Today’s Refinance Rates in Arkansas

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Edited byMorgan Hull
Edited byMorgan Hull

Updated: January 18, 2024

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Current Refinance Rates in Arkansas

To help you determine a suitable loan option for your financial situation, MoneyGeek compiled the most up-to-date refinance rates in Arkansas in the table below.

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Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Arkansas?

According to economic data from the Federal Reserve Bank of St. Louis, national mortgage rates are 4.45% for a 15-year FRM, 5.30% for a 30-year FRM and 4.19% for a 5/1 ARM. This indicates that the average refinance rates in Arkansas for a 15-year and 30-year FRM are both cheaper than the national rate at 4.44% and 5.08%, respectively. However, the state’s interest rate for a 5/1 ARM is slightly higher at 4.51%.

Remember, a “good” rate is subjective. Each homeowner should consider their loan terms, loan amount, credit score, income and debts to determine whether a rate is good or not. It also helps to compare rate estimates from different lenders to find the best deal for you.

Additionally, mortgage rates fluctuate almost daily, so today’s estimates might be drastically different from next week’s rates.

Estimate Your New Monthly Mortgage Payment

To help estimate your monthly mortgage payment, you can use MoneyGeek’s calculator below. However, it’s important to be aware that this is only an estimate; your actual rate may vary due to fluctuating refinance rates and personal factors like your mortgage term, debt-to-income ratio and credit score.

Mortgage Refinance Calculator in Arkansas
Make sure refinancing your existing home loan will save you money.
Updated։ Jun 13, 2024
Fact Checked
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You can’t save on your monthly payment or your mortgage interest by refinancing.
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Frequently Asked Questions About Refinance Rates in Arkansas

To help you make the best financial decision, MoneyGeek provided answers to some of the most frequently asked questions about refinance rates in Arkansas.

What is a good refinance rate in Arkansas?
What is a bad refinance rate in Arkansas?
What is a good refinance interest rate on a 30-year fixed-rate mortgage in Arkansas?
What is a good refinance interest rate on a 15-year fixed-rate mortgage in Arkansas?
What is a good refinance interest rate on a 5/1 adjustable-rate mortgage in Arkansas?
sources
  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 11, 2022.