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 possible to lower the rate by paying more points up front.   

We at 808 Home Mortgage Inc are a brokerage that 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 6.25% with .25 points.  Lower than the average rates below.

The average 30-year fixed increased to 6.5%.

The average 15-year fixed rose to 6.18%.

The average jumbo 30-year fixed fell to 7.38%.

5/1 ARM fell to 6.45%.

Home Equity Loans Rates remain about the same:

The average HELOC at  8.25%.

The average fixed-rate home equity loan dropped to 8.046%.

Let me know if you want me to run specific scenarios for your Hawaii Mortgage Refinance or Hawaii Real Estate Purchase!

Mahalo and have a great week!

Pete Castillejos

808 Home Mortgage, Inc.