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 6.56% for the week of 2025-05-08, compared to the national average of 6.76% for the same period.

    The average rate for the prior week (2025-05-01) was 6.86% and one month ago for the week of 2025-04-03, the average rate was 6.84%.

    Ketchikan's average rate one year ago was 7.12%.

    For refis of the same type during the week of 2025-05-08, the average rate was 7.36%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-08 6.76%
    Ketchikan 30 Year Fixed Rate 2025-05-08 6.56%
    Ketchikan 30 Year Fixed Rate Refi 2025-05-08 7.36%
    Ketchikan 15 Year Fixed Rate 2025-05-08 6.09%
    Ketchikan 15 Year Fixed Rate Refi 2025-05-08 6.29%
    Ketchikan 30 Year FHA 2025-05-08 6.58%
    Ketchikan 30 Year FHA Refi 2025-05-08 6.68%
    Ketchikan 30 Year USDA 2025-05-08 6.47%
    Ketchikan 30 Year USDA Refi 2025-05-08 6.57%
    Ketchikan 30 Year VA 2025-05-08 6.47%
    Ketchikan 30 Year VA Refi 2025-05-08 6.27%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CORNERSTONE HOME LENDING, INC. 8 6.48% $8,587
    RESIDENTIAL BANCORP 8 7.55% $9,124
    CREDIT UNION 1 6 6.58% $3,801
    GUILD MORTGAGE COMPANY 6 6.21% $10,900
    QUICKEN LOANS, LLC 3 6.58% $12,658
    Alaska USA Federal Credit Union 2 6.63% $4,371
    AMERISAVE MORTGAGE CORPORATION 2 7.25% $8,410
    NEWREZ LLC 2 7.00% $8,020
    First National Bank Alaska 1 6.63% $7,689
    COMMUNITYAMERICA 1 7.13% $5,444
    HomeStreet Bank 1 7.13% $4,998
    LOANDEPOT.COM, LLC 1 6.99% $15,078
    MEMBER FIRST MORTGAGE, LLC 1 6.38% $11,221
    Wells Fargo Bank 1 6.50% $3,677
    CMG MORTGAGE, INC. 1 7.50% $7,321
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $5,879
    USAA Federal Savings Bank 1 7.63% $3,632
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.63% $9,281

    Ketchikan Average Closing Costs & Other Stats

    Ketchikan, AK's 18 lenders originated 107 loans during 2024. The total origination value was $36,265,000, with an average loan value of $338,925.

    Ketchikan's average closing costs are $7,374.

    The top Ketchikan lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 8 loans originated. Their average total fees are $8,587, which is $537 lower than the next largest lender, RESIDENTIAL BANCORP.

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    RESIDENTIAL BANCORP $1,485,000 $4,985,000 235.7% 13.7%
    GUILD MORTGAGE COMPANY $4,030,000 n/a 11.1%
    CORNERSTONE HOME LENDING, INC. $2,375,000 $3,480,000 46.5% 9.6%
    Mortgage Research Center, LLC $2,975,000 $3,355,000 12.8% 9.3%
    Barrington Bank & Trust Company, N.A. $465,000 $2,965,000 537.6% 8.2%
    QUICKEN LOANS, LLC $1,185,000 $1,530,000 29.1% 4.2%
    CREDIT UNION 1 $1,200,000 $1,460,000 21.7% 4.0%
    NEWREZ LLC $225,000 $1,375,000 511.1% 3.8%
    Alaska USA Federal Credit Union $1,080,000 $1,105,000 2.3% 3.0%
    GUARANTEED RATE, INC. $1,090,000 n/a 3.0%
    NAVY FEDERAL CREDIT UNION $580,000 $1,080,000 86.2% 3.0%
    CMG MORTGAGE, INC. $605,000 $1,050,000 73.6% 2.9%
    PENNYMAC LOAN SERVICES, LLC $970,000 $940,000 -3.1% 2.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $355,000 $880,000 147.9% 2.4%
    Wells Fargo Bank $270,000 $750,000 177.8% 2.1%
    AMERISAVE MORTGAGE CORPORATION $1,085,000 $740,000 -31.8% 2.0%
    LOANDEPOT.COM, LLC $405,000 $710,000 75.3% 2.0%
    BROKER SOLUTIONS, INC. $580,000 n/a 1.6%
    COMMUNITYAMERICA $565,000 n/a 1.6%
    HomeStreet Bank $565,000 n/a 1.6%
    First National Bank Alaska $325,000 $405,000 24.6% 1.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $395,000 n/a 1.1%
    The Federal Savings Bank $365,000 n/a 1.0%
    Armed Forces Bank $355,000 n/a 1.0%
    FREEDOM MORTGAGE CORPORATION $335,000 n/a 0.9%
    MEMBER FIRST MORTGAGE, LLC $790,000 $305,000 -61.4% 0.8%
    VILLAGE CAPITAL MORTGAGE $235,000 n/a 0.6%
    RESIDENTIAL MORTGAGE, LLC $1,895,000 $205,000 -89.2% 0.6%
    Discover Bank $160,000 $115,000 -28.1% 0.3%
    Coastal Community Bank $55,000 $70,000 27.3% 0.2%
    USAA Federal Savings Bank $65,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $175,000 $55,000 -68.6% 0.2%
    Figure Lending LLC $70,000 $45,000 -35.7% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $45,000 n/a 0.1%
    NuVision Federal Credit Union $35,000 n/a 0.1%

    Ketchikan's top lender by overall market share is RESIDENTIAL BANCORP, with 13.7% market share. In second place, with 11.1%, is GUILD MORTGAGE COMPANY, having originated $4,030,000 in loans. In third place, with 9.6%, is CORNERSTONE HOME LENDING, INC., having originated $3,480,000 in loans. In fourth place, with 9.3%, is Mortgage Research Center, LLC, having originated $3,355,000 in loans. In fifth place, with 8.2%, is Barrington Bank & Trust Company, N.A., having originated $2,965,000 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 $189,875 (-31.7%) $264,985 (-43.4%) 0.00 85
    2018-02-01 $205,250 (-25.4%) $270,857 (-42.2%) 0.00 80
    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 (-8.1%) 0.00 88
    2018-10-01 $281,000 (12.9%) $345,717 (-13.0%) 0.00 85
    2018-11-01 $297,250 (20.6%) $361,831 (-9.1%) 0.00 71
    2018-12-01 $269,000 (9.1%) $347,768 (-13.4%) 0.00 72
    2019-01-01 $269,000 (41.7%) $307,421 (16.0%) 0.00 68
    2019-02-01 $269,000 (31.1%) $314,991 (16.3%) 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%) $479,527 (10.6%) 0.00 41
    2024-05-01 $449,000 (2.3%) $473,758 (6.1%) 0.00 35
    2024-06-01 $449,000 (6.4%) $461,885 (8.6%) 0.00 44
    2024-07-01 $497,250 (19.8%) $534,937 (27.5%) 0.00 49
    2024-08-01 $449,000 (14.0%) $499,160 (28.4%) 0.00 59
    2024-09-01 $439,000 (4.5%) $520,624 (25.1%) 0.00 61
    2024-10-01 $449,000 (10.3%) $524,929 (24.0%) 0.00 57
    2024-11-01 $449,000 (4.7%) $506,102 (16.9%) 0.00 43
    2024-12-01 $449,000 (-0.2%) $475,796 (5.2%) 0.00 40
    2025-01-01 $434,500 (-3.3%) $468,108 (6.0%) 0.00 38
    2025-02-01 $446,500 (2.8%) $463,452 (11.8%) 0.00 32
    2025-03-01 $444,000 (-0.2%) $491,878 (9.8%) 0.00 41
    2025-04-01 $449,000 (-1.6%) $491,537 (2.5%) 0.00 49
    Ketchikan's median listing price for 2025-04-01 was $449,000, a difference of $-7,500 (-1.6%) versus the prior year and $5,000 versus the prior month.

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

    Ketchikan's average listing price for 2025-04-01 was $491,537, a difference of $12,010 (2.5%) versus the prior year and $-341 versus the prior month.

    For the 2025-04-01 period, Ketchikan had 49 MLS listings, a difference of 8 listings (20%) versus the prior month and 8 listings (20%) 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 1,488 sqft
    2018-02-01 0 days 1,502 sqft
    2018-03-01 0 days 1,502 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 1,778 sqft
    2018-09-01 0 days 1,749 sqft
    2018-10-01 0 days 1,625 sqft
    2018-11-01 0 days 1,624 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 1,444 sqft
    2023-11-01 0 days 1,541 sqft
    2023-12-01 0 days 1,501 sqft
    2024-01-01 0 days 1,556 sqft
    2024-02-01 0 days 1,433 sqft
    2024-03-01 0 days 1,716 sqft
    2024-04-01 0 days 1,820 sqft
    2024-05-01 0 days 1,658 sqft
    2024-06-01 0 days 1,610 sqft
    2024-07-01 0 days 1,821 sqft
    2024-08-01 0 days 1,601 sqft
    2024-09-01 0 days 1,602 sqft
    2024-10-01 0 days 1,626 sqft
    2024-11-01 0 days 1,620 sqft
    2024-12-01 0 days 1,466 sqft
    2025-01-01 0 days 1,435 sqft
    2025-02-01 0 days 1,458 sqft
    2025-03-01 0 days 1,520 sqft
    2025-04-01 0 days 1,440 sqft
    Ketchikan's median listing age (time on market) for 2025-04-01 was 0 days.

    Ketchikan's median square footage for active listings during the 2025-04-01 period was 1,440 sqft. One year prior, the average listing was 1,820 sqft.

    Ketchikan, AK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 65 $26,775,000 $411,923
    Cash Out Refi 19 $4,735,000 $249,211
    Home Improvement 9 $885,000 $98,333
    Refi 9 $3,635,000 $403,889
    Other 5 $235,000 $47,000

    Ketchikan's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 51 $18,635,000 $365,392
    5-6% 19 $7,385,000 $388,684
    7-8% 18 $7,110,000 $395,000
    Over 8% 16 $1,480,000 $92,500
    4-5% 2 $1,260,000 $630,000
    2.5-3% 1 $395,000 $395,000

    During 2024, Ketchikan's most frequently originated rate bucket was 6-7%, with 51 originations.

    Loan Sizing (Ketchikan, AK MSA)

    Loan Size Originations Total Value Average Loan
    $400k-600k 40 $19,300,000 $482,500
    $200k-400k 38 $12,050,000 $317,105
    $100,000 or less 18 $940,000 $52,222
    $100k-200k 7 $925,000 $132,143
    $600k-1000k 4 $3,050,000 $762,500

    Ketchikan's loan sizing saw the bucket of loans from $400k-600k with 40 originations, totaling $19,300,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 52 $21,780,000 $418,846
    60-80% 18 $6,710,000 $372,778
    Under 20% 16 $870,000 $54,375
    20-40% 7 $755,000 $107,857
    Over 100% 7 $3,375,000 $482,143
    40-60% 5 $1,455,000 $291,000

    Ketchikan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 52 originations, totaling $21,780,000 in origination value.