Weekly American Saving Bank Mortgage Rates Update (7/22/2022)

**** ASB Special Rate !!! Ends July 31, 2022****

Ex. 4.50% with 1.75 points for purchasing a condo unit as 2^nd home/ 20 % down payment / Fico 780 or above based on July 22^nd’s rate.

US 10 year note has been hovering between 2.77% – 3.09% this month.

Fed meeting on July 26- 27^th meeting.

96% of economists expect the Fed to hike rates by 75 basis points on July 27^th .

The European Central Bank surprised the markets on Thursday by raising its benchmark interest rate by 0.50% for the first time in 11 years!

Weekly Initial Jobless Claims rose 7K to 251K

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

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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.