Hawaii Mortgage Rates Have Again Fallen to Historic Lows

Michele_McKinley_WebHeader Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association, and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016.

However, shaky economic news and a volatile stock market have actually caused rates to drop six out of the last seven weeks, and have remained at 3.65% for the past two weeks.

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Rates have again fallen to historic lows, yet many experts still expect them to increase in 2016. The only thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.

Bottom Line

If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage.

Want to Know More?

See how to sell your home fast and stage it well...with a good price and professional photos. If you need any information about selling or about buying a home, please contact me.

Aloha for now! See you next time!

MM

Live the dream...Get your Hawaii Life now.

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