Interest Rates are Straddling in the 5% range Anchorage Alaska Real Estate

Interest rates have really shot up this month. Within one week the rates moved from 4.5% to 5.5%.  Wow, right?  Actually, if you can remember, last year's interest rates were in the range of 6-7%. So, 5.5% is not so bad. Some predictions I've heard are that interest rates will never get that low again and some are estimating that the rates will be up to at least 6% by December.

The Anchorage Real Estate Market experienced a small boom because of the combination of many factors which made the Anchorage Real Estate Market a more buyer friendly atmosphere. The combination of low interest rates, and the first time home buyer tax credit has really moved much of the homes priced under $300,000.

Today's interest Rates:

6/23/2009

Loan Type                                       Rate 

30 Year Fixed Conventional                5.5% 

15 Year Fixed Conventional               4.875% 

30 Year Fixed FHA                            5.5%

30 Year Fixed VA                              5.5% 

AHFC VMP                                       5.25%

AHFC TEP                                        5.25%

AHFC Taxable FTHB                          5.625%

*Interest Rates are Subject to Change

Search the Entire Alaska MLS

Home Buyers

Home Sellers

How Much is My Home Worth???