Florida Mortgage Rates: Current Rates and Where to Find the Best Lenders

Current Mortgage Rates in Florida

As of July 29, 2024, current interest rates in Florida are 7.06% for a 30-year fixed-rate mortgage. This is slightly higher than the national average of 6.89%.

30-Year Fixed-Rate Mortgages

* Average rate in Florida: 7.06% * National average: 6.89%

Where to Find the Best Mortgage Lenders and Rates in Florida

There are many different mortgage lenders in Florida, so it's important to compare rates and fees before choosing one. Some of the best mortgage lenders in Florida include: * Quicken Loans * Rocket Mortgage * Guaranteed Rate * Veterans United Home Loans * Bank of America * Chase * Wells Fargo You can also get a free quote from multiple lenders at once by using a mortgage marketplace like NerdWallet or Bankrate.

Compare Florida Mortgage Rates with National Averages

Mortgage rates in Florida are generally higher than the national average. This is due to a number of factors, including the state's strong economy and high demand for housing. Here is a comparison of the average mortgage rates in Florida and the national averages as of June 8, 2022: * **30-Year Fixed-Rate Mortgages:** * Florida: 7.06% * National: 6.89% * **15-Year Fixed-Rate Mortgages:** * Florida: 6.25% * National: 6.12% * **5/1 Adjustable-Rate Mortgages:** * Florida: 5.95% * National: 5.81%

Most Affordable Places to Live in Florida

If you're looking for an affordable place to live in Florida, there are a few cities and towns that you should consider. These include: * Ocala * The Villages * Port St. Lucie * Lakeland * Sarasota * Fort Myers * Naples These cities and towns offer a combination of affordability, job opportunities, and amenities.