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Hawaii mortgage rates hold below 6.5%
For a second week, most Hawaii lenders quoted less than 6.5 percent for a 30-year, fixed-rate home mortgage, the Honolulu Board of Realtors reported Friday.
First Hawaiian Bank, Bank of Hawaii, American Savings Bank, Central Pacific HomeLoans, Finance Factors, Territorial Savings and Wells Fargo all quoted 6.375 percent. With a spectrum of point and fee differences, their actual annual percentage rates spread across a range of more than 8/100 of a percent.
Hawaii National Bank quoted a higher rate, 6.5 percent, while Countrywide Home Loans quoted a lower one, 6.25 percent.
For 15-year notes, Territorial quoted 5.75 percent, Bankoh and American Savings Bank quoted 5.875 percent, and the other major local lenders quoted 6 percent. This generally represented a lower rate than last week.
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Countrywide Financial's Mortgage Loan Fundings In June Down 11% ...
(RTTNews) - Calabasas, California-based diversified financial services provider Countrywide Financial Corp. (CFC | charts | news | PowerRating) on Thursday morning reported its operational data for the month of June. The company's total loan fundings declined from last year, while mortgage loan fundings in the month of June were down 11% year-over-year. In the second quarter, mortgage loan fundings declined 3% year-over-year.
June Results
During the month of June, the company's total Loan Fundings declined to $42.46 billion from $47.55 billion in the same period a year ago. The company's mortgage loan fundings in the month of June were $42.00 billion, down 11% from $47.27 billion last year. In the previous month of May, the company's total Loan Fundings were $38.86 billion, while Mortgage loan fundings were $38.57 billion.