Mortgage Rates in Lowell, Arkansas — March 2026
Updated March 2026 | Based on Lowell market data and regional lending conditions
Lowell is a growing city in Arkansas with a population of 10,377. The current 30-year fixed mortgage rate in Lowell is 6.66%, which is 0.01% above the national average. With a median home price of $144,000 and a 20% down payment of $28,800, homebuyers can expect a monthly principal and interest payment of approximately $740.
Current Mortgage Rates in Lowell, AR
Below are the current average mortgage rates available in the Lowell 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 | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Lowell Housing Market Overview
The Lowell housing market offers relatively affordable housing compared to many major cities. The median household income in Lowell is $49,800, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, the median income in Lowell is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lowell
Based on the median home price of $144,000 with 20% down ($28,800), here is what you can expect to pay monthly in Lowell:
15-Year vs. 30-Year Mortgage in Lowell
Choosing a 15-year mortgage in Lowell at 5.92% instead of a 30-year at 6.66% would save you $92,340 in total interest over the life of the loan. However, your monthly payment would be $967 instead of $740 — an increase of $227 per month.
Calculate Your Lowell 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 Lowell
What are the current mortgage rates in Lowell, AR?
As of March 2026, the average 30-year fixed mortgage rate in Lowell, Arkansas is 6.66%, while the 15-year fixed rate is 5.92%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in Lowell?
Based on the median home price of $144,000 with 20% down, the estimated monthly mortgage payment in Lowell is $740 for principal and interest. Including property taxes of $77/month, the total monthly housing cost is approximately $817.
What income do I need to buy a home in Lowell?
Using the 28% rule, you would need an annual income of approximately $35,014 to afford the median-priced home in Lowell at $144,000. The median household income in Lowell is $49,800. The median income is currently sufficient to meet this threshold.
Is Lowell a good place to buy a home in 2026?
Lowell offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in Arkansas is 0.64%, which is below the national average. Lowell has a population of 10,377 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 Lowell, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.