HONOLULU (KHON2) — Could we see a boost in Hawaii’s real estate market? Experts say yes, considering mortgage rates dropped Thursday to their lowest level in more than three years.
Hale Kama’aina program aids first-time buyers with low rates
Experts say Hawaii’s real estate market should pick up very soon, and if you’ve been on the fence about making a move, now might be the time.
“Rates going down is going to spur buyers for sure,” said Trevor Benn, Honolulu Board of Realtors Past President. “Especially those that’ve been waiting on the sideline for something like this to happen.”
For the first time since September 2022, average mortgage rates have dropped below six percent. To put it simply for buyers, that means you can potentially get more for your money…