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Alaska

Current Alaska Mortgage Rates

Compare Alaska mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Alaska.

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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Alaska Mortgage Rates as of May 23, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Alaska Mortgage Rates

May 23, 2022

Current mortgage rates in Alaska are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Alaska Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

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 $311,344

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Alaska is $51,012

With this income, you could qualify for a $280,209 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 $1,181

The median household income for Alaska is $81,751

Based on this income, you can afford a home valued at approximately $498,949

The home price you can afford to buy based on household income in Alaska is 160% 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