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.

But let's not fall down on our call to action! Summer is almost over, kids are back to school, State Fair is over and we have had our last holiday for a while. So, let's get refocused on our opportunities. Housing, Homeownership, investing in the American dream. Yes, homeownership is still possible in spite of all the woes in the financial markets and our economy. AHFC, FHA, VA, USDA, HUD184, Fannie Mae, Freddie Mac, they are all still here and they are all still available for home financing. To top it off, remember the tax credit of up to $8,000 for first time home buyers. It is scheduled to sunset on December 1st this year. Grab it before it's gone!