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Mortgage rates are rising! Update April 1st, 2022

denisemiyahira

Updated: Apr 13, 2022

Aloha! Can you believe it’s April 1st already? And no, this is not an April fools joke, mortgage rates are continuing to climb…


During the week the mortgage rates climbed to about 5% but as of today Friday, April 1st it shows the mortgage rates came down to 4% (WHEW) as I checked local banks and mortgage brokers.



LEI homes Honolulu real estate tips
Check with your loan officer to see what impact the changing interest rates have on your borrowing power.

What does this mean? It means you need to speak with a loan officer to review your finances especially if you were qualified 6 months to a year ago. The rates have drastically changed the monthly payments and affordability and your financial monthly scenarios and amounts you qualify for may have changed.


Have questions? Feel free to reach out.


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