See current Arkansas Refinance fixed rates (30 Year, 20, 15, 10, FHA, VA and Jumbo), variable rates (10 year, 7, 5, 3), Cash Out rates, plus comparisons with national averages and lender types. Refinancing in Arkansas can help lower your monthly payment, shorten your loan term, or tap into equity with a cash-out refinance.
Current Refinance Rates in Arkansas –
Find community reported rates by Arkansas homeowners (rates shown are average APRs).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.54% | 6.59% | 6.64% | |
| Arkansas | 6.62% | 6.67% | 6.71% | |
| Credit Unions | 6.21% | 6.26% | 6.42% | 8.7/10 |
| Online lenders | 6.32% | 6.37% | 6.51% | 8.0/10 |
| Banks | 6.62% | 6.67% | 6.71% | 7.8/10 |
| 30 year fixed | 6.62% | 6.67% | 6.71% | |
| 30 year fixed FHA | 7.13% | 7.18% | 7.23% | |
| 30 year fixed VA | 6.32% | 6.37% | 6.42% | |
| 30 year fixed Jumbo | 6.73% | 6.97% | 7.16% | |
| 20 year fixed | 6.21% | 6.26% | 6.31% | |
| 15 year fixed | 5.88% | 5.93% | 5.99% | |
| 10 year fixed | 5.74% | 5.79% | 5.84% | |
| 3 year ARM | 4.97% | 5.02% | 5.07% | |
| 5 year ARM | 6.93% | 6.98% | 7.03% | |
| 7 year ARM | 6.34% | 6.39% | 6.44% | |
| 10 year ARM | 6.49% | 6.54% | 6.59% | |
| Satisfaction | 9.2/10 | 7.9/10 | 7.8/10 |
Source: MFP’s Community Home Refinance Rates Survey of 1,362 Arkansas members in the last 30 days.
How Arkansas Compares to National Averages
- Arkansas refinance rates (6.62% for best credit scores) are slightly above national averages (national average: 6.54%).
- Credit unions are more competitive: In Arkansas, credit unions offer 6.46%, banks 6.71%, online lenders 6.57%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Arkansas
- 30-year Fixed: At 6.62% APR for excellent credit, Arkansas's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 7.13% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 6.32% APR for excellent credit, exclusive to eligible veterans and military members, featuring Arkansas's most competitive rates
- 30-year Fixed Jumbo: At 6.73% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 6.21% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 5.88% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 5.74% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (4.97% APR), 5-year (6.93% APR), 7-year (6.34% APR), and 10-year (6.49% APR) options that start lower but may adjust upward after initial fixed period
Cash Out Refinance Rates in Arkansas –
Find community reported refinance cash-out rates by Arkansas homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 6.66% | 6.79% | 6.91% |
| Arkansas | 6.74% | 6.87% | 6.99% |
| Credit Unions | 6.34% | 6.46% | 6.69% |
| Online lenders | 6.44% | 6.57% | 6.79% |
| Banks | 6.74% | 6.87% | 6.99% |
| 30 year fixed | 6.74% | 6.87% | 6.99% |
| 30 year fixed FHA | 7.26% | 7.38% | 7.51% |
| 30 year fixed VA | 6.44% | 6.57% | 6.69% |
| 30 year fixed Jumbo | 6.85% | 6.98% | 7.10% |
| 20 year fixed | 6.33% | 6.46% | 6.59% |
| 15 year fixed | 6.01% | 6.13% | 6.26% |
| 10 year fixed | 5.87% | 5.99% | 6.11% |
| 3 year ARM | 5.10% | 5.22% | 5.34% |
| 5 year ARM | 7.05% | 7.18% | 7.31% |
| 7 year ARM | 6.46% | 6.59% | 6.71% |
| 10 year ARM | 6.62% | 6.74% | 6.87% |
Source: MFP’s Community Home Refinance Rates Survey of Arkansas members in the last 30 days.
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Little Rock | 6.61% | 5.86% |
| Fort Smith | 6.60% | 5.86% |
| Fayetteville | 6.59% | 5.86% |
| Springdale | 6.59% | 5.85% |
| Rogers | 6.58% | 5.84% |
Compare Lenders Rated by Arkansas Homeowners
Borrowers in Arkansas report the highest satisfaction with credit unions, which consistently offer the most competitive rates and service. Online lenders follow closely, while banks perform slightly below average on borrower satisfaction.
See the Best Mortgage Refinance Lenders in Arkansas
FAQs – Arkansas Refinance Rates
Are refinance rates lower in Arkansas than the U.S. average?
Arkansas rates are slightly lower — 6.84% vs. 6.88% nationally for top credit borrowers.
What’s the best credit score for refinancing in Arkansas?
Borrowers with 720+ credit scores typically secure the best rates, averaging 6.84% for 30-year fixed loans.
Which lenders have the highest satisfaction in Arkansas?
Credit unions lead at 8.8/10, with online lenders close behind at 8.2/10. Banks trail at 8.1/10.
More Info for Arkansas Homeowners:
Arkansas Best Refinance Lenders from Community recommendations
Arkansas Home Equity Loan & Arkansas HELOC Rates
Loans Comparison Calculator: Heloc, Cash-Out, Home Equity, Renovation.
Arkansas Best Home Insurance from Community recommendations & Costs