MoneyGeek compiled current mortgage refinance rates in Alaska to help you make an informed decision and choose a suitable loan option. See the table below for Alaska's current rates.
Today’s Refinance Rates in Alaska
Alaskan homeowners have an outstanding mortgage balance of $223,167 and pay roughly $1,201 per month. Mortgage refinancing may lower the Last Frontier residents' interest rates, reduce loan terms or switch loans.
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Lilian Mironga
Content Editor
Lilian Mironga is a content editor at MoneyGeek looking to grow in the personal finance space. Her mission is to lend a voice to the average person who wants to gain control of their finances. She muses that her joy revolves around exploring unique ways to make and save money and sharing these experiences that connect us. One financial tip at a time. Lilian has served in different creative and editorial capacities for websites and small businesses. One of her primary roles is to help enforce editorial lines across publications and convey clear messages to audiences. She previously worked as a managing editor for several pregnancy and parenting websites. She graduated from Mt. Kenya University with a Diploma in Clinical Medicine and Surgery. Over the years, she’s taken on assignments that utilize her health background. Lilian now dedicates her time to online publishing in different formatting styles and bringing a writer’s perspective to the editing process.
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Lilian Mironga
Content Editor
Lilian Mironga is a content editor at MoneyGeek looking to grow in the personal finance space. Her mission is to lend a voice to the average person who wants to gain control of their finances. She muses that her joy revolves around exploring unique ways to make and save money and sharing these experiences that connect us. One financial tip at a time. Lilian has served in different creative and editorial capacities for websites and small businesses. One of her primary roles is to help enforce editorial lines across publications and convey clear messages to audiences. She previously worked as a managing editor for several pregnancy and parenting websites. She graduated from Mt. Kenya University with a Diploma in Clinical Medicine and Surgery. Over the years, she’s taken on assignments that utilize her health background. Lilian now dedicates her time to online publishing in different formatting styles and bringing a writer’s perspective to the editing process.
Updated: January 18, 2024
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Current Refinance Rates in Alaska
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Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Alaska?
A "good" mortgage rate will vary across homeowners and must take into account your loan terms, loan amount, credit score, income, debts and more. It's wise to shop around and compare rates between different lenders in Alaska to find the best possible rate for your situation.
According to the Federal Reserve Bank of St. Louis, refinance rates in Alaska are currently lower than the national averages. For example, a 15-year FRM in Alaska is 3.98%, lower than the national average of 4.45%. Similarly, a 30-year FRM in the state is 4.7%, compared to the nation's 5.3%. However, A 5/1 ARM in Alaska is 6.63%, higher than the national average of 4.19%.
Since Alaska refinance rates fluctuate often, today's quote may differ significantly from next week's. Once you find a great deal, don't wait too long!
Estimate Your New Monthly Mortgage Payment
You can use MoneyGeek’s mortgage refinance calculator below to get a ballpark figure of your new monthly mortgage payment. Understand that your actual refinance rate in Alaska will vary based on frequently changing rates and personal factors like your credit score.
By Mandy Sleight, Licensed Insurance Agent
Frequently Asked Questions About Refinance Rates in Alaska
MoneyGeek addressed commonly asked questions about refinance rates in Alaska to help you learn more if you're unsure of where to start in your mortgage refinancing journey.
In Alaska, a good refinance rate varies based on your financial situation and needs. Weigh different options in Alaska to find a suitable offer.
Evaluate the current rates in Alaska and compare them to the mortgage refinancing deals that interest you. Through this, you'll be able to gauge what options are out of budget.
In Alaska, the average going rate is 4.70% for a 30-year FRM. Any rate equal to or below this may be good for you.
3.98% is the current average interest rate on a 15-year FRM in Alaska.
The average refinance rate in Alaska for a 5/1 ARM is 6.63%.
Read More on Mortgages
sources
- FRED. "Mortgage Rates." Accessed July 11, 2022.