October 2019 Maui Monthly Market Indicator
In October, mortgage rates increased slightly from the three-year lows seen
in September. While the Federal Reserve reduced the federal-funds target
rate by .25%, this decline was widely expected and largely factored into
mortgage rates already, which are still approximately 1% lower than this
time last year. Fannie Mae is predicting that continued low rates, and
possibly lower rates, are expected in 2020.