Forrest City Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Forrest City averaged 6.59% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.8% and one month ago for the week of 2022-05-26, the average rate was 5.79%.

Forrest City's average rate one year ago was 3.39%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.82%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Forrest City 30 Year Fixed Rate 2022-06-30 6.59%
Forrest City 30 Year Fixed Rate Refi 2022-06-30 5.82%
Forrest City 15 Year Fixed Rate 2022-06-30 4.94%
Forrest City 15 Year Fixed Rate Refi 2022-06-30 5.33%
Forrest City 30 Year FHA 2022-06-30 5.66%
Forrest City 30 Year FHA Refi 2022-06-30 5.83%
Forrest City 30 Year USDA 2022-06-30 5.8%
Forrest City 30 Year USDA Refi 2022-06-30 3.7%
Forrest City 30 Year VA 2022-06-30 5.58%
Forrest City 30 Year VA Refi 2022-06-30 5.29%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Forrest City, AR.

Forrest City Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Forrest City, AR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FirstTrust Home Loans, Inc. 8 3.22% $2,716
QUICKEN LOANS, LLC 8 3.14% $4,705
Regions Bank 4 3.19% $1,742
DAS Acquisition Company, LLC 3 3.04% $2,754
Eagle Bank and Trust Company 2 2.88% $4,454
FLAT BRANCH MORTGAGE, INC. 1 3.63% $3,935
Gateway First Bank 1 3.00% $4,194
GUILD MORTGAGE COMPANY 1 2.99% $3,783
HOPE FEDERAL CREDIT UNION 1 4.25% $2,914
IMPAC MORTGAGE CORP. 1 2.75% $3,252
Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $4,694
NAVY FEDERAL CREDIT UNION 1 4.25% $5,387
Orion Federal Credit Union 1 2.88% $2,189
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $4,544
ROYAL UNITED MORTGAGE LLC 1 4.38% $4,368
Bank of America 1 3.00% $2,073
WILLOW BEND MORTGAGE COMPANY, LLC 1 3.63% $4,092
Bank of England 1 3.50% $3,374
CALIBER HOME LOANS, INC. 1 3.38% $2,676
Centennial Bank 1 4.00% $2,757
COMMUNITY MORTGAGE CORPORATION 1 3.13% $2,264

Forrest City, AR's 21 lenders originated 207 loans during 2021. The total origination value was $26,305,000, with an average loan value of $127,077.

The top Forrest City lender as defined by loan originations is FirstTrust Home Loans, Inc., with 8 loans originated. Their average total fees are $2,716, which is $1,989 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Forrest City lenders (with over 10 loans originated) are .

The lowest rate Forrest City lenders (with over 10 loans originated) are .

Forrest City, AR Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $3,455,000 $3,260,000 -5.6% 12.4%
FirstTrust Home Loans, Inc. $2,450,000 $3,040,000 24.1% 11.6%
First National Bank of Eastern Arkansas $2,605,000 n/a 9.9%
Cross County Bank $2,195,000 n/a 8.3%
DAS Acquisition Company, LLC $265,000 $1,950,000 635.8% 7.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,560,000 $1,470,000 -5.8% 5.6%
Eagle Bank and Trust Company $55,000 $1,125,000 1,945.5% 4.3%
Regions Bank $670,000 $885,000 32.1% 3.4%
FREEDOM MORTGAGE CORPORATION $340,000 $690,000 102.9% 2.6%
First Horizon Bank $635,000 n/a 2.4%
NAVY FEDERAL CREDIT UNION $595,000 n/a 2.3%
Mortgage Research Center, LLC $235,000 $580,000 146.8% 2.2%
Nations Lending Corporation $430,000 n/a 1.6%
First Financial Bank $550,000 $410,000 -25.5% 1.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $235,000 $370,000 57.4% 1.4%
21ST MORTGAGE CORPORATION $720,000 $340,000 -52.8% 1.3%
Bank of England $325,000 $325,000 0.0% 1.2%
Wells Fargo Bank $425,000 $320,000 -24.7% 1.2%
Mr. Cooper ( Nationstar Mortgage ) $405,000 $315,000 -22.2% 1.2%
FLAT BRANCH MORTGAGE, INC. $295,000 n/a 1.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $340,000 $280,000 -17.6% 1.1%
ACADEMY MORTGAGE CORPORATION $95,000 $255,000 168.4% 1.0%
Gateway First Bank $235,000 n/a 0.9%
The Federal Savings Bank $225,000 n/a 0.9%
MORTGAGE FINANCIAL SERVICES, LLC $375,000 $210,000 -44.0% 0.8%
Bank of America $185,000 n/a 0.7%
BROKER SOLUTIONS, INC. $185,000 n/a 0.7%
CALIBER HOME LOANS, INC. $85,000 $180,000 111.8% 0.7%
Renasant Bank $175,000 n/a 0.7%
PENNYMAC LOAN SERVICES, LLC $95,000 $170,000 78.9% 0.6%
CHURCHILL MORTGAGE CORPORATION $145,000 n/a 0.6%
Evolve Bank & Trust $320,000 $145,000 -54.7% 0.6%
ROYAL UNITED MORTGAGE LLC $65,000 $140,000 115.4% 0.5%
COMMUNITY MORTGAGE CORPORATION $125,000 n/a 0.5%
CREDIT HUMAN FEDERAL CREDIT UNION $85,000 $125,000 47.1% 0.5%
CSL Financial, LLC $110,000 $120,000 9.1% 0.5%
SUCCESS Federal Credit Union $25,000 $120,000 380.0% 0.5%
AMERICAN ADVISORS GROUP $115,000 n/a 0.4%
JPMorgan Chase Bank $115,000 n/a 0.4%
GUILD MORTGAGE COMPANY $85,000 $105,000 23.5% 0.4%
IMPAC MORTGAGE CORP. $105,000 n/a 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $105,000 n/a 0.4%
ARKANSAS Federal Credit Union $240,000 $100,000 -58.3% 0.4%
Arvest Bank $755,000 $95,000 -87.4% 0.4%
Low VA Rates, LLC $95,000 n/a 0.4%
CORNERSTONE HOME LENDING, INC. $85,000 n/a 0.3%
PILGRIM MORTGAGE LLC $85,000 n/a 0.3%
U.S. Bank $15,000 $85,000 466.7% 0.3%
WILLOW BEND MORTGAGE COMPANY, LLC $85,000 n/a 0.3%
Orion Federal Credit Union $75,000 n/a 0.3%
Centennial Bank $65,000 n/a 0.2%
TRIAD FINANCIAL SERVICES, INC. $105,000 $55,000 -47.6% 0.2%
Independent Bank $125,000 $45,000 -64.0% 0.2%
HOPE FEDERAL CREDIT UNION $35,000 n/a 0.1%

Forrest City's top lender by overall market share is QUICKEN LOANS, LLC, with 12.4% market share. In second place, with 11.6%, is FirstTrust Home Loans, Inc., having originated $3,040,000 in loans. In third place, with 9.9%, is First National Bank of Eastern Arkansas, having originated $2,605,000 in loans. In third place, with 8.3%, is Cross County Bank, having originated $2,195,000 in loans. In third place, with 7.4%, is DAS Acquisition Company, LLC, having originated $1,950,000 in loans.


Forrest City, AR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 113 $14,955,000 $132,345
Refi 61 $7,725,000 $126,639
Cash Out Refi 25 $3,315,000 $132,600
Home Improvement 7 $205,000 $29,286
Other 1 $105,000 $105,000

Forrest City's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 61 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 68 $8,120,000 $119,412
2.5-3% 56 $7,560,000 $135,000
<2.5% 25 $3,965,000 $158,600
4-5% 9 $1,015,000 $112,778
Over 8% 5 $345,000 $69,000
6-7% 3 $165,000 $55,000
5-6% 3 $165,000 $55,000
7-8% 2 $170,000 $85,000

During 2021, Forrest City's most frequently originated rate bucket was 3-4%, with 68 originations.

Loan Sizing (Forrest City, AR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 110 $6,920,000 $62,909
$100k-200k 63 $8,855,000 $140,556
$200k-400k 32 $8,210,000 $256,563
$400k-600k 1 $465,000 $465,000
$Over $1MM 1 $1,855,000 $1,855,000

Forrest City's loan sizing saw the bucket of loans from $100,000 or less with 110 originations, totaling $6,920,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 99 $12,755,000 $128,838
60-80% 40 $5,340,000 $133,500
40-60% 16 $1,450,000 $90,625
Over 100% 4 $720,000 $180,000
20-40% 3 $175,000 $58,333
Under 20% 1 $15,000 $15,000

Forrest City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 99 originations, totaling $12,755,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Forrest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $129,000 (12.2%) $176,499 (5.0%) 0.00 97
2018-02-01 $129,000 (17.3%) $175,190 (3.7%) 0.00 100
2018-03-01 $129,500 (24.8%) $206,132 (25.5%) 0.00 97
2018-04-01 $139,500 (26.8%) $210,352 (20.2%) 0.00 92
2018-05-01 $129,500 (17.8%) $208,189 (17.0%) 0.00 85
2018-06-01 $129,000 (17.3%) $197,409 (6.8%) 0.00 88
2018-07-01 $129,000 (7.6%) $199,533 (1.6%) 0.00 84
2018-08-01 $120,750 (5.0%) $185,430 (9.4%) 0.00 81
2018-09-01 $115,000 (-10.9%) $166,492 (-3.4%) 0.00 72
2018-10-01 $115,000 (-10.9%) $171,950 (4.6%) 0.00 76
2018-11-01 $115,000 (-4.2%) $168,295 (4.7%) 0.00 84
2018-12-01 $110,000 (-14.7%) $165,703 (-7.8%) 0.00 82
2019-01-01 $109,500 (-15.1%) $150,999 (-14.5%) 0.00 78
2019-02-01 $120,860 (-6.3%) $172,383 (-1.6%) 0.00 82
2019-03-01 $130,429 (0.7%) $172,742 (-16.2%) 0.00 82
2019-04-01 $127,679 (-8.5%) $175,661 (-16.5%) 0.00 76
2019-05-01 $125,000 (-3.5%) $178,871 (-14.1%) 0.00 73
2019-06-01 $115,000 (-10.9%) $183,406 (-7.1%) 0.00 67
2019-07-01 $114,950 (-10.9%) $190,663 (-4.5%) 0.00 57
2019-08-01 $114,900 (-4.8%) $184,069 (-0.7%) 0.00 56
2019-09-01 $114,200 (-0.7%) $172,724 (3.7%) 0.00 61
2019-10-01 $110,000 (-4.4%) $166,414 (-3.2%) 0.00 65
2019-11-01 $110,000 (-4.4%) $172,716 (2.6%) 0.00 68
2019-12-01 $111,750 (1.6%) $182,980 (10.4%) 0.00 70
2020-01-01 $110,000 (0.5%) $183,749 (21.7%) 0.00 68
2020-02-01 $110,000 (-9.0%) $177,932 (3.2%) 0.00 71
2020-03-01 $110,000 (-15.7%) $184,145 (6.6%) 0.00 69
2020-04-01 $93,500 (-26.8%) $187,354 (6.7%) 0.00 59
2020-05-01 $124,900 (-0.1%) $195,145 (9.1%) 0.00 57
2020-06-01 $149,450 (30.0%) $204,767 (11.7%) 0.00 53
2020-07-01 $127,000 (10.5%) $184,550 (-3.2%) 0.00 47
2020-08-01 $139,900 (21.8%) $170,132 (-7.6%) 0.00 46
2020-09-01 $127,500 (11.7%) $149,686 (-13.3%) 0.00 55
2020-10-01 $112,000 (1.8%) $145,175 (-12.8%) 0.00 56
2020-11-01 $129,900 (18.1%) $159,107 (-7.9%) 0.00 54
2020-12-01 $129,900 (16.2%) $164,329 (-10.2%) 0.00 52
2021-01-01 $129,900 (18.1%) $172,108 (-6.3%) 0.00 36
2021-02-01 $109,500 (-0.5%) $168,790 (-5.1%) 0.00 34
2021-03-01 $112,950 (2.7%) $166,805 (-9.4%) 0.00 34
2021-04-01 $135,000 (44.4%) $186,361 (-0.5%) 0.00 33
2021-05-01 $165,000 (32.1%) $250,816 (28.5%) 0.00 30
2021-06-01 $162,250 (8.6%) $257,982 (26.0%) 0.00 37
2021-07-01 $149,900 (18.0%) $236,131 (28.0%) 0.00 37
2021-08-01 $139,900 (0.0%) $206,771 (21.5%) 0.00 41
2021-09-01 $144,850 (13.6%) $234,981 (57.0%) 0.00 39
2021-10-01 $139,000 (24.1%) $229,862 (58.3%) 0.00 37
2021-11-01 $125,000 (-3.8%) $223,517 (40.5%) 0.00 33
2021-12-01 $125,000 (-3.8%) $220,046 (33.9%) 0.00 33
2022-01-01 $125,000 (-3.8%) $211,582 (22.9%) 0.00 32
2022-02-01 $119,450 (9.1%) $199,980 (18.5%) 0.00 39
2022-03-01 $120,000 (6.2%) $199,952 (19.9%) 0.00 41
2022-04-01 $129,900 (-3.8%) $218,951 (17.5%) 0.00 42
2022-05-01 $129,900 (-21.3%) $208,610 (-16.8%) 0.00 44
2022-06-01 $129,900 (-19.9%) $210,910 (-18.3%) 0.00 41
Forrest City's median listing price for 2022-06-01 was $129,900, a difference of $-32,350 (-19.9%) versus the prior year and $0 versus the prior month.

Forrest City's median listing price comes in at 0% of the national average.

Forrest City's average listing price for 2022-06-01 was $210,910, a difference of $-47,072 (-18.3%) versus the prior year and $2,300 versus the prior month.

For the 2022-06-01 period, Forrest City had 41 MLS listings, a difference of -3 listings (-7%) versus the prior month and 4 listings (11%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Forrest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,765 sqft
2018-02-01 0 days 2,004 sqft
2018-03-01 0 days 2,068 sqft
2018-04-01 0 days 2,188 sqft
2018-05-01 0 days 2,068 sqft
2018-06-01 0 days 1,748 sqft
2018-07-01 0 days 1,478 sqft
2018-08-01 0 days 1,587 sqft
2018-09-01 0 days 1,830 sqft
2018-10-01 0 days 1,917 sqft
2018-11-01 0 days 2,104 sqft
2018-12-01 0 days 2,068 sqft
2019-01-01 0 days 2,036 sqft
2019-02-01 0 days 2,162 sqft
2019-03-01 0 days 2,100 sqft
2019-04-01 0 days 2,021 sqft
2019-05-01 0 days 1,995 sqft
2019-06-01 0 days 2,004 sqft
2019-07-01 0 days 1,987 sqft
2019-08-01 0 days 1,870 sqft
2019-09-01 0 days 1,870 sqft
2019-10-01 0 days 1,767 sqft
2019-11-01 0 days 1,797 sqft
2019-12-01 0 days 1,767 sqft
2020-01-01 0 days 1,817 sqft
2020-02-01 0 days 1,749 sqft
2020-03-01 0 days 1,836 sqft
2020-04-01 0 days 1,836 sqft
2020-05-01 0 days 1,870 sqft
2020-06-01 0 days 1,968 sqft
2020-07-01 0 days 1,841 sqft
2020-08-01 0 days 1,812 sqft
2020-09-01 0 days 1,812 sqft
2020-10-01 0 days 1,809 sqft
2020-11-01 0 days 1,812 sqft
2020-12-01 0 days 1,812 sqft
2021-01-01 0 days 1,812 sqft
2021-02-01 0 days 1,793 sqft
2021-03-01 0 days 1,793 sqft
2021-04-01 0 days 2,005 sqft
2021-05-01 0 days 2,139 sqft
2021-06-01 0 days 2,042 sqft
2021-07-01 0 days 1,811 sqft
2021-08-01 0 days 1,830 sqft
2021-09-01 0 days 1,830 sqft
2021-10-01 0 days 1,700 sqft
2021-11-01 0 days 1,668 sqft
2021-12-01 0 days 1,792 sqft
2022-01-01 0 days 1,854 sqft
2022-02-01 0 days 2,004 sqft
2022-03-01 0 days 1,870 sqft
2022-04-01 0 days 1,924 sqft
2022-05-01 0 days 1,835 sqft
2022-06-01 0 days 1,740 sqft
Forrest City's median listing age (time on market) for 2022-06-01 was 0 days.

Forrest City's median square footage for active listings during the 2022-06-01 period was 1,740 sqft. One year prior, the average listing was 2,042 sqft.