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.
Current Refinance Rates in Alaska
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.
- Type of LoanRateAPR
- Conventional 30 Year Fixed5.25 %5.25 %
- Conventional 20 Year Fixed5.281 %5.25 %
- Conventional 15 Year Fixed4.646 %4.625 %
- Conventional 10 Year ARM6.209 %5.75 %
- Conventional 7 Year ARM6.329 %5.625 %
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 calculator below to get a ballpark figure of your 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.
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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.
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- FRED. "Mortgage Rates." Accessed July 11, 2022.