Forrest City Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Forrest City averaged 6.84% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.65% and one month ago for the week of 2025-02-27, the average rate was 6.96%.

    Forrest City's average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Forrest City 30 Year Fixed Rate 2025-04-03 6.84%
    Forrest City 30 Year Fixed Rate Refi 2025-04-03 6.54%
    Forrest City 15 Year Fixed Rate 2025-04-03 6.02%
    Forrest City 15 Year Fixed Rate Refi 2025-04-03 6.32%
    Forrest City 30 Year FHA 2025-04-03 6.16%
    Forrest City 30 Year FHA Refi 2025-04-03 6.56%
    Forrest City 30 Year USDA 2025-04-03 6.52%
    Forrest City 30 Year USDA Refi 2025-04-03 6.32%
    Forrest City 30 Year VA 2025-04-03 6.16%
    Forrest City 30 Year VA Refi 2025-04-03 6.26%
    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 lender, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Arvest Bank 2 6.50% $2,991
    COMMUNITY MORTGAGE CORPORATION 1 7.25% $4,324
    DAS Acquisition Company, LLC 1 6.49% $2,736
    Eagle Bank and Trust Company 1 7.00% $5,630
    Farm Credit Mid-America, ACA 1 8.75% $5,998
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.25% $3,828
    QUICKEN LOANS, LLC 1 7.13% $5,364
    TEXAS TECH 1 7.00% $3,053

    Forrest City Average Closing Costs & Other Stats

    Forrest City, AR's 8 lenders originated 128 loans during 2024. The total origination value was $14,140,000, with an average loan value of $110,469.

    Forrest City's average closing costs are $4,362.

    The top Forrest City lender as defined by loan originations is Arvest Bank, with 2 loans originated. Their average total fees are $2,991, which is $1,334 lower than the next largest lender, COMMUNITY MORTGAGE CORPORATION.

    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 Mortgage 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    QUICKEN LOANS, LLC $1,365,000 $1,685,000 23.4% 11.9%
    First National Bank of Eastern Arkansas $940,000 $1,290,000 37.2% 9.1%
    Farm Credit Mid-America, ACA $495,000 $1,070,000 116.2% 7.6%
    Cross County Bank $1,280,000 $785,000 -38.7% 5.6%
    Eagle Bank and Trust Company $435,000 $695,000 59.8% 4.9%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $600,000 $665,000 10.8% 4.7%
    Bank OZK $575,000 n/a 4.1%
    EVERETT FINANCIAL, INC. $120,000 $445,000 270.8% 3.1%
    Southern Bancorp Bank $95,000 $435,000 357.9% 3.1%
    21ST MORTGAGE CORPORATION $380,000 $425,000 11.8% 3.0%
    MORTGAGE FINANCIAL SERVICES, LLC $280,000 $415,000 48.2% 2.9%
    PENNYMAC LOAN SERVICES, LLC $395,000 n/a 2.8%
    Evolve Bank & Trust $210,000 $295,000 40.5% 2.1%
    PENTAGON FEDERAL CREDIT UNION $265,000 n/a 1.9%
    COMMUNITY MORTGAGE CORPORATION $290,000 $260,000 -10.3% 1.8%
    Ixonia Bank $255,000 n/a 1.8%
    MUTUAL OF OMAHA MORTGAGE, INC. $250,000 n/a 1.8%
    Arvest Bank $290,000 $240,000 -17.2% 1.7%
    USAA Federal Savings Bank $235,000 n/a 1.7%
    LOANDEPOT.COM, LLC $75,000 $225,000 200.0% 1.6%
    PLAZA HOME MORTGAGE, INC. $225,000 n/a 1.6%
    UNITED WHOLESALE MORTGAGE, LLC $125,000 $215,000 72.0% 1.5%
    DAS Acquisition Company, LLC $1,190,000 $210,000 -82.4% 1.5%
    TEXAS TECH $195,000 n/a 1.4%
    Carrington Mortgage Services, LLC $190,000 n/a 1.3%
    Mortgage Research Center, LLC $310,000 $185,000 -40.3% 1.3%
    Bank of England $175,000 n/a 1.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $230,000 $175,000 -23.9% 1.2%
    TOP FLITE FINANCIAL, INC. $165,000 n/a 1.2%
    Wolfe Financial, Inc $165,000 n/a 1.2%
    NEWREZ LLC $55,000 $150,000 172.7% 1.1%
    NEW DAY FINANCIAL, LLC $135,000 n/a 1.0%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $130,000 n/a 0.9%
    TRIAD FINANCIAL SERVICES, INC. $125,000 n/a 0.9%
    BROKER SOLUTIONS, INC. $205,000 $95,000 -53.7% 0.7%
    CSL Financial, LLC $85,000 n/a 0.6%
    Regions Bank $300,000 $80,000 -73.3% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $75,000 n/a 0.5%
    SUCCESS Federal Credit Union $75,000 $70,000 -6.7% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $235,000 $55,000 -76.6% 0.4%
    Fidelity National Bank $355,000 $55,000 -84.5% 0.4%
    First Financial Bank $145,000 $45,000 -69.0% 0.3%
    Coastal Community Bank $25,000 $35,000 40.0% 0.2%
    ARKANSAS Federal Credit Union $75,000 $15,000 -80.0% 0.1%
    Figure Lending LLC $15,000 n/a 0.1%

    Forrest City's top lender by overall market share is QUICKEN LOANS, LLC, with 11.9% market share. In second place, with 9.1%, is First National Bank of Eastern Arkansas, having originated $1,290,000 in loans. In third place, with 7.6%, is Farm Credit Mid-America, ACA, having originated $1,070,000 in loans. In fourth place, with 5.6%, is Cross County Bank, having originated $785,000 in loans. In fifth place, with 4.9%, is Eagle Bank and Trust Company, having originated $695,000 in loans.

    Forrest City Housing Market Trends (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 $104,925 (6.0%) $126,074 (-0.8%) 0.00 73
    2018-02-01 $112,500 (15.4%) $127,943 (-1.0%) 0.00 74
    2018-03-01 $115,000 (21.1%) $145,215 (17.3%) 0.00 71
    2018-04-01 $121,500 (24.0%) $150,681 (17.0%) 0.00 66
    2018-05-01 $120,375 (26.1%) $148,337 (17.7%) 0.00 64
    2018-06-01 $117,000 (27.6%) $147,259 (13.5%) 0.00 64
    2018-07-01 $120,375 (21.6%) $149,251 (11.3%) 0.00 60
    2018-08-01 $111,250 (12.1%) $143,534 (14.1%) 0.00 58
    2018-09-01 $100,000 (-2.3%) $139,415 (1.7%) 0.00 53
    2018-10-01 $105,000 (3.8%) $143,673 (12.0%) 0.00 55
    2018-11-01 $100,000 (1.0%) $138,199 (16.5%) 0.00 60
    2018-12-01 $99,900 (0.0%) $134,397 (8.9%) 0.00 58
    2019-01-01 $99,225 (-5.4%) $116,422 (-7.7%) 0.00 57
    2019-02-01 $109,000 (-3.1%) $142,759 (11.6%) 0.00 57
    2019-03-01 $107,857 (-6.2%) $140,297 (-3.4%) 0.00 57
    2019-04-01 $105,000 (-13.6%) $137,297 (-8.9%) 0.00 57
    2019-05-01 $106,175 (-11.8%) $139,907 (-5.7%) 0.00 54
    2019-06-01 $110,000 (-6.0%) $147,559 (0.2%) 0.00 50
    2019-07-01 $105,000 (-12.8%) $149,332 (0.1%) 0.00 48
    2019-08-01 $103,227 (-7.2%) $142,122 (-1.0%) 0.00 49
    2019-09-01 $100,568 (0.6%) $130,350 (-6.5%) 0.00 53
    2019-10-01 $98,795 (-5.9%) $122,986 (-14.4%) 0.00 56
    2019-11-01 $91,250 (-8.8%) $130,691 (-5.4%) 0.00 58
    2019-12-01 $103,500 (3.6%) $140,109 (4.3%) 0.00 60
    2020-01-01 $95,100 (-4.2%) $136,154 (17.0%) 0.00 57
    2020-02-01 $89,950 (-17.5%) $136,567 (-4.3%) 0.00 56
    2020-03-01 $91,750 (-14.9%) $141,874 (1.1%) 0.00 58
    2020-04-01 $87,200 (-17.0%) $139,817 (1.8%) 0.00 50
    2020-05-01 $89,900 (-15.3%) $145,887 (4.3%) 0.00 49
    2020-06-01 $123,675 (12.4%) $156,642 (6.2%) 0.00 45
    2020-07-01 $111,500 (6.2%) $152,436 (2.1%) 0.00 40
    2020-08-01 $124,950 (21.0%) $157,990 (11.2%) 0.00 37
    2020-09-01 $114,000 (13.4%) $148,558 (14.0%) 0.00 44
    2020-10-01 $111,000 (12.4%) $148,424 (20.7%) 0.00 44
    2020-11-01 $115,250 (26.3%) $149,623 (14.5%) 0.00 43
    2020-12-01 $118,500 (14.5%) $153,199 (9.3%) 0.00 42
    2021-01-01 $118,500 (24.6%) $167,034 (22.7%) 0.00 30
    2021-02-01 $104,750 (16.5%) $163,937 (20.0%) 0.00 31
    2021-03-01 $97,250 (6.0%) $162,791 (14.7%) 0.00 30
    2021-04-01 $107,250 (23.0%) $167,856 (20.1%) 0.00 26
    2021-05-01 $120,000 (33.5%) $182,904 (25.4%) 0.00 22
    2021-06-01 $113,500 (-8.2%) $180,476 (15.2%) 0.00 26
    2021-07-01 $98,100 (-12.0%) $161,166 (5.7%) 0.00 26
    2021-08-01 $105,000 (-16.0%) $160,033 (1.3%) 0.00 32
    2021-09-01 $122,000 (7.0%) $165,845 (11.6%) 0.00 30
    2021-10-01 $119,000 (7.2%) $155,777 (5.0%) 0.00 29
    2021-11-01 $114,000 (-1.1%) $153,926 (2.9%) 0.00 26
    2021-12-01 $125,000 (5.5%) $159,178 (3.9%) 0.00 25
    2022-01-01 $125,000 (5.5%) $166,826 (-0.1%) 0.00 25
    2022-02-01 $115,725 (10.5%) $164,946 (0.6%) 0.00 31
    2022-03-01 $109,000 (12.1%) $149,988 (-7.9%) 0.00 31
    2022-04-01 $114,300 (6.6%) $164,031 (-2.3%) 0.00 31
    2022-05-01 $123,750 (3.1%) $162,766 (-11.0%) 0.00 31
    2022-06-01 $126,000 (11.0%) $172,679 (-4.3%) 0.00 32
    2022-07-01 $120,000 (22.3%) $157,071 (-2.5%) 0.00 39
    2022-08-01 $124,950 (19.0%) $177,521 (10.9%) 0.00 40
    2022-09-01 $125,000 (2.5%) $195,297 (17.8%) 0.00 39
    2022-10-01 $109,900 (-7.7%) $180,245 (15.7%) 0.00 44
    2022-11-01 $107,425 (-5.8%) $171,179 (11.2%) 0.00 49
    2022-12-01 $109,000 (-12.8%) $168,546 (5.9%) 0.00 46
    2023-01-01 $128,100 (2.5%) $180,088 (8.0%) 0.00 38
    2023-02-01 $129,700 (12.1%) $179,241 (8.7%) 0.00 38
    2023-03-01 $130,000 (19.3%) $180,351 (20.2%) 0.00 36
    2023-04-01 $130,000 (13.7%) $180,705 (10.2%) 0.00 33
    2023-05-01 $124,925 (1.0%) $202,684 (24.5%) 0.00 27
    2023-06-01 $180,975 (43.6%) $231,291 (33.9%) 0.00 30
    2023-07-01 $186,000 (55.0%) $232,663 (48.1%) 0.00 36
    2023-08-01 $148,700 (19.0%) $203,122 (14.4%) 0.00 39
    2023-09-01 $127,500 (2.0%) $172,940 (-11.5%) 0.00 46
    2023-10-01 $124,950 (13.7%) $162,634 (-9.8%) 0.00 47
    2023-11-01 $151,625 (41.1%) $200,955 (17.4%) 0.00 29
    2023-12-01 $163,500 (50.0%) $196,094 (16.3%) 0.00 31
    2024-01-01 $172,225 (34.5%) $209,256 (16.2%) 0.00 23
    2024-02-01 $153,000 (18.0%) $188,223 (5.0%) 0.00 28
    2024-03-01 $157,000 (20.8%) $214,153 (18.7%) 0.00 26
    2024-04-01 $159,000 (22.3%) $210,414 (16.4%) 0.00 30
    2024-05-01 $142,975 (14.5%) $202,578 (-0.1%) 0.00 32
    2024-06-01 $119,900 (-33.8%) $183,664 (-20.6%) 0.00 43
    2024-07-01 $119,450 (-35.8%) $189,503 (-18.6%) 0.00 42
    2024-08-01 $139,250 (-6.4%) $203,013 (-0.1%) 0.00 36
    2024-09-01 $129,500 (1.6%) $205,483 (18.8%) 0.00 35
    2024-10-01 $121,250 (-3.0%) $190,182 (16.9%) 0.00 30
    2024-11-01 $128,000 (-15.6%) $175,799 (-12.5%) 0.00 27
    2024-12-01 $120,475 (-26.3%) $166,158 (-15.3%) 0.00 27
    2025-01-01 $115,000 (-33.2%) $202,710 (-3.1%) 0.00 23
    2025-02-01 $128,500 (-16.0%) $207,864 (10.4%) 0.00 25
    2025-03-01 $129,000 (-17.8%) $211,048 (-1.5%) 0.00 26
    Forrest City's median listing price for 2025-03-01 was $129,000, a difference of $-28,000 (-17.8%) versus the prior year and $500 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 2025-03-01 was $211,048, a difference of $-3,105 (-1.5%) versus the prior year and $3,184 versus the prior month.

    For the 2025-03-01 period, Forrest City had 26 MLS listings, a difference of 1 listings (4%) versus the prior month and 0 listings (0%) 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 1,787 sqft
    2018-02-01 0 days 1,923 sqft
    2018-03-01 0 days 1,944 sqft
    2018-04-01 0 days 1,987 sqft
    2018-05-01 0 days 1,967 sqft
    2018-06-01 0 days 1,935 sqft
    2018-07-01 0 days 1,928 sqft
    2018-08-01 0 days 1,870 sqft
    2018-09-01 0 days 1,870 sqft
    2018-10-01 0 days 1,905 sqft
    2018-11-01 0 days 1,951 sqft
    2018-12-01 0 days 1,935 sqft
    2019-01-01 0 days 1,895 sqft
    2019-02-01 0 days 1,967 sqft
    2019-03-01 0 days 2,009 sqft
    2019-04-01 0 days 2,005 sqft
    2019-05-01 0 days 2,004 sqft
    2019-06-01 0 days 2,057 sqft
    2019-07-01 0 days 1,996 sqft
    2019-08-01 0 days 1,804 sqft
    2019-09-01 0 days 1,706 sqft
    2019-10-01 0 days 1,640 sqft
    2019-11-01 0 days 1,719 sqft
    2019-12-01 0 days 1,697 sqft
    2020-01-01 0 days 1,758 sqft
    2020-02-01 0 days 1,695 sqft
    2020-03-01 0 days 1,870 sqft
    2020-04-01 0 days 1,768 sqft
    2020-05-01 0 days 1,767 sqft
    2020-06-01 0 days 1,893 sqft
    2020-07-01 0 days 1,793 sqft
    2020-08-01 0 days 1,793 sqft
    2020-09-01 0 days 1,801 sqft
    2020-10-01 0 days 1,792 sqft
    2020-11-01 0 days 1,800 sqft
    2020-12-01 0 days 1,825 sqft
    2021-01-01 0 days 1,841 sqft
    2021-02-01 0 days 1,774 sqft
    2021-03-01 0 days 1,783 sqft
    2021-04-01 0 days 1,836 sqft
    2021-05-01 0 days 1,870 sqft
    2021-06-01 0 days 1,847 sqft
    2021-07-01 0 days 1,776 sqft
    2021-08-01 0 days 1,798 sqft
    2021-09-01 0 days 1,835 sqft
    2021-10-01 0 days 1,700 sqft
    2021-11-01 0 days 1,668 sqft
    2021-12-01 0 days 1,817 sqft
    2022-01-01 0 days 1,863 sqft
    2022-02-01 0 days 1,996 sqft
    2022-03-01 0 days 1,716 sqft
    2022-04-01 0 days 1,897 sqft
    2022-05-01 0 days 1,754 sqft
    2022-06-01 0 days 1,667 sqft
    2022-07-01 0 days 1,631 sqft
    2022-08-01 0 days 1,629 sqft
    2022-09-01 0 days 1,680 sqft
    2022-10-01 0 days 1,530 sqft
    2022-11-01 0 days 1,417 sqft
    2022-12-01 0 days 1,369 sqft
    2023-01-01 0 days 1,408 sqft
    2023-02-01 0 days 1,594 sqft
    2023-03-01 0 days 1,793 sqft
    2023-04-01 0 days 1,731 sqft
    2023-05-01 0 days 1,670 sqft
    2023-06-01 0 days 1,775 sqft
    2023-07-01 0 days 1,769 sqft
    2023-08-01 0 days 1,680 sqft
    2023-09-01 0 days 1,440 sqft
    2023-10-01 0 days 1,470 sqft
    2023-11-01 0 days 1,638 sqft
    2023-12-01 0 days 1,857 sqft
    2024-01-01 0 days 1,927 sqft
    2024-02-01 0 days 1,925 sqft
    2024-03-01 0 days 1,922 sqft
    2024-04-01 0 days 1,924 sqft
    2024-05-01 0 days 1,638 sqft
    2024-06-01 0 days 1,634 sqft
    2024-07-01 0 days 1,632 sqft
    2024-08-01 0 days 1,678 sqft
    2024-09-01 0 days 1,762 sqft
    2024-10-01 0 days 1,909 sqft
    2024-11-01 0 days 1,728 sqft
    2024-12-01 0 days 1,693 sqft
    2025-01-01 0 days 1,827 sqft
    2025-02-01 0 days 1,788 sqft
    2025-03-01 0 days 1,842 sqft
    Forrest City's median listing age (time on market) for 2025-03-01 was 0 days.

    Forrest City's median square footage for active listings during the 2025-03-01 period was 1,842 sqft. One year prior, the average listing was 1,922 sqft.

    Forrest City, AR Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 65 $8,755,000 $134,692
    Cash Out Refi 22 $2,470,000 $112,273
    Refi 17 $1,395,000 $82,059
    Home Improvement 12 $640,000 $53,333
    Other 12 $880,000 $73,333

    Forrest City's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 40 $6,030,000 $150,750
    Over 8% 19 $2,005,000 $105,526
    7-8% 16 $1,590,000 $99,375
    5-6% 11 $1,975,000 $179,545
    <2.5% 1 $165,000 $165,000
    4-5% 1 $75,000 $75,000

    During 2024, Forrest City's most frequently originated rate bucket was 6-7%, with 40 originations.

    Loan Sizing (Forrest City, AR MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 74 $3,770,000 $50,946
    $100k-200k 38 $5,560,000 $146,316
    $200k-400k 14 $3,470,000 $247,857
    $400k-600k 1 $575,000 $575,000
    $600k-1000k 1 $765,000 $765,000

    Forrest City's loan sizing saw the bucket of loans from $100,000 or less with 74 originations, totaling $3,770,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 46 $7,460,000 $162,174
    60-80% 20 $2,650,000 $132,500
    40-60% 7 $965,000 $137,857
    Under 20% 7 $95,000 $13,571
    20-40% 5 $205,000 $41,000
    Over 100% 2 $380,000 $190,000

    Forrest City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 46 originations, totaling $7,460,000 in origination value.