Wow, just heard on the radio that interest rates for mortgage are at an all-time low! Lowest rate in DECADES! 4.5% or LOWER! Plus, the home prices have dropped to incredible lows and there is plenty of inventory.

You’ve heard the news, Mortgage Rates are at near ALL time lows! Consumers looking to lower their payments, save money and reduce the amount of interest they pay to the bank are finding there are many struggles! The top 3 Struggles when refinancing your mortgage are: 1. Appraisals — With the new appraisal regulation, Lenders [...]

Today the Department of Housing and Urban Development released a “Monthly Housing Scorecard,” detailing each of the ways that the government has manipulated the housing market. By explaining the impact of each initiative, the report shows us what to expect if and when the government tinkering ever ends.

For Wailea home buyers this should be good news! Freddie Mac reports that the average interest for 30-year fixed mortgages was 5 percent this week, down from last week’s 5.06 percent. Meanwhile, 15-year fixed loans averaged 4.36 percent versus 4.39 percent over that same time span. Rates on five-year, adjustable-rate mortgages and on one-year ARMs [...]

Kihei Properties, Wailea too, are selling! We’ve seen some properties in Kihei listed at under $140,000.  Can you believe that?  Owning a condo or home on Maui is more affordable than its been in 5 years. Mortgage applications to purchase homes rose 13 percent last week over the previous week on a seasonally adjusted basis, [...]