Watch as Chad Takesue, chief operating officer for Locations, gives an Oahu real estate market update to Hawaii News Now Sunrise host Howard Dicus in August 2025.
Key Takeaways
- Mortgage rates dropped slightly, due to weaker job numbers, interest rates and the bond market. Financial markets are betting the Fed will start cutting rates in September. How long this trend will last will be tied to upcoming inflation numbers.
- Lower interest rates positively impact affordability by reducing the monthly payment for the same purchase price.
- A 0.5% rate decrease on a $600,000 loan could save you $160 a month.
- Put another way, interest rates dropping 0.5% means about a $36,000 increase in the maximum affordable home price
- When rates come down, prices usually go up, so buyers might want to lock in on price now and refinance later.
- Every neighborhood and building is different, so be sure to work with a knowledgeable Realtor.
Watch Locations on Sunrise Every Month
Tune in to Hawaii News Now Sunrise every fourth Thursday morning to catch Locations' monthly Oahu real estate market update.
