Hawaii Mortgage Loan Officer and Hawaii VA Loan Eligibility

Aloha Everyone, Rates a little higher than last week, but supposedly the Feds may drop the rates after meeting this week.  Below are a snapshot of today's wholesale rates I get from local banks and current market news:  Market Highlights •·         New home sales up 2.7% •·         Mortgage appli...

Aloha Everyone, Nice rate dip today from yesterday... Interest Rates, 30 day lock (wholesale rates, lower than banks advertised rates) - as of 10/22, 9:30am HI time 30 yr fixed: 5.5% w/ 1.625 points, 5.625% w/ 1 point, 5.875% w/ 0 points 15 yr fixed:  5% w/  1.625 points, 5.25% w/ 1.125 points, 5...

Aloha Everyone, The most popular question I've been getting:  "What do you think rates will be like tomorrow?"  If I knew, I'd be a rich man! My feeling is that if you/your client is happy with the rates that day, and the monthly payment is something they can afford... lock it in.  Yes, it might...

Aloha Everyone, Many local banks were closed yesterday to observe the holiday.  Below are their rates for today, which is slightly better than yesterdays national rates, as well as available products. Interest Rates, 30 day lock - as of 10/14  30 yr fixed: 6% w/ 2 points, 6.25% w/ 1 point, 6.5% w...

Aloha Everyone, Many local banks are closed today observing the holiday so I didn't get all my usual rate sheets sent to me, but I have a few quotes below from national lenders we work with as well as some market news for you.  Rates went up, probably do to the volatility of wall street.  When bo...

Aloha Everyone, A lot has happened in the market place.  News and today's rates are below.  Market Highlights •·         $700 billion bail out approved •·         Citigroup and Wells Fargo fighting to buy out Wachovia •·         Multi-billion dollar settlement announced over alleged unfair/decept...