Arkansas members in the last 30 days.
How Arkansas Compares to National Averages
- Arkansas mortgage rates (6.39% for best credit scores) are slightly above national averages (national average: 6.31%).
- Credit unions are more competitive: In Arkansas, credit unions offer 5.99%, banks 6.39%, online lenders 6.09%.
Mortgage Options in Arkansas
- 30 year fixed: 6.39% - most popular long-term option for predictable payments
- 20 year fixed: 6.01% - balance between payment size and interest savings
- 15 year fixed: 5.76% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.64% - shortest fixed-term option with competitive rates
- 10 year variable: 4.87% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.83% - A mid-term variable option...
- 5 year variable: 6.24% - Shorter-term variable mortgage...
- 3 year variable: 6.39% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Arkansas Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Little Rock | 6.34% | 5.70% |
| Fayetteville | 6.38% | 5.74% |
| Fort Smith | 6.37% | 5.73% |
| Springdale | 6.36% | 5.72% |
| Jonesboro | 6.35% | 5.71% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Arkansas Homeowners
Arkansas homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Arkansas
FAQs – Arkansas Mortgage Rates
Are home purchase rates higher in Arkansas than the U.S. average?
Arkansas mortgage rates typically align very closely with national averages, often differing by only minor fractions of a percentage point.
What credit score is best for buying a home in Arkansas?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Arkansas.
Is it better to choose a fixed-rate or ARM in Arkansas?
Fixed-rate mortgages offer payment stability for long-term homeowners, while ARMs may benefit those planning shorter-term ownership.
More Arkansas Home Information:
FHA Loans, FHA Rates and Veteran Rates
Fixed Rates: 30 Year, 20 Year, 15 Year, 10 Year
Variable Rates: 10 Year, 7 Year, 5 Year, 3 Year
Arkansas Best Mortgage Lenders from Community Recommendations
Arkansas Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Arkansas Homeowners.