What's a low, high, and average mortgage rate in AR?
A good rate for a primary, single-family home in for , and credit score is:
Histogram showing 3 data points from 6.02% to 6.58%. Use Tab to navigate between segments, and Enter to select a bar.
found 33 lenders for you—rates updated Jan 8, 2026
Rates updated Jan 8, 2026
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George RobinsonTrueRate Data ScientistLenders with low rates in AR
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only 3 lenders likely to get you a good deal.
| Lender | Lender fees | ||
|---|---|---|---|
 | No lender feesHighly rated | Highly rated | |
 | $995Mixed reviews | Mixed reviews | |
 | $995Average | Average |
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George RobinsonTrueRate Data ScientistLenders in AR likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 33 lenders and found that this one lender is likely to offer you a high rate.
| Lender | Lender fees | ||
|---|---|---|---|
 | $1500Mixed reviews | Mixed reviews |
Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George RobinsonTrueRate Data ScientistLenders with average rates in AR
You deserve better than what these 29 lenders historically provide.
- American Pacific Mortgage Corp
- Benchmark Mortgage
- Arvest Bank
- Associated Mortgage Corporation
- Bank of England
- BOK Financial (BOKF, NA)
- CrossCountry Mortgage, LLC
- DAS Acquisition Company, LLC
- Digital Federal Credit Union
- Eagle Bank and Trust Company
- Evolve Bank & Trust
- Fairway Independent Mortgage Corp
- FBC Mortgage, LLC
- First United Bank and Trust Company
- Gateway First Bank
- Gershman Investment Corp.
- Guaranteed Rate Affinity, LLC
- Guaranteed Rate, Inc.
- Highlands Residential Mortgage
- Ixonia Bank
- LeaderOne Financial Corp.
- Mutual of Omaha Mortgage
- Nations Lending Corporation
- Nations Reliable Lending LLC
- On Q Financial, Inc.
- PrimeLending
- SWBC Mortgage Corporation
- Synergy One Lending
- Willow Bend Mortgage
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernanTomo Mortgage Loan Advisor - NMLS #1112719TrueRate report
Buying a home shouldn’t feel impossible—see what’s driving buyer stress in 2025.
What is TrueRate by Tomo Mortgage?
TrueRate is a tool for homebuyers, created by Tomo Mortgage. It uses AI and analytical models to show you what a fair mortgage rate really looks like—your “true rate”—based on your unique financial situation and real market conditions. It strips out all the bait-and-switch pricing you see all over the internet, such as rates advertised with big point fees hiding in the fine print.
Instead of giving you a one-size-fits-all estimate, TrueRate calculates what rate you should be looking for that day, using the same kinds of data that lenders themselves rely on to provide their own rate information. We’re just making it all public for the first time. You’ll be able to see whether an interest rate offered by a bank, credit union, or mortgage company is low, average, or too high—before you agree to anything.
We believe in transparency. Here’s how we crunched the numbers.
Average Mortgage Rates: 6.18% - 6.45%
As of January 8, 2026, an average mortgage rate—or, to be a little more precise, a median rate for a 30-year fixed-rate conventional mortgage on a primary home—falls between 6.18% and 6.45%.
If you’re comparing different mortgage lenders, trying to find the lowest interest rates, you’ll be looking for offers below 6.18%. Few lenders nationwide are offering homebuyers a “good” rate today, meaning their interest rate is better than what 70% of lenders are offering to people with the same financial scenario.
This is based on an analysis from TrueRate, which uses hundreds of thousands of home loans across the U.S. to calculate what rates are good, bad, and average for a specific buyer’s scenario.
Frequently asked questions
Let's take a common home buying scenario. You're buying a $393,000 single-family home with 20% down and a 730 credit score, and looking for a 30-year fixed conventional loan.
Here's what your principal and interest would look like based on today's best rates:
| Row headers | Lender A | Lender B | Lender C |
|---|---|---|---|
| Offered rate | Low rate6.622% | Average rate6.752% | High rate6.866% |
| Monthly P&I payment | $2,013 | $2,040 | $2,063 |
| Costs after 10 years | $241,502 | $244,753 | $247,619 |
| Savings after 10 years | $6,117 | $2,866 |
Rates for illustrative purposes only. Monthly payments reflect principal and interest only. Taxes, insurance, and other costs not included.
You might see some ultra-low rates advertised online, but many of these are misleading. Those teaser rates often come with hidden fees, like:
- Discount points (which you pay upfront)
- High origination or underwriting costs
- Loan terms that reset or change over time
The most honest way to compare offers? Look for a rate where the APR (annual percentage rate) is nearly equal to the interest rate — what's often called a "par rate". That's the most realistic number to judge true affordability.
Mortgage interest rates are influenced by a wide range of economic factors—from inflation and job growth to Federal Reserve policy. So, will rates fall in 2026? According to Tomo's weekly mortgage rate forecast, it's complicated—but not impossible.
As Emmanuel Santo-Donato, Tomo's Chief Market Analyst, explains, we're in a "watch-and-wait" phase where data like inflation reports, unemployment numbers, and the Fed's policy meetings play an outsized role in driving mortgage trends. When job growth cools or inflation slows faster than expected, that typically nudges rates lower. On the other hand, any signs of overheating in the economy—or global uncertainty—can push them back up.
For ongoing updates, you can subscribe to the Track Tomo Mortgage Rates tool, which tracks real changes in mortgage rates tailored to your loan scenario—so you'll know if it's time to lock in or wait.
Mortgage fees are one of the most misunderstood parts of the home loan process—and they can cost you thousands of dollars if you're not careful.
Most lenders tack on charges like origination fees, underwriting fees, and processing fees, often burying them in the fine print. At Tomo, we believe that's unnecessary. In fact, we've built our model around zero lender fees—because getting a mortgage shouldn't feel like leaving a tip just for being allowed to borrow money.
According to Tomo's mortgage lender fee analysis, the median lender fee for a conventional 30-year mortgage at major banks is $1,360. But fees can climb much higher:
- $3,000–$6,000 is common
- $10,000+ isn't unheard of, especially from brokers or lenders using aggressive pricing models
Mortgage rates have seen dramatic swings in the last several years—and understanding this history can help you make better decisions today.
Here's a look at average 30-year fixed mortgage rates in the U.S., based on public data from sources like Freddie Mac and analysis from the Tomo TrueRate:
Year / Avg 30-year fixed rate
| Year | Avg 30-year fixed rate | What was happening? | |
|---|---|---|---|
| 2018 / ~4.54% | 2018 | ~4.54% | The Federal Reserve raised interest rates several times in 2018, leading to higher mortgage rates. |
| 2019 / ~3.94% | 2019 | ~3.94% | The Fed began cutting rates again due to slower global growth, leading to a slight drop in mortgage rates. |
| 2020 / ~3.11% | 2020 | ~3.11% | COVID-19 hit. Rates fell sharply as the Fed slashed rates and injected liquidity into the market. |
| 2021 / ~2.96% | 2021 | ~2.96% | Record lows. Borrowers locked in the cheapest mortgages in history during this period. |
| 2022 / ~5.34% | 2022 | ~5.34% | Inflation surged. The Fed hiked interest rates aggressively, pushing mortgage rates past 6% by year-end. |
| 2023 / ~6.80% | 2023 | ~6.80% | Rates remained high due to persistent inflation and Fed tightening. Some volatility emerged from recession fears. |
| 2024 / ~6.72% | 2024 | ~6.72% | Rates stabilized slightly as inflation eased, though affordability remained a challenge. |
| 2025 / ~6.35% | 2025 | ~6.35% | As of today, average mortgage interest rates for a 30-year fixed-rate primary mortgage hover between 6.35% and 7.04%. |
Tomo's TrueRate data science team tracks millions of real loan offers daily to understand not just what rates are doing — but why. With rates still high by historical standards, knowing what a good or average mortgage rate looks like for your specific scenario is more important than ever.
It’s shaping up to be a great time for homebuyers in Arkansas
With mortgage interest rates continuing to decrease, it’s becoming easier to find the perfect home without stretching your budget.
Little Rock, the state capital, is a thriving city with a vibrant arts scene, excellent dining, and an expanding local brewery scene. Neighborhoods like Hillcrest and the Heights blend historic charm with modern amenities, all at an affordable cost of living. This means you can enjoy a high quality of life without breaking the bank.
However, don’t overlook the smaller towns in Arkansas! Fayetteville and Bentonville are also becoming popular destinations. Fayetteville, home to the University of Arkansas, offers a youthful, dynamic atmosphere and a variety of entertainment options. Bentonville, thanks to its connection with Walmart, has transformed into a trendy area with a growing arts scene. Both towns offer welcoming communities with plenty to offer.
For first-time buyers, Arkansas offers several programs that make the home-buying process easier. These resources, such as down payment assistance and favorable loan terms, are designed to help you step into homeownership with confidence.
Whether you’re drawn to the energy of Little Rock or the charm of Arkansas’ smaller towns, the state offers a wide range of affordable housing options. With improving interest rates and a variety of neighborhoods to explore, now is a great time to consider making Arkansas your next home.