Weekly American Saving Bank Mortgage Rates Update (7/29/2022)

The 10-year yield has declined sharply and the 2/10 yield curve inversion hit the widest levels in 22 year on Friday after Fed raised the federal funds rate by 0.75 bp on Wednesday.

The 10-year yield is 2.68% with the 2-year still inverted at 2.89%.  (The bond market is saying that inflation has peaked)

The Mortgage rate has been softened as The U.S. 10-year yield has fallen to 2.67% from 3.49% in mid-June

Consumer spending climbed 1.1 percent in June,  a significant uptick from the 0.2 percent recorded in May.

Consumer Sentiment for July came in at 51.5 versus 50 in June, but still the index’s second – lowest level.

The savings rates fell to 5.1%, a level last seen in 2008

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