Rates
Florida mortgage rates
Here is the national average, where it comes from, and the date it is for. What it is not is a rate anyone can offer you — including us — and the difference is worth two minutes of your time.
National average survey rates
Last updated
- 30-year fixed
- 7.18%
- Week of
- 15-year fixed
- 6.57%
- Week of
Source: Primary Mortgage Market Survey, Freddie Mac. View the series (opens in a new tab)
This is not a quote
These are national averages from a weekly survey. They are not an offer to lend, not a rate available to any particular borrower, and not this company’s pricing. Your own rate depends on your credit profile, the loan amount, the property, the occupancy, the program and the day you lock. The APR on any actual loan will differ from the interest rate shown here.
Why we do not quote a rate
A rate without your file is a guess
Plenty of mortgage sites put a number at the top of the page. Almost none of them will honour it, because the number was never attached to a borrower. Pricing depends on things a web page does not know about you.
The figures above are a genuine, useful benchmark: Freddie Mac surveys lenders weekly and publishes the average. They tell you which direction the market is moving. They do not tell you what you will be offered.
What actually sets your rate
The things a quote is built from
- Your credit profile, and how recently it changed.
- The loan amount, and whether it is above the conforming limit for that county.
- The property: type, condition, and whether it is a condominium.
- Occupancy — primary residence, second home or investment all price differently.
- The program, and the lender's own overlays on top of it.
- The down payment, and whether mortgage insurance is involved.
- The day you lock, and for how long.
Questions about rates
- Why is the rate I was quoted different from the average shown here?
- Because the average is a survey of many lenders across the country, weighted toward a borrower profile that may look nothing like yours. Your quote reflects your credit, the property, the program and the day. A difference in either direction is normal and does not mean someone has made a mistake.
- What is the difference between the interest rate and the APR?
- The interest rate determines the interest portion of your payment. The APR expresses the cost of the loan including certain fees, so two offers can be compared on a more consistent basis. Which one costs you less in practice depends on how long you keep the loan.
- Can you beat a rate I have been quoted elsewhere?
- Sometimes, and sometimes not — which is the honest answer. As a brokerage we place files with several lenders, so the useful exercise is comparing the whole offer, including costs, on the same loan structure. Bring the written estimate rather than the headline number.
- How often does this page update?
- The survey publishes weekly and this page shows the date each figure is for. If the date looks stale, the source has not published a newer one yet.
Work out what it means for a payment
Put any rate into the payment calculator and it will separate principal and interest from taxes, insurance and association dues — which is where most Florida payment surprises come from.
Looking for how a particular program works? Browse the loan options.
Get a number that actually applies to you
A quote means something once it is based on your credit, your property and your timeline. That conversation takes minutes and costs nothing.