Interest Rates

Interest rates continue to inch up. Here is the latest post from one of the Hawaiian lenders:

Current Mortgage Rates for MAUI COUNTY, HI

Check out our rates. I’ve included below a selection of current rates for a few of our many products. I’d be happy to discuss options with you and your client based on their particular needs.

Conforming

Loan Type

MI Type

Interest Rate

Discount Points

APR

VA 30-year Fixed

2.750%

0.250

2.896%

Conforming 30-year Fixed

3.375%

0.125

3.428%

Conforming 15-year Fixed

2.500%

0.500

2.647%

Conforming 5-year/6-month ARM

2.500%

0.250

2.725%

Conforming 7-year/6-month ARM

2.750%

0.375

2.821%

Jumbo

Loan Type

MI Type

Interest Rate

Discount Points

APR

Jumbo 30-year Fixed

3.000%

0.375

3.056%

Jumbo 15-year Fixed

2.875%

0.250

2.959%

Jumbo 5-year/6-month ARM

2.375%

0.500

2.686%

Jumbo 7-year/6-month ARM

2.500%

0.250

2.682%

Jumbo 10-year/6-month ARM

2.625%

0.375

2.730%

Rates shown are for purchase loans only. This information is accurate as of 10/22/2021 8:04:41 PM (CT) and is subject to change without notice.

UPDATE ON COVID REGULATIONS

These new guidelines will go into effect today, October 16th per Mayor Victorino.

Social Gatherings:

Indoor social gatherings of up to 10 persons are permitted/Outdoor social gatherings of up to 25 persons are permitted (gatherings of members of a single residential or family unit sharing the same address remain unrestricted).

Restaurants, Bars & Gyms:

Unvaccinated patrons allowed indoors must provide proof of a negative COVID-19 test result taken 48 hours of entry into restaurants, bars and gyms.

Individuals who previously tested positive for COVID-19 may be allowed entry into bars, restaurants and gyms by providing: 

A Positive COVID-19 test result dated more than 90 days and no less than 11 days from date or departure date to Hawaii OR a Medical Provider Letter dated at least 10 days after the collection date of positive result and no earlier than 14 days before arrival to Hawaii. Letter must be signed by your medical provider and clearly written to indicate you are currently symptom free, or your symptoms have resolved, or you are cleared to travel

An establishment that is not in compliance with the public health emergency rules may be subject to immediate closure for a 24 hour period effected by MPD and/or Liquor Control Officers.

Restaurants and bars must close no later than midnight.

Limit groups within a bar to a maximum of 10 individuals per group.

Organized Sports:

Spectators allowed at indoor organized sports (groups limited to 10 persons).

Spectators allowed at outdoor organized sports (groups limited to 25 persons).

All participants, coaches, instructors, staff, and spectators must wear face covering at all times.

Canadian Thanksgiving

Wishing our Canadian friends and family a very Happy Thanksgiving today. The first Thanksgiving in Canada was celebrated in 1578. Enjoy each other and the gift of thankfulness.

 

Covid Mandates Update

Coming Soon!

Great News about Covid Mandates!!!!

Mayor Victorino announced that the Covid mandates will be relaxed some soon.  He would not give any hints as to what they will begin to allow.  Look to our blog and either this coming Wednesday or Thursday we should have an update for you.

Transient Accommodation Tax

IF YOU RENT YOUR CONDO OUT, PLEASE SEE BELOW:

Due to Governor Ige taking away Maui’s portion of the Transient Accommodation Tax, “TAT” Maui County had no option but to start charging a Maui TAT of three percent (3%). Please see the following link so you are up-to-date:

https://www.mauicounty.gov/2466/Transient-Accommodations-Tax