What Will the Mortgage Rates Look Like in Hawaii This Year
[ad_1]
Honolulu (KHON2) – Kay Mukaigawa of Engel and Volkers Honolulu is joined with Nelson Oyadomari, Branch Manager from Primary Residential Mortgage to talk 2024 mortgage interest rates.
According to Nelson Oyadomari, based on most economic indicators, and comments by the Federal Reserve, mortgage rates may be in the mid-5’s by this Summer.
“I would certainly welcome being wrong if rates did indeed drop to those levels. But that’s highly unlikely. But don’t make fun of 5.500% – If someone got a $500,000 mortgage last year at 7.500%, if they refinance to 5.500%, their monthly payment would drop by about $650. A substantial savings,” says Nelson Oyadomari, Branch Manager from Primary Residential Mortgage.
Those wanting to learn more about the 2024 mortgage rates are more information on the Hawaii Real Estate market can do so by contacting Engel and Volkers Honolulu.
Engel and Volkers Honolulu:
808-725-2000
[ad_2]
Read More: What Will the Mortgage Rates Look Like in Hawaii This Year