Financing

Financing

American Savings Bank Weekly Mortgage Rates Update Aug 4

Mortgage rate went up on Wednesday as Fitch Rating downgrading U.S. long-term rating to AA+ from AAA citing the expected fiscal deterioration over the next three years along with the high and growing general government debt burden. US 10 year Note went up to 4.20% on Thursday – highest since October 24th 2022. The […]
Financing

American Savings Bank Weekly Mortgage Rates Update July 28,

As expected, the short-term rate rose by 25bp to bring the FFR to 5.50% on Wednesday. US 10 year note jumped to 4.04% on Thursday, and closed to 3.96% on Friday. Q2 2023 headline GDP rose 2.4% versus 1.8% expected July Consumer Sentiment rose to 71.6 from 64.4 in June the Core PCE(Personal Consumption […]
Financing

American Savings Bank Weekly Mortgage Rates Update June 23

May Housing Starts jumped 22% from April. An annual rate of 1.631M units vs 1.400M expected. Building Permits were up 5.2% to 1.491M vs 1.425M estimated. US 10 year Note closed at 3.74% Now available 1% off of their points!! To Non -Profit Professionals in the Education and Health Care Industries & Utility Company […]
Financing

American Savings Bank Weekly Mortgage Rates Update June 9

The two-day Fed meeting beginning Tuesday and Wednesday. Fed Fund Futures showing a 72.5% probability of no hike. Year over year home prices fell for the first time in 12 years, down 1.1% in March from the 0.4% gain in February Sales of new single‐family houses in April 2023 were at an annual rate of […]

Financing American Savings Bank Weekly Mortgage Rates Update Aug 4 Mortgage rate went up on Wednesday as Fitch Rating downgrading U.S. long-term rating to AA+ from AAA citing the expected fiscal deterioration over the next three years along with the high and growing general government debt burden. US 10 year Note went up to 4.20% on Thursday – highest since October 24th 2022. The […]

Financing American Savings Bank Weekly Mortgage Rates Update July 28, As expected, the short-term rate rose by 25bp to bring the FFR to 5.50% on Wednesday. US 10 year note jumped to 4.04% on Thursday, and closed to 3.96% on Friday. Q2 2023 headline GDP rose 2.4% versus 1.8% expected July Consumer Sentiment rose to 71.6 from 64.4 in June the Core PCE(Personal Consumption […]

Financing American Savings Bank Weekly Mortgage Rates Update June 23 May Housing Starts jumped 22% from April. An annual rate of 1.631M units vs 1.400M expected. Building Permits were up 5.2% to 1.491M vs 1.425M estimated. US 10 year Note closed at 3.74% Now available 1% off of their points!! To Non -Profit Professionals in the Education and Health Care Industries & Utility Company […]

Financing American Savings Bank Weekly Mortgage Rates Update June 9 The two-day Fed meeting beginning Tuesday and Wednesday. Fed Fund Futures showing a 72.5% probability of no hike. Year over year home prices fell for the first time in 12 years, down 1.1% in March from the 0.4% gain in February Sales of new single‐family houses in April 2023 were at an annual rate of […]

Financing American Savings Bank Weekly Mortgage Rates Update Jun. 2 Mortgage rate went down after the Senate passed the debt bill. US 10-year Note went down to 3.61% on Thursday compared to 3.80% last week. Closed at 3.69% on Friday. The unemployment rate ticked up to 3.7% as the number of unemployed persons rose by 440,000 to 6.1 million while the number of job losers […]

Financing American Savings Bank Weekly Mortgage Rates Update May. 26 Happy Memorial Day! The House Speaker Kevin McCarthy said that The White House and Republicans have agreed in principle on a deal to raise the debt ceiling on Sunday. Mortgage had gone up as US 10-year note went up to 3.83% on Friday. (Highest since Mar 9, 2023) The April Core PCE(Personal Consumption Expenditures Price Index) rose […]

Financing American Savings Bank Weekly Mortgage Rates Update May. 19 Mortgage rate has risen as US 10-year Note went up to 3.70%(highest since March 10, 2023) due to the debt ceiling uncertainty and fears of a possible rate hike in next month. There is a 40% chance of a hike next month. April Housing Starts rose 2.2% from March to an annual rate of 1.401M […]

Financing American Savings Bank Weekly Mortgage Rates Update Mar. 10th. US 2-year Treasury note fell sharply (46 basis points over a two – day period) on Friday as the shutdown of Sillicon Valley Bank. We have not seen the sudden decline since September 2008. 10 Year Treasury Rate on Friday dropped to 3.70%, compared to 3.93% on Thursday. Weekly Initial Jobless Claims rose 21K to […]

Financing American Savings Bank Weekly Mortgage Rates Update Jan. 6th, 2023 ***Happy New Year ! Special Promotion Alert!! *** 1% off of their points!! for Educational Professionals, Fire & EMT, Medical Professionals, Federal, State& Local Government Law Enforcement Professionals, Active or Former Military !! 教育、消防、医療、連邦、州および地方政府の機関、軍隊（現役又は、引退に関わるお仕事をされていらっしゃる方に限り１ポイント還元 Mortgage rate went down as the US 10 year yield has fallen to 3.55% on Friday from […]

Financing American Savings Bank Weekly Mortgage Rates Update December 30, 2022 Wishing you and your family health, happiness, success, and prosperity. Hope this new year brings you everything for which you prayed. The National Home Price NSA Index reported a 9.2% annual gain in October, down from 10.7% in the previous month. U.S. home price gains averaged 4.57% from 1992 until 2022. 2022 Market: The […]

Financing American Savings Bank Weekly Mortgage Rates Update December 16th 2022 Check out Our 5,7,10 year ARM Rate – Starting from 4.625% Fed raised rates by .50% on Wednesday and forecasted slower growth in 2023. The November Consumer Price Index (CPI) rose 0.1% versus the 0.3% expected and down from 0.4% in October, year over year prices were up 7.1% versus 7.3% and down from 7.7%. […]

Financing American Savings Bank Weekly Mortgage Rates Update December 9th 2022 Check out Our 5,7,10 year ARM Rate – Starting from 4.625% Core, annual and month-over-month Producer Price Index numbers came in higher than expected. PPI is well below the 11.7% peak seen in March 2022. Fed Meeting on Tuesday & Wednesday 13th and 14th. It is expected that the short-term Fed Funds Rate will increase […]

Financing American Savings Bank Weekly Mortgage Rates Update November 18th, 2022 Have a wonderful Thanksgiving week！ Check out Our Jumbo Rate – Starting from 5.375% 5,7,10 year ARM Rate – Starting from 4.875% On Wednesday, US 10 year Note Yield slipped to 3.67% (First since October 4th 2022) U.S. homebuilding fell sharply in October, with single-family projects dropping to the lowest level in nearly 2.5 […]

Financing American Savings Bank Weekly Mortgage Rates Update October 28, 2022 Mortgage rates came down this week as the 10-yr Note closed at 4.02% after touching 4.25% on Monday. Q3 2022 GDP rose 2.6% from -0.6% in Q2 but the inflation reading Price Index fell to 4.1% from 9.1% Traders are pricing in a more than 80% chance of another 75 basis point hike on November […]

Financing American Savings Bank Weekly Mortgage Rates Update October 21, 2022 Mortgage rate kept going up as US 10 Year Yield traded up to 4.20% on Thursday, and closed at 4.21% on Friday. Housing Starts fell 8.1% from August to an annual rate of 1.439M units versus the 1.475M expected. Building Permits, a sign of future construction, rose 1.4% to 1.564M versus 1.530M expected Earlier Friday, […]

Financing American Savings Bank Weekly Mortgage Rates Update October 14, 2022 The mortgage rate has been climbing as the 10-year yield hit 4.08% on Thursday and closed at 4.00% on Friday ( Highest closing level since October 2008.) The September CPI(consumer-price index ) data saw the annual Core number rise to 6.6%, the highest since 1982, and Dow down nearly 600 points on Thursday. September Retail Sales […]

Financing Historical conventional 30 year fixed Mortgage rate & Median sale price trends August 2022 in Hawaii 6% – Highest rate Since April 2009 Here are the Median Sale Price Trends for All Counties – August 2022 Oahu: The single family residence (SFR) Median Sale Price increased 7.19% from the month of August 2021. The SFR Median Sale Price increased slightly at 1.58% from July 2022. There were 314 closed SFR […]

Financing American Savings Bank Weekly Mortgage Rates Update October 7, 2022 Hope you had a wonderful Columbus day weekend! The Unemployment Rate fell to 3.5% from 3.7%, total unemployed declined to 6.7% from 7%. US 10 year note yield has been 3.60 – 3.90% range and mortgage rate are unchanged from last week. Our Jumbo loan, we can go loan amount up to $2.75 M now. […]

Financing American Savings Bank Weekly Mortgage Rates Update Sep 2, 2022 / SPECIAL RATES for developer units only for A’alii & Koula & Koa Ridge Hope you had a wonderful Labor day weekend! Mortgage rate went up this week as 10 Year Note Yield went above 3.20% this week (highest since June 28th 2022). The S&P Case-Shiller 20-City Home Price Index for June rose 18.6% annually, down from 20.5% in May. The U.S. National Home Price NSA Index, covering all […]

Financing American Savings Bank Weekly Mortgage Rates Update August 26, 2022 / SPECIAL RATES for developer units only for A’alii & Koula & Koa Ridge 10 year ARM 3.625% with 2.625 points are also available. Mortgage rate went up this week as 10 Year Note Yield went above 3% this week (highest since July 20th 2022). Historically, the 10 Year Note Yield reached 15.84% in 1981 as the Fed raised benchmark rates in an effort to contain inflation. Annual average […]