Hawaii Mortgage Interest Rates 10/04

Aloha Everyone,

After rising the last 2 weeks, rates finally came down.  Experts say a major influence is a decrease in inflation compared to last year.

808 Home Mortgage, Inc. can offer wholesale rates from different lenders/banks.  Today for a 30 yr fixed mortgage I can get your clients 5.98% with 1 point, or 6.125% with .75 points, 6.25% with .25 points, lower than the average rates below.

Below are the average rates according to a survey of large lenders with an average of .36 points.  Lower rates available by paying more points up front.

The average 30-year fixed dropped to 6.42%.

The average 15-year fixed fell to 6.1%.

The average jumbo 30-year fixed fell to 7.28%.

5/1 ARM fell to 6.26%.

Home Equity Loans Rates mixed:

The average HELOC fell to 7.88%.

The average fixed-rate home equity loan about the same at 8.06%.

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

Mahalo!

Pete Castillejos

808 Home Mortgage, Inc.