AHFC's 30-year rates rose sharply between September 21 and September 28:
| Program | Sept 21 | Sept 28 |
|---|---|---|
| Rural Owner Occupied | 6.50% | 6.75% |
| First Home | 6.75% | 7.00% |
| First Home Limited / Veterans | 6.25% | 6.625% |
| My Home | 7.00% | 7.25% |
| Uniquely Alaskan | 7.25% | 7.50% |
Commercial rates are also higher. AHFC's commercial loans up to $500,000 are at 8.25%, and Rural Commercial is at 7.25%. On September 29, residential rates moved up again. Rural Owner Occupied is now 6.875%, up from 6.125% on September 1.
Nationally, Freddie Mac's 30-year average hit 7.03% on September 24, up from 6.95% the week before. That's the first reading above 7% since January 2025.
Why it matters: On a $400,000, 30-year loan, the increase from 6.50% to 6.75% adds about $66 a month. Compared with September 1, the added cost is about $164 a month before taxes and insurance, and a bit more after the September 29 move. Commercial cash flow is also getting harder to make work at current asking prices.
Watch next:
- Whether sellers begin offering closing-cost help or rate buydowns.
- Whether higher rates lead to appraisal gaps or canceled contracts.
- How FHA and HUD 184 loans are affected. I'll cover those in a separate post.
I'm not a lender or financial advisor. Confirm rates and terms with an AHFC-approved lender.
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