While the long-term impact is clearly uncertain, in the short term mortgage rates have improved dramatically. Over the past several days rates have improved from 6.5% for a 30 year to almost as low as 5.75%. If you are interested in refinancing, now is the time to look at it. This can only help make Maui real estate more affordable.

The Federal Government will assume operating control of Freddie Mac and Fannie Mae and will purchase a large amount of preferred stock in each entity.

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The Fairways at Maui Lani, one of the Wailuku subdivisions embroiled in a lawsuit is being put up for sale.

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The Maui County Council has come to its senses…sort of…maybe:

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