Mortgage Rates in Florida: Today's Averages & 2026 Outlook
Florida 30-year fixed rates are running around 6.9% — roughly 5 bps above the national average of 6.85%. Here's how FL rates stack up, what drives the spread, and the programs that can price you lower.
Today's Florida rates by loan type
Estimates for Florida based on the current national 30-year average of 6.85% plus the state's typical spread (+5 bps). Live national rate sourced daily from Freddie Mac PMMS via our rate feed. Your actual quote will depend on your credit, down payment, and lender.
What drives Florida mortgage rates
National rates set the floor — Freddie Mac's weekly PMMS average is the benchmark almost every Florida lender starts from. But FL typically prices about 5 basis points above that national average because of three local dynamics: the mix of loan types written in the state, lender density and competition, and how expensive the state is to close in.
Loan mix. Conventional dominant; FHA and VA share elevated statewide. The mix matters because FHA, VA, and USDA loans price differently than conventional — states with heavier government-loan share tend to show tighter buyer rates but higher fees.
Median loan size. The typical Florida loan is around $355,000 on a $405,000 home. That size sits well inside conforming loan limits, so most FL buyers get standard agency pricing.
Refi activity. Refi activity muted — insurance-cost spikes overshadow rate savings.
What a typical Florida payment looks like
| Line item | Estimate |
|---|---|
| Median home price | $405,000 |
| Median loan amount (typical LTV) | $355,000 |
| 30-yr rate (state avg) | 6.9% |
| Monthly principal & interest | $2,338 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$3,039 |
Directional math for Florida in 2026. Add property taxes, homeowners insurance, PMI (if putting less than 20% down), and any HOA dues for a full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
What's unique about financing in Florida
What most FL borrowers use
Conventional dominant; FHA and VA share elevated statewide.
Below-market FL rate options
Florida Hometown Heroes offers a discounted rate plus 5% DPA for essential workers.
Is a refi worth it in FL?
Refi activity muted — insurance-cost spikes overshadow rate savings.
Rate + grants + closing costs
A below-market rate is only one lever. Stack it with FL down-payment assistance and seller-paid closing costs. See FL grants → · FL closing costs →
Get matched with a Florida lender — free
We'll match you with vetted FL lenders competing for your loan. Compare real Loan Estimates side-by-side — the same Florida buyer can save $2,000–$5,000+ over the life of the loan by shopping three quotes.
Florida mortgage rates: FAQ
What is today's mortgage rate in Florida?▾
The average 30-year fixed mortgage rate in Florida is around 6.9% — roughly 5 bps above the current national average of 6.85%. 15-year fixed loans run about 6.15%, FHA around 6.65%, and VA around 6.55%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do Florida mortgage rates compare to the national average?▾
Florida rates typically sit slightly above (about 5 bps higher than) the US 30-year average. The spread reflects local lender competition, loan mix (conventional dominant; fha and va share elevated statewide.), and state-level closing-cost dynamics.
What monthly payment can I expect on a Florida home?▾
On the median Florida loan of $355,000 at 6.9% for 30 years, principal and interest run about $2,338/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues. Add roughly 25–35% to that P&I number to estimate a full PITI payment.
Are there special first-time homebuyer rate programs in Florida?▾
Yes. Florida Hometown Heroes offers a discounted rate plus 5% DPA for essential workers. These state-agency programs typically pair a below-market rate with down payment assistance — worth comparing against a standard conventional loan before locking.
Should I refinance my Florida mortgage right now?▾
Refi activity muted — insurance-cost spikes overshadow rate savings. The break-even math: divide your total refi closing costs by your monthly payment savings — if you'll stay in the home longer than the payback period, refinancing pays off. Our free Refi Optimizer runs the numbers for you.