Aloha & Good Morning!
Today Maui will be sunny with a high of 88
degrees.
The hot topic in the news today is
mortgages. The buzz on this is making
its rounds and you can find articles on this on nearly every news website. Yesterday I read an article by Matthew Graham
at Mortgagenewsdaily.com who made a dramatic but appropriate point when he said
"These are the times that try the souls of anyone who began the mortgage
process more than a week ago today." He says this because there has a been
an ongoing rise in mortgage rates. Another factor that is making this a hot
topic is that the ADP May jobs report came out this morning and number of new
job creation was lower than expected. I
expect this to be a very hot topic as the summer rolls on and we watch this
market closely.
Current
Mortgage Rates
source: mortgagenewsdaily.com
Mortgage Articles
- Click on the link to read the full articles
Mortgage
Rates Hit New 14 Month Highs. More Volatility Ahead - This is the
article by Matthew Graham that I referred to above. 30-Year Fixed Mortgage Rates Continue to Surge - According to Zillow Mortgage Rate Ticker
ADP: Private sector job growth still weak - May job creation missed economists' expectations
Maui Hot Buys!
Kihei Akahi Condo - This is a
1bd/1ba unit in a great complex located across the street from Kamaole Beach
Park II. The unit is easy to show on a
short notice and being sold fully furnished. Kihei Akahi has two in-ground
swimming pools, a BBQ area and tennis courts. 
Single Family Kihei Home - Located in Piilani Village this 3bd/2ba single-family home is easy to show. The home has a two car attached garage and is close to shopping, restaurants and the beach.
Lower-Price Point in Wailea - Panoramic ocean views, a great location and a beautifully remodeled interior make this exceptional studio condominium your perfect getaway in Wailea's most popular beach front complex. This lovely and spacious studio condominium features an ocean view lanai for relaxing and enjoying the spectacular views of the blue Pacific, the island of Lanai, the West Maui Mountains and Maui's incredible sunsets. The kitchen has been beautifully remodeled with custom cabinetry and granite counters and the remodeled bathroom features a walk-in shower. The main living area features a high vaulted ceiling and a built-in Murphy bed. Wailea Ekahi Village features gorgeous tropical landscaping, a beach front pool pavilion, four swimming pools and direct access to Keawakapu Beach. Golf and tennis memberships are available.
Real Estate
Sales Maui Mobile App
Myself and my team here at Real Estate Sales Maui are so excited about our
new app for mobile devices! It is
currently available on Android
mobile devices and will soon be available for Apple mobile devices. The app
allows you to search for properties on Maui and neighboring islands. You will be able to quickly review property
pricing, location and detailed listing information. In the RESM app you can scroll through photos
of homes, condos, time-shares, businesses and vacant land for sale and you can
use an interactive map to find your property.
You can also save your favorite properties and have one touch access to
recent property searches you've made. Check out all that this app has to offer
and download it today for FREE!!!
Don't forget to get your name in for this
year's exciting i-Pad giveaway!
Looking for more great articles, videos and advice? Check out the Real
Estate Sales Maui Team on FACEBOOK,
TWITTER, BLOGGER and PINTEREST Looking for the current Bank Owned Foreclosures on Maui? Click HERE.
Last
Week In The News
The Standard & Poor's/Case-Shiller 20-city housing price index — on a
non-seasonally adjusted basis — rose 1.1% in March after a 1.3% increase in
February. On a year-over-year basis, when compared with March 2012, prices rose
10.9%, the first double-digit annual gain since May 2006.The consumer confidence index reached a five-year high at 76.2 in May from a revised 69 in April. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
Pending home sales, a forward-looking indicator based on signed contracts, rose 0.3% in April after a 1.5% increase in March. On a year-over-year basis, pending home sales were 10.3% higher than April 2012.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending May 24 fell 8.8%. Purchase volume fell 3%. Refinancing applications decreased 12%.
The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at a revised annual rate of 2.4% in the first quarter of 2013, compared to the initial estimate of a 2.5% increase.
Retail sales fell 0.9% for the week ending May 25, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.8%.
Initial claims for unemployment benefits for the week ending May 25 rose by 10,000 to 354,000. Continuing claims for the week ending May 18 rose by 63,000 to 2.986 million. The less volatile four-week average of claims for unemployment benefits was 347,250.
Upcoming on the economic calendar are reports on construction spending on June 3 and factory orders on June 5.
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.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
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