Did you know that although interest rates have been climbing these last few years, they are still relatively low historically? 

That’s because, over the past fifty years, interest rates on a 30 year fixed rate mortgage ranged from a high of 18.63% to as low as 3.31% in 2012.

The graph below provides a visual of the average interest rate on the 30-year fixed-rate mortgage. When put into a historical perspective, it’s clear that even though rates are rising, they remain at historically low levels. 

To learn how you can benefit from today’s historically low rate for purchase in Hawaii, contact me today. I would be happy to help you find a licensed mortgage professional.