Hawaii Home Mortgage Increases In The Last Few Days of June

Recently most of families that have been on the look out for their new homes were surprised by the sudden increase in the interest rate on the mortgage.    Some of the people were not able to lock in at the lowest rate even though they got pre-approved earlier.  While it is important to get the pre-approval letter from the lender before you are out there searching homes in today’s market, it is also important to know that the pre-approved amount is not set in stone because any interest hike may affect your overall qualification and the amount you will be able to get.

 

Please take a look at this CNN news article to get a sense to what’s happening in the housing market.

http://money.cnn.com/2013/06/28/real_estate/mortgage-rate/index.html?iid=Lead

 

 

To Be Updated Periodically

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