Mortgage Rates in Alaska — June 2026
Compare mortgage rate benchmarks across 45 cities in Alaska. Amortio's estimated state average for a 30-year fixed loan is 6.75%, which is 0.27% above the Freddie Mac national benchmark of 6.48% from June 4, 2026. These figures are informational estimates, not lender quotes or APR offers.
What is the current Alaska mortgage-rate benchmark?
Amortio's Alaska state table shows an estimated 6.75% 30-year benchmark across 45 cities, versus Freddie Mac's 6.48% national 30-year PMMS benchmark from June 4, 2026. Use it to compare city payments, then request same-day lender Loan Estimates for APR, points, fees, lock period, and cash-to-close.
How to Read Alaska Mortgage Rates
Alaska is not one uniform mortgage market. The rate table below covers 45 cities, but the real payment difference comes from home price, income, property taxes, loan size, and whether a borrower fits conventional, FHA, VA, or jumbo pricing. Use this page to compare cities first, then use lender quotes for final APR and fee decisions.
- At the state-average payment of $1,471 per month and median income of $72,664, Alaska looks close to the traditional affordability line for many households.
- The observed city-level 30-year benchmark spread is 0.29 percentage points, from 6.61% to 6.9%. Even small rate differences matter more in expensive cities because they apply to larger loan balances.
- Property taxes are material but not the only factor; rate, loan size, and insurance assumptions can move the final payment just as much.
- For buyers comparing down payment choices, pair this state page with the PMI calculator, affordability calculator, and closing cost estimator before assuming the lowest advertised rate creates the lowest total cost.
Payment-Efficient Alaska Cities
| City | P&I / Income | Monthly P&I | Median Income | 30-Year Rate |
|---|---|---|---|---|
| Emmonak | 14.9% | $1,077 | $87,000 | 6.87% |
| Unalaska | 17.8% | $1,176 | $79,200 | 6.82% |
| Haines | 18.3% | $1,181 | $77,500 | 6.78% |
| Cordova | 18.4% | $1,179 | $76,800 | 6.76% |
| Butte | 18.6% | $1,143 | $73,700 | 6.76% |
Highest-Priced Alaska Markets to Stress-Test
Alaska Mortgage Quote Comparison Worksheet
Use this checklist before choosing between lender quotes, state assistance, builder credits, or a temporary buydown. It is built to catch the costs that do not show up in a simple rate table.
| Line Item | What to Compare |
|---|---|
| Rate vs APR | APR exposes points, lender fees, and credits that can hide inside a lower advertised rate. |
| Cash to close | Compare down payment, closing costs, prepaid taxes, insurance escrow, and any assistance or seller credit. |
| Payment after escrow | Alaska buyers should compare principal, interest, property tax, insurance, HOA or condo dues, and mortgage insurance together. |
| Assistance terms | Down payment assistance can be a grant, forgivable second, deferred second, or repayable loan; the repayment rule changes the real cost. |
| Rate lock and buydown | Temporary buydowns and lender credits can improve the first-year payment while leaving a higher long-run payment. |
A strong Alaska mortgage comparison should include at least two lender Loan Estimates plus one program or assistance check where available. Pair this worksheet with the affordability calculator, PMI calculator, and closing cost estimator.
Alaska AHFC First Home & Rural Mortgage Notes
Alaska borrowers should compare the statewide mortgage-rate benchmark with AHFC loan programs, rural property appraisal risk, heating and insurance costs, and whether a first-time buyer program changes the best loan choice. This page is for planning and comparison, not a lender quote or APR offer.
- Alaska Housing Finance Corporation lists First Home and First Home Limited loans for first-time homebuyers, with First Home Limited offering a reduced interest rate to eligible borrowers.
- AHFC publishes current rate tables and says buyers should contact an AHFC-approved lender for qualification and APR information.
- Alaska payments can be affected by heating fuel, insurance, appraisal logistics, rural access, and property condition in ways a rate-only comparison misses.
- Anchorage, Fairbanks, Juneau, Wasilla, Palmer, Kenai, and rural markets can have very different payment and closing assumptions under the same national benchmark.
Alaska Loan Limit, AHFC & Rural Checks
| Area | Conforming | FHA | Why It Matters |
|---|---|---|---|
| Alaska conventional loans | Use FHFA lookup | Use HUD lookup | Verify county or census-area limits before deciding conforming, FHA, VA, USDA, or jumbo. |
| AHFC First Home or First Home Limited | Program-specific | Program-specific | Eligibility, rate, income, property, and lender rules should be checked with an AHFC-approved lender. |
| Rural or remote Alaska purchase | Property-specific | HUD county lookup | Appraisal access, utilities, heating, insurance, and property condition can affect approval and closing timelines. |
Official Alaska Mortgage Sources
Alaska Housing Highlights
All 45 Cities in Alaska
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Anchorage | 6.7% | $355,000 | $1,833 | 291,247 |
| Juneau | 6.7% | $415,000 | $2,142 | 32,255 |
| Fairbanks | 6.7% | $275,000 | $1,420 | 31,535 |
| Chevak | 6.62% | $460,000 | $2,355 | 27,601 |
| Hoonah | 6.73% | $425,000 | $2,201 | 26,765 |
| Eagle River | 6.67% | $276,000 | $1,420 | 25,650 |
| Steele Creek | 6.9% | $370,000 | $1,949 | 22,182 |
| Wasilla Lakes | 6.79% | $375,000 | $1,954 | 19,814 |
| Badger | 6.74% | $290,000 | $1,503 | 19,482 |
| Knik-Fairview | 6.72% | $281,000 | $1,454 | 17,682 |
| Emmonak | 6.87% | $205,000 | $1,077 | 17,147 |
| College | 6.72% | $293,000 | $1,516 | 12,964 |
| Wasilla | 6.7% | $295,000 | $1,523 | 12,459 |
| Tanaina | 6.64% | $302,000 | $1,549 | 11,290 |
| Meadow Lakes | 6.72% | $278,000 | $1,438 | 9,197 |
| Sitka | 6.7% | $375,000 | $1,936 | 8,458 |
| Lakes | 6.64% | $284,000 | $1,457 | 8,364 |
| Ketchikan | 6.7% | $335,000 | $1,729 | 8,192 |
| Kenai | 6.83% | $251,000 | $1,313 | 7,424 |
| Palmer | 6.7% | $315,000 | $1,626 | 7,306 |
| Gateway | 6.61% | $242,000 | $1,238 | 6,789 |
| Bethel | 6.68% | $285,000 | $1,468 | 6,325 |
| Kodiak | 6.7% | $345,000 | $1,781 | 5,968 |
| Sterling | 6.79% | $287,000 | $1,495 | 5,918 |
| Homer | 6.8% | $281,000 | $1,466 | 5,522 |
| Farmers Loop | 6.74% | $278,000 | $1,441 | 5,140 |
| Soldotna | 6.61% | $241,000 | $1,233 | 4,768 |
| Unalaska | 6.82% | $225,000 | $1,176 | 4,758 |
| Barrow | 6.74% | $256,000 | $1,327 | 4,581 |
| Valdez | 6.83% | $257,000 | $1,344 | 3,982 |
| Big Lake | 6.74% | $274,000 | $1,420 | 3,833 |
| Nome | 6.89% | $235,000 | $1,237 | 3,699 |
| Butte | 6.76% | $220,000 | $1,143 | 3,634 |
| Petersburg | 6.89% | $265,000 | $1,395 | 3,398 |
| Kotzebue | 6.63% | $257,000 | $1,317 | 3,201 |
| Seward | 6.7% | $240,000 | $1,239 | 2,773 |
| Cordova | 6.76% | $227,000 | $1,179 | 2,609 |
| Haines | 6.78% | $227,000 | $1,181 | 2,547 |
| Houston | 6.83% | $251,000 | $1,313 | 2,432 |
| Dillingham | 6.84% | $222,000 | $1,163 | 2,368 |
| 5 more Alaska city mortgage-rate pages are available as individual pages and in the XML sitemap. | ||||
Alaska Mortgage Rates Guide — 2026
Alaska homebuyers can use an estimated 30-year fixed benchmark of 6.75%, with median home prices around $283,644. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,471.
The most affordable city for homebuyers in Alaska is Emmonak, where the median home price is $205,000. On the other end, Chevak has the highest prices at $460,000. Property tax rates across the state average 1.04%.
To comfortably afford a home at the state average price, a household income of approximately $63,043 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
For Alaska mortgage-rate searches, compare city prices first, then check AHFC eligibility and rural closing constraints. A borrower in Anchorage may face a different appraisal, heating, insurance, or lender-coverage decision than a buyer in a smaller road-system or remote market.
Use our free loan calculator to see your estimated monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Methodology & Mortgage Rate Data Sources
How we calculate Alaska mortgage rates: Our rate estimates start with weekly mortgage-rate benchmarks and then compare city-level housing assumptions. They are designed for planning and comparison, not as a guarantee of lender pricing.
- Benchmark mortgage rates from Freddie Mac Primary Mortgage Market Survey (PMMS) — the most-cited weekly survey of 30-year and 15-year fixed conforming rates.
- Federal Reserve rate policy tracked via FRED — Federal Reserve Economic Data — the St. Louis Fed's authoritative database of interest rate series.
- Conforming loan limits set annually by the FHFA Conforming Loan Limit announcements (Alaska 2026: $832,750 baseline, with higher one-unit limits in high-cost counties).
- State lending regulation context from HUD State Information pages covering FHA, down payment assistance, and housing finance agency programs in Alaska.
- Mortgage market trends tracked via Mortgage Bankers Association (MBA) Weekly Applications Survey — the industry benchmark for mortgage demand and rate sensitivity.
Authoritative mortgage rate data sources:
- Freddie Mac PMMS — weekly 30yr and 15yr fixed rate benchmark
- FRED — Federal Reserve Economic Data — interest rate and housing series
- FHFA — Federal Housing Finance Agency — conforming loan limits and HPI
- HUD — Housing and Urban Development — FHA programs and state assistance
- AHFC First-Time Homebuyer Loans — Alaska First Home and First Home Limited loan program details
- CFPB Mortgage Rate Checker — personalized rate comparison tool
- VA Home Loan Program — zero down payment loan for eligible veterans
Rate Disclaimer: Rates shown are estimates based on current market surveys and may not reflect actual lender quotes. Your rate depends on credit score, loan-to-value ratio, down payment, property type, and lender. Always obtain personalized rate quotes from multiple lenders. Rates change daily.
Reviewed by Brazora Monk · Last updated May 2026 · Freddie Mac PMMS data current as of June 4, 2026
Frequently Asked Questions — Alaska Mortgages
What are current mortgage rates in Alaska?
As of June 4, 2026, Freddie Mac's national benchmark was 6.48% for the 30-year fixed and 5.79% for the 15-year fixed. Amortio's Alaska city comparison shows an estimated 30-year benchmark average of 6.75% and 15-year average of 5.99%. Rates vary by city, lender, lock date, fees, and borrower qualification.
What is the average home price in Alaska?
The median home price across 45 cities in Alaska is $283,644. Prices range from $205,000 in Emmonak to $460,000 in Chevak.
How much income do I need to buy a house in Alaska?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $63,043 to comfortably afford the average home in Alaska. The median household income in the state is approximately $72,664.
What Alaska mortgage program should first-time buyers check?
Alaska first-time buyers should review AHFC First Home and First Home Limited, then compare the AHFC-approved lender quote against conventional, FHA, VA, USDA, and other market quotes by APR, fees, and cash to close.
Why do Alaska mortgage comparisons need more than the interest rate?
Heating costs, insurance, appraisal logistics, rural access, property condition, and lender coverage can materially change Alaska affordability even when the quoted interest rate looks competitive.
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