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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 July 9, 2020
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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.
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How Do Today's Alaska Mortgage Rates Compare?

July 9, 2020

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%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Alaska?

Below we offer valuable insights on the housing market and real estate prices in Alaska. Understand how much you need to make to buy a house in Alaska, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Alaska is affordable for you. We provide this helpful information to help you decide if living in Alaska is right for you.

The median home value for Alaska is $286,642

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Alaska is $51,588

With this income, you could qualify for a $257,978 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Alaska is $1,195

The median household income for Alaska is $79,773

Based on this income, you can afford a home valued at approximately $443,250

The home price you can afford to buy based on household income in Alaska is 155% of the median home value which means housing prices are average. Alaska ranks 22 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