Florida Mortgage Rates: Get the Latest Updates

What Are the Current Mortgage Rates in Florida?

As of June 8, 2022, mortgage rates in Florida averaged the following, according to [source]:

• 30-year fixed: 6.271%
• 15-year fixed: 5.301%
• 5-year adjustable-rate mortgage (ARM): 7.400%

How Do Florida Mortgage Rates Compare?

Florida's mortgage rates are slightly higher than the national average. As of July 29, 2024, the national average rates are:

• 30-year fixed: 7.06%
• 15-year fixed: 6.69%

What Factors Affect Mortgage Rates in Florida?

Several factors influence mortgage rates in Florida, including:

• The Federal Reserve's monetary policy
• Economic conditions in Florida
• The availability of mortgage loans
li>The demand for mortgages

Conclusion

Mortgage rates in Florida are influenced by a combination of national and state-specific factors. By staying informed about the latest trends, you can make an informed decision about your mortgage options and potentially save money on your monthly payments.