Weekly American Saving Bank Mortgage Rates Update (7/1/2022)

Hope you had a wonderful 4^th of July weekend!

On Friday, 10 year Note yield has declined to 2.88% from 3.50% in mid- June.

30 year conventional rate went down to 4.625% on Friday.

Q1 2022 GDP came in at -1.6% from -1.5%

Right now, Q2 is forecasted at 0.3% (Q2 2022 GDP will be released on July 28)

Home Price Index rose 21.2% annually in April, up 1.8% monthly.

Consumer Confidence fell to 98.7 this month, lowest since February 2021.

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

–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

3.70%  / 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)