Tag Archives: rates
Percentage of Homes in Hawaii that have Negative Equity
State
Mortgages
Negative Equity Mortgages
Near** Negative Equity Mortgages
Negative Equity Share
Near** Negative Equity Share
Total Property Value
Mortgage Debt Outstanding
Net Homeowner Equity
Loan-to-Value Ratio
Hawaii
230,246
22,594
7,751
9.8%
3.4%
122,328,518,254
65,483,180,032
56,845,338,222
54%
Source: CoreLogic
According to CoreLogic, Hawaii is the 10th lowest Negative Equity state. What that means is that most of the mortgages in Hawaii are not below their value. Or another term for it is under water, upside down, [...]
Posted in General Hawaii Real Estate Info Also tagged foreclosures, hawaii real estate Leave a comment
Take a Close Look at Mortgage Rates NOW
Do you have a mortgage with a variable or high interest rate? If you do, it makes a lot of sense to refinance. Thirty-year fixed-rate mortgages are currently only about 5 percent – and you want to lock in a low rate now, because inflation is on the horizon.
Inflation is coming due to the colossal amount [...]
$8,000 First Time Homebuyer Credit
$8,000 First Time Homebuyer Credit can Now Be Used as Down Payment on FHA Loans
Aloha Everyone!
Here is some good news for first time homebuyers that want to take advantage of the historically low rates and very soft sellers.
According to Rob Chrisman’s blog http://www.robchrisman.com/ ,
“Shaun Donovan, secretary of the U.S. Department of Housing and Urban [...]
Posted in General Hawaii Real Estate Info, Hawaii Buyers Tips Also tagged buyers, deal, fha, first time homebuyer credit, hawaii real estate Leave a comment
Thoughts from Warren Buffett and Charlie Munger
Warren Buffett is the chairman of Berkshire Hathaway Inc. and is one of the world’s wealthiest men. Buffett is known as “the Sage of Omaha” for his remarkable savvy in stock market investments and for the success of Berkshire Hathaway — the textile company he acquired in 1965 and turned into a holding company for [...]
Posted in General Hawaii Real Estate Info, Other Things Hawaii Also tagged buyers, hawaii real estate, honolulu, market, Sales and Marketing Leave a comment
Be careful when looking for the best mortgage rate
Saw an interesting article that I thought buyers and homeowners looking to refi in Hawaii real estate may find interesting:
Potential homebuyers always ask why some brokers offer or advertise mortgage rates which are “much lower” than any of the banks or mortgage banks. These rates are posted weekly to a number of sources including the local newspaper, [...]
Daily Mortgage Rates
This was sent to me from Paul Tamashiro of Prospect Mortgage
Conventional Rates
15 Year Fixed 30 Year Fixed
4.25% @ 2.0pts 4.63% @ 2.0pts
4.50% @ 1.0pts 4.88% @ 1.0pts
4.75% @ 0.5pts 5.13% @ 0.5pts
FHA/VA 30 Year Fixed
4.88% @ 2.0pts
5.13% @ 1.5pts
5.50% @ 1.0pts
Today’s Interest Rates
This is from a local mortgage banker, Paul Tamashiro of Prospect Mortgage.
Conventional Rates
15 Year Fixed 30 Year Fixed
4.25% @ 2.0pts 4.50% @ 2.0pts
4.50% @ 1.0pts 4.75% @ 1.5pts
4.88% @ 0.5pts 5.00% @ 1.0pts
FHA/VA 30 Year Fixed
4.88% @ 2.0pts
5.13% @ 1.5pts
5.38% @ 1.0pts
Freddie Mac to add .75 point to condo loans
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 [...]
Posted in General Hawaii Real Estate Info Also tagged freddie mac, hawaii real estate, jeff orig 4 Comments
Click Here to Add Us to Your Google Homepage
Is the Oahu Real Estate Market Stabilizing? How Are Home Values in My Neighborhood?