Hi All,
Just learned from my friend and loan officer, Elizabeth Lee at Territorial Savings Bank, that Freddie Mac will be adding .75 point to each condo loan. That means there is a slightly higher fee to buy a condo now.
Rates are still really low.
In addition, nothing official, but the feeling is that rates will climb again by summertime. Of course, this is not a prediction or a forecast, but that is the general feeling among lenders I have spoken to.
So what does that mean? Maybe it’s the right time to take advantage of motivated sellers and low rates.
Please comment or discuss below.
Aloha!
| Conventional Rates | ||||
| 30 Year Fixed | ||||
| 15 Year Fixed | ||||
| 4.38% | @ 2.0pts | 4.63% | @ 2.0pts | |
| 4.75% | @ 1.5pts | 5.00% | @ 1.5pts | |
| 5.00% | @ 1.0pts | 5.25% | @ 1.0pts | |
| FHA/VA 30 Year Fixed | ||||
| 5.00% | @ 2.0pts | |||
| 5.25% | @ 1.5pts | |||
| 5.63% | @ 1.0pts | |||
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