Aloha Everyone,

Not a great day for rates.

Rates took a dip in the beginning of the week, ending the trend of over a month of rate increases. However yesterday and today have not been pretty as rates went up again.  A projected economic slow down may have played a factor.  According to ADP employment fell by 23,000 jobs.  Oil prices went up again over $100 a barrel for the first time.  

808 Home Mortgage, Inc. offers wholesale mortgage interest rates from different lenders/banks, typically lower than their advertised retail rates (if consumers went to them directly rather than through a broker.) This morning for a 30 yr fixed mortgage it's looking like 6.25% with 1 point, 6.375% with .5 points, or 6.5% with 0 points.

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

Pete Castillejos                                                                                                                                     

808 Home Mortgage, Inc.

Funding loans through Central Pacific HomeLoans, Countrywide, Wells Fargo, IndyMac, First Hawaiian Bank, Washington Mutual, Bank of Hawaii, and more.