Ketchikan Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Ketchikan averaged 7.32% for the week of 2024-05-02, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2024-04-25) was 6.97% and one month ago for the week of 2024-03-28, the average rate was 6.79%.

    Ketchikan's average rate one year ago was 6.23%.

    For refis of the same type during the week of 2024-05-02, the average rate was 7.82%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-05-02 7.22%
    Ketchikan 30 Year Fixed Rate 2024-05-02 7.32%
    Ketchikan 30 Year Fixed Rate Refi 2024-05-02 7.82%
    Ketchikan 15 Year Fixed Rate 2024-05-02 6.27%
    Ketchikan 15 Year Fixed Rate Refi 2024-05-02 6.47%
    Ketchikan 30 Year FHA 2024-05-02 6.79%
    Ketchikan 30 Year FHA Refi 2024-05-02 6.99%
    Ketchikan 30 Year USDA 2024-05-02 6.89%
    Ketchikan 30 Year USDA Refi 2024-05-02 6.79%
    Ketchikan 30 Year VA 2024-05-02 6.68%
    Ketchikan 30 Year VA Refi 2024-05-02 6.98%
    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 lender, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 4 7.13% $6,227
    CREDIT UNION 1 4 5.75% $4,516
    KeyBank 3 6.92% $4,864
    CORNERSTONE HOME LENDING, INC. 3 6.75% $8,460
    Alaska USA Federal Credit Union 2 6.44% $5,107
    MEMBER FIRST MORTGAGE, LLC 2 6.63% $9,056
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $13,909
    MOVEMENT MORTGAGE, LLC 1 6.50% $10,420
    NEWREZ LLC 1 6.50% $5,302
    American Mortgage & Equity Consultants, Inc. 1 7.63% $5,587
    RESIDENTIAL BANCORP 1 6.88% $6,153
    RESIDENTIAL MORTGAGE, LLC 1 6.63% $3,600
    JPMorgan Chase Bank 1 6.49% $2,278

    Ketchikan Average Closing Costs & Other Stats

    Ketchikan, AK's 13 lenders originated 95 loans during 2023. The total origination value was $28,495,000, with an average loan value of $299,947.

    Ketchikan's average closing costs are $7,028.

    The top Ketchikan lender as defined by loan originations is QUICKEN LOANS, LLC, with 4 loans originated. Their average total fees are $6,227, which is $1,711 higher than the next largest lender, CREDIT UNION 1.

    The lowest fee Ketchikan lenders (with over 10 loans originated) are .

    The lowest rate Ketchikan lenders (with over 10 loans originated) are .

    Ketchikan, AK Mortgage 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Mortgage Research Center, LLC $2,660,000 $2,975,000 11.8% 10.4%
    ACADEMY MORTGAGE CORPORATION $1,950,000 $2,680,000 37.4% 9.4%
    CORNERSTONE HOME LENDING, INC. $2,375,000 n/a 8.3%
    RESIDENTIAL MORTGAGE, LLC $1,275,000 $1,895,000 48.6% 6.7%
    MOVEMENT MORTGAGE, LLC $1,170,000 $1,850,000 58.1% 6.5%
    KeyBank $4,685,000 $1,785,000 -61.9% 6.3%
    RESIDENTIAL BANCORP $5,300,000 $1,485,000 -72.0% 5.2%
    CREDIT UNION 1 $1,935,000 $1,200,000 -38.0% 4.2%
    QUICKEN LOANS, LLC $4,780,000 $1,185,000 -75.2% 4.2%
    AMERISAVE MORTGAGE CORPORATION $2,215,000 $1,085,000 -51.0% 3.8%
    Alaska USA Federal Credit Union $190,000 $1,080,000 468.4% 3.8%
    PENNYMAC LOAN SERVICES, LLC $235,000 $970,000 312.8% 3.4%
    MEMBER FIRST MORTGAGE, LLC $925,000 $790,000 -14.6% 2.8%
    CMG MORTGAGE, INC. $605,000 n/a 2.1%
    NAVY FEDERAL CREDIT UNION $1,415,000 $580,000 -59.0% 2.0%
    CARDINAL FINANCIAL $555,000 n/a 1.9%
    Barrington Bank & Trust Company, N.A. $435,000 $465,000 6.9% 1.6%
    JPMorgan Chase Bank $450,000 n/a 1.6%
    Citibank $555,000 $405,000 -27.0% 1.4%
    LOANDEPOT.COM, LLC $2,870,000 $405,000 -85.9% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $395,000 n/a 1.4%
    GENEVA FINANCIAL, LLC $385,000 n/a 1.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $450,000 $355,000 -21.1% 1.2%
    First National Bank Alaska $890,000 $325,000 -63.5% 1.1%
    American Mortgage & Equity Consultants, Inc. $295,000 n/a 1.0%
    MidFirst Bank $285,000 n/a 1.0%
    Wells Fargo Bank $4,310,000 $270,000 -93.7% 0.9%
    CROSSCOUNTRY MORTGAGE, LLC $255,000 n/a 0.9%
    NEWREZ LLC $225,000 n/a 0.8%
    ON Q FINANCIAL, INC. $225,000 n/a 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $175,000 n/a 0.6%
    Discover Bank $160,000 n/a 0.6%
    Bank of America $1,145,000 $155,000 -86.5% 0.5%
    Figure Lending LLC $45,000 $70,000 55.6% 0.2%
    Coastal Community Bank $55,000 n/a 0.2%
    Carrington Mortgage Services, LLC $45,000 n/a 0.2%

    Ketchikan's top lender by overall market share is Mortgage Research Center, LLC, with 10.4% market share. In second place, with 9.4%, is ACADEMY MORTGAGE CORPORATION, having originated $2,680,000 in loans. In third place, with 8.3%, is CORNERSTONE HOME LENDING, INC., having originated $2,375,000 in loans. In fourth place, with 6.7%, is RESIDENTIAL MORTGAGE, LLC, having originated $1,895,000 in loans. In fifth place, with 6.5%, is MOVEMENT MORTGAGE, LLC, having originated $1,850,000 in loans.

    Ketchikan Housing Market Trends (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 $183,500 (-34.0%) $265,974 (-43.2%) 0.00 84
    2018-02-01 $213,750 (-22.3%) $271,979 (-42.0%) 0.00 79
    2018-03-01 $235,000 (-11.2%) $284,151 (-39.5%) 0.00 83
    2018-04-01 $239,875 (-9.5%) $300,361 (-30.5%) 0.00 69
    2018-05-01 $264,738 (-6.8%) $312,331 (-32.4%) 0.00 68
    2018-06-01 $315,000 (15.3%) $380,631 (-21.6%) 0.00 80
    2018-07-01 $295,000 (11.3%) $403,486 (-14.5%) 0.00 99
    2018-08-01 $304,875 (14.0%) $408,226 (-10.1%) 0.00 96
    2018-09-01 $319,500 (25.3%) $394,585 (-8.5%) 0.00 88
    2018-10-01 $281,000 (12.2%) $345,717 (-13.3%) 0.00 85
    2018-11-01 $297,250 (20.0%) $361,831 (-9.5%) 0.00 71
    2018-12-01 $269,000 (8.5%) $347,768 (-13.8%) 0.00 72
    2019-01-01 $269,000 (46.6%) $307,421 (15.6%) 0.00 68
    2019-02-01 $269,000 (25.9%) $314,991 (15.8%) 0.00 66
    2019-03-01 $292,786 (24.6%) $324,333 (14.1%) 0.00 64
    2019-04-01 $315,536 (31.5%) $333,653 (11.1%) 0.00 61
    2019-05-01 $324,500 (22.6%) $319,772 (2.4%) 0.00 65
    2019-06-01 $329,000 (4.4%) $335,244 (-11.9%) 0.00 68
    2019-07-01 $326,625 (10.7%) $329,245 (-18.4%) 0.00 66
    2019-08-01 $307,918 (1.0%) $319,767 (-21.7%) 0.00 72
    2019-09-01 $297,670 (-6.8%) $308,633 (-21.8%) 0.00 75
    2019-10-01 $289,475 (3.0%) $297,378 (-14.0%) 0.00 78
    2019-11-01 $287,000 (-3.5%) $284,492 (-21.4%) 0.00 76
    2019-12-01 $277,750 (3.3%) $274,512 (-21.1%) 0.00 67
    2020-01-01 $276,250 (2.7%) $281,623 (-8.4%) 0.00 67
    2020-02-01 $284,000 (5.6%) $283,261 (-10.1%) 0.00 69
    2020-03-01 $249,750 (-14.7%) $273,511 (-15.7%) 0.00 67
    2020-04-01 $257,000 (-18.6%) $288,260 (-13.6%) 0.00 69
    2020-05-01 $284,000 (-12.5%) $304,098 (-4.9%) 0.00 75
    2020-06-01 $290,500 (-11.7%) $304,296 (-9.2%) 0.00 81
    2020-07-01 $271,250 (-17.0%) $292,034 (-11.3%) 0.00 82
    2020-08-01 $298,500 (-3.1%) $312,482 (-2.3%) 0.00 72
    2020-09-01 $290,250 (-2.5%) $307,155 (-0.5%) 0.00 74
    2020-10-01 $245,000 (-15.4%) $292,748 (-1.6%) 0.00 80
    2020-11-01 $247,500 (-13.8%) $296,676 (4.3%) 0.00 73
    2020-12-01 $263,625 (-5.1%) $308,187 (12.3%) 0.00 66
    2021-01-01 $290,000 (5.0%) $325,716 (15.7%) 0.00 45
    2021-02-01 $346,250 (21.9%) $406,779 (43.6%) 0.00 35
    2021-03-01 $344,750 (38.0%) $397,403 (45.3%) 0.00 35
    2021-04-01 $345,250 (34.3%) $366,716 (27.2%) 0.00 43
    2021-05-01 $335,000 (18.0%) $338,842 (11.4%) 0.00 51
    2021-06-01 $325,000 (11.9%) $351,524 (15.5%) 0.00 51
    2021-07-01 $341,000 (25.7%) $377,221 (29.2%) 0.00 53
    2021-08-01 $376,500 (26.1%) $382,250 (22.3%) 0.00 54
    2021-09-01 $394,375 (35.9%) $381,380 (24.2%) 0.00 43
    2021-10-01 $359,000 (46.5%) $380,564 (30.0%) 0.00 36
    2021-11-01 $309,250 (25.0%) $373,058 (25.8%) 0.00 29
    2021-12-01 $374,250 (42.0%) $399,918 (29.8%) 0.00 27
    2022-01-01 $399,000 (37.6%) $407,704 (25.2%) 0.00 20
    2022-02-01 $420,625 (21.5%) $425,572 (4.6%) 0.00 24
    2022-03-01 $485,000 (40.7%) $417,913 (5.2%) 0.00 24
    2022-04-01 $344,750 (-0.1%) $423,690 (15.5%) 0.00 22
    2022-05-01 $406,500 (21.3%) $453,378 (33.8%) 0.00 23
    2022-06-01 $428,750 (31.9%) $454,792 (29.4%) 0.00 14
    2022-07-01 $399,000 (17.0%) $378,633 (0.4%) 0.00 21
    2022-08-01 $449,250 (19.3%) $408,429 (6.9%) 0.00 23
    2022-09-01 $438,250 (11.1%) $399,342 (4.7%) 0.00 28
    2022-10-01 $435,250 (21.2%) $421,672 (10.8%) 0.00 30
    2022-11-01 $405,000 (31.0%) $377,243 (1.1%) 0.00 29
    2022-12-01 $389,000 (3.9%) $387,426 (-3.1%) 0.00 29
    2023-01-01 $395,500 (-0.9%) $380,359 (-6.7%) 0.00 28
    2023-02-01 $388,000 (-7.8%) $391,920 (-7.9%) 0.00 24
    2023-03-01 $429,500 (-11.4%) $412,743 (-1.2%) 0.00 27
    2023-04-01 $449,000 (30.2%) $433,771 (2.4%) 0.00 33
    2023-05-01 $439,000 (8.0%) $446,701 (-1.5%) 0.00 38
    2023-06-01 $422,000 (-1.6%) $425,327 (-6.5%) 0.00 38
    2023-07-01 $415,000 (4.0%) $419,570 (10.8%) 0.00 41
    2023-08-01 $394,000 (-12.3%) $388,694 (-4.8%) 0.00 41
    2023-09-01 $420,000 (-4.2%) $416,048 (4.2%) 0.00 39
    2023-10-01 $407,250 (-6.4%) $423,179 (0.4%) 0.00 39
    2023-11-01 $429,000 (5.9%) $433,033 (14.8%) 0.00 37
    2023-12-01 $450,000 (15.7%) $452,313 (16.8%) 0.00 33
    2024-01-01 $449,500 (13.7%) $441,500 (16.1%) 0.00 28
    2024-02-01 $434,500 (12.0%) $414,513 (5.8%) 0.00 31
    2024-03-01 $445,000 (3.6%) $448,181 (8.6%) 0.00 35
    2024-04-01 $456,500 (1.7%) $481,187 (10.9%) 0.00 41
    Ketchikan's median listing price for 2024-04-01 was $456,500, a difference of $7,500 (1.7%) versus the prior year and $11,500 versus the prior month.

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

    Ketchikan's average listing price for 2024-04-01 was $481,187, a difference of $47,416 (10.9%) versus the prior year and $33,006 versus the prior month.

    For the 2024-04-01 period, Ketchikan had 41 MLS listings, a difference of 6 listings (17%) versus the prior month and 8 listings (24%) 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 1,379 sqft
    2018-02-01 0 days 1,500 sqft
    2018-03-01 0 days 1,501 sqft
    2018-04-01 0 days 1,500 sqft
    2018-05-01 0 days 1,505 sqft
    2018-06-01 0 days 1,647 sqft
    2018-07-01 0 days 1,709 sqft
    2018-08-01 0 days 1,773 sqft
    2018-09-01 0 days 1,730 sqft
    2018-10-01 0 days 1,624 sqft
    2018-11-01 0 days 1,612 sqft
    2018-12-01 0 days 1,440 sqft
    2019-01-01 0 days 1,357 sqft
    2019-02-01 0 days 1,440 sqft
    2019-03-01 0 days 1,521 sqft
    2019-04-01 0 days 1,655 sqft
    2019-05-01 0 days 1,668 sqft
    2019-06-01 0 days 1,636 sqft
    2019-07-01 0 days 1,637 sqft
    2019-08-01 0 days 1,583 sqft
    2019-09-01 0 days 1,502 sqft
    2019-10-01 0 days 1,413 sqft
    2019-11-01 0 days 1,300 sqft
    2019-12-01 0 days 1,243 sqft
    2020-01-01 0 days 1,329 sqft
    2020-02-01 0 days 1,260 sqft
    2020-03-01 0 days 1,218 sqft
    2020-04-01 0 days 1,225 sqft
    2020-05-01 0 days 1,440 sqft
    2020-06-01 0 days 1,466 sqft
    2020-07-01 0 days 1,453 sqft
    2020-08-01 0 days 1,636 sqft
    2020-09-01 0 days 1,508 sqft
    2020-10-01 0 days 1,352 sqft
    2020-11-01 0 days 1,398 sqft
    2020-12-01 0 days 1,296 sqft
    2021-01-01 0 days 1,296 sqft
    2021-02-01 0 days 1,429 sqft
    2021-03-01 0 days 1,496 sqft
    2021-04-01 0 days 1,500 sqft
    2021-05-01 0 days 1,473 sqft
    2021-06-01 0 days 1,477 sqft
    2021-07-01 0 days 1,541 sqft
    2021-08-01 0 days 1,593 sqft
    2021-09-01 0 days 1,482 sqft
    2021-10-01 0 days 1,620 sqft
    2021-11-01 0 days 1,610 sqft
    2021-12-01 0 days 1,598 sqft
    2022-01-01 0 days 1,753 sqft
    2022-02-01 0 days 1,733 sqft
    2022-03-01 0 days 1,791 sqft
    2022-04-01 0 days 1,461 sqft
    2022-05-01 0 days 1,598 sqft
    2022-06-01 0 days 1,780 sqft
    2022-07-01 0 days 1,874 sqft
    2022-08-01 0 days 1,890 sqft
    2022-09-01 0 days 1,832 sqft
    2022-10-01 0 days 1,703 sqft
    2022-11-01 0 days 1,537 sqft
    2022-12-01 0 days 1,584 sqft
    2023-01-01 0 days 1,705 sqft
    2023-02-01 0 days 1,494 sqft
    2023-03-01 0 days 1,446 sqft
    2023-04-01 0 days 1,422 sqft
    2023-05-01 0 days 1,370 sqft
    2023-06-01 0 days 1,273 sqft
    2023-07-01 0 days 1,344 sqft
    2023-08-01 0 days 1,363 sqft
    2023-09-01 0 days 1,451 sqft
    2023-10-01 0 days 1,393 sqft
    2023-11-01 0 days 1,474 sqft
    2023-12-01 0 days 1,446 sqft
    2024-01-01 0 days 1,446 sqft
    2024-02-01 0 days 1,420 sqft
    2024-03-01 0 days 1,716 sqft
    2024-04-01 0 days 1,820 sqft
    Ketchikan's median listing age (time on market) for 2024-04-01 was 0 days.

    Ketchikan's median square footage for active listings during the 2024-04-01 period was 1,820 sqft. One year prior, the average listing was 1,422 sqft.

    Ketchikan, AK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 57 $21,545,000 $377,982
    Cash Out Refi 13 $2,525,000 $194,231
    Home Improvement 9 $855,000 $95,000
    Other 9 $1,115,000 $123,889
    Refi 7 $2,455,000 $350,714

    Ketchikan's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 31 $10,885,000 $351,129
    7-8% 27 $7,935,000 $293,889
    5-6% 17 $6,785,000 $399,118
    Over 8% 17 $1,925,000 $113,235
    4-5% 1 $265,000 $265,000
    3-4% 1 $285,000 $285,000
    2.5-3% 1 $415,000 $415,000

    During 2023, Ketchikan's most frequently originated rate bucket was 6-7%, with 31 originations.

    Loan Sizing (Ketchikan, AK MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 33 $9,615,000 $291,364
    $400k-600k 25 $11,905,000 $476,200
    $100k-200k 19 $2,905,000 $152,895
    $100,000 or less 13 $715,000 $55,000
    $600k-1000k 5 $3,355,000 $671,000

    Ketchikan's loan sizing saw the bucket of loans from $200k-400k with 33 originations, totaling $9,615,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 36 $14,930,000 $414,722
    60-80% 17 $4,915,000 $289,118
    Under 20% 13 $1,055,000 $81,154
    20-40% 11 $1,625,000 $147,727
    40-60% 10 $2,630,000 $263,000
    Over 100% 6 $2,660,000 $443,333

    Ketchikan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 36 originations, totaling $14,930,000 in origination value.