Current Alabama Mortgage Rates
Average market rates for January 23, 2026 in Alabama are 6.19% for 30-year fixed purchase and 6.28% for 30-year fixed refinance
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.19% | 6.22% |
| 30-year Fixed Refinance | 6.28% | 6.30% |
Rates based on market averages as of Jan 22, 2026.Mortgage Rate Trends in Alabama
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.19% | 6.22% |
| 30-year Fixed Refinance | 6.28% | 6.30% |
Rates based on market averages as of Jan 22, 2026.Alabama Purchase Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Purchase | 5.41% | 5.46% |
| 15-year Fixed Jumbo Purchase | 6.00% | 6.03% |
| 30-year Fixed Purchase | 6.19% | 6.22% |
| 30-year Fixed Jumbo Purchase | 6.76% | 6.78% |
Rates based on market averages as of Jan 22, 2026.Alabama Refinance Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Refinance | 5.39% | 5.43% |
| 15-year Fixed Jumbo Refinance | 6.01% | 6.03% |
| 30-year Fixed Refinance | 6.28% | 6.30% |
| 30-year Fixed Jumbo Refinance | 6.76% | 6.78% |
Rates based on market averages as of Jan 22, 2026.Alabama ARM Rates
| Product | Rate | APR |
|---|
| 5/6 Arm (purchase) | 6.07% | 6.11% |
| 5/6 Arm (refinance) | 6.10% | 6.13% |
| 5/6 Jumbo Arm (purchase) | 5.72% | 5.73% |
| 5/6 Jumbo Arm (refinance) | 5.75% | 5.77% |
Rates based on market averages as of Jan 22, 2026.How we source rates and rate trends
×
Rate data in the charts and tables above comes from
RateUpdate.com.
The displayed rates come from multiple providers and represent market averages. Your mortgage rate will differ
based on individual factors like your credit score as well as differing loan types and terms offered by lenders.
Most Common Mortgage Types in Alabama
- Conventional: 42,410 loans
- FHA: 12,342 loans
- VA: 9,585 loans
- USDA: 2,384 loans
Top Purchase Lenders in Alabama by Volume
- Trustmark National Bank: 3,781 loans
- Fairway Independent Mortgage Corporation: 3,412 loans
- Regions Bank: 2,371 loans
- Rocket Mortgage, LLC: 2,257 loans
- Mortgage Research Center, LLC: 2,146 loans
- Firstbank: 1,913 loans
- DHI Mortgage Company, Ltd.: 1,875 loans
- Movement Mortgage, LLC: 1,806 loans
- Renasant Bank: 1,761 loans
- Guild Mortgage Company LLC: 1,452 loans
Top Refinance Lenders in Alabama by Volume
- Regions Bank: 1,293 loans
- PNC Bank: 752 loans
- Rocket Mortgage, LLC: 752 loans
- Redstone Federal Credit Union: 544 loans
- Pennymac Loan Services, LLC: 468 loans
- Cadence Bank: 389 loans
- Trustmark National Bank: 319 loans
- Bank Independent: 295 loans
- Wells Fargo Bank: 291 loans
- Freedom Mortgage Corporation: 279 loans
Top Cash-Out Refinance Lenders in Alabama by Volume
- Rocket Mortgage, LLC: 4,266 loans
- Loandepot.com, LLC: 1,037 loans
- Nationstar Mortgage LLC: 857 loans
- Freedom Mortgage Corporation: 771 loans
- Pennymac Loan Services, LLC: 595 loans
- Wells Fargo Bank: 529 loans
- Listerhill Credit Union: 384 loans
- Amerisave Mortgage Corporation: 359 loans
- Home Point Financial Corporation: 359 loans
- New Day Financial, LLC: 354 loans
How we source lender data
Meet the Author
The Refi.com team is compiled of journalists, editors, and mortgage industry professionals to ensure you have the most accurate information on mortgage refinancing.
