Do you live in one of the most expensive housing markets? If you live in Honolulu, Hawaii then you live in the most expensive housing market.
A report by CNNMoney.com lists the top ten most expensive housing markets in the United States and Honolulu ranks number one. The median home price on the island paradise is $579,300. Coming in at number five is New York where the median home price is $439,300, and at number ten is Barnstable, Massachusetts where the median home price is $299,000.
Ali Velshi takes a look at the cities with the highest real estate prices on American Morning. You can also visit CNNMoney.com for more information.
The borrower and the lender need to do the calculation to see how long it will take for the effect of the lower interest rate to make up for the cost of the refinance, read more about refinancing your home at "123 Refinances"
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