Mortgage Rates Fall Yet Again

By
Education & Training with Coldwell Banker Island Properties

Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow. Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.
Source: Chicago Sun-Times (09/03/10)

Now is a phenomenal time to buy if you are:

  • First-time home buyers with good credit and a small down payment
  • Investors (new or seasoned) looking for rentals may make more sense than flipping right now.
    • It's a buyer's market
    • Financing costs are down
    • Prices are the lowest they've been in years
    • Home Values will come back...wait it out with a quality rental on Maui

On Maui we have turn-key rentals available at phenomenal prices.  In many cases you will more than cover your normal monthly expenses and still reap all the tax benefits and write offs available.

Did you know you can use a self directed IRA to purchase investment property?

For more information and Maui's Best Buys contact me direct at 808-633-1292 or send me an email at JeffGraves@clearWire.net

Aloha,

Jeff

Jeff Graves I Realtor®(S)
(808.633.1292  (Cell)
JeffGraves@ClearWire.net

Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii  96753

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Topic:
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maui real estate
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kihei hawaii
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Rainmaker
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Palm Properties l La Jolla Real Estate

Jeff, simply amazing rates and pretty soon they will pay our clients to get loans!   ~ Susan

September 03, 2010 08:21 PM
Rainer
40,803
Jeff Graves
Real Estate Agent
Coldwell Banker Island Properties

Susan...LOL I'd be ok with my clients getting paid to get loans.  Have a great and safe Labor Day weekend.  Aloha

September 03, 2010 08:26 PM
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Rainer
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Additional Information

Kihei and Wailea Maui real estate for sale. If you are thinking about taking advantage of the lower prices on Maui - be sure to contact me about Kihei and Wailea. I can help guide you in making the same move or purchasing a rental that you can use year after year. Thinking of moving? I relocated to Kihei Maui September 2005, I have first hand experience making the move to Kihei on Maui and can advise you as needed. Aloha. Jeff Graves, Realtor (S) 808-633-1292 Coldwell Banker Island Properties 34 Wailea Gateway Place, A-207 Wailea, Maui, HI 96753