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The interest rate on a mortgage originated or purchased in whole or in part under 15 AAC 152.010 - 15 AAC 152.100 is one percent less than the interest rate, as determined under 15 AAC 150.060. However, other than a loan for teacher housing under 15 AAC 152.080, the interest rate on that portion of a loan for a single-family house or owner-occupied duplex that exceeds $250,000 is the same as the interest rate determined under 15 AAC 150.060.
History: Eff. 9/25/2002, Register 164
Authority: AS 18.56.088
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Last modified 7/05/2006