Florida mortgage rates today.
Rates change daily based on the bond market. Get a personalized rate quote for your specific loan type, credit score, and property. Not a generic national average.
Rates by loan type.
Advertised rates are national averages that often don’t reflect what you’ll actually pay. Your rate depends on your credit score, loan-to-value ratio, property type, and loan amount. Submit a pre-approval request for a real quote within 24 hours.
| Loan Type | Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | Contact for rate | Contact for APR | Long-term stability, lower monthly payments |
| 15-Year Fixed | Contact for rate | Contact for APR | Pay off faster, significant interest savings |
| FHA 30-Year | Contact for rate | Contact for APR | 3.5% down, credit scores from 580 |
| VA 30-Year | Contact for rate | Contact for APR | $0 down, no PMI for eligible veterans |
| DSCR (Investor) | Contact for rate | Contact for APR | Qualify on rental income, no W-2 required |
| Jumbo 30-Year | Contact for rate | Contact for APR | Loans above $806,500 conforming limit |
Rates are personalized. Submit a pre-approval to receive your exact quote.
Credit Score
A 760+ score typically earns the best rates. Each 20-point drop in score can raise your rate by 0.125–0.25%.
Loan-to-Value (LTV)
Lower LTV = lower rate. 20%+ down payment eliminates PMI and often earns a better rate tier.
Loan Amount
Conforming loans (≤$806,500) price differently than jumbo loans. Some jumbo products are actually priced competitively.
Property Type
Single-family homes get the best pricing. Condos, investment properties, and 2–4 unit buildings carry rate adjustments.
Rate Lock Period
Locking for 30 days vs 60 days affects pricing. Longer locks cost slightly more but protect you during your purchase timeline.
Equal Housing Lender. Rates subject to change without notice. Not a commitment to lend. All loans subject to credit approval. NMLS# 1859012. Licensed in Florida.
Frequently asked questions about Florida mortgage rates.
How are mortgage rates determined in Florida?
Mortgage rates are primarily driven by the 10-year Treasury yield and the spread that lenders charge above it. The spread reflects prepayment risk, credit risk, and lender margin. The Federal Reserve's federal funds rate affects short-term rates directly, but its influence on 30-year mortgage rates is indirect. Economic data — inflation reports, jobs numbers, GDP — moves bond yields and therefore moves mortgage rates.
What credit score do I need to get the best mortgage rate in Florida?
A FICO score of 760 or above typically earns the best pricing tier on conventional loans. Each 20-point drop below 760 can cost 0.125–0.375% on the rate or require additional closing cost points. The difference between a 700 and a 760 score on a $500,000 loan can add up to tens of thousands of dollars in interest over 30 years. Improving your score before applying has a measurable financial impact.
Should I lock my mortgage rate and for how long?
Rate locks protect you from market increases between application and closing. A 30-day lock is standard for straightforward purchases closing within that window. A 45- or 60-day lock costs slightly more in rate but protects you during longer closing timelines. In volatile rate environments, locking early is generally the right call. We advise on lock timing based on current market conditions and your specific closing date.
What is the difference between an interest rate and an APR?
The interest rate is what you pay to borrow the money each year. The APR (Annual Percentage Rate) includes the interest rate plus most loan fees — origination fees, discount points, and certain closing costs — expressed as a yearly rate. APR is designed to let borrowers compare loan offers on an apples-to-apples basis. A loan with a lower rate but high fees may have a higher APR than a loan with a slightly higher rate and no fees.
Is it possible to buy down my mortgage rate in Florida?
Yes. Paying discount points at closing lowers your interest rate. One point equals 1% of the loan amount and typically reduces the rate by 0.25%. Whether buying points makes sense depends on how long you plan to keep the loan. We calculate the break-even point — the number of months it takes to recoup the upfront cost through lower monthly payments — for every buydown scenario we discuss.
Get your personalized rate in 24 hours.
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