Average U.S. rates on 30-year and 15-year fixed mortgages are still at historically low rates, even though rates have inched up recently.Low rates have helped brighten the outlook for home sales this year.
They have made home-buying more attractive to those who can qualify. The low rates are a key reason the housing industry is showing modest signs of a recovery this year.This summer, sales of both previously occupied homes and new homes rose near two-year highs. Builders are gaining more confidence in the market, breaking ground on more homes and requesting more permits to build single-family homes later this year.
A more stable job market also has made more people open to buying a home.
Some of the top mortgage lenders in Central Arkansas that are looking to lend to first time home buyers are Arvest Mortgage, Iberia Bank Mortgage, Regions Mortgage, Bank of America Mortgage, Bank of the Ozarks, Simmons First Mortgage, Metropolitan National Bank, First Security Bank, Bank of Little Rock Mortgage, The Carroll Mortgage Group, First Arkansas Mortgage, Centennial Bank, Arkansas Federal Credit Union, River Town Bank, First Service Bank, and US Bank Home Mortgage.
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