To Buy Or Not To Buy | Honolulu 2025

🏠 To Buy or Not to Buy in 2025: Aloha, Honolulu!

Aloha, Honolulu! 🌺 If you’re contemplating purchasing a home in paradise this year, it’s crucial to understand the financial landscape before making a decision.

📈 Mortgage Rates: The Current Landscape

As of May 2025, 30-year fixed mortgage rates in Hawaii are averaging between 6.25% and 7.05%, depending on the lender and loan type. This is a significant increase from the historically low rates of 3–4% we experienced in the past decade. Given current economic trends, it’s unlikely we’ll see those lower rates return soon.

💰 The Cost of Borrowing: A Realistic Example

Let’s crunch some numbers. Suppose you’re buying a $1 million home with a 20% down payment, borrowing $800,000. At a 6.5% interest rate over 30 years, you’d pay over $1 million in interest alone, effectively doubling your principal.

However, if you can manage a 50% down payment, borrowing only $500,000, your total interest paid drops significantly. This approach not only reduces your monthly payments but also helps you build equity faster.

⏳ Homeownership Tenure: What’s Typical?

The average U.S. homeowner stays in their home for about 11.8 years. That’s considerably less than the standard 30-year mortgage term. If you’re planning to move within a decade, investing heavily in points or paying substantial interest might not be the most financially savvy choice.

🏢 The Condo Market: A Buyer’s Opportunity

Condo inventory in Oahu has surged, with listings up over 50% year-over-year. This increase provides buyers with more options and greater negotiating power. If you’re considering a condo, now might be an opportune time to make a move.

🏡 Single-Family Homes: Proceed with Caution

While single-family home inventory has also increased, affordability remains a concern. Rising prices and limited availability make it essential to assess your financial stability before committing.

🤝 Meet D.J. Dole: Your Trusted Lending Partner

Navigating the complexities of today’s mortgage landscape requires expertise, and that’s where D.J. Dole, Senior Vice President at Mana Mortgage, comes in. With over 23 years of experience assisting homebuyers and real estate agents across Hawaii, D.J. is well-versed in the nuances of each island’s market. He offers a comprehensive range of loan programs, including Conventional, FHA, VA, Jumbo, Bank Statement, DSCR, and Asset Depletion loans.Mana Mortgage

Contact D.J. Dole:

• Phone: (808) 375-1783

• Email: djdole@manamortgage.us

• NMLS ID: 716937

• Office Address: 4211 Waialae Ave Suite 106-A, Honolulu, HI 96816

• Website: manamortgage.us/djdole

D.J.’s commitment to client satisfaction and extensive knowledge make him a valuable resource for anyone navigating the home buying process in Hawaii.

📞 Need Personalized Advice?

Navigating the Honolulu real estate market can be complex. If you’re seeking guidance tailored to your unique situation, feel free to reach out. Let’s work together to make informed and smart financial decisions.