Compare today's rates for Mortgage Refinance in AK
Mortgage rates for Alaska on Lender411 for 30-year fixed-rate mortgages are at 4.13%. That dropped from 4.21% to 4.13%. The 15-year fixed rates are now at 3.29%. The 5/1 ARM mortgage for Alaska is now at 3.17%.
If you are looking for up to the minute Alaska mortgage rates, you’ve come to the right place. Finding the lowest rates is easy when you have access to our vast network of trusted mortgage professionals in Alaska. Talk to multiple mortgage lenders in AK to compare rate quotes and understand your options.
Why is it critical to find the lowest rate when refinancing? Simply put, this is the entire goal of a refinance. The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan, the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan. This can literally save you thousands of dollars.
The loan types available in Alaska are much like those available elsewhere. One of the most widely available mortgage loan types is the 30 year fixed rate mortgage. As the name implies, this loan comes with a fixed interest rate. This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.
The adjustable rate mortgage (ARM) is another common loan type. You can also pursue a jumbo loan, interest-only loan, balloon mortgage, or other specialized loan type. Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender. Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.
Alaska's natural beauty and frontier spirit make it a great place to own a home. Alaska is the largest state in terms of area and is wealthy and ethnically diverse. There is no state sales tax in Alaska. Property taxes are extremely low, making Alaska a great place for home ownership.
Fairbanks, Juneau, and Anchorage are the most well-known cities in Alaska. There are many homes and lots available in these cities, and the local economies, which are dependent on tourism and natural products, are consistently thriving.
To learn more about homeownership in Alaska or research AK home buying programs, visit the Alaska HUD portal.
If you want to research your loan options further on your own, click on any of the links below.