Hawaii Mortgage Rates
Hawaii's world-class beaches are one of the reasons why the state's real estate has been and will continue to be in demand. Other appealing features include its high conforming loan limits and extremely low property taxes. Hawaii is the second most important vacation home market in the country and the nation's second largest housing market, trailing only behind Florida. Each year, an increasing number of baby boomers in search of tranquility and a piece of paradise choose Hawaii for their retirement or getaway destination. The state's condo market is hot, especially in some areas of Oahu, where buyers are witnessing an appreciation of homes and condos. One of the most affordable places in Hawaii is West Oahu. Maui is also experiencing abundant growth, and its easygoing lifestyle is luring prospective homeowners and investors eyeing condos and single family homes. A growing number of residents are mortgage refinancing adjustable loans by opting instead for a fixed rate.