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Anchorage

Current Mortgage Rates in Anchorage, Alaska

Compare mortgage rates and fees for leading lenders in Anchorage, AK. 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 lender offering the best mortgage rates in Anchorage.

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

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Mortgage Rates in Anchorage, AK as of December 11, 2019
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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.

How Do Today's Anchorage, AK Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Anchorage 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
Anchorage, AK 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 Anchorage, Alaska?

The median home value for Anchorage, AK is $321,280

The median household income for Anchorage, AK is $84,786

Based on current mortgage rates and a 10% down payment, you need to make $59,608 per year to buy the median priced home in Anchorage

The home price you can afford to buy based on household income in Anchorage is 142% of the median home value which means housing prices are average

Anchorage ranks 24 out of 29 counties in Alaska and 2,641 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Anchorage, AK is average

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Loan Limits for Anchorage, Alaska

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Anchorage below.

Conforming loan limits for Anchorage, AK

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

FHA loan limits for Anchorage, AK

1 unit: $401,350
2 units: $513,800
3 units: $621,050
4 units: $771,850

VA loan limits for Anchorage, AK

1 unit: $726,525

Additional Mortgage Resources for Anchorage, AK 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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index