Mortgage Rates in Hope, Arkansas — March 2026
Updated March 2026 | Based on Hope market data and regional lending conditions
Hope is a growing city in Arkansas with a population of 9,609. The current 30-year fixed mortgage rate in Hope is 6.79%, which is 0.14% above the national average. With a median home price of $145,000 and a 20% down payment of $29,000, homebuyers can expect a monthly principal and interest payment of approximately $755.
Current Mortgage Rates in Hope, AR
Below are the current average mortgage rates available in the Hope area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Hope Housing Market Overview
The Hope housing market offers relatively affordable housing compared to many major cities. The median household income in Hope is $48,400, and the cost of living index is 80.3 (national average = 100). Based on the 28% affordability rule, the median income in Hope is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Hope
Based on the median home price of $145,000 with 20% down ($29,000), here is what you can expect to pay monthly in Hope:
15-Year vs. 30-Year Mortgage in Hope
Choosing a 15-year mortgage in Hope at 6.02% instead of a 30-year at 6.79% would save you $95,400 in total interest over the life of the loan. However, your monthly payment would be $980 instead of $755 — an increase of $225 per month.
Calculate Your Hope Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Hope
What are the current mortgage rates in Hope, AR?
As of March 2026, the average 30-year fixed mortgage rate in Hope, Arkansas is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Hope?
Based on the median home price of $145,000 with 20% down, the estimated monthly mortgage payment in Hope is $755 for principal and interest. Including property taxes of $75/month, the total monthly housing cost is approximately $830.
What income do I need to buy a home in Hope?
Using the 28% rule, you would need an annual income of approximately $35,571 to afford the median-priced home in Hope at $145,000. The median household income in Hope is $48,400. The median income is currently sufficient to meet this threshold.
Is Hope a good place to buy a home in 2026?
Hope offers a below-average cost of living with a cost of living index of 80.3 (national average = 100). The property tax rate in Arkansas is 0.62%, which is below the national average. Hope has a population of 9,609 and offers a very affordable lifestyle.
Mortgage Rates in Other Arkansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hope, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.