On Friday, March 6th, Honolulu Board of Realtors released the monthly housing market update, stating that single-family home sales increased 18.8% from February 2019.

 

“While COVID-19 presents new concerns and uncertainty in the general economy, the impact on our housing market remains to be seen,” said Tricia Nekota, president of the Honolulu Board of Realtors, in a written statement. “However, we anticipate that homebuyers will continue to drive steady activity as they take advantage of historically low interest rates.”

 

 

“Mortgage rates play a significant role in how much home you can afford, and it's important to watch them carefully as a homebuyer.” Freddie Mac reported.

 

Today, the mortgage rate is low at 3.375%With such low rates, now would be the perfect time to connect with a Real Estate expert to discuss how these rates could benefit you.

 

It’s also important to remember that mortgage rates change often so waiting is not always the best option. According to Freddie Mac,“Over the last 45 years, they have ranged from a high of 18.63% (1981) to a low of 3.31% (2012)”.

 

Contact Team Aloha Tony today so you don’t miss out on these low mortgage rates!