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!
