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Wailea Maui: Mortgage Rate Sinks to 4.32 Percent

By
Real Estate Technology with Altos Research 72732

Aren't these interest rates just incredible?

Average interest on 30-year fixed mortgages fell this week to 4.32 percent, matching the lowest level on record. Interest on 15-year loans, meanwhile, declined to 3.75 percent, setting an all-time low.

Investors have been flocking to the safety of Treasury bonds since the spring, which has driven down their yields and helped to keep rates at or near the lowest levels in decades.

Source: Boston Globe (10/01/10)

Buying on Maui is more affordable than it has been in decades!

<strong>Side note...</strong>
It is not often that Maui has a "Buyers Market", but we're in one now...but inventory is shrinking as buyers-investors have come to buy a piece of paradise while it's so cheap. This Buyer's market will be changing to a Seller's market...the question is...will you buy now and pay less, or wait for the market to turn a pay more?

If you are interested in owning property on Maui - more specifically, Kihei or Wailea (areas I focus on) please contact me for a list of Maui's Best Buys!

Aloha,

Jeff

Jeff Graves I Realtor®(S)
(808.633.1292 (Cell)
JeffGraves@ClearWire.net

Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753

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