Want to sell your Hawaii Area Home? Get a home value report
Want to buy a Hawaii area home? Search all homes for sale
There's some good news and there's some bad news.
First, the bad: mortgage rates have shot up since the election.
From a low of 3.64% in October, the average fixed 30-year mortgage rate increased to over 4.4% in January. Check out this visual of how interest rates are performing.
Economists are saying this kind of volatility is likely to continue, with day-to-day changes driven by the moves and statements of the new administration.
The good news is that there are plenty of reasons to be optimistic down the line.
Promised tax breaks for high-earners could reinvigorate sales of luxury homes, which have seen a glut…