Looking at the start of the first week of 2013, rates have creeped up some over the holiday break. But don't worry, it's not too much of a change. Our 15-year fixed rate remains the same at 2.5 percent and our 20-year fixed rate is still at 3.125 percent, but our 30-year rate has risen from 3 percent to 3.125 percent with a raised APR of 3.2772 percent.

Wondering how the fiscall cliff decision will impact the housing market? This article from Yahoo! Finance offers insight into how the government's action or inaction to "not go over" the financial cliff will affect the housing market and possibly mortgage interest deductions. WIth the housing market finally showing some improvement, some fiscal cliff could hurt its progress. 

Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call it The Mortgage Statement.  

Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy way for you to get prequalified for a mortgage online and don't forget to also check out our Arkansas mortgage calculator.

If you have any questions, comments or concerns, we would love to hear from you. Just contact our Arkansas Mortgage Lenders and let us know what you need. 

Happy Monday,

Scott McElmurry

President & CEO of Bank of Little Rock Mortgage

NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our Today's Rates page.