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 6.9% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.68% and one month ago for the week of 2024-03-14, the average rate was 6.64%.

    Forrest City's average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Forrest City 30 Year Fixed Rate 2024-04-18 6.9%
    Forrest City 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Forrest City 15 Year Fixed Rate 2024-04-18 6.39%
    Forrest City 15 Year Fixed Rate Refi 2024-04-18 6.79%
    Forrest City 30 Year FHA 2024-04-18 6.66%
    Forrest City 30 Year FHA Refi 2024-04-18 6.76%
    Forrest City 30 Year USDA 2024-04-18 6.76%
    Forrest City 30 Year USDA Refi 2024-04-18 7.06%
    Forrest City 30 Year VA 2024-04-18 6.96%
    Forrest City 30 Year VA Refi 2024-04-18 6.76%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Regions Bank 3 6.50% $4,378
    QUICKEN LOANS, LLC 2 6.13% $6,888
    DAS Acquisition Company, LLC 1 6.50% $5,267
    ENDEAVOR CAPITAL, LLC. 1 6.99% $5,712
    Farm Credit Mid-America, ACA 1 6.75% $9,363
    First Financial Bank 1 8.00% $1,482
    FirstTrust Home Loans, Inc. 1 7.99% $4,135
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $6,063
    Mortgage Research Center, LLC 1 6.88% $935
    PREMIA MORTGAGE, LLC 1 6.88% $4,383
    Renasant Bank 1 6.75% $3,249
    UNITED WHOLESALE MORTGAGE, LLC 1 7.88% $7,504
    U.S. Bank 1 5.50% $9,708
    BROKER SOLUTIONS, INC. 1 6.38% $10,465
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $5,826
    Centennial Bank 1 6.63% $3,657

    Forrest City Average Closing Costs & Other Stats

    Forrest City, AR's 16 lenders originated 135 loans during 2023. The total origination value was $16,415,000, with an average loan value of $121,593.

    Forrest City's average closing costs are $4,179.

    The top Forrest City lender as defined by loan originations is Regions Bank, with 3 loans originated. Their average total fees are $4,378, which is $2,509 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 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    QUICKEN LOANS, LLC $2,285,000 $1,365,000 -40.3% 8.3%
    Cross County Bank $1,280,000 n/a 7.8%
    DAS Acquisition Company, LLC $2,040,000 $1,190,000 -41.7% 7.2%
    FirstTrust Home Loans, Inc. $2,730,000 $1,070,000 -60.8% 6.5%
    First National Bank of Eastern Arkansas $1,545,000 $940,000 -39.2% 5.7%
    FLAT BRANCH MORTGAGE, INC. $780,000 n/a 4.8%
    Community Bank of Mississippi $665,000 n/a 4.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $805,000 $600,000 -25.5% 3.7%
    Farm Credit Mid-America, ACA $495,000 n/a 3.0%
    U.S. Bank $160,000 $450,000 181.3% 2.7%
    Eagle Bank and Trust Company $400,000 $435,000 8.8% 2.7%
    21ST MORTGAGE CORPORATION $500,000 $380,000 -24.0% 2.3%
    Fidelity National Bank $355,000 n/a 2.2%
    Mortgage Research Center, LLC $1,125,000 $310,000 -72.4% 1.9%
    Regions Bank $260,000 $300,000 15.4% 1.8%
    Arvest Bank $60,000 $290,000 383.3% 1.8%
    COMMUNITY MORTGAGE CORPORATION $290,000 n/a 1.8%
    MORTGAGE FINANCIAL SERVICES, LLC $120,000 $280,000 133.3% 1.7%
    Pinnacle Bank $245,000 n/a 1.5%
    CROSSCOUNTRY MORTGAGE, LLC $235,000 n/a 1.4%
    FREEDOM MORTGAGE CORPORATION $145,000 $235,000 62.1% 1.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $300,000 $230,000 -23.3% 1.4%
    Evolve Bank & Trust $105,000 $210,000 100.0% 1.3%
    BROKER SOLUTIONS, INC. $205,000 n/a 1.2%
    PREMIA MORTGAGE, LLC $185,000 n/a 1.1%
    Centennial Bank $165,000 n/a 1.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $125,000 $155,000 24.0% 0.9%
    Wells Fargo Bank $400,000 $155,000 -61.3% 0.9%
    First Financial Bank $145,000 n/a 0.9%
    CREDIT HUMAN FEDERAL CREDIT UNION $135,000 n/a 0.8%
    Renasant Bank $135,000 n/a 0.8%
    SENTE MORTGAGE, INC. $135,000 n/a 0.8%
    ENDEAVOR CAPITAL, LLC. $125,000 n/a 0.8%
    THRIVE MORTGAGE, LLC $125,000 n/a 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $240,000 $125,000 -47.9% 0.8%
    VILLAGE CAPITAL MORTGAGE $125,000 n/a 0.8%
    EVERETT FINANCIAL, INC. $120,000 n/a 0.7%
    Memphis City Employees Credit Union $95,000 n/a 0.6%
    Southern Bancorp Bank $95,000 n/a 0.6%
    CIS Financial Services, Inc. $85,000 n/a 0.5%
    Today's Bank $85,000 n/a 0.5%
    ARKANSAS Federal Credit Union $75,000 n/a 0.5%
    LOANDEPOT.COM, LLC $125,000 $75,000 -40.0% 0.5%
    SUCCESS Federal Credit Union $265,000 $75,000 -71.7% 0.5%
    PHH Mortgage Corporation $65,000 n/a 0.4%
    NEWREZ LLC $55,000 n/a 0.3%
    BancorpSouth $55,000 $45,000 -18.2% 0.3%
    Coastal Community Bank $25,000 n/a 0.2%

    Forrest City's top lender by overall market share is QUICKEN LOANS, LLC, with 8.3% market share. In second place, with 7.8%, is Cross County Bank, having originated $1,280,000 in loans. In third place, with 7.2%, is DAS Acquisition Company, LLC, having originated $1,190,000 in loans. In fourth place, with 6.5%, is FirstTrust Home Loans, Inc., having originated $1,070,000 in loans. In fifth place, with 5.7%, is First National Bank of Eastern Arkansas, having originated $940,000 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
    Forrest City's median listing price for 2024-03-01 was $157,000, a difference of $27,000 (20.8%) versus the prior year and $4,000 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 2024-03-01 was $214,153, a difference of $33,802 (18.7%) versus the prior year and $25,930 versus the prior month.

    For the 2024-03-01 period, Forrest City had 26 MLS listings, a difference of -2 listings (-7%) versus the prior month and -10 listings (-28%) 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 1,825 sqft
    2018-02-01 0 days 1,937 sqft
    2018-03-01 0 days 1,963 sqft
    2018-04-01 0 days 2,036 sqft
    2018-05-01 0 days 1,996 sqft
    2018-06-01 0 days 1,946 sqft
    2018-07-01 0 days 1,934 sqft
    2018-08-01 0 days 1,883 sqft
    2018-09-01 0 days 1,895 sqft
    2018-10-01 0 days 1,946 sqft
    2018-11-01 0 days 1,963 sqft
    2018-12-01 0 days 1,956 sqft
    2019-01-01 0 days 1,946 sqft
    2019-02-01 0 days 1,996 sqft
    2019-03-01 0 days 2,051 sqft
    2019-04-01 0 days 2,017 sqft
    2019-05-01 0 days 2,008 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
    Forrest City's median listing age (time on market) for 2024-03-01 was 0 days.

    Forrest City's median square footage for active listings during the 2024-03-01 period was 1,922 sqft. One year prior, the average listing was 1,793 sqft.

    Forrest City, AR Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 79 $9,645,000 $122,089
    Refi 24 $4,600,000 $191,667
    Home Improvement 17 $935,000 $55,000
    Cash Out Refi 9 $985,000 $109,444
    Other 6 $250,000 $41,667

    Forrest City's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 24 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 44 $6,390,000 $145,227
    7-8% 24 $3,480,000 $145,000
    Over 8% 11 $835,000 $75,909
    5-6% 9 $1,685,000 $187,222
    <2.5% 1 $5,000 $5,000
    4-5% 1 $135,000 $135,000
    3-4% 1 $155,000 $155,000

    During 2023, Forrest City's most frequently originated rate bucket was 6-7%, with 44 originations.

    Loan Sizing (Forrest City, AR MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 72 $3,520,000 $48,889
    $100k-200k 43 $6,045,000 $140,581
    $200k-400k 15 $3,655,000 $243,667
    $600k-1000k 3 $2,275,000 $758,333
    $400k-600k 2 $920,000 $460,000

    Forrest City's loan sizing saw the bucket of loans from $100,000 or less with 72 originations, totaling $3,520,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 58 $8,560,000 $147,586
    60-80% 14 $2,270,000 $162,143
    20-40% 6 $900,000 $150,000
    40-60% 5 $525,000 $105,000
    Under 20% 5 $65,000 $13,000
    Over 100% 3 $365,000 $121,667

    Forrest City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 58 originations, totaling $8,560,000 in origination value.