Arkansas Mortgage and Refinance Rates for September 2026

Written by

Andrew Dehan

Edited by

Yuliya Goldshteyn,

Reviewed by

Thomas Brock, CFA, CPA,

Expert verified

Updated on September 28, 2026

On Monday, September 28, 2026, the national average 30-year fixed mortgage APR is 7.30%. The national average 30-year fixed refinance APR is 7.27%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

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Table of contents

Current mortgage rates in Arkansas
Mortgage options in Arkansas
First-time homebuyer programs in Arkansas
How to find the best mortgage rate in Arkansas for you
Additional Arkansas mortgage resources

Current mortgage rates in Arkansas

As of Monday, September 28, 2026, current Arkansas mortgage rates are 7.21% for a 30-year fixed mortgage and 6.58% for a 15-year fixed mortgage. Rates have been in a holding pattern for much of 2026, hovering between 6.1 and 7% and not offering much relief to hopeful homebuyers waiting for rates to drop. Many economists expect mortgage rates in Arkansas and nationwide to stay above 6% for the rest of the year.

Learn more: Latest mortgage rate forecast

Refinance rates in Arkansas

With refinance rates holding steady in line with purchase rates, there isn't much incentive to refinance unless you still have a rate well north of 7%. If the Federal Reserve opts to cut the federal funds rate in upcoming meetings, rates could decline and make refinancing more appealing to some borrowers.

Alternatively, if you've owned your home in Arkansas for a long time, you may be in the running for a cash-out refinance that will allow you to tap your equity and pursue other financial goals.

National mortgage rates by loan type

Product	Interest Rate	APR
30-Year Fixed Rate	7.22%	7.30%
15-Year Fixed Rate	6.60%	6.72%
30-Year Fixed Rate FHA	6.93%	6.98%
30-Year Fixed Rate VA	6.93%	6.99%
30-Year Fixed Rate Jumbo	7.31%	7.34%
3/1 ARM Rate	6.07%	6.92%
7/1 ARM Rate	6.32%	6.74%

Rates as of Monday, September 28, 2026 at 6:30 AM

Product	Interest Rate	APR
30-Year Fixed Rate	7.18%	7.27%
15-Year Fixed Rate	6.52%	6.64%
30-Year Fixed Rate FHA	6.96%	6.99%
30-Year Fixed Rate VA	6.99%	7.02%
30-Year Fixed Rate Jumbo	7.24%	7.28%
3/1 ARM Rate	6.29%	7.02%
7/1 ARM Rate	6.26%	6.77%

Rates as of Monday, September 28, 2026 at 6:30 AM

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

Mortgage options in Arkansas

Like elsewhere in the U.S., there’s a variety of mortgage options in Arkansas to suit a range of needs and financial circumstances. Here are some of the most common:

To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio no more than 45 percent. With a down payment of less than 20 percent, you’ll need to pay private mortgage insurance (PMI) premiums, as well.
If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a down payment of at least 3.5%, you could qualify for an FHA loan with a credit score as low as 580.
If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25% to 2.15% for the first use.
If you’re buying a rural property in Arkansas, you might be eligible for a mortgage guaranteed by the U.S. Department of Agriculture (USDA). USDA loans don’t require a down payment, but you’ll need to purchase in a designated rural area and meet the area’s income limits.

Learn more: Types of home loans

First-time homebuyer programs in Arkansas

If you’re an eligible first-time homebuyer in Arkansas, you might qualify for a lower-cost mortgage or down payment assistance. Many of these programs are facilitated by the Arkansas Development Finance Authority (ADFA).

StartSmart Mortgage Loan program: First-time homebuyers in Arkansas can apply for a StartSmart mortgage, which comes with an interest rate approximately 1% lower than the market rate in the form of an FHA, VA or rural development (USDA) loan. Applicants can’t exceed maximum income limits and must buy a property at or below $500,000.
Move-Up program: The ADFA works with participating lenders to connect homebuyers with an affordable mortgage through its Move-Up program, offering either a conventional, FHA, VA or USDA loan for buyers of single-family homes, with a 30-year fixed rate. You can't earn more than $142,000 per year and you must have a minimum credit score of 640.
Down payment and closing cost assistance: The ADFA administers down payment assistance for those participating in the StartSmart or Move-Up programs. This assistance offers qualifying, low- to moderate-income applicants between $1,000 and $15,000 in assistance as a second mortgage with a 10-year term.
Jonesboro Homeownership Assistance Program: The Jonesboro Homeownership Assistance program is designed to help low- to moderate-income first-time homebuyers purchase homes within the city limits of Jonesboro, Arkansas. Through the program, applicants can receive up to $5,000 to help with the down payment and closing costs. The money is forgivable after living in the home for three years.

Learn more: Arkansas first-time homebuyer programs

How to find the best mortgage rate in Arkansas

Step 1: Strengthen your credit score

Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
Step 2: Determine your budget

To find the right mortgage, you’ll need a good handle on how much house you can afford.
Step 3: Know your mortgage options

There are a few different types of mortgages.
Step 4: Compare rates and terms from several lenders

Rate-shop with at least three different banks or mortgage companies.
Step 5: Get preapproved for a mortgage

Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.

Learn more: How to get a mortgage

Additional Arkansas mortgage resources

Arkansas loan limits by county

Learn the conforming and FHA loan limits for your county.

Arkansas mortgage lenders

Explore mortgage lenders in your state.

Meet our Bankrate experts

Written by

Andrew Dehan Andrew Dehan

Former Senior Writer, Home Lending

Arkansas Mortgage and Refinance Rates for September 2026

Arkansas mortgage and refinance rates today

Mortgage rates update frequently

How Bankrate works

How Bankrate works

Get lender information

Compare personalized rates

Get matched with lenders

Current mortgage rates in Arkansas

Refinance rates in Arkansas

National mortgage rates by loan type

How Bankrate collects mortgage rates

Mortgage options in Arkansas

Arkansas conventional mortgages

Arkansas FHA loans

Arkansas VA loans

Arkansas USDA loans

First-time homebuyer programs in Arkansas

How to find the best mortgage rate in Arkansas

Step 1: Strengthen your credit score

Step 2: Determine your budget

Step 3: Know your mortgage options

Step 4: Compare rates and terms from several lenders

Step 5: Get preapproved for a mortgage

Additional Arkansas mortgage resources

Meet our Bankrate experts

Article sources

Mortgage rates in other states