Hey Brittany! What’s my Payment Parade of Homes
- Sep 21, 2025
- 2 min read
New Construction Shines Bright in the Land of the Midnight Sun
Anchorage’s new construction housing market is showing signs of strength, even as buyers and builders navigate the challenges of higher costs. New homes are springing up across the city, especially in areas like South Anchorage and Eagle River. These homes have modern designs, energy-efficient features and plenty of garage space for your toys.
Mortgage rates are also more encouraging. As of late June, the average 30-year fixed rate in Alaska is around 6.5%, an improvement that’s helping thaw some of the residual buyer hesitation after last year’s peak rates. With local and national averages dropping, it’s a hopeful trend that could open the door for more first-time buyers and growing families.
Inventory remains tight but builders are staying active and optimistic, especially as demand for energy-efficient, low-maintenance homes continues to rise. Many buyers are locking in slightly lower rates with builder incentives or lender buy-downs.
While Anchorage isn’t immune to national trends, its local market remains resilient. With a bit of patience and a good pre-approval letter, 2025 could be the year many Alaskans find their way into a brand-new home.
Brittany Quesnell
Loan Officer
NMLS 820704/1783683
907-360-3560
eFax: 907-917-5464
DISCLAIMER:
Brittany Quesnell, Loan Originator, Raven Mortgage LLC, NMLS 820704/1783683, 907-360-3560, www.ravenmortgage.net.
Hypothetical scenarios are meant to be informational only, do not factor in borrower information, and are subject to modifications related to property type, occupancy type, loan amount, loan-to-value ratio, credit score, and other variables. Terms and conditions apply. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Fair Lending laws/Equal Housing Opportunity lender. Interest rates and annual percentage rates (APRs) shown are CONV loans in AK only, hypothetical as of 7/29/25.
Consumer Access: www.nmlsconsumeraccess.org
