Mortgage Rates at Record Low!
Mortgage rates hit a record low this past week at 4.78% for a conventional 30-year mortgage. This is the lowest since records were first being tracked in 1971. Last year at this time, rates averaged 5.97%.
This should do well for the nation's real estate sales, which will do well for Maui real estate sales. Especially the low-end, with the tax credit incentives and low rates, buyers find it hard to pass up this once-in-a-lifetime opportunity!
This is my third real estate cycle in my career, and my experience says that typically we see the turnaround start at the low-end of the price spectrum, and work its way up.
This should do well for the nation's real estate sales, which will do well for Maui real estate sales. Especially the low-end, with the tax credit incentives and low rates, buyers find it hard to pass up this once-in-a-lifetime opportunity!
This is my third real estate cycle in my career, and my experience says that typically we see the turnaround start at the low-end of the price spectrum, and work its way up.
Labels: Hawaii real estate, Makena Real Estate, Maui Meadows, maui real estate, ocean front real estate, property in Maui, vacation property in Maui, wailea real estate
posted by Gary Mooers at
9:15 AM
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