Thirty-year fixed mortgages slipped to 4.27 percent this week, the lowest on records dating back to 1971, from 4.32 percent last week.
A drop in interest on 15-year loans to 3.72 percent from 3.75 percent, meanwhile, was the lowest on records dating back to 1991. Freddie Mac also reported that the five-year adjustable-rate mortgage fell to 3.47 percent from 3.52 percent last week, and the one-year ARM dropped to 3.40 percent this week from 3.48 percent.
On Maui it's a Buyer's Market...
It is not often that Maui has a "Buyers Market", but we're in one now...but inventory is shrinking as buyers-investors have come to buy a piece of paradise while it's cheap. This Buyer's market will be changing to a Seller's market...the question is...will you buy now and pay less, or wait for the market to turn and pay more?
Can you imagine...
- vacationing on Maui whenever you want
- having a retreat for your family to enjoy
- what would your friends think if you let them stay in your "place on Maui"
How cool would that be?
Maui is paradise...and owning property on Maui can be...no ka oi..
Keep it simple with...
a turn-key vacation rental that's my specialty. (I'm not talking about timeshare here). Vacation rental are for your personal use and when you are not here on Maui your condo could be in a rental pool generating you income.
Would you like to receive a check each month?
Some, not all, of the properties with the current prices can provide you with cash at the end of the month. Of course, much of this depends on the purchase price, your down payment amount, etc. but I'll help provide you with information so you can make an informed decision.
Call me and I'll send you a vacation rental package.
Aloha,
Jeff
Jeff Graves, Realtor®(S)
(808.633.1292 (Cell)
JeffGraves@ClearWire.net
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753
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