Compare Today’s Mortgage Rates for West Memphis, Arkansas

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in West Memphis, Arkansas 72303. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $1,848 or $5 / month in West Memphis and other areas of Lee county.

Our search engine explores all home mortgage options in West Memphis, Arkansas 72303, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in West Memphis, Arkansas 72303

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in West Memphis, AR 72303, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Historical Mortgage Rates for West Memphis, Arkansas 72303 from 2012 - 2019

We have compiled mortgage rate charts for home loans in West Memphis, Arkansas and around Lee county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 83.95% 84.39% 81.82% 83.99% 88.16% 88.26% 89.85% 89.71%
avg mortgage rate 4.90% 4.56% 3.81% 3.89% 4.44% 4.07% 3.95% 4.19%
% 15 year fixed mortgage 12.32% 12.42% 13.10% 13.86% 9.27% 8.84% 7.85% 7.41%
avg mortgage rate 4.19% 3.87% 3.14% 3.08% 3.42% 3.23% 3.13% 3.35%
Avg credit score 758.51 765.69 761.00 757.16 753.60 752.65 749.91 749.63
Avg LTV (loan to value) 77.49% 78.33% 81.20% 81.67% 83.64% 83.35% 83.99% 83.35%
Avg DTI (debt to income) 31.01 31.99 30.57 32.34 32.08 31.42 32.80 33.58
% First time homebuyer 31.52% 22.93% 24.60% 27.39% 30.10% 28.70% 26.79% 20.16%
Avg mortgage insurance % 5.10% 6.57% 11.01% 11.29% 14.28% 14.08% 14.37% 13.03%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around West Memphis, Arkansas 72303

If you’re looking to buy a new home in West Memphis, we have compiled a list of the leading mortgage brokers around West Memphis, Arkansas 72303 to help you with your search.

Name
Address
Contact

Citizens First Home Mortgage

103 McCain Blvd

West Memphis AR 72303

(870) 732-2570

http://citizensfirsthome.com

A B Smith Real Estate

104 N Redding St

West Memphis AR 72303

(870) 735-2055

Guaranty Loan & Real Estate

209 Shoppingway Blvd

West Memphis AR 72303

(870) 733-0035

Premier Choice

602 N Missouri St

West Memphis AR 72303

(870) 735-4411

Primelending

306 N Missouri St

West Memphis AR 72303

(870) 629-9194

Address

103 McCain Blvd

West Memphis AR

Contact

(870) 732-2570

http://citizensfirsthome.com

Address

104 N Redding St

West Memphis AR

Contact

(870) 735-2055

Address

209 Shoppingway Blvd

West Memphis AR

Contact

(870) 733-0035

News on Mortgages and Reverse Mortgages for West Memphis, Arkansas 72303