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Alaska

Current Alaska Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Alaska. Review free, personalized mortgage rates for Alaska based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Alaska. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Alaska as of October 23, 2019
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Get Personalized Mortgage Quotes for Alaska

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Alaska Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Alaska is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Alaska Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Alaska?

The median home value for Alaska is $277,454

The median household income for Alaska is $77,953

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Alaska is $51,476

The home price you can afford to buy based on household income in Alaska is 151% of the median home value which means housing prices are average. Alaska ranks 23 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Alaska is average

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Additional Mortgage Resources for Alaska Residents

Mortgage Rates for Alaska Cities

Anchorage Mortgage Rates

Fairbanks Mortgage Rates

Juneau Mortgage Rates

Kenai Peninsula Mortgage Rates

Matanuska Susitna Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index