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New listing Alert and Mortgage Rate info

denisemiyahira

New Listing at 45-535 Luluku Rd. Unit H1 Kaneohe HI 96744

This is a wonderful opportunity to live in Kaneohe at an affordable price! Welcome to Na Pali Gardens in the heart of Kaneohe Town! This 2 bedroom 1 bath ground floor condo with an open parking stall is VA Approved and ready for a new owner. Gorgeous views of the Ko'olau Mountains greet you from the living room and open lanai with a wonderful yard that is peaceful and private.


45-535 Luluku Rd. #H1 Kaneohe, HI 96744.

2 bedrooms 1 bathroom 1 parking stall

722 sq. ft. living area


$714.14 monthly maintenance fees

Offered at $435,000 FS.





New price alert for 91-6629 Kapolei Parkway Ewa Beach HI 96706

Now offered at $899,000 FS! 4 bedroom 3 bathroom single family home with a 2 car garage in Ocean Pointe Ewa Beach.

1560 sq. ft living area, 4666 sq. ft. lot

Built in 2006

$118 monthly association fees








Mortgage rates Headed to 8%?

If you are thinking of buying a home or refinancing your current mortgage, you may want to act fast. Mortgage rates are on the rise and could reach 8% by the end of the year, according to some experts. The average rate on a 30-year fixed-rate mortgage jumped to 7.89% this week, up from 7.86% last week, according to Bankrate’s weekly survey of large lenders1. This is the highest level since November 2000, when the average rate was 7.9%. The increase in mortgage rates reflects several factors, including the Federal Reserve’s ongoing efforts to combat inflation, rising Treasury yields and the fading prospects of a recession. The Fed decided not to raise its key interest rate at its September meeting, but left the door open for another hike before the end of the year. The Fed’s rate affects short-term loans, such as credit cards and home equity lines of credit, but also influences long-term loans, such as mortgages. The 10-year Treasury yield, which is a more relevant benchmark for 30-year mortgage rates, has also risen in recent weeks, reaching 6.5% on Friday1. The yield reflects the demand and supply of government bonds, which are influenced by various factors, such as inflation expectations, economic growth and geopolitical events. The recent conflict in the Middle East has increased the demand for safe-haven assets, such as Treasuries, but also raised concerns about higher oil prices and global instability. “Mortgage rates are driven by expectations of future inflation and economic growth,” says Greg McBride, chief financial analyst at Bankrate1. “The markets do not like uncertainty in global events, and money often flees into perceived safer investments like fixed securities.” However, not all lenders are offering the same rates. Some lenders may have access to lower rates than others, depending on their funding sources and risk appetite. To get the best mortgage rate, you may also want to consider increasing your down payment, improving your credit score and choosing a shorter loan term or an adjustable-rate mortgage (ARM). However, these options may not be suitable for everyone, as they may involve higher upfront costs, higher monthly payments or higher interest rate risk. The bottom line is that mortgage rates are likely to continue to rise in the coming months, as the economy recovers from the pandemic and the Fed tightens its monetary policy. If you are planning to buy or refinance a home soon, you may want to lock in a low rate while you still can.

Check out American Savings Bank new "THIS IS HOME" affordable mortgage program for first time Home buyers. The mortgage rates are as much as .5% LOWER than the market rate and you may only need 3% as a down payment. But you do need to qualify under the HCDA guidelines for income restrictions. If you are interested, let me know and I can guide you to a loan officer at American Savings Bank.





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