Weekly American Saving Bank Mortgage Rates Update (7/15/2022)

Mortgage rates are lower from last week as US 10 year Note has been trading below 3%.

The Consumer Price Index jumped 9.1% year over year, above the 8.8% expected and up from 8.6% in May.

The June headline wholesale inflation number or PPI rose 11.3% year over year

June Retail Sales came in better than expected at 1% versus 0.8% and up from -0.1% in May.

There is now an 86% probability of a full 1-point rate hike at the end of this month’s Fed meeting after CPI and PPI result.

We have special pricings for developer units only for A’alii & Koula Ward Village

Must record by September 30, 2022

–A’alii –   

Owner Occupied buyers with at least 20% down payment( or10% down payment with ASB HELOC)  / Fico 740 above

2nd Home / Require 20% down payment /  Fico 740 above

3.50%  / 1.75 points

3.625%/ 1.25 points

3.75 %/  0.75 points

Investment / Require 25% down payment / Fico 740 above

3.75%  / 1.50 points

3.875%/ 1.00 points

4.00 %/  0.50 points

–KOULA Ward Village–  

Owner Occupied buyers with at least 20% down payment (or 10% with ASB HELOC) / Fico 740 above

2nd Home / Require 20% down payment /  Fico 740 above

4.75 % / 1.75 Points

4.875%/ 1.50 Points

5.00%  / 1.00 Points

Investment/ Require 25% down payment / Fico 740 above

5.00%  / 1.75 Points

5.125%/ 1.50 Points

5.25% /  1.00 Points

Our Jumbo loan, we can go loan amount up to $2.75 M now.

Jumbo loan, we can do for 10 % down with MI or with 2^nd mortgage as well

Following rates are for purchase, please contact me for re-financing rate.

Check out our mortgage rates today! https://www.asbhawaii.com/personal/mortgage-rates

(Rate will be updated around noon every day)