Hawaii Mortgage Interest Rates / Hawaii Mortgage News 11/24/08

Aloha Everyone,

Rates great today. Below is today's interest rates and market news.

Market Highlights:

•· Stocks jump after government announced plan to bail out Citigroup

•· Existing home sales decline worse than expected in October

•· Fannie and Freddie suspend evictions/foreclosures to buy time for rescue plan

Interest Rates, 30 day lock :(wholesale rates, usually lower than banks advertised rates)- as of 11/17, 10:30am HI time

30 yr fixed: 5.375% w/ 2.125 points, 5.625% w/ 1.125 points, 6% w/ 0 points

15 yr fixed: 5.125% w/ 1.875 points, 5.375% w/ 1 point, 5.875% w/ 0 points

30 yr Jumbo: 5.625% w/ 1.375 points, 5.875% w/ .625 points, 6.125% with 0 points

Products:

The following are available in the market:

•· First Time Home Buyer promotions (less points, free appraisal)

•· Stated Income/Stated Assets (720 FICO and 500k net worth)

•· 100% Financing on 30 yr fixed (geographic/income restrictions)

•· Hawaii VA loan up to $793,750. VA jumbo available up to 1 mil.

•· Hawaii Jumbo Loan

•· Hawaii CondoTels / Condo Hotel

•· 90% Financing on Hawaii Construction loans

•· 10-40 yr fixed rate program

Feel free to call me for updated rates and scenarios. Have a great week!

Pete

Visit http://www.HawaiisMortgageGuy.com to prequalify

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