hawaii loan officer: Hawaii Mortgage Interest Rates / Market Report 07/21/08 - 07/21/08 08:00 PM
Aloha Everyone,
Here's news from the last couple of days, as well as a summary of current wholesale rates I compiled from local and national lenders I work with including Central Pacific HomeLoans, Wells Fargo, Countrywide, First Hawaiian Bank, First Horizon and more:
Market Highlights
•· Rates worse they have … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 06/09/2008 - 06/09/08 08:29 PM
Aloha Everyone,
I hope all is well. Here is some current market info I gathered today from local and national lenders I work with (Central Pacific HomeLoans, Wells Fargo, Countrywide, IndyMac, First Hawaiian Bank, and more), as well as promotions:
Interest Rates
(range for 0-2 points, contact me for specifics)
… (0 comments)
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hawaii loan officer: Hawaii Loan Amount Increase - 03/07/08 02:23 PM
Hey Folks,
In Hawaii any loans over $625,500 is considered a Jumbo Loan with higher interest rates. To help stimulate the economy and help serve more consumers in "high-cost" areas, Fannie Mae is rolling out a Jumbo-Conforming Mortgage with more attractive rates than the current Jumbo Loans. Below are the new proposed … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 03/06/08 - 03/06/08 12:48 PM
Aloha Everyone,
Not a great day for rates.
Rates took a dip in the beginning of the week, ending the trend of over a month of rate increases. However yesterday and today have not been pretty as rates went up again. A projected economic slow down may have played a factor. According to … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 02/28/08 - 02/28/08 10:00 PM
Aloha Everyone,
You know, I really admire the AR regulars who can keep up with posting blogs so often! I honestly don't know how you do it, but I'm trying!
Mortgage rates rose slightly this week for the 4th time in the last month. However Fed Chair Bernanke hinted to congress yesterday that … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 12/27/2007 - 12/27/07 06:01 PM
Aloha Everyone,
Mortgage rates rose this week, partially due to the volatility of bonds. Also Fannie and Freddie are applying new fees to help their bottom lines as house prices decline, and this is reflected in the higher rates. Jobless claims are also higher than expected.
808 Home Mortgage, Inc. can offer wholesale mortgage … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 12/20 - 12/20/07 02:18 PM
Aloha Everyone,
After a couple weeks of rates rising and falling, rates started to hold steady this week. Mortgage applications increased in its highest amount in two years with the rate drop 2 weeks ago, then declined nearly 20% the following week creating a blow to the housing market.
808 Home Mortgage, Inc. can … (3 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 11/8 - 11/09/07 05:39 AM
Aloha Everyone,
After the FED's cut federal funds, the rate declines we have been enjoying came to a halt. Additionally FED Chairman Bernanke didn't paint a pretty picture talking about the housing slump, the weak dollar, and high oil prices.
808 Home Mortgage, Inc. can offer wholesale mortgage interest rates from different lenders/banks. Today for a 30 … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 11/01 - 11/01/07 10:57 PM
Aloha Everyone,
I hope you had a safe Halloween!
Mortgage interest rates decline slightly for the 3rd week in a row, but what the future holds is anyone's guess. The FED's announcement that they are cutting the federal fund's rate to 4.5% may impact mortgage rates, but it's hard to say which way … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 10/25 - 10/25/07 09:54 PM
Aloha Everyone,
Despite the FEDs not meeting for another week, mortgage interest rates fell sharply this week! This is the third decline in four weeks.
808 Home Mortgage, Inc. can offer wholesale rates from different lenders/banks. Today for a 30 yr fixed mortgage I can get your clients 5.75% with 1.25 point, 5.875% with .875 points, 5.95% … (0 comments)
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hawaii loan officer: "What's Your Rate?" - what's the best way to answer that?? - 10/19/07 09:00 PM
So I get a referral from one of my favorite agents. As always, MUCH appreciated. She did warn me her client was shopping lenders. I call the client, and here's how it went:
ME: "Hi, this is Pete. I got your number from (Realtor) who asked me to give you a call about some … (17 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates as of 10/11 - 10/12/07 01:27 AM
Aloha Everyone,
A month ago the Dept of Labor reported a loss of 4,000 jobs. This month, the economy grew by 89,000 jobs! But an improving economy usually means a rise of interest rates, which is what happened this week. :(
808 Home Mortgage, Inc. can offer wholesale rates from different lenders/banks. Today for a 30 … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 10/04 - 10/04/07 10:36 AM
Aloha Everyone,
After rising the last 2 weeks, rates finally came down. Experts say a major influence is a decrease in inflation compared to last year.
808 Home Mortgage, Inc. can offer wholesale rates from different lenders/banks. Today for a 30 yr fixed mortgage I can get your clients 5.98% with 1 point, or 6.125% with .75 … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 9/13 - 09/13/07 10:53 PM
Aloha Everyone,
With rumors of the FEDS doing a rate cut next week, mixed with an increase in jobless claims, mortgage rates took a dip.
Below are the average rates according to a survey of large lenders with an average of .43 points. It is possible to lower the rate by paying more … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates - 9/06 - 09/07/07 03:30 AM
Aloha Everyone,
Mortgage interest rates moved all over the place this week. Europeans healthy economy lead them to raise rates, while rumours here say the FEDS may decrease funds rate in the next couple of months.
Below are the average rates according to a survey of large lenders with an average of .32points. It is … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 8/09 - 08/09/07 05:32 PM
Aloha Everyone,
Mortgage interest rates FALL again for the third straight week, except for jumbo loans which increased. Investors felt that conforming borrowers will make their mortgage payments so conventional loan products interest rates fell. But they are less sure about Jumbo, Adjustable, and Stated Income mortgages.
Below are the average rates according … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 8/02 - 08/02/07 09:17 PM
Aloha Everyone,
Mortgage interest rates fell slightly again this week, except for jumbo loans. Investors bought into U.S. Treasury notes, causing yields to fall slightly, with mortgage rates following suit. However with delinquencies and foreclosures rising, investors still don't give as much attention to mortgages so the rate dip was minimal … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 7/26 - 07/26/07 02:53 PM
Aloha Everyone,
Mortgage interest rates finally fell for the first time in a month. Nationally, home sales fell in June compared to the same time last year, and prices went up slightly from a year ago. There are over 4 million used houses on sale nationally, making it a buyers market.
Below are … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 7/19 - 07/19/07 03:07 PM
Aloha Everyone,
A lot of mixed news on Wednesday regarding the economy. With home construction declining, retail inflation, and Fed Chairman Ben Bernanke telling Congress that the housing sector will get worse before getting better, the average mortgage interest rates rose again slightly.
Below are the average rates according to a survey … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 7/12 - 07/12/07 05:30 PM
Aloha Everyone,
The average mortgage interest rates rose slightly this week, but pretty steady overall in the past 4 weeks in the range of 6.74%-6.78% with about a quarter point. Bleak news about the housing market plus the overall economy being relatively steady has kept rates about the same.
Below are the … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 7/5 - 07/05/07 10:13 PM
Aloha Everyone,
I hope everyone had a safe Independence Day!
No major news this past week that would affect interest rates, in fact rates are about the same as last week. Year by year inflation comparisons dipped slightly under 2% for the first time in 3 years pushing Treasury yields a little lower. … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 6/28 - 06/28/07 07:03 PM
Aloha Everyone,
Mortgage rates fell slightly for the second week in a row after rising 7 straight weeks. Sales of homes are down, as well as prices. Also fewer people are applying for mortgage loans. This combination contributed to the rates falling slightly. Good time for home buyers, bad time for sellers.
Below … (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 6/21 - 06/21/07 08:58 PM
Aloha Everyone,Mortgage rates fell finally after nearly 2 months as the market had mixed news about home construction being down and news on the cost of gas going up and down rapidly. The below rates are with an average of .27 points. It is possible to lower the rate by paying more … (3 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 6/14 - 06/14/07 06:02 PM
Hi Everyone,
Mortgage rates are STILL rising according a national survey of large lenders. Investors continue to be unhappy with low bonds, and instead are investing in stocks. This causes bond yields to rise, and mortgage rates follow.
Ths jump this past week was the largest increase in almost 4 years for a 1 week period. The … (0 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 6/06 - 06/07/07 07:19 PM
To see what your or your clients qualify for, contact me for a free mortgage interest rate quote.
Hawaii Mortgage Interest Rates, Oahu Mortgage Interest Rates, Maui Mortgage Interest Rates, Kauai Mortgage Interest Rates
Pete
… (2 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 5/30 - 05/31/07 10:25 PM
To see what YOU qualify for, contact me for a free mortgage interest rate quote.
Hawaii Mortgage Interest Rates, Oahu Mortgage Interest Rates, Maui Mortgage Interest Rates, Kauai Mortgage Interest Rates
Pete
… (1 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 5/24 - 05/24/07 01:24 PM
To see what YOU qualify for, contact me for a free mortgage interest rate quote.
Hawaii Mortgage Interest Rates, Oahu Mortgage Interest Rates, Maui Mortgage Interest Rates, Kauai Mortgage Interest Rates
Pete
… (4 comments)
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hawaii loan officer: Hawaii Mortgage Interest Rates 5/16 - 05/16/07 05:11 PM
To see what YOU qualify for, contact me for a free quote!
Hawaii Mortgage Interest Rates, Oahu Mortgage Interest Rates, Maui Mortgage Interest Rates, Kauai Mortgage Interest Rates
Pete
… (2 comments)
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