Ketchikan Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Ketchikan averaged 5.79% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.9% and one month ago for the week of 2022-05-26, the average rate was 4.89%.

Ketchikan's average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Ketchikan 30 Year Fixed Rate 2022-06-30 5.79%
Ketchikan 30 Year Fixed Rate Refi 2022-06-30 5.7%
Ketchikan 15 Year Fixed Rate 2022-06-30 5.29%
Ketchikan 15 Year Fixed Rate Refi 2022-06-30 4.87%
Ketchikan 30 Year FHA 2022-06-30 5.5%
Ketchikan 30 Year FHA Refi 2022-06-30 5.72%
Ketchikan 30 Year USDA 2022-06-30 5.56%
Ketchikan 30 Year USDA Refi 2022-06-30 5.42%
Ketchikan 30 Year VA 2022-06-30 5.62%
Ketchikan 30 Year VA Refi 2022-06-30 5.17%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ketchikan, AK.

Ketchikan Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Ketchikan, AK market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Alaska USA Federal Credit Union 14 3.13% $4,523
Alaska USA Mortgage Company LLC 14 3.13% $4,523
KeyBank 13 3.05% $4,612
Wells Fargo Bank 12 3.21% $3,961
QUICKEN LOANS, LLC 10 3.03% $8,538
LOANDEPOT.COM, LLC 9 2.93% $5,184
RESIDENTIAL MORTGAGE, LLC 7 2.79% $7,738
CREDIT UNION 1 7 3.38% $5,381
AMERISAVE MORTGAGE CORPORATION 5 3.12% $3,501
NAVY FEDERAL CREDIT UNION 4 2.78% $4,273
RESIDENTIAL BANCORP. 3 3.08% $6,237
BETTER MORTGAGE CORPORATION 2 2.94% $2,830
North American Savings Bank, F.S.B. 2 3.19% $4,208
CRESCENT MORTGAGE COMPANY 2 3.69% $4,992
MID AMERICA MORTGAGE, INC. 2 3.31% $5,216
FINANCE OF AMERICA MORTGAGE LLC 2 3.00% $4,110
WINGS FINANCIAL 1 2.88% $3,756
AMCAP MORTGAGE, LTD. 1 2.75% $10,853
AMERICAN FINANCIAL NETWORK, INC. 1 3.25% $14,884
AMERICAN FINANCING CORPORATION 1 4.00% $5,069
Bank of America 1 2.88% $6,890
CALIBER HOME LOANS, INC. 1 2.75% $4,287
First National Bank Alaska 1 3.25% $7,286
Flagstar Bank, FSB 1 2.50% $9,981
LAKEVIEW LOAN SERVICING, LLC 1 2.99% $2,103
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.63% $4,958
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $2,075
STEARNS LENDING, LLC 1 2.99% $11,251
Toyota Financial Savings Bank 1 2.75% $3,937
TRUE NORTH FEDERAL CREDIT UNION 1 2.88% $13,512

Ketchikan, AK's 30 lenders originated 331 loans during 2021. The total origination value was $98,995,000, with an average loan value of $299,079.

The top Ketchikan lender as defined by loan originations is Alaska USA Federal Credit Union, with 14 loans originated. Their average total fees are $4,523, which is $0 lower than the next largest lender, Alaska USA Mortgage Company LLC.

The lowest fee Ketchikan lenders (with over 10 loans originated) are Wells Fargo Bank ($3,961), Alaska USA Federal Credit Union ($4,523), Alaska USA Mortgage Company LLC ($4,523), KeyBank ($4,612) and QUICKEN LOANS, LLC ($8,538).

The lowest rate Ketchikan lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.03%), KeyBank (3.05%), Alaska USA Federal Credit Union (3.13%), Alaska USA Mortgage Company LLC (3.13%) and Wells Fargo Bank (3.21%).

Ketchikan, AK Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Alaska USA Federal Credit Union $50,000 $14,935,000 29,770.0% 15.1%
Alaska USA Mortgage Company LLC $10,005,000 $14,700,000 46.9% 14.8%
QUICKEN LOANS, LLC $13,360,000 $7,735,000 -42.1% 7.8%
KeyBank $4,100,000 $6,905,000 68.4% 7.0%
Wells Fargo Bank $3,840,000 $4,090,000 6.5% 4.1%
Mortgage Research Center, LLC $2,715,000 $3,975,000 46.4% 4.0%
LOANDEPOT.COM, LLC $1,275,000 $3,760,000 194.9% 3.8%
USAA Federal Savings Bank $2,400,000 $3,755,000 56.5% 3.8%
RESIDENTIAL MORTGAGE, LLC $2,570,000 $3,695,000 43.8% 3.7%
AMERISAVE MORTGAGE CORPORATION $3,515,000 $3,215,000 -8.5% 3.2%
NAVY FEDERAL CREDIT UNION $1,095,000 $3,195,000 191.8% 3.2%
CREDIT UNION 1 $2,595,000 $2,295,000 -11.6% 2.3%
CRESCENT MORTGAGE COMPANY $1,835,000 n/a 1.9%
PENNYMAC LOAN SERVICES, LLC $1,755,000 $1,775,000 1.1% 1.8%
RESIDENTIAL BANCORP. $495,000 $1,755,000 254.5% 1.8%
MID AMERICA MORTGAGE, INC. $920,000 $1,350,000 46.7% 1.4%
SUN WEST MORTGAGE COMPANY, INC. $1,280,000 n/a 1.3%
CALIBER HOME LOANS, INC. $570,000 $1,240,000 117.5% 1.3%
FINANCE OF AMERICA MORTGAGE LLC $1,115,000 n/a 1.1%
BETTER MORTGAGE CORPORATION $1,100,000 n/a 1.1%
CMG MORTGAGE, INC. $700,000 $990,000 41.4% 1.0%
North American Savings Bank, F.S.B. $1,075,000 $965,000 -10.2% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $1,260,000 $895,000 -29.0% 0.9%
PRIMELENDING, A PLAINSCAPITAL COMPANY $890,000 n/a 0.9%
STEARNS LENDING, LLC $830,000 n/a 0.8%
ACCELERATE MORTGAGE, LLC $790,000 n/a 0.8%
LAKEVIEW LOAN SERVICING, LLC $785,000 n/a 0.8%
HOMEBRIDGE FINANCIAL SERVICES, INC. $440,000 $710,000 61.4% 0.7%
The Federal Savings Bank $1,520,000 $680,000 -55.3% 0.7%
Barrington Bank & Trust Company, N.A. $1,310,000 $650,000 -50.4% 0.7%
Flagstar Bank, FSB $545,000 n/a 0.6%
FREEDOM MORTGAGE CORPORATION $1,235,000 $530,000 -57.1% 0.5%
Toyota Financial Savings Bank $505,000 n/a 0.5%
TRUE NORTH FEDERAL CREDIT UNION $475,000 n/a 0.5%
KS StateBank $425,000 $435,000 2.4% 0.4%
NuVision Federal Credit Union $435,000 n/a 0.4%
AMCAP MORTGAGE, LTD. $1,290,000 $395,000 -69.4% 0.4%
First National Bank Alaska $355,000 $385,000 8.5% 0.4%
ACADEMY MORTGAGE CORPORATION $375,000 n/a 0.4%
Bank of America $365,000 n/a 0.4%
NEW DAY FINANCIAL, LLC $365,000 n/a 0.4%
AMERICAN ADVISORS GROUP $345,000 n/a 0.3%
AMERICAN FINANCING CORPORATION $115,000 $345,000 200.0% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $325,000 n/a 0.3%
WINGS FINANCIAL $315,000 n/a 0.3%
UNITED WHOLESALE MORTGAGE, LLC $590,000 $305,000 -48.3% 0.3%
FINANCE OF AMERICA COMMERCIAL LLC $235,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $285,000 $205,000 -28.1% 0.2%
First Home Bank $175,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $45,000 n/a 0.0%

Ketchikan's top lender by overall market share is Alaska USA Federal Credit Union, with 15.1% market share. In second place, with 14.8%, is Alaska USA Mortgage Company LLC, having originated $14,700,000 in loans. In third place, with 7.8%, is QUICKEN LOANS, LLC, having originated $7,735,000 in loans. In third place, with 7.0%, is KeyBank, having originated $6,905,000 in loans. In third place, with 4.1%, is Wells Fargo Bank, having originated $4,090,000 in loans.


Ketchikan, AK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 136 $47,310,000 $347,868
Refi 109 $30,385,000 $278,761
Cash Out Refi 71 $19,525,000 $275,000
Home Improvement 10 $650,000 $65,000
Other 5 $1,125,000 $225,000

Ketchikan's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Refi, with 109 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 169 $51,935,000 $307,308
3-4% 77 $21,475,000 $278,896
<2.5% 75 $24,115,000 $321,533
4-5% 6 $1,030,000 $171,667
Over 8% 1 $185,000 $185,000
5-6% 1 $145,000 $145,000
6-7% 1 $55,000 $55,000
7-8% 1 $55,000 $55,000

During 2021, Ketchikan's most frequently originated rate bucket was 2.5-3%, with 169 originations.

Loan Sizing (Ketchikan, AK MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 197 $60,165,000 $305,406
$400k-600k 66 $30,530,000 $462,576
$100k-200k 46 $6,980,000 $151,739
$100,000 or less 22 $1,320,000 $60,000

Ketchikan's loan sizing saw the bucket of loans from $200k-400k with 197 originations, totaling $60,165,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 133 $45,605,000 $342,895
60-80% 89 $26,865,000 $301,854
40-60% 43 $10,135,000 $235,698
Over 100% 18 $7,150,000 $397,222
20-40% 16 $2,020,000 $126,250
Under 20% 9 $425,000 $47,222

Ketchikan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 133 originations, totaling $45,605,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ketchikan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $282,265 (0.1%) $303,722 (-29.4%) 0.00 103
2018-02-01 $274,000 (-0.4%) $308,701 (-27.7%) 0.00 96
2018-03-01 $259,000 (-2.1%) $315,119 (-25.3%) 0.00 100
2018-04-01 $272,000 (2.6%) $324,571 (-24.5%) 0.00 80
2018-05-01 $289,900 (2.4%) $336,064 (-19.3%) 0.00 79
2018-06-01 $327,000 (10.7%) $396,793 (-10.1%) 0.00 91
2018-07-01 $331,250 (13.1%) $423,499 (-2.8%) 0.00 114
2018-08-01 $333,250 (13.7%) $418,661 (-1.0%) 0.00 110
2018-09-01 $334,000 (14.0%) $401,870 (0.1%) 0.00 101
2018-10-01 $326,000 (15.0%) $360,985 (-4.4%) 0.00 98
2018-11-01 $343,500 (21.0%) $373,117 (-7.4%) 0.00 81
2018-12-01 $295,000 (3.9%) $357,598 (-12.4%) 0.00 82
2019-01-01 $289,000 (2.4%) $321,388 (5.8%) 0.00 74
2019-02-01 $287,000 (4.7%) $334,457 (8.3%) 0.00 74
2019-03-01 $312,429 (20.6%) $345,547 (9.7%) 0.00 73
2019-04-01 $343,429 (26.3%) $355,491 (9.5%) 0.00 68
2019-05-01 $349,000 (20.4%) $340,146 (1.2%) 0.00 73
2019-06-01 $359,000 (9.8%) $350,186 (-11.8%) 0.00 77
2019-07-01 $352,000 (6.3%) $350,284 (-17.3%) 0.00 76
2019-08-01 $337,786 (1.4%) $342,404 (-18.2%) 0.00 86
2019-09-01 $312,250 (-6.5%) $323,629 (-19.5%) 0.00 96
2019-10-01 $295,000 (-9.5%) $318,670 (-11.7%) 0.00 97
2019-11-01 $290,000 (-15.6%) $312,649 (-16.2%) 0.00 93
2019-12-01 $289,250 (-2.0%) $304,999 (-14.7%) 0.00 78
2020-01-01 $294,450 (1.9%) $304,458 (-5.3%) 0.00 78
2020-02-01 $319,000 (11.2%) $304,400 (-9.0%) 0.00 80
2020-03-01 $263,000 (-15.8%) $286,831 (-17.0%) 0.00 73
2020-04-01 $263,000 (-23.4%) $303,664 (-14.6%) 0.00 75
2020-05-01 $310,000 (-11.2%) $318,871 (-6.3%) 0.00 88
2020-06-01 $320,000 (-10.9%) $320,908 (-8.4%) 0.00 95
2020-07-01 $297,000 (-15.6%) $304,853 (-13.0%) 0.00 99
2020-08-01 $329,000 (-2.6%) $328,460 (-4.1%) 0.00 91
2020-09-01 $329,000 (5.4%) $324,925 (0.4%) 0.00 91
2020-10-01 $299,000 (1.4%) $316,465 (-0.7%) 0.00 97
2020-11-01 $353,250 (21.8%) $321,423 (2.8%) 0.00 90
2020-12-01 $345,000 (19.3%) $335,632 (10.0%) 0.00 80
2021-01-01 $345,000 (17.2%) $351,666 (15.5%) 0.00 55
2021-02-01 $353,250 (10.7%) $413,654 (35.9%) 0.00 42
2021-03-01 $373,500 (42.0%) $430,068 (49.9%) 0.00 43
2021-04-01 $385,000 (46.4%) $414,993 (36.7%) 0.00 54
2021-05-01 $360,000 (16.1%) $382,755 (20.0%) 0.00 63
2021-06-01 $349,250 (9.1%) $382,482 (19.2%) 0.00 65
2021-07-01 $382,000 (28.6%) $415,346 (36.2%) 0.00 67
2021-08-01 $399,000 (21.3%) $405,675 (23.5%) 0.00 67
2021-09-01 $410,000 (24.6%) $406,342 (25.1%) 0.00 53
2021-10-01 $369,000 (23.4%) $396,850 (25.4%) 0.00 45
2021-11-01 $369,000 (4.5%) $394,987 (22.9%) 0.00 38
2021-12-01 $409,000 (18.6%) $417,323 (24.3%) 0.00 36
2022-01-01 $430,000 (24.6%) $423,621 (20.5%) 0.00 24
2022-02-01 $449,250 (27.2%) $422,173 (2.1%) 0.00 28
2022-03-01 $490,000 (31.2%) $422,156 (-1.8%) 0.00 28
2022-04-01 $449,000 (16.6%) $418,750 (0.9%) 0.00 26
2022-05-01 $413,000 (14.7%) $463,624 (21.1%) 0.00 24
2022-06-01 $435,000 (24.6%) $458,097 (19.8%) 0.00 15
Ketchikan's median listing price for 2022-06-01 was $435,000, a difference of $85,750 (24.6%) versus the prior year and $22,000 versus the prior month.

Ketchikan's median listing price comes in at 0% of the national average.

Ketchikan's average listing price for 2022-06-01 was $458,097, a difference of $75,615 (19.8%) versus the prior year and $-5,527 versus the prior month.

For the 2022-06-01 period, Ketchikan had 15 MLS listings, a difference of -9 listings (-38%) versus the prior month and -50 listings (-77%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ketchikan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,560 sqft
2018-02-01 0 days 1,564 sqft
2018-03-01 0 days 1,560 sqft
2018-04-01 0 days 1,635 sqft
2018-05-01 0 days 1,710 sqft
2018-06-01 0 days 1,757 sqft
2018-07-01 0 days 1,802 sqft
2018-08-01 0 days 1,900 sqft
2018-09-01 0 days 1,770 sqft
2018-10-01 0 days 1,686 sqft
2018-11-01 0 days 1,686 sqft
2018-12-01 0 days 1,600 sqft
2019-01-01 0 days 1,468 sqft
2019-02-01 0 days 1,500 sqft
2019-03-01 0 days 1,610 sqft
2019-04-01 0 days 1,739 sqft
2019-05-01 0 days 1,757 sqft
2019-06-01 0 days 1,764 sqft
2019-07-01 0 days 1,787 sqft
2019-08-01 0 days 1,782 sqft
2019-09-01 0 days 1,743 sqft
2019-10-01 0 days 1,642 sqft
2019-11-01 0 days 1,496 sqft
2019-12-01 0 days 1,456 sqft
2020-01-01 0 days 1,636 sqft
2020-02-01 0 days 1,410 sqft
2020-03-01 0 days 1,400 sqft
2020-04-01 0 days 1,392 sqft
2020-05-01 0 days 1,496 sqft
2020-06-01 0 days 1,658 sqft
2020-07-01 0 days 1,519 sqft
2020-08-01 0 days 1,700 sqft
2020-09-01 0 days 1,658 sqft
2020-10-01 0 days 1,584 sqft
2020-11-01 0 days 1,520 sqft
2020-12-01 0 days 1,440 sqft
2021-01-01 0 days 1,435 sqft
2021-02-01 0 days 1,466 sqft
2021-03-01 0 days 1,750 sqft
2021-04-01 0 days 1,771 sqft
2021-05-01 0 days 1,750 sqft
2021-06-01 0 days 1,600 sqft
2021-07-01 0 days 1,679 sqft
2021-08-01 0 days 1,640 sqft
2021-09-01 0 days 1,590 sqft
2021-10-01 0 days 1,640 sqft
2021-11-01 0 days 1,600 sqft
2021-12-01 0 days 1,595 sqft
2022-01-01 0 days 1,600 sqft
2022-02-01 0 days 1,496 sqft
2022-03-01 0 days 1,846 sqft
2022-04-01 0 days 1,461 sqft
2022-05-01 0 days 1,638 sqft
2022-06-01 0 days 1,768 sqft
Ketchikan's median listing age (time on market) for 2022-06-01 was 0 days.

Ketchikan's median square footage for active listings during the 2022-06-01 period was 1,768 sqft. One year prior, the average listing was 1,600 sqft.