Florida Mortgage Rates Today — Compare FL Lenders
The average 30-year fixed mortgage rate in Florida is currently 6.45% APR. Florida is currently one of the strongest buyer’s markets in the US, with inventory up significantly across major metros. Compare today’s rates from top Florida lenders across all major loan types below.
Florida Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $400,000 loan on a single-family primary residence in Florida.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.45% | 6.45% | Most Popular |
| 15-Year Fixed | 5.78% | 5.78% | Pay off faster, save interest |
| 5/1 ARM | 6.60% | 6.60% | Short-term owners |
| FHA 30-Year | 6.15% | 6.15% | Low down payment |
| VA 30-Year | 6.00% | 6.00% | Veterans & military |
| 30-Year Refinance | 6.57% | 6.57% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Florida
Florida is the third most populous state and one of the most active mortgage markets in the country. The state attracts significant domestic migration, which has historically kept housing demand strong. However, 2026 has seen a meaningful shift — inventory has risen sharply and Florida is now firmly a buyer’s market in most regions.
Florida has no state income tax, making overall homeownership costs more favorable despite high home prices in some areas. Important consideration: Florida homeowners insurance is among the most expensive in the nation due to hurricane risk — factor this into your total monthly housing budget.
What Affects Your Florida Mortgage Rate?
Several key factors influence the rate a Florida lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.