Hilo Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Hilo averaged
6.71%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.59% and
one month ago for the week of 2023-02-16, the
average rate was 6.51%.
Hilo's average rate one year ago was 3.5%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.73%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
| Hilo 30 Year Fixed Rate | 2023-03-23 | 6.71% |
| Hilo 30 Year Fixed Rate Refi | 2023-03-23 | 6.73% |
| Hilo 15 Year Fixed Rate | 2023-03-23 | 6.08% |
| Hilo 15 Year Fixed Rate Refi | 2023-03-23 | 5.89% |
| Hilo 30 Year FHA | 2023-03-23 | 5.89% |
| Hilo 30 Year FHA Refi | 2023-03-23 | 5.8% |
| Hilo 30 Year USDA | 2023-03-23 | 5.84% |
| Hilo 30 Year USDA Refi | 2023-03-23 | 5.77% |
| Hilo 30 Year VA | 2023-03-23 | 6.11% |
| Hilo 30 Year VA Refi | 2023-03-23 | 5.84% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hilo, HI.
Hilo Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Hilo, HI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Hilo Average Closing Costs & Other Stats
Hilo, HI's 134 lenders originated 4,582
loans during 2022. The total origination value was $2,200,380,000, with an average loan value of
$480,223.
Hilo's average closing costs are $7,272.
The top Hilo lender as defined by loan originations is V.I.P. MORTGAGE, INC., with
213 loans originated. Their average total fees are
$9,458, which is $305
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Hilo lenders (with over 10 loans originated) are
HOME POINT FINANCIAL CORPORATION ($5,217), Central Pacific Bank ($5,301), JPMorgan Chase Bank ($5,842), NBKC BANK ($5,916) and Paramount Residential Mortgage Group, Inc. ($6,254).
The lowest rate Hilo lenders (with over 10 loans originated) are
First Republic Bank (3.01%), Morgan Stanley Private Bank (3.47%), Wells Fargo Bank (3.58%), NBKC BANK (3.85%) and AMERISAVE MORTGAGE CORPORATION (3.98%).
Hilo, HI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Bank of Hawaii | $224,625,000 | $212,760,000 | -5.3% | 9.7% |
| First Hawaiian Bank | $159,050,000 | $172,350,000 | 8.4% | 7.8% |
| V.I.P. MORTGAGE, INC. | $216,605,000 | $128,905,000 | -40.5% | 5.9% |
| QUICKEN LOANS, LLC | $258,320,000 | $112,090,000 | -56.6% | 5.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $169,845,000 | $103,465,000 | -39.1% | 4.7% |
| First Republic Bank | $110,555,000 | $99,210,000 | -10.3% | 4.5% |
| LOANDEPOT.COM, LLC | $157,580,000 | $80,645,000 | -48.8% | 3.7% |
| American Savings Bank, FSB | $91,915,000 | $73,080,000 | -20.5% | 3.3% |
| JPMorgan Chase Bank | $131,580,000 | $58,505,000 | -55.5% | 2.7% |
| Wells Fargo Bank | $94,745,000 | $58,370,000 | -38.4% | 2.7% |
| Central Pacific Bank | $68,335,000 | $57,380,000 | -16.0% | 2.6% |
| GUARANTEED RATE, INC. | $64,320,000 | $54,640,000 | -15.0% | 2.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $90,085,000 | $52,375,000 | -41.9% | 2.4% |
| Bank of America | $64,860,000 | $43,170,000 | -33.4% | 2.0% |
| ACADEMY MORTGAGE CORPORATION | $60,425,000 | $35,880,000 | -40.6% | 1.6% |
| CALIBER HOME LOANS, INC. | $58,985,000 | $29,290,000 | -50.3% | 1.3% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $77,470,000 | $27,330,000 | -64.7% | 1.2% |
| Morgan Stanley Private Bank | $39,535,000 | $26,395,000 | -33.2% | 1.2% |
| Citibank | $40,925,000 | $25,655,000 | -37.3% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $44,965,000 | $23,335,000 | -48.1% | 1.1% |
| Mortgage Research Center, LLC | $28,355,000 | $23,025,000 | -18.8% | 1.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $38,685,000 | $22,160,000 | -42.7% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $64,770,000 | $20,835,000 | -67.8% | 0.9% |
| Charles Schwab Bank, SSB | $11,740,000 | $19,870,000 | 69.3% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $46,450,000 | $18,560,000 | -60.0% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $99,245,000 | $17,600,000 | -82.3% | 0.8% |
| HOME POINT FINANCIAL CORPORATION | $48,170,000 | $16,420,000 | -65.9% | 0.7% |
| FINANCE OF AMERICA MORTGAGE LLC | $11,470,000 | $16,395,000 | 42.9% | 0.7% |
| FINANCE OF AMERICA REVERSE LLC | $6,300,000 | $16,245,000 | 157.9% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $22,495,000 | $15,965,000 | -29.0% | 0.7% |
| NBKC BANK | $31,600,000 | $14,835,000 | -53.1% | 0.7% |
| MANN FINANCIAL INC. | $10,605,000 | $14,755,000 | 39.1% | 0.7% |
| M&T Realty Capital Corporation | $14,455,000 | n/a | 0.7% | |
| GUILD MORTGAGE COMPANY | $21,925,000 | $14,135,000 | -35.5% | 0.6% |
| U.S. Bank | $57,070,000 | $12,810,000 | -77.6% | 0.6% |
| HAWAIIUSA FEDERAL CREDIT UNION | $4,880,000 | $12,500,000 | 156.1% | 0.6% |
| BMO Harris Bank | $15,110,000 | $12,360,000 | -18.2% | 0.6% |
| MID AMERICA MORTGAGE, INC. | $101,215,000 | $11,865,000 | -88.3% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $27,400,000 | $11,175,000 | -59.2% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $24,375,000 | $10,975,000 | -55.0% | 0.5% |
| Nations Lending Corporation | $9,195,000 | $10,940,000 | 19.0% | 0.5% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $1,700,000 | $10,805,000 | 535.6% | 0.5% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $10,735,000 | n/a | 0.5% | |
| CITYWIDE HOME LOANS, LLC | $16,950,000 | $10,580,000 | -37.6% | 0.5% |
| DAS Acquisition Company, LLC | $1,605,000 | $10,425,000 | 549.5% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $16,555,000 | $10,260,000 | -38.0% | 0.5% |
| SECURITYNATIONAL MORTGAGE COMPANY | $19,930,000 | $9,880,000 | -50.4% | 0.4% |
| PNC Bank | $11,280,000 | $9,820,000 | -12.9% | 0.4% |
| Silicon Valley Bank | $8,985,000 | $9,275,000 | 3.2% | 0.4% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $4,360,000 | $9,170,000 | 110.3% | 0.4% |
| Flagstar Bank, FSB | $38,290,000 | $8,755,000 | -77.1% | 0.4% |
| Citadel Servicing Corporation | $445,000 | $7,950,000 | 1,686.5% | 0.4% |
| Goldman Sachs Bank USA | $4,750,000 | $7,685,000 | 61.8% | 0.3% |
| LAND HOME FINANCIAL SERVICES, INC. | $8,260,000 | $7,560,000 | -8.5% | 0.3% |
| HighTechLending Inc | $12,305,000 | $7,475,000 | -39.3% | 0.3% |
| RBC Bank, (Georgia) | $1,935,000 | $7,240,000 | 274.2% | 0.3% |
| MidFirst Bank | $7,005,000 | n/a | 0.3% | |
| NEWREZ LLC | $6,570,000 | $6,940,000 | 5.6% | 0.3% |
| HAWAIIAN FINANCIAL | $2,495,000 | $6,780,000 | 171.7% | 0.3% |
| HomeStreet Bank | $6,915,000 | $6,525,000 | -5.6% | 0.3% |
| Raymond James Bank | $2,320,000 | $6,505,000 | 180.4% | 0.3% |
| CIVIC FINANCIAL SERVICES, LLC | $3,990,000 | $6,225,000 | 56.0% | 0.3% |
| Commerce Home Mortgage, Inc. | $6,080,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,055,000 | $5,675,000 | 40.0% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $19,180,000 | $5,630,000 | -70.6% | 0.3% |
| KELLER MORTGAGE, LLC | $5,310,000 | $5,450,000 | 2.6% | 0.2% |
| City National Bank | $16,950,000 | $5,130,000 | -69.7% | 0.2% |
| KeyBank | $11,720,000 | $5,010,000 | -57.3% | 0.2% |
| PACIFIC HOME LOANS, INC. | $17,255,000 | $4,910,000 | -71.5% | 0.2% |
| Zions Bancorporation, N.A. | $525,000 | $4,795,000 | 813.3% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $3,120,000 | $4,600,000 | 47.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $4,200,000 | $4,455,000 | 6.1% | 0.2% |
| HAWAII STATE FEDERAL CREDIT UNION | $2,150,000 | $4,250,000 | 97.7% | 0.2% |
| Stifel Bank and Trust | $1,555,000 | $4,005,000 | 157.6% | 0.2% |
| Toyota Financial Savings Bank | $7,005,000 | $4,005,000 | -42.8% | 0.2% |
| REVERSE MORTGAGE FUNDING LLC | $2,845,000 | $3,995,000 | 40.4% | 0.2% |
| FUNDLOANS CAPITAL | $2,535,000 | $3,915,000 | 54.4% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,790,000 | $3,795,000 | 112.0% | 0.2% |
| Finance Factors, Limited | $14,215,000 | $3,695,000 | -74.0% | 0.2% |
| Northpointe Bank | $1,825,000 | $3,675,000 | 101.4% | 0.2% |
| CMG MORTGAGE, INC. | $6,960,000 | $3,575,000 | -48.6% | 0.2% |
| USAA Federal Savings Bank | $4,610,000 | $3,410,000 | -26.0% | 0.2% |
| North American Savings Bank, F.S.B. | $14,805,000 | $3,400,000 | -77.0% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $4,135,000 | $3,245,000 | -21.5% | 0.1% |
| The Federal Savings Bank | $10,890,000 | $3,215,000 | -70.5% | 0.1% |
| Carrington Mortgage Services, LLC | $5,415,000 | $3,165,000 | -41.6% | 0.1% |
| Mortgage Bank of California | $1,965,000 | $3,045,000 | 55.0% | 0.1% |
| Strong Home Mortgage, LLC | $4,280,000 | $2,985,000 | -30.3% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $335,000 | $2,985,000 | 791.0% | 0.1% |
| First Savings Bank | $305,000 | $2,840,000 | 831.1% | 0.1% |
| Territorial Savings Bank | $2,145,000 | $2,790,000 | 30.1% | 0.1% |
| Sound Community Bank | $2,705,000 | n/a | 0.1% | |
| Herring Bank | $2,625,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $2,520,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $11,420,000 | $2,365,000 | -79.3% | 0.1% |
| BNY Mellon | $3,410,000 | $2,340,000 | -31.4% | 0.1% |
| HONOLULU | $2,335,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $2,330,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $2,265,000 | n/a | 0.1% | |
| UBS Bank USA | $23,425,000 | $2,115,000 | -91.0% | 0.1% |
| AMERICAN ADVISORS GROUP | $1,600,000 | $2,105,000 | 31.6% | 0.1% |
| Ameris Bank | $1,670,000 | $2,105,000 | 26.0% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $440,000 | $1,945,000 | 342.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $5,515,000 | $1,860,000 | -66.3% | 0.1% |
| NEW DAY FINANCIAL, LLC | $5,470,000 | $1,845,000 | -66.3% | 0.1% |
| BAY EQUITY LLC | $1,495,000 | $1,810,000 | 21.1% | 0.1% |
| STAR ONE CREDIT UNION | $685,000 | $1,785,000 | 160.6% | 0.1% |
| Quontic Bank | $5,260,000 | $1,780,000 | -66.2% | 0.1% |
| ATHAS CAPITAL GROUP, INC. | $275,000 | $1,765,000 | 541.8% | 0.1% |
| Origin Bank | $855,000 | $1,765,000 | 106.4% | 0.1% |
| NexBank | $1,660,000 | n/a | 0.1% | |
| Bank of Colorado | $1,605,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $3,730,000 | $1,595,000 | -57.2% | 0.1% |
| First Internet Bank of Indiana | $305,000 | $1,580,000 | 418.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,190,000 | $1,560,000 | -51.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $3,080,000 | $1,520,000 | -50.6% | 0.1% |
| Discover Bank | $500,000 | $1,510,000 | 202.0% | 0.1% |
| Florida Capital Bank | $1,495,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $4,675,000 | $1,395,000 | -70.2% | 0.1% |
| AXIA FINANCIAL, LLC | $1,505,000 | $1,375,000 | -8.6% | 0.1% |
| Axos Bank | $5,785,000 | $1,325,000 | -77.1% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,670,000 | $1,265,000 | -24.3% | 0.1% |
| FineMark National Bank & Trust | $1,255,000 | n/a | 0.1% | |
| First Western Trust Bank | $1,455,000 | $1,230,000 | -15.5% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $9,500,000 | $1,225,000 | -87.1% | 0.1% |
| Franklin Loan Corporation | $315,000 | $1,205,000 | 282.5% | 0.1% |
| IMPAC MORTGAGE CORP. | $1,475,000 | $1,170,000 | -20.7% | 0.1% |
| LENDINGONE, LLC | $1,140,000 | n/a | 0.1% | |
| COMPASS HOME LOANS, LLC | $4,285,000 | $1,115,000 | -74.0% | 0.1% |
| University of Hawaii Federal Credit Union | $1,010,000 | $1,070,000 | 5.9% | 0.0% |
| First-Citizens Bank & Trust Company | $1,045,000 | n/a | 0.0% | |
| The Central Trust Bank | $1,655,000 | $1,035,000 | -37.5% | 0.0% |
| CorTrust Bank | $1,005,000 | n/a | 0.0% | |
| Magnolia Bank | $965,000 | $980,000 | 1.6% | 0.0% |
| LIMA ONE CAPITAL, LLC | $965,000 | n/a | 0.0% | |
| HICKAM | $525,000 | $945,000 | 80.0% | 0.0% |
| Operating Engineers Local Union #3 | $910,000 | n/a | 0.0% | |
| Guaranty Bank & Trust, N.A. | $905,000 | n/a | 0.0% | |
| Arvest Bank | $1,475,000 | $900,000 | -39.0% | 0.0% |
| First Bank | $885,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $675,000 | $870,000 | 28.9% | 0.0% |
| SUMMIT FUNDING, INC. | $2,990,000 | $805,000 | -73.1% | 0.0% |
| Pacific Lending LLC | $800,000 | n/a | 0.0% | |
| LOANPAL, LLC | $275,000 | $760,000 | 176.4% | 0.0% |
| ADVANCIAL | $1,140,000 | $745,000 | -34.6% | 0.0% |
| Firefighters First Federal Credit Union | $305,000 | $745,000 | 144.3% | 0.0% |
| BETTER MORTGAGE CORPORATION | $735,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $730,000 | n/a | 0.0% | |
| CHEVRON | $265,000 | $720,000 | 171.7% | 0.0% |
| Rock Canyon Bank | $695,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $685,000 | n/a | 0.0% | |
| First Home Bank | $2,745,000 | $675,000 | -75.4% | 0.0% |
| General Mortgage Capital Corporation | $675,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $3,565,000 | $645,000 | -81.9% | 0.0% |
| NEW WAVE LENDING GROUP INC | $645,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $610,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $1,080,000 | $590,000 | -45.4% | 0.0% |
| Armed Forces Bank | $575,000 | n/a | 0.0% | |
| Community First National Bank | $2,035,000 | $555,000 | -72.7% | 0.0% |
| NFM, INC. | $485,000 | n/a | 0.0% | |
| Peoples Bank | $485,000 | n/a | 0.0% | |
| Brighton Bank | $465,000 | n/a | 0.0% | |
| CASTLE & COOKE MORTGAGE, LLC | $12,845,000 | $455,000 | -96.5% | 0.0% |
| American Airlines Federal Credit Union | $170,000 | $440,000 | 158.8% | 0.0% |
| FirstBank | $415,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $710,000 | $415,000 | -41.5% | 0.0% |
| Watermark Capital, Inc. | $990,000 | $415,000 | -58.1% | 0.0% |
| Umpqua Bank | $6,795,000 | $405,000 | -94.0% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $395,000 | n/a | 0.0% | |
| Willamette Valley Bank | $480,000 | $395,000 | -17.7% | 0.0% |
| Consolidated Federal Credit Union | $375,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $375,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $355,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $335,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $470,000 | $305,000 | -35.1% | 0.0% |
| JMJ FINANCIAL GROUP | $1,375,000 | $295,000 | -78.5% | 0.0% |
| STEARNS LENDING, LLC | $11,725,000 | $285,000 | -97.6% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $935,000 | $255,000 | -72.7% | 0.0% |
| CITIZENS EQUITY FIRST | $205,000 | $255,000 | 24.4% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $560,000 | $240,000 | -57.1% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $225,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $195,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $165,000 | n/a | 0.0% | |
| Texana Bank | $155,000 | n/a | 0.0% | |
| Secured Investment Corp. | $125,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $125,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $85,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| NuVision Federal Credit Union | $45,000 | n/a | 0.0% |
Hilo's top lender by overall market share is Bank of Hawaii, with 9.7% market share. In second place, with 7.8%, is First Hawaiian Bank, having originated $172,350,000 in loans. In third place, with 5.9%, is V.I.P. MORTGAGE, INC., having originated $128,905,000 in loans. In fourth place, with 5.1%, is QUICKEN LOANS, LLC, having originated $112,090,000 in loans. In fifth place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $103,465,000 in loans.
Hilo Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Hilo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $499,500 (0.1%) | $1,027,693 (3.4%) | 1.85 | 1,446 |
| 2018-02-01 | $499,000 (0.0%) | $1,021,937 (4.8%) | 1.81 | 1,477 |
| 2018-03-01 | $499,000 (1.4%) | $1,027,015 (7.6%) | 1.75 | 1,398 |
| 2018-04-01 | $499,000 (0.8%) | $998,923 (1.4%) | 1.69 | 1,358 |
| 2018-05-01 | $499,500 (5.3%) | $1,015,871 (2.0%) | 1.67 | 1,319 |
| 2018-06-01 | $499,000 (5.3%) | $1,021,406 (3.6%) | 1.66 | 1,356 |
| 2018-07-01 | $503,125 (4.4%) | $1,020,097 (3.2%) | 1.68 | 1,365 |
| 2018-08-01 | $499,000 (2.0%) | $1,014,840 (-1.2%) | 1.67 | 1,377 |
| 2018-09-01 | $479,000 (-1.6%) | $989,650 (-2.8%) | 1.61 | 1,369 |
| 2018-10-01 | $460,625 (-3.4%) | $944,110 (-4.8%) | 1.56 | 1,389 |
| 2018-11-01 | $453,500 (-3.9%) | $917,731 (-4.9%) | 1.54 | 1,462 |
| 2018-12-01 | $470,000 (-3.9%) | $974,520 (0.1%) | 1.62 | 1,506 |
| 2019-01-01 | $487,000 (-2.5%) | $985,658 (-4.1%) | 1.68 | 1,591 |
| 2019-02-01 | $486,000 (-2.6%) | $1,014,626 (-0.7%) | 1.64 | 1,621 |
| 2019-03-01 | $482,775 (-3.3%) | $1,017,096 (-1.0%) | 1.58 | 1,595 |
| 2019-04-01 | $472,238 (-5.4%) | $1,014,942 (1.6%) | 1.50 | 1,580 |
| 2019-05-01 | $471,250 (-5.7%) | $1,021,067 (0.5%) | 1.47 | 1,539 |
| 2019-06-01 | $450,000 (-9.8%) | $1,010,113 (-1.1%) | 1.41 | 1,516 |
| 2019-07-01 | $449,475 (-10.7%) | $995,723 (-2.4%) | 1.41 | 1,484 |
| 2019-08-01 | $443,545 (-11.1%) | $1,020,631 (0.6%) | 1.40 | 1,469 |
| 2019-09-01 | $435,364 (-9.1%) | $1,018,390 (2.9%) | 1.39 | 1,442 |
| 2019-10-01 | $432,909 (-6.0%) | $1,024,791 (8.6%) | 1.40 | 1,423 |
| 2019-11-01 | $439,785 (-3.0%) | $1,045,782 (14.0%) | 1.44 | 1,449 |
| 2019-12-01 | $429,000 (-8.7%) | $1,038,345 (6.6%) | 1.43 | 1,448 |
| 2020-01-01 | $445,000 (-8.6%) | $1,068,425 (8.4%) | 1.49 | 1,401 |
| 2020-02-01 | $449,500 (-7.5%) | $1,089,618 (7.4%) | 1.46 | 1,372 |
| 2020-03-01 | $432,500 (-10.4%) | $1,068,583 (5.1%) | 1.35 | 1,383 |
| 2020-04-01 | $420,950 (-10.9%) | $997,951 (-1.7%) | 1.32 | 1,321 |
| 2020-05-01 | $449,000 (-4.7%) | $1,025,520 (0.4%) | 1.36 | 1,298 |
| 2020-06-01 | $462,000 (2.7%) | $1,048,559 (3.8%) | 1.36 | 1,274 |
| 2020-07-01 | $460,500 (2.5%) | $1,099,381 (10.4%) | 1.33 | 1,174 |
| 2020-08-01 | $450,000 (1.5%) | $1,124,159 (10.1%) | 1.29 | 1,125 |
| 2020-09-01 | $495,000 (13.7%) | $1,219,807 (19.8%) | 1.42 | 1,031 |
| 2020-10-01 | $499,000 (15.3%) | $1,297,566 (26.6%) | 1.43 | 1,005 |
| 2020-11-01 | $499,000 (13.5%) | $1,287,508 (23.1%) | 1.45 | 959 |
| 2020-12-01 | $501,663 (16.9%) | $1,334,628 (28.5%) | 1.49 | 914 |
| 2021-01-01 | $499,000 (12.1%) | $1,329,750 (24.5%) | 1.49 | 835 |
| 2021-02-01 | $490,200 (9.1%) | $1,362,029 (25.0%) | 1.42 | 665 |
| 2021-03-01 | $490,000 (13.3%) | $1,458,197 (36.5%) | 1.39 | 559 |
| 2021-04-01 | $481,750 (14.4%) | $1,348,383 (35.1%) | 1.30 | 527 |
| 2021-05-01 | $549,000 (22.3%) | $1,237,964 (20.7%) | 1.45 | 465 |
| 2021-06-01 | $564,375 (22.2%) | $1,311,086 (25.0%) | 1.49 | 446 |
| 2021-07-01 | $569,500 (23.7%) | $1,303,026 (18.5%) | 1.50 | 414 |
| 2021-08-01 | $553,750 (23.1%) | $1,232,807 (9.7%) | 1.47 | 439 |
| 2021-09-01 | $584,375 (18.1%) | $1,169,303 (-4.1%) | 1.56 | 498 |
| 2021-10-01 | $550,000 (10.2%) | $1,231,391 (-5.1%) | 1.47 | 496 |
| 2021-11-01 | $527,500 (5.7%) | $1,373,103 (6.7%) | 1.41 | 491 |
| 2021-12-01 | $545,500 (8.7%) | $1,340,463 (0.4%) | 1.48 | 472 |
| 2022-01-01 | $535,000 (7.2%) | $1,489,774 (12.0%) | 1.45 | 457 |
| 2022-02-01 | $520,000 (6.1%) | $1,448,569 (6.4%) | 1.35 | 455 |
| 2022-03-01 | $515,000 (5.1%) | $1,421,330 (-2.5%) | 1.29 | 456 |
| 2022-04-01 | $515,000 (6.9%) | $1,373,025 (1.8%) | 1.23 | 446 |
| 2022-05-01 | $564,500 (2.8%) | $1,336,610 (8.0%) | 1.29 | 497 |
| 2022-06-01 | $627,000 (11.1%) | $1,277,921 (-2.5%) | 1.40 | 571 |
| 2022-07-01 | $649,000 (14.0%) | $1,225,441 (-6.0%) | 1.46 | 684 |
| 2022-08-01 | $640,750 (15.7%) | $1,217,395 (-1.3%) | 1.47 | 702 |
| 2022-09-01 | $625,000 (7.0%) | $1,189,718 (1.8%) | 1.46 | 680 |
| 2022-10-01 | $599,950 (9.1%) | $1,177,805 (-4.4%) | 1.41 | 727 |
| 2022-11-01 | $607,250 (15.1%) | $1,159,630 (-15.6%) | 1.46 | 759 |
| 2022-12-01 | $599,000 (9.8%) | $1,162,843 (-13.3%) | 1.48 | 778 |
| 2023-01-01 | $630,000 (17.8%) | $1,329,581 (-10.8%) | 1.55 | 750 |
| 2023-02-01 | $599,250 (15.2%) | $1,305,048 (-9.9%) | 1.44 | 747 |
Hilo's median listing price for 2023-02-01 was $599,250, a difference of
$79,250
(15.2%) versus the prior year and
$-30,750 versus the prior month.
Hilo's median listing price comes in at 144% of the national average.
Hilo's average listing price for 2023-02-01 was $1,305,048, a difference of $-143,521 (-9.9%) versus the prior year and $-24,533 versus the prior month.
For the 2023-02-01 period, Hilo had 747 MLS listings, a difference of -3 listings (0%) versus the prior month and 292 listings (64%) versus the prior year.
Hilo's median listing price comes in at 144% of the national average.
Hilo's average listing price for 2023-02-01 was $1,305,048, a difference of $-143,521 (-9.9%) versus the prior year and $-24,533 versus the prior month.
For the 2023-02-01 period, Hilo had 747 MLS listings, a difference of -3 listings (0%) versus the prior month and 292 listings (64%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hilo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 105 days | 1,565 sqft |
| 2018-02-01 | 102 days | 1,551 sqft |
| 2018-03-01 | 104 days | 1,543 sqft |
| 2018-04-01 | 99 days | 1,557 sqft |
| 2018-05-01 | 102 days | 1,552 sqft |
| 2018-06-01 | 105 days | 1,570 sqft |
| 2018-07-01 | 106 days | 1,580 sqft |
| 2018-08-01 | 108 days | 1,568 sqft |
| 2018-09-01 | 107 days | 1,566 sqft |
| 2018-10-01 | 106 days | 1,553 sqft |
| 2018-11-01 | 102 days | 1,554 sqft |
| 2018-12-01 | 97 days | 1,568 sqft |
| 2019-01-01 | 95 days | 1,580 sqft |
| 2019-02-01 | 95 days | 1,589 sqft |
| 2019-03-01 | 95 days | 1,588 sqft |
| 2019-04-01 | 96 days | 1,586 sqft |
| 2019-05-01 | 100 days | 1,584 sqft |
| 2019-06-01 | 104 days | 1,566 sqft |
| 2019-07-01 | 298 days | 1,560 sqft |
| 2019-08-01 | 110 days | 1,559 sqft |
| 2019-09-01 | 112 days | 1,546 sqft |
| 2019-10-01 | 115 days | 1,544 sqft |
| 2019-11-01 | 109 days | 1,541 sqft |
| 2019-12-01 | 108 days | 1,523 sqft |
| 2020-01-01 | 109 days | 1,521 sqft |
| 2020-02-01 | 107 days | 1,542 sqft |
| 2020-03-01 | 101 days | 1,507 sqft |
| 2020-04-01 | 104 days | 1,464 sqft |
| 2020-05-01 | 110 days | 1,488 sqft |
| 2020-06-01 | 115 days | 1,504 sqft |
| 2020-07-01 | 121 days | 1,532 sqft |
| 2020-08-01 | 97 days | 1,520 sqft |
| 2020-09-01 | 93 days | 1,512 sqft |
| 2020-10-01 | 89 days | 1,512 sqft |
| 2020-11-01 | 89 days | 1,478 sqft |
| 2020-12-01 | 84 days | 1,478 sqft |
| 2021-01-01 | 93 days | 1,486 sqft |
| 2021-02-01 | 92 days | 1,493 sqft |
| 2021-03-01 | 78 days | 1,517 sqft |
| 2021-04-01 | 60 days | 1,481 sqft |
| 2021-05-01 | 54 days | 1,524 sqft |
| 2021-06-01 | 51 days | 1,527 sqft |
| 2021-07-01 | 54 days | 1,498 sqft |
| 2021-08-01 | 48 days | 1,443 sqft |
| 2021-09-01 | 45 days | 1,502 sqft |
| 2021-10-01 | 49 days | 1,442 sqft |
| 2021-11-01 | 58 days | 1,453 sqft |
| 2021-12-01 | 60 days | 1,448 sqft |
| 2022-01-01 | 57 days | 1,458 sqft |
| 2022-02-01 | 54 days | 1,409 sqft |
| 2022-03-01 | 47 days | 1,391 sqft |
| 2022-04-01 | 47 days | 1,418 sqft |
| 2022-05-01 | 45 days | 1,417 sqft |
| 2022-06-01 | 47 days | 1,427 sqft |
| 2022-07-01 | 48 days | 1,461 sqft |
| 2022-08-01 | 59 days | 1,486 sqft |
| 2022-09-01 | 71 days | 1,459 sqft |
| 2022-10-01 | 73 days | 1,457 sqft |
| 2022-11-01 | 73 days | 1,461 sqft |
| 2022-12-01 | 80 days | 1,430 sqft |
| 2023-01-01 | 84 days | 1,457 sqft |
| 2023-02-01 | 84 days | 1,445 sqft |
Hilo's median listing age (time on market) for 2023-02-01 was 84 days.
This
is 57%
longer
than the same period one year ago.
Hilo's median square footage for active listings during the 2023-02-01 period was 1,445 sqft. One year prior, the average listing was 1,409 sqft.
Hilo's median square footage for active listings during the 2023-02-01 period was 1,445 sqft. One year prior, the average listing was 1,409 sqft.
Hilo, HI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,192 | $1,234,670,000 | $563,262 |
| Cash Out Refi | 885 | $382,605,000 | $432,322 |
| Refi | 706 | $319,770,000 | $452,932 |
| Other | 418 | $188,480,000 | $450,909 |
| Home Improvement | 381 | $74,855,000 | $196,470 |
Hilo's most frequently cited loan purpose was Home Purchase, with 2,192 originations. The 2nd most popular reason was Cash Out Refi, with 885 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,368 | $607,800,000 | $444,298 |
| 4-5% | 880 | $481,720,000 | $547,409 |
| 5-6% | 740 | $352,650,000 | $476,554 |
| 2.5-3% | 574 | $287,640,000 | $501,115 |
| <2.5% | 501 | $220,545,000 | $440,210 |
| 6-7% | 298 | $133,370,000 | $447,550 |
| 7-8% | 118 | $54,500,000 | $461,864 |
| Over 8% | 83 | $36,435,000 | $438,976 |
During 2022, Hilo's most frequently originated rate bucket was 3-4%, with 1,368 originations.
Loan Sizing (Hilo, HI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,821 | $538,605,000 | $295,774 |
| $400k-600k | 980 | $468,940,000 | $478,510 |
| $100k-200k | 652 | $97,770,000 | $149,954 |
| $600k-1000k | 588 | $442,100,000 | $751,871 |
| $100,000 or less | 280 | $18,450,000 | $65,893 |
| $Over $1MM | 261 | $634,515,000 | $2,431,092 |
Hilo's loan sizing saw the bucket of loans from $200k-400k with 1,821 originations, totaling $538,605,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 1,409 | $809,065,000 | $574,212 |
| 80-100% | 1,202 | $593,870,000 | $494,068 |
| 40-60% | 873 | $466,335,000 | $534,175 |
| 20-40% | 593 | $193,945,000 | $327,057 |
| Under 20% | 416 | $51,070,000 | $122,764 |
| Over 100% | 56 | $56,680,000 | $1,012,143 |
Hilo's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 1,409 originations, totaling $809,065,000 in origination value.