Hilde's Mortgage Blog

AHFC News Release

ANCHORAGE, Alaska – Wednesday, September 09, 2009 –Alaska Housing Finance Corporation (AHFC) in May announced that by using proceeds from a variety of bond programs, they had lowered interest rates for purchases by first-time homebuyers and veterans.

Since May, rates for these loans have dropped another .5 percent, to the lowest rates available. Prior to this action, AHFC had been unable to compete with Fannie Mae’s and Freddy Mac’s federally subsidized interest rates. AHFC CEO Dan Fauske said the special rate is a win-win for everyone, since it provides first-time homebuyers and veterans access to low rates, and it keeps the loans in Alaska.