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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 offer wholesale mortgage interest rates from different lenders/banks, including Central Pacific HomeLoans, Countrywide, Wells Fargo, IndyMac, and more.  Today for a 30 yr fixed mortgage today I can get your clients 5.75% with .875 points, 5.875% with .375 points, or 6% With 0 points, lower than the average retail rates below.

Below are the average rates according to a survey of large lenders with an average of .35 points.  Lower rates available by paying more points up front.

The average 30-year fixed rose to 6.21%.

The average 15-year fixed at 5.9%.

The average jumbo 30-year fixed at 7.26%.

5/1 ARM fell to 6.28%.

Home Equity Loans Rates mixed:

The average HELOC dipped to 7.48%.

The average fixed-rate home equity loan rose to 8.01%.

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

Happy Holidays!

Pete Castillejos

808 Home Mortgage, Inc.

 

 
This post has been included in Hawaii Information

3 Comments on Hawaii Mortgage Interest Rates 12/20

Hey Pete! Where ya been?  Remember...we're going to have the get together with all the AR people end of January ...stay tuned!

12/20/2007 03:10 PM by Celeste "SALLY" Cheeseman (RA), e-PRO HAWAII Real Estate & HAWAII Relocation (Century 21 Liberty Homes -Mililani, Hawaii)


I am happy to see rates holding.  It gives us hope going into the new year for a sustained market here.

12/25/2007 12:58 PM by Randy L. Prothero - Hawaii REALTORĀ® (Century 21 Liberty Homes)


Sally - Yes, please let me know when that happens!

Randy - I'm happy too.  It's been pretty steady so I hope for a good 2008! 

12/26/2007 04:39 PM by Pete Castillejos Hawaii Refinance or Real Estate Purchase (808 Home Mortgage, Inc.)


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Loan Officer: Pete Castillejos Hawaii Refinance or Real Estate Purchase (808 Home Mortgage, Inc.)
Pete Castillejos Hawaii Refinance or Real Estate Purchase
Kailua, HI
More about me…
808 Home Mortgage, Inc.

Office Phone: (808) 779-PETE
Email Me



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