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 interest rates from different lenders/banks, including Central Pacific HomeLoans, Countrywide, Wells Fargo, IndyMac, and more.  Today for a 30 yr fixed mortgage I can get your clients 6% With 1 point, 6.125 with .5 points, or 6.25% 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 6.31%.

The average 15-year fixed rose to 5.97%.

The average jumbo 30-year fixed rose to 7.3%.

5/1 ARM rose to 6.31%.

Home Equity Loans Rates same:

The average HELOC remained at 7.48%.

The average fixed-rate home equity loan at 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.