Kihei Maui: Mortgages Hit Lowest Levels Since 1950s

Thirty-year fixed mortgages slipped to 4.27 percent this week, the lowest on records dating back to 1971, from 4.32 percent last week.

A drop in interest on 15-year loans to 3.72 percent from 3.75 percent, meanwhile, was the lowest on records dating back to 1991. Freddie Mac also reported that the five-year adjustable-rate mortgage fell to 3.47 percent from 3.52 percent last week, and the one-year ARM dropped to 3.40 percent this week from 3.48 percent.

It is still a buyer's market on Maui...learn how to take advantage of it.

Aloha,

Jeff

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

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

Source: Chicago Sun-Times (10/08/10)