WOW!

U.S. mortgage rates fell more than three-quarters of a percentage point today after the Federal Reserve said it will buy as much as $600 billion of debt.  The average U.S. rate for a 30-year fixed mortgage ended the day at about 5.5 percent after falling to as low as 5.25 percent, according to Bankrate Inc.

Read More »

Another dismal housing report. The Census Bureau reported October new home sales to be as follows:

Read More »

6681 Makena Road sits across the street from Big Beach. This brand new estate includes a 4200 square foot, 4 bedroom main house, a 700 square foot cottage and a storage building all on nearly an acre of land. The gated entry provides for security and privacy and the exceptional materials, eucalyptus floors, granite counters, Sub Zero quality appliances and on and on all create a wonderful Maui experience. Now priced at $4.79 million, this estate represents a fantastic value. Please contact us for a private showing.

JP Morgan has announced that they will modify the terms on $70 billion of mortgages.

Read More »