For a free search of real estate in Anchorage, Alaska and surround areas, click here. There is no need to enter any of your private information such as phone number, name, and e-mail address for the use of this service. So Click Here to access the Alaska MLS to start searching for your home today. Serving Anchorage, Eagle River, Wasilla and Palmer, Alaska.
Check out our website , your source for mortgage information www.HomeStateMtg.com
June 24, 2009 TODAY'S RATES
Conventional 30 Year Fixed 5.50%
Conventional 15 Year Fixed 4.875%
5/1 Libor ARM 5.125%
FHA 30 Year Fixed 5.50%
FHA HUD 184 30 Year Fixed 5.75%
VA 30 Year Fixed 5.50%
Alaska Housing Finance Corporation (AHFC)
1st Time Homebuyer Tax-Exempt 5.25%
1st Time Homebuyer Taxable 5.625%
Taxable 5.75%
Veteran's Mortgage (VMP) 5.25%
*Rates are subject to change
Rates taken from http://www.homestatemtg.com
Call Vanna Siackhasone for all your home finding needs 907-72-4663
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
Looking for a home in Anchorage, Alaska? That's great. If you are a first time home buyer, get more information about the First Time Home Buyer Tax Credit.
Before jumping into any real estate market, it's important to understand the real estate market trends of that area. If you are interested in buying a home in Anchorage, Alaska it would be a good idea to research home prices, average prices, and median prices. How much of a house can you buy in Anchorage depends on what the market is doing at the time.
Fortunately home prices have not dropped significantly over the past two years. Although the average home price has dropped over the last there years, Anchorage is still in relatively good shape. In 2007, the average home cost $327,070. In 2008 the average home in Anchorage cost $325,967. In 2009, so far, the average home in Anchorage costs $320,784.
We are noticing homes on the upper end are experiencing longer marketing times. Homes priced over $500,000 are sitting on the market for an average of 9 months and Anchorage is experiencing a 23 month inventory of homes listed at $1,000,000 and more. This may be due to the banks tightening their lending policies and just not giving out as many loans as they used to.
Are you a home seller? Here is a look at your competition. The Supply & Demand chart shows the average time on market by price range. So, if you are considering selling your home, look below for an idea of your position in the market. For instance if you are on the fence and you can't decide whether you should list your home for $355,000 or $349,000, if you look below, you'll see that home between $300,000 and $349,999 are sitting at an average of 5.11 months. Now look at the price range $350,000 to $399,999, those homes are sitting on the Anchorage real estate market for an average of 6.81 months.
You should not determine the value of your home based these charts. These figures are for informational purposes. Talk to a professional Realtor about the value of your home. Click here to Find out the value of your home.
Here is a chart of May's Supply and Demand for Anchorage, Alaska
A Fathers Day Tribute to All the Wonderful Father Out There.....
"Anyone Can Be a Father, It Takes a Real Man to Be a Dad"
What Makes a Dad God took the strength of a mountain, The majesty of a tree, The warmth of a summer sun, The calm of a quiet sea, The generous soul of nature, The comforting arm of night, The wisdom of the ages, The power of the eagle's flight, The joy of a morning in spring, The faith of a mustard seed, The patience of eternity, The depth of a family need, Then God combined these qualities, When there was nothing more to add, He knew His masterpiece was complete, And so, He called it ... Dad
~~Author Unknown.~~
HAPPY FATHERS DAY!
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Helping people achieve their Real Estate Goals is what I do. Representing my clients and meeting their family's needs are the most important part of my business. Welcome HOME!
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