Ketchikan Mortgage Rates

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
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  • Time on Market/Property Size
    • 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.