Alaska Mortgage Rates
Check Current Mortgage Rates
ALASKA CONFORMING 30 YEAR FIXED RATESToday's Average: 4.91% What does this mean?
About Mortgage Rates in Alaska
There is nothing cold about Alaska’s hot mortgage deals available to first-time, refinancing and second mortgage purchasers searching for the best fixed or adjustable rate. Cities all over Alaska from Anchorage, Kodiak, and Sterling all have one thing in common; ideal mortgage packages offering: the lowest interest rate, lowest payment, lowest interest expenses, or lowest closing costs.
We are confident in our ability to Alaska’s best mortgage deals and tools to secure mortgage packages to meet your specific needs. The free online tools will help you calculate your mortgage payment and even determine your tax benefits. Allow Mortgage 101 to help you today.
Fixed Rate Mortgages in Alaska
This is your parent's mortgage loan. The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage for the original borrower.
The 5/5 & 5/1 Adjustable Rate Mortgage
This mortgage type offers a stable payment and interest rate for the first five years. In the sixth year the interest rates, and therefore the payments, are adjusted every five years for the 5/5 arm and every year for the 5/1 arm.
Fixed Rate Mortgage
Other Mortgage Terms
Origination Fee - The fee charged by a lender to prepare loan documents make credit checks inspect and sometimes appraise a property; usually computed as a percentage of the face value of the loan.
Mortgage Insurance - Money paid to insure the mortgage when the down payment is less than 20 percent.
Annual Percentage Rate (APR) - The measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the annual percentage rate it provides consumers with a good basis for comparing the cost of different loans.
Closing Costs - Expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property. Closing costs normally include an origination fee property taxes charges for title insurance and escrow costs appraisal fees etc. Closing costs will vary according to the area country and the lenders used.