Wednesday Morning Coffee on Maui - 02/08/12

Aloha & Good Morning!

The current Maui temperature today will be a high of 76 degrees with a mix of sun and clouds.   
I've done some searching on the most recent properties to hit the market during the second-half of January and I want to show you what you've been missing!  Check out all these great deals and let me know if you'd like more information or a personal video walk through of any property.  Click on the links below for more listing info.

Haiku Best Buy (CLICK HERE) - Located within walking distance to shops, restaurants and more, this remodeled 3bd/1ba home has mature landscaping with large trees, fruit, flowers and vegetable garden.

South Kihei (CLICK HERE) - check out these 9 SWEET DEALS!  There is something here for every price range!  Some condos can be set up as your own vacation rental and allows you to make money on your investment right away!    

North Kihei (CLICK HERE) - with a range of condos and houses there is sure to be something that appeals to everyone when it comes to property in North Kihei! Check out these 7 Fabulous Buys! Ask about which North Kihei condos allow short-term rentals and you can own a great investment property in 2012!   

I've also been watching mortgage rate news.  Luckily we are still experiencing low rates despite the many different factors that could be changing rates.  Check out this article for more information. 

ARTICLE: Mortgage Rates Continue Low Despite Upbeat Economic Data    

Here are the latest Mortgage Rates that are listed on MortgageNewsDaily.com.

We also have loan officer Craig Haueisen from Prospect Mortgage who is available to answer any questions and give additional information.  As you’ve noticed he is a regular contributor to this newsletter and you can read his latest Economic Update located below.  Please feel free to email him or call him for any of your Mortgage needs.  Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.com

Don't forget to get your name in for this year's exciting i-Pad giveaway!  Check out the details HERE!

Looking for more great articles, videos and advice?  Check out the Real Estate Sales Maui Team on FACEBOOK, TWITTER and BLOGGER.
Looking for the current Bank Owned Foreclosures on Maui?  Click HERE. 

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Lender Corner by Craig Haueisen                                                                                         

Last Week In The News

The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — fell 1.3% in November after an identical 1.3% decrease in October. On a year-over-year basis, prices fell 3.7% compared with November 2010.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 27 fell 2.9%. Refinancing applications decreased 3.6%. Purchase volume fell 1.7%.
The Institute for Supply Management reported that the monthly composite index of manufacturing activity rose to 54.1 in January after a reading of 53.1 in December. A reading above 50 signals expansion. It was the 30th straight month of expansion.
Total construction spending rose 1.5% to $816.4 billion in December from $804 billion in November. Economists had anticipated an increase of 0.5% in December. Compared to a year ago, construction spending rose 4.3%.
Factory orders rose 1.1% in December to a seasonally adjusted $466.2 billion, following an upwardly revised 2.2% increase in November. Excluding the volatile transportation sector, orders rose 0.6% in December.
The Institute for Supply Management reported that the monthly composite index of non-manufacturing activity rose to 56.8 in January from 53 in December. A reading above 50 signals expansion. It was the 26th straight month of expansion in the services sector.
Initial claims for unemployment benefits fell by 12,000 to 367,000 for the week ending January 28. Continuing claims for the week ending January 21 fell by 130,000 to 3.437 million. The monthly unemployment rate fell to 8.3% in January, the lowest level since February 2009.
Upcoming on the economic calendar are reports on wholesale trade on February 9 and international trade on February 10.

Craig Haueisen is a Loan Officer with Prospect Mortgage.  Please feel free to email him or call him for any of your Mortgage needs.

Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.com
Click here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen