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| Loan Program | Rate | APR |
|---|---|---|
| 30 Year Fixed | 6.375% | 6.461% |
| 30 Year Fixed FHA | 5.875% | 5.942% |
| 30 Year Fixed VA | 6.000% | 6.050% |
| 30 Year Jumbo | 6.375% | 6.375% |
Rate assumptions • Rates are our current featured rates and change daily. Contact us for a quote specific to your loan.
A 30-year fixed mortgage is a home loan repaid over 30 years at an interest rate that never changes. Your principal and interest payment is locked for the life of the loan, so a Florida fixed rate mortgage gives you a predictable payment no matter what the market does.
Because the balance is spread across 360 monthly payments, the 30-year fixed carries a lower monthly cost than shorter terms, which maximizes how much home you can afford. The trade-off is more total interest paid over the life of the loan, but you are never trapped: you can pay extra toward principal whenever you want, or refinance if rates fall. For most Florida buyers, that mix of the lowest payment and complete rate certainty is exactly why the 30-year fixed remains the default choice.
The 30-year fixed-rate mortgage is a uniquely American invention. Before the 1930s, most home loans were short-term deals that ended in a large balloon payment. The creation of the Federal Housing Administration in 1934, followed by Fannie Mae and Freddie Mac, turned the long-term, fully amortizing 30-year loan into the backbone of American homeownership. Freddie Mac has published a weekly national average for the 30-year fixed since 1971, which gives us more than fifty years of perspective to draw on.
That history is full of dramatic swings. Through the high-inflation years of the late 1970s and early 1980s, mortgage rates climbed to an all-time high of roughly 18.6% in October 1981. From there they trended steadily down: into the low teens through the 1980s, into single digits in the 1990s, and into the 5% to 7% range through the 2000s. After the 2008 financial crisis rates drifted lower still, and during the COVID-19 pandemic they hit an all-time low of about 2.65% in early 2021. When inflation surged in 2022 and 2023, rates snapped back up, briefly reaching around 7.8% in late 2023, the highest level in more than two decades.
Here is the part most people miss: across that entire span since 1971, the average 30-year fixed rate is roughly 7.7%. A rate in the 6% to 7% range is not historically high at all. It sits right around the long-run average and comes in at less than half of the 1981 peak. The rock-bottom rates of 2020 and 2021 were the true outlier, an emergency response engineered by the Federal Reserve during a global crisis, not the normal state of the housing market.
So while today's rates may not look attractive next to the record lows seen during the pandemic, it is worth remembering that those rates were a once-in-a-generation event. Most likely, we will never see 2% to 3% mortgage rates again. Measured against fifty years of history, financing a Florida home in today's range is far from unusual, and waiting for pandemic-era rates to return may mean waiting forever. The smart move is often to buy the home that fits your life now and refinance later if rates ease. As the saying goes, you marry the house and date the rate.
Lowest monthly payment and a rate locked for 30 years. Best for buyers who want stability and maximum buying power.
A higher monthly payment, but you pay far less interest and own the home in half the time.
Can start below a 30-year fixed rate, but the rate and payment can rise after the intro period ends.
Current 30-year mortgage rates in Florida move with the bond market, but the rate you are offered also depends on your profile and, critically, which lender you use. As a Florida mortgage broker we shop dozens of lenders at once, so you see the most competitive Florida 30-year fixed rate for your scenario instead of a single bank's number. Try our mortgage payment calculator or compare all Florida mortgage rates.
Florida 30-year fixed rates move daily. Your rate depends on your credit score, down payment, loan amount, and property type. The fastest way to see your exact number is to request a personalized quote.
A 30-year fixed gives the lowest payment and long-term stability. A 15-year saves interest but costs more monthly. An ARM can start lower but the rate can climb. The right choice depends on your budget and how long you will keep the home.
Once you are under contract or ready to refinance, we can lock your Florida 30-year fixed rate so it is protected while your loan is processed. Contact us to start.
Caroline Da Silva from Miami Mortgage Brokers just got us approved for our first mortgage, and we would definitely work with her again after this experience! From the moment our broker connected us with Caroline, she was always several steps ahead throughout the process and had everything set in place - from the mortgage team to her recommendations for inspections, everyone was on hand to help move the purchase along. Even when issues arose that weren't caused by Caroline, she found solutions to fix them and keep things moving. We were impressed that Miami Mortgage Brokers had us clear to close a week early, despite the seller causing a slight delay. They also worked hard to find us a good rate. I researched it afterward, and they actually got me the best rate on the market. On top of all that, their fees came in below what they initially disclosed, so we ended up saving a couple of grand. After this experience, I would recommend Miami Mortgage Brokers to anyone needing a reliable lender. They made our first home buying process smooth and stress-free, and we're grateful for their expertise and dedication.
Javier listened to our story and made a recommendation that has led my wife and I to an improved financial lifestyle. No more shopping around. Javier has a lifetime customer here!
Chris was outstanding throughout the entire transaction! Always accessible and was able to provide the best financing option when others could not! I would highly recommend him and hope to do more transactions with him.
I recently had the pleasure of working with Chris as my loan officer, and I cannot speak highly enough of his exceptional service. From the moment I reached out, Chris demonstrated an impressive level of knowledge and expertise in the lending process. He guided me through every step with clarity and patience, ensuring I understood the intricacies of the loan process. What truly sets Chris apart is his remarkable efficiency. Not only was he incredibly responsive to my inquiries, but he also expedited the loan process, resulting in the quickest and smoothest transaction I’ve ever experienced. His dedication to providing a seamless experience is truly commendable. Overall, I am extremely satisfied with Chris’s assistance, and I would highly recommend him to anyone seeking a loan officer who is not only knowledgeable but also goes above and beyond to deliver outstanding service. Thank you, Chris, for your invaluable help!
Very Profecional,help full, she work very hard to be able to get what I want she’s is good always contacting me for any questions on point I personally recommend her.
Nos sentimos felices con. Carolina. por la total ayuda q hizo posible para la compra de nuestra primera casa. En todo momento demostró profesionalismo y entrega en conseguir los mejores costos y beneficios para nosotros . Quedamos totalmente agradecidos
Chris, Working with you on my Miami dream was an absolute blessing. Your dedication and persistence made the impossible happen, turning my dream into a reality. I'm genuinely grateful for your commitment to securing the best deals and ensuring I understood every step of the process. You're remarkable, and I eagerly anticipate making all my future business decisions with loans through you. Without a doubt, I highly recommend Chris for anyone seeking a reliable and dedicated professional in this field.
Caroline is amazing as a loan officer. She is my preferred lender. If you're looking for someone that will remain on top of the process, answer all your questions when needed, answer your phone call and emails quickly, someone that puts your interest first before their own, call Caroline! She'll get you a lower rate and cost... you won't go wrong! No need to worry, She's constantly working your file. Must say, she also has a team of expect to help get through almost any obstacles presented in the process. Don't wait, call Caroline for your next purchase!
Caroline was able to close my loan within 3 weeks and offered a great rate with no points. I was initially working with another bank but I am happy I switched over as the process was smooth. Caroline was very professional and responded quickly.
First time I get a loan. Chris made it simple, fast, and hazle free. Above all, he had the patience and took the time to explain things to me as everything was new to me. Would absolutely recommend working with him. I will absolutely use him in my next purchase.
Chris was extremely professional, informative, caring and upfront broker I have worked with in a while. He cared about the client's needs and offered help at all times throughout the transaction. He is very easy to get a hold of and replies within minutes. I look forward to working together again in the near future.
Christian was extremely prompt and professional from start to finish. I will definitely be going back to him to refinance when rates do drop. Excellent service.
Chris is an excellent lender on top of being an even better person. In working several loans personally as well as professionally, Chris consistently delivers a smooth transaction on top of providing the best customer service in the industry. I would strongly recommend working with him on new purchases, refinancing, or any other mortgage and financing needs.
I’ve done 22 loans w about 12 different lenders of the last 20 years and Chris is the best. He gets great rates w no headaches and you NEVER have to worry about getting the job done quickly. He ALWAYS delivers.
I highly recommend Christian and OnMortgage. The rates they offer are unbeatable in this market, and the attentiveness of Chris and his partners is second to none. In a time when there are so many options, the good ones like Chris stand out. Could not recommend enough.
Michael and his team were incredibly efficient and thorough. Just when I thought I was not going to get the loan for my dream condo he made it happen. There were lots of parameters and he surpassed them all. I would highly recommend him for all your lending needs.
I am a first time home buyer, so all of this is new to me. Caroline helped me every step of the way, I'm so grateful because of her it was possible to own this house that I am so excited to create into my home where many memories will be made. Thank you again Caroline, I am so glad we had the opportunity work together you are a wonderful person! I would definitely work with you again for any future business.
Mike at On Mortgage has been INCREDIBLE during our mortgage experience. We last minute wanted to move up the date by 2 weeks and he made everything happen very smoothly. They are incredible, very nice, respond very fast to all the questions we had, and get everything in order really fast as well! Mike at On Mortgage definitely made what I thought would be a stressful time, very easy going and smooth process. Thank you Mike and team for all your help! Will 1000% use your services again!
Chris and his team were outstanding. I recommend him to anyone looking for a mortgage broker. I am 100% certain we wouldn’t have been able to close the deal on our property if it hadn’t been for him. He provides superior customer service! He was incredibly responsive (day, night, weekends). He reached out to us personally if we had any questions or needed clarity. We felt cared for as he walked us through the mortgage entire process and he was even able to expedite our closing in less than 30days. He made the process of buying a home seamless and easy! I wouldn’t ever work with anyone else other than Chris at OnMortgage! I highly recommend him and we are very grateful to him and his team as we wouldn’t have our home without him!
Chris was super responsive throughout the mortgage process. Always communicating quickly and clearly from beginning to end, explaining the expectations at each step.
"Mike went above and beyond and got the job done. Buying a home is a very stressful process so I appreciated someone explaining things to me in a direct, informative manner. There were a lot of unknowns in the process but Mike helped immensely. He also got me a really great rate which I am happy about. I recommend Mike for all of your mortgage needs."
"I must say that I am happy and satisfied with the services. I was able to close on my mortgage for my apartment in Edgewater. The loan process is quite stressful & back and forth so be patient and yet proactive . Be ready to provide documents/ files that you probably never had opened nor heard of but you will. Make sure you read prior to applying. Mike C. & Michael S. are both good with responding emails, answering questions you may have, or always looking out what the best mortgage option is for you . Every file is unique and personal . I highly recommend this company to anyone whose dream is to buy a home . Thank you both !"
"Mike was a great asset as I went through the mortgage process a few months ago. He basically did everything for me to make sure I was prequalified. He even recommended a mortgage insurance company because I was in unfamiliar territory. He continues to monitor and update me on any potential changes in the market. I highly recommend Mike to oversee your mortgage loan process."
"I recently closed on my loan for our house in the Key's and I must say the transaction was as easy and smooth as can be from start to finish. Mike Collada our loan officer and Mike Schoonover Partner/owner (Mike N Mike) were in constant communication with myself and all parties involved with my purchase. Moreover, I even paid down debt for a better rate, which required a credit re-score and these guys got it done fast. This helped us close on time. So big thanks for making our home ownership dream come true."
"I'll highly recommend to family, friends, coworkers to everybody. Miami Mortgage Brokers offer impeccable services and really looked out for my best interest. Mortgage Mike guided me through the entire loan process and was always honest with me."
"I can definitely recommend Mike. We went from finding a property to closing in 30 days! Mike is a true professional who puts his clients first-even following up with us while on vacation. Great personalized service. Mike is a pleasure to work with."
"Mike was great and helped me with my loan when I was turned down by a prior bank who did not review my tax returns. Highly recommend Mortgage Mike for all your home loan needs."
At On Mortgage, we proudly provide mortgage solutions to homebuyers and investors throughout Florida. Here are some of the cities we serve near Miami, but we aren’t limited to these locations:
• Boca Raton • Boynton Beach • Cape Coral • Clearwater • Coral Springs • Davie • Daytona Beach • Deerfield Beach • Doral • Fort Lauderdale • Hallandale Beach • Hialeah • Hollywood • Homestead • Jacksonville • Kendall • Lauderdale Lakes • Miami • Miami Beach • Miramar • Orlando • Parkland • Pembroke Pines • Pine Hills • Plantation • Pompano Beach • Port Saint Lucie • Saint Petersburg • Sunrise • Tallahassee • Tampa • West Palm Beach • Weston