Oahu buyers jump into market as interest rates nudge higher
Hawaii buyers are getting into the market as interest rates climb to its highest point in over a year.
According to Freddie Mac, rates for 30-year loans reached over 4 percent for the first time in 2016, and a hot November real estate market suggest buyers are moving before they climb even higher.
Kalama Kim, president of the Honolulu Board of Realtors, said November pendings for single-family homes are up 18 percent from last year.
'Even though interest rates moved up last month, we saw an...