Financing

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 […]
Financing

American Savings Bank Weekly Mortgage Rates Update August 19, 2022 / SPECIAL RATES for developer units only for A’alii & Koula & Koa Ridge

Mortgage rate went up from last week as US 10 year note went up to 2.98% from 2.84 last week. July Housing Starts were -9.6 % down from June to an annual rate of 1.446M units versus 1.540M expected. It was the lowest read since February 2021. Permits were -1.3% from June to 1.674M units […]
Financing

American Saving Bank Mortgage Rates Update 7/8/22

US 10 year Note went back to 3.09% on Friday, but our Jumbo Rate is lower than last week! Sign of Recession? -1.6% GDP in Q1 2022 and the forecast from the GDP now is looking at -2.1% in Q2. June Unemployment Rate remained at 3.6%. Average hourly earnings were up 0.3% monthly. Annual earnings […]
Financing

American Saving Bank Mortgage Rates Update 7/1/22

Hope you had a wonderful 4th 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 […]

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 […]

Financing American Savings Bank Weekly Mortgage Rates Update August 19, 2022 / SPECIAL RATES for developer units only for A’alii & Koula & Koa Ridge Mortgage rate went up from last week as US 10 year note went up to 2.98% from 2.84 last week. July Housing Starts were -9.6 % down from June to an annual rate of 1.446M units versus 1.540M expected. It was the lowest read since February 2021. Permits were -1.3% from June to 1.674M units […]

Financing American Saving Bank Mortgage Rates Update 7/8/22 US 10 year Note went back to 3.09% on Friday, but our Jumbo Rate is lower than last week! Sign of Recession? -1.6% GDP in Q1 2022 and the forecast from the GDP now is looking at -2.1% in Q2. June Unemployment Rate remained at 3.6%. Average hourly earnings were up 0.3% monthly. Annual earnings […]

Financing American Saving Bank Mortgage Rates Update 7/1/22 Hope you had a wonderful 4th 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 […]

Financing American Saving Bank Mortgage Rates Update 6/24/22 30 year Fixed Conventional mortgage rate went down to 4.875% from 5.25%(June 17th Friday) as 10 year yield went down to 3.13%. Existing Home Sales fell 3.4% in May from April to an annual rate of 5.41M units. Compared with May 2021, home sales were down 8.6%. Unemployment benefits fell by 2,000 last week to […]

Financing American Saving Bank Mortgage Rates Update 6/10/22 Monday morning –Currently The US 10 year Treasury is at 3.495% highest since April 2011 as US stocks enter a bear market as S&P 500 closes at lowest in 2022. Below rates are based on Friday June 10th, please check out our today’s mortgage rates at https://www.asbhawaii.com/personal/mortgage-rates (Rate will be updated around noon every day) […]

Financing American Saving Bank Mortgage Rates Update 6/3/22 Mortgage rates are tad higher than last week as 10 year note went up 2.96% The Unemployment Rate was unchanged at 3.6% Weekly Initial Jobless Claims are at lows seen since 1970. Tech corporate earnings are showing the slowdown in labor coming. Tech companies in May laid-off employees at the highest rate in two years. […]

Financing American Saving Bank Mortgage Rates Update 5/27/22 Happy Memorial Day! As the US 10-year yield has fallen to 2.74% (Beginning of April level) on Friday, 30 year fixed conventional loan rate came down to 4.375%. Portfolio 7 year ARM is at 3.375%. Q2 2022 GDP came in at -1.5% versus -1.3% expected Consumer spending was strong in April, rising 0.7% on an […]

Financing American Saving Bank Mortgage Rates Update 5/20/22 As the US 10-year yield has fallen to 2.78% (April 27th level) on Friday, 30 year fixed conventional loan rate came down to 4.50%. Portfolio 7 year ARM is at 3.50%. Weekly Initial Jobless Claims rose to 218K from 197K First Quarter 2022 GDP was a negative 1.4%. April Housing Starts fell 0.2% from March […]

Financing American Saving Bank Mortgage Rates Update 5/13/22 Conventional 30 year fixed rate dropped to 4.625% from 4.875% last Friday as US 10 year note closed at 2.93% on Friday. The consumer inflation reading CPI for April rose 0.3% month over month Year over year, CPI rose 8.3% versus 8.1% expected and down from 8.5% in March. Food prices are up nearly 10% […]

Financing American Saving Bank Mortgage Rates Update 5/6/22 Hope you had a wonderful Mother’s day weekend! Mortgage rate has gone up to 4.875% as Fed Raise the interest rate by 0.50 bp on Wednesday, and 10 year note closed at 3.12% (same level as November 14th, 2018) on Friday. 428K new jobs created in April. The Unemployment Rate remained at 3.6% ＦＲＢは３─４日に開いたＦＯＭＣで、フェデラルファンド金利の誘導目標の０．５０％ポイント引き上げを決定した事から、米国１０年債は、３．１２％まで上昇(2018年１１月１４日と同じレベル)。 […]

Financing American Saving Bank Mortgage Rates Update 4/29/22 Mortgage rates are unchanged from last week. 10 year Note closed at 2.89% on Friday. GDP fell 1.4% and down from the 6.9% in Q4 2021. The quarterly PCE inflation data rose to 7% from 6.4%. Markets will focus on the FED meeting next week – May 3rd & 4th. A 50bp interest rate hike […]

Financing American Saving Bank Mortgage Rates Update 4/22/22 Conventional 30 year fixed rate went up by 0.25% from last Friday – 4.75% as 10 year US Note went up to above 2.90% (first time since November 2018), and time before that was October 2011!!! (Housing price was much lower than today) March Existing Home Sales fell 2.7% from February to an annual rate […]

Financing American Saving Bank Mortgage Rates Update 4/8/22 Mortgage rate went up to 3.75% as Feed Funds Rate by 0.25% for the first hike since December 2018 on Wednesday. Mortgage rates kept going higher this week as 10 year note closed at 2.72% first time since March 5, 2019. Conventional loan is at 4.375% , but we are still offering great Jumbo rate […]

Financing American Saving Bank Mortgage Rates Update 3/23/22 Mortgage rate went up to 3.75% as Feed Funds Rate by 0.25% for the first hike since December 2018 on Wednesday. The 10-year hitting 2.25% on Wednesday, the highest since May 2019. February Housing Starts were up 6.8% from January. February Retail Sales rose 0.3% down from 4.9% in January 米連邦準備理事会が２０１８年１２月以来３年３カ月ぶりの０．２５％の利上げを決定した事から、住宅金利は、３．７５％まで上昇米国１０年債は、２０１９年５月以来最高の2.25%まで上昇２月の住宅着工数は、１月から6.8％増加２月の小売売上高は、１月の4.9%から0.3%減少 […]