Question 1

What are current mortgage rates in Arkansas?

Accepted Answer

As of March 2026, mortgage rates in Arkansas are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Arkansas housing market like?

Accepted Answer

Arkansas offers affordable housing across the state, with Little Rock and Fayetteville-Springdale (home to Walmart's headquarters) as the main markets. Northwest Arkansas has seen strong population and price growth due to corporate investment and lifestyle amenities. The state remains well below national median prices and offers excellent value for buyers relocating from more expensive markets.

Question 3

How do I get the best mortgage rate in Arkansas?

Accepted Answer

To get the best mortgage rate in Arkansas, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Arkansas Today

Current Rate Ranges in Arkansas

Arkansas Housing Market Overview