Alabama Mortgage Rate Trends
Track current and weekly average mortgage rates across all loan products in Alabama, view interactive rate trend charts, and compare AL borrowing costs against the national average.
Current Alabama Mortgage Rate Trends
Mortgage rates in Alabama rose by +0.137 this week, pushing the current 30-year fixed average to 6.259%. Borrowers shopping for a home loan in AL are now paying more than they would have last week, when the average stood at 6.122%.
Alabama's 30-year fixed rate of 6.259% is currently in line with the national average of 6.259%, indicating AL is tracking closely with broader U.S. mortgage market conditions.
The 15-year fixed rate in Alabama currently averages 5.612%, compared to 5.659% last week. Homeowners considering a refinance into a shorter term should weigh this rate against their current loan conditions and remaining balance. Shorter-term loans typically carry lower rates but require higher monthly payments.
The Alabama mortgage rate averages displayed on this page are calculated from 182 verified mortgage rate quotes collected across 38 lenders actively operating in Alabama. Our proprietary systems collect and verify mortgage rates daily — tracking what real licensed institutions are actually quoting to borrowers, not published rate sheet estimates.
Unlike rate comparison sites that show only a handful of lenders, MonitorBankRates maintains a continuously updated mortgage rate database spanning community banks, regional lenders, national institutions, and credit unions across Alabama. This scale allows us to calculate averages that reflect the full lending landscape — not just the most aggressive advertisers — giving borrowers, journalists, and real estate professionals a more accurate benchmark for what rates actually look like in AL.
Data reflects average rates offered by licensed institutions operating in AL. Last Updated: April 20, 2026
Alabama Mortgage Rate Trends
Daily average rates across all loan products. Hover over the chart to see exact rates for each day.
Alabama mortgage rate averages compiled from 182 current mortgage rates across 38 lenders operating in AL — updated daily.
As of Apr 20, 2026 • Data provided by MonitorBankRates.com
For Media, Researchers & Real Estate Professionals
Journalists covering Alabama housing markets, real estate professionals advising clients on timing, and academic researchers studying regional lending patterns are welcome to cite and reference this data. All historical AL rate data is free to use for editorial, research, and educational purposes.
Please attribute MonitorBankRates.com when referencing our figures in any publication, article, or report — and optionally link to https://monitorbankrates.com/mortgage-loan-rates/alabama/trends. For custom data pulls, contact us here.
