Mortgage rates in Arkansas
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Arkansas remains one of the most affordable housing markets nationally. Below is what buying at Arkansas's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Arkansas
The interest rate on a Arkansas mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Arkansas's median $322,950 home with 20% down, the loan works out to $258,360, or about $1,631 a month in principal and interest.
What makes Arkansas different is the cost around the loan. Its 0.62% effective property-tax rate adds roughly $167 a month, and homeowners insurance about $121 more — bringing the all-in estimate to $1,919. Those local costs, not the interest rate, are what set Arkansas apart. Your own price and down payment will move the number — work backward from your income with the price-you-can-afford calculator.
Getting approved in Arkansas
Federal HMDA lending records show Arkansas lenders originated 66,490 home loans in 2025 and denied 21,278 applications — an approval rate near 75.8% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our state-by-state approval data, and how Arkansas ranks for lender complaint report (1,866 on record).
Shopping for a loan? See the most active mortgage lenders in Arkansas, ranked by federal HMDA volume.
Down-payment help in Arkansas
You rarely need 20% down. ADFA — Arkansas's housing finance agency — runs the state's main assistance program: ADFA Move-Up adds a down-payment assistance second lien of up to $15,000. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at ADFA, see how a smaller down payment changes your number with the down-payment size calculator, or compare nationwide assistance programs.
Arkansas mortgage FAQ
What is the current mortgage rate in Arkansas?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Arkansas loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Arkansas's ~0.62% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Arkansas home?
On Arkansas's median home price of about $322,950 with 20% down at today's 6.49% average 30-year rate, expect roughly $1,919/month — that's $1,631 principal and interest plus about $167 property tax and $121 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Arkansas?
In 2025, Arkansas lenders originated 66,490 home loans and denied 21,278 applications — an approval rate of about 75.8% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.