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.