Hawaii Mortgage Rates;
The housing market in Hawaii is stabilizing and there are no signs of a sharp downturn. There are a growing number of young buyers entering the market as they feel that the market is less volatile now. Sellers who were originally pricing their homes too high are now becoming more realistic about their asking prices.
This is all good news for buyers. There are more good quality homes being offered at affordable prices.
Buyers are also less willing to spend time and money on a home which needs repair. As there is more choice now, buyers are looking for good quality homes which are ready to move into. Sellers who offer incentives and who do some work on their properties to make them more saleable will benefit. The present state of the market offers some great buying opportunities and is in a healthy state.
For many people who were priced out of the market during the last couple of years, this is a great time to enter the housing market.
Below are examples of rates currently being offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.375% to 6.125%
15 Yr Fixed : rates from 5.125% to 5.875%
1 Yr ARM : rates from 5.125% to 5.5%
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3/1 ARM : rates from 5% to 5.875%
5/1 ARM : rates from 5.125% to 6%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 5.75% to 6.375%
15 Yr Fixed Jumbo : rates from 5.375% to 6.125%
1 Yr ARM Jumbo : rates from 5.125% to 5.5%
3/1 ARM Jumbo : rates from 5.375% to 6.125%
5/1 ARM Jumbo : rates from 5.375% to 6.25%
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Looking for a mortgage in one of Hawaii's major cities? Click any of the cities below for more mortgage information.
Major Hawaii
Cities;
Honolullu
Kauai
Maui
Oahu
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