Mortgage Bankers Association November 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association November Rate Forecast

Mortgage Bankers Association November 2016 Rate Forecast

The November 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing a slight upward push in the average mortgage rates for first quarter of 2017 otherwise the rates remain unchanged from past month’s forecast. The resulting effect to the annual average rates is a corresponding upward push by a mere tenth of a point for 2016. Otherwise, looking more long term at the annual average rate, the rates remain unchanged until we reach 2019 which takes a slight downward tick also by one tenth of a point.

Overall this forecast supports that the 30-year fixed rate mortgages shall meandering upwards at a slow rate while the out year rate forecast is more aggressive. Given the small rate of increase in the average mortgage rates, the rates will remain at historically low levels for the near term which is expected to have a minimal impact on the real estate market particularly with the nation wide housing shortage that we are experiencing. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

As such, if you are looking to sell, you can benefit from stable prices and strong demand:

Check out how much your home is worth based on local home values in your neighborhood. Simply enter your address and see what is available in your neighborhood.

And if you are buying, you can benefit from historically low mortgage rates:

See available Just Listed Honolulu, Hawaii homes that are for sale right now.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Oahu Real Estate for Sale – Waikiki Turnkey Investment Studio

2450 Prince Edward St #303a Honolulu, HI
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COMES FULLY FURNISHED!! SEE NEW and UPDATED PHOTOS. GREAT affordable investment property!! Nicely upgraded and furnished. The more desirable unit with 2 lanais (balconies), one off the main living area, and the other lanai is off the kitchen area. Kuhio Village II is just approximately 2 short blocks to the gorgeous Waikiki beach, close to the zoo, aquarium, restaurants and all that Waikiki offers. Building has rental office, resident manager office, ShakaTours, 24hr store, cellular store, community laundromat, and security from 7 p.m. to 5 a.m. nightly.
MLS# 201600914
$91,000
Studio Bed, 1 Bath
2450 Prince Edward St #303a
Honolulu HI, 96815
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-735-2221
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor


Charming Waikiki 1/1 Apartment – 2 Blocks from Beach! – Video Tour

417 Nohonani St #312 Honolulu, HI
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Classic Hawaiian charm in the heart of Waikiki with elevator! One bedroom condo with renovated bathroom and kitchen. One block from International Marketplace, Duke’s Lane, Luxury Row, shops, restaurants, public transportation, and 2 blocks from Waikiki Beach. Long term rentals okay with ability to do future short term rentals. Listing agent is Sue Connelly of EXIT Real Estate Associates, 808-754-5495.
MLS# 201623718
$125,000
1 Bed, 1 Bath
417 Nohonani St #312
Honolulu HI, 96815
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-735-2221
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor

Oahu Real Estate For Sale – Newtown Estates 48-Acre Parcel Video Tour

98 Kilinoe Street Aiea, HI
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Royal Summit -Part of Newtown Estates Development, A1 & P1 Zoning- Huge Parcel 82 ACRES with some infrastructure ready, & septic installed, street frontage, 2.66 acres residential-View of pearl Harbor, Includes 5700 sq. ft. home permit -foundation started. Remaining 79 acres have lots of potential, Big Beautiful Stream runs through property, Many Fruit Trees – Mango, Banana, Lychee, Tangerine, Coffee , Taro, etc. Tropical wildlife flourishes in this lush setting. Only a few minutes drive to schools, businesses & shopping in Aiea & Pearl City
MLS# 201334808
$32,000,000
Bed, Bath
98 Kilinoe Street
Aiea HI, 96701
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-223-0429
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor


Windward Oahu 1-bedroom 1-bath 1-parking Fee Simple Apartment

46-255 Kahuhipa St Kaneohe, HI
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Investment opportunity….tenant occupied until June 2017 with GREAT TENANTS. Nicely renovated unit with cool trade wind breezes. Building is secure with FOB access and residents enjoy playground, tennis courts & guest parking! MF includes Electric, Water, Sewer & Basic Cable. Great location close to Windward Mall, Windward Community College, H-3 & Likelike Hwy; 20-30 mins to military bases, Honolulu Airport, Downtown & Waikiki. Ideal for someone doing a 1031 Exchange or adding to their investment portfolio! Photos are from the move-in inspection completed June 2016.
MLS# 201625281
$309,000
Studio Bed, 1 Bath
46-255 Kahuhipa St
Kaneohe HI, 96744
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-735-2221
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor

Palms at Waikiki Vacation Rental Cash Flow – PRICE REDUCED!

1850 Ala Moana Blvd Honolulu, HI
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Located in the Palms of Waikiki, this studio unit features double beds and can accommodate 2 to 4 guests comfortably and includes desk space, 3 piece table set, mounted flat screen television, mini kitchenette, renovated bathroom and a lanai with city views. Recent renovations include new water-proof laminate flooring. The Palms of Waikiki offers fabulous amenities such as outdoor pool, exercise room, onsite security, restaurants, and concierge services. The Palms of Waikiki offers hotel pool services however this unit is earning substantial monthly income with a private management company. The list price for this turnkey investment was recently reduced to $197,000 fee simple. Call today to arrange your private showing and to review rental income details.
MLS# 201605712
$197,000
0 Bed, 1 Bath
1850 Ala Moana Blvd
Honolulu HI, 96815
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-735-2221
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor

33-unit Commercial Investment Honolulu

436 Ena Rd Honolulu, HI
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X5- Resort Commercial Precinct – 33 Studio, 8 Story Building know as “Ena Motai” located in Waikiki Special District. 33 individual Studios, 33 bath rooms, individual a/c units and individual electric meters. 2nd Floor vacant available for restaurant or business. Existing 10 story, 20 stall vertical parking garage in rear of property remains non-operational. Close to Hilton Hawaiian Village & Ala Moana Mall, Bus Lines & Jobs. Sq Footage may not match tax record. Listing agent is Paul Dullea (B).
MLS# 201606916
$7,995,000
33 Bed, 33 Bath
436 Ena Rd
Honolulu HI, 96815
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-735-2221
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor

Mortgage Bankers Association October 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association October Rate Forecast

Mortgage Bankers Association October 2016 Rate Forecast

The October 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage dropped the quarterly averages from 2015 and now includes a 2018 quarterly average forecast but also includes a 2019 annual average forecast giving us greater insight into the future for mortgage rates.  Otherwise, we are seeing no changes to any of the quarterly averages for the remainder of 2017. The quarterly averages for 2018 are consistent with the previous Mortgage Bankers Association report in that the annual average is unchanged at 4.6 percent. In past postings, we commented on the  aggressive upward average rate trend with both the quarterly average rate and the annual average rate which persists with the October 2016 report as well. Of note, the 2019 annual average rate further exasperates this aggressive upward trend depicting the average annual rate reaching upwards of 5.4 percent.

Overall this forecast supports that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast is more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

1850 Ala Moana Boulevard Honolulu HI 96815

 

1850 Ala Moana Boulevard Honolulu HI 96815 | $199,000


Property Description

Fantastic Investment with strong rental income history and close to the beach, Hilton Hawaiian Village, Ala Moana Mall & many eateries. Double beds accommodate 2-4 plus desk, 3 piece table set, mounted flat screen television, mini kitchenette, renovated bathroom, cool side of bldg, and lanai with city views. NEW Water-proof Laminate Flooring too! Fabulous amenities: pool, exercise room, security, restaurants, and concierge too. Walking distance to the BEST parts of Waikiki Beach, Shopping, Dining and endless activities vacationers want. Hotel Pool on site however unit is not currently in the hotel pool.

Property Details
Beds: Studio
Baths: 1.0 full
Price: $199,000 LH
Type: Condo-Townhome
SQ Feet: 319
Status: Active
Listing Agent
Theresa Harden Email: TH@808Exit.com Phone: (808) 223-0429 Website: exitrealty.com Company: EXIT REAL ESTATE ASSOCIATES Office: (808) 735-2221

October 2016 Hawaii Featured Oahu Real Estate For Sale

October 2016 Hawaii Featured Oahu Homes For Sale

Aloha! Our advertisement for the October 2016 Estates & Homes publication featuring Oahu real estate listings from EXIT Realty in Hawaii. EXIT Real Estate Associates is proud to have partnered with Homes & Land to market properties for sale.

With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, and real estate offices; and reaches over 190 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, Europe, Japan, India, Canada and Latin America.

You can find our advertisements on the back cover in the current issue. Contact your Realtor if you have any questions about any of the properties appearing in any issue of the Estates & Homes publication.

Mortgage Bankers Association September 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association September Rate Forecast

Mortgage Bankers Association September 2016 Rate Forecast

Not much to say about the September 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage as it mirrors the August forecast.  In August, the forecast was favorable for anyone in the real estate market as the forecast showed a rate drop from the July rate forecast. With the forecast for September, the forecast has gone flat. Discerning any trend from the September forecast would be premature as it is too early to tell if September is representative of a bottom in terms of mortgage rates. But the forecast does suggest that the average rate is going to increase with the last quarter of what is an election year.  The aggressive upward average rate trend also remains in the September forecast in both the quarterly average rate and the annual average rate. We can speculate that for the time being the easing that occurred will continue to provide stimulus for the immediate near term.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association August 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association August Rate Forecast

Mortgage Bankers Association August 2016 Rate Forecast

The August 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage continues to provide great news for anyone in the real estate market as the forecast continues to drop from last month’s forecast. With the end of Q3 for 2016 approaching, the 30-year fixed rate mortgage average fell another one-tenth of a point from last month’s forecast. Even the approaching quarter average dropped. Overall, the forecast has pushed the 2016 calendar average rate three-tenths of a point below that of last year’s average. But now the forecast also shows an even more aggressive upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will continue to provide stimulus as we approach the end of the summer market.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

August 2016 Hawaii Featured Oahu Homes For Sale

August 2016 Hawaii Featured Oahu Homes For Sale

Aloha! Our advertisement for the August 2016 Estates & Homes publication featuring Oahu listings from EXIT Realty in Hawaii. EXIT Real Estate Associates is proud to have partnered with Homes & Land to market properties for sale.

With Homes & Land our listings get exposure with more than 2,700 targeted publications mailed to Oahu homes; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, and real estate offices; and reaches over 190 MILLION unique visitors worldwide through Internet marketing campaigns that target Asia, Europe, Japan, India, Canada and Latin America.

You can find our advertisements on the back cover in the current issue. Contact your Realtor if you have any questions about any of the properties appearing in any issue of the Estates & Homes publication.

Mortgage Bankers Association July 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association July Rate Forecast

Mortgage Bankers Association July 2016 Rate Forecast

The July 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is now great news for anyone in the real estate market as the forecast has begun a downward trend with last month’s forecast and this month’s forecast. With the start of Q3 for 2016, we see that the 30-year fixed rate mortgage average fell another one-tenth of a point from last month’s forecast. Even the approaching quarter average dropped. Overall, the forecast has pushed the 2016 calendar average rate below that of last year’s average. But the forecast also shows an aggressive upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will continue to stimulate a favorable summer market for anyone looking to purchase or sell mortgage backed real estate.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Independence Day Greetings

 

On this Independence day let us all be thankful for all those who sacrificed in the name of freedom. Join the Aloha State in celebrating freedom with dazzling firework shows. 8:30 pm Ala Moana Beach Park South Shore Oahu. 8:00 pm Turtle Bay Resort North Shore Oahu. 8:00 pm Kailua Beach Park Windward Oahu.

While you’re enjoying the 4th of July weekend with family and friends, please take a
moment to remember our brave men and women serving overseas who are unable to
spend Independence Day with their family and friends!

Please celebrate safely and have a very patriotic holiday.

Thank you from our entire team at EXIT Real Estate Associates!

Mortgage Bankers Association June 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association June Rate Forecast

Mortgage Bankers Association June 2016 Rate ForecastThe June 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is good news for anyone in the real estate market as the forecast was revised slightly downward from the previous month’s forecast. As we approach the end of Q2 for 2016, the 30-year fixed rate mortgage fell two-tenths of a point from last month’s forecast. Looking ahead at the remaining quarters of 2016, the forecast also eased for the final quarter or Q4 for the calendar year. The result of the easing is that the 2016 annual rate average rate forecast is also down from previous forecasts and is now forecasted to close out 2016 below the 2015 annual average rate by one-tenth of a point. Now do not get too excited as the forecast still shows a steady upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will help to keep a favorable summer market for anyone looking to purchase or sell mortgage backed real estate.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is persisting. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Oahu May 2016 Housing Inventory Snapshot

Happy Father’s Day to all Dads! I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  May 28, 2016
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $687,122 $690,000 61 470
Single Family over $1M $3,008,549 $1,950,000 111 500
Condo/Townhome under $500K $281,015 $280,000 82 749
Condo/Townhome over $500K $1,383,670 $895,000 96 668
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Mortgage Bankers Association May 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association May Rate Forecast

MBA Mortgage Finance Forecast for May 2016

As we approach the middle of Q2 for 2016, the 30-year fixed rate mortgage remains on a steady and methodical upwards trend as previously forecasted. Mortgage Bankers Association is staying consistent and that upward trend is forecasted to continue through the remainder of Q2 and the remainder of 2016. The quarterly rate is on par with the forecasted 2015 annual rate, and in order to close out the 2016 annual forecasted rate in line with the 2015 annual average rate, the average annual rate must increase slightly to compensate for the lower average rates from Q1.  At present the quarterly average rate for the current quarter is forecasted to remain below the final quarter of 2015 but we can anticipate that the summer market will push rates higher validating the forecast.

We do not have much new to say at this point other than to repeat what we have been observing. Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Oahu April 2016 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  April 27, 2016
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $695,117 $699,000 62 468
Single Family over $1M $3,087,067 $1,988,888 108 498
Condo/Townhome under $500K $286,223 $280,000 83 747
Condo/Townhome over $500K $1,355,555 $880,000 98 657
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Oahu March 2016 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  March 31, 2016
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $684,468 $680,000 62 468
Single Family over $1M $3,209,197 $1,999,777 115 468
Condo/Townhome under $500K $283,734 $275,000 80 771
Condo/Townhome over $500K $1,354,416 $895,000 98 642
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.