Mortgage Rates Hover Around 6%

Author: Rich Barnhart

Author: Rich Barnhart

Since reaching 7% last November, 30-year fixed rates have slowly ticked down and have hovered just above 6% for the past month. Buyers seem to be getting used to the new rate environment and have been very active throughout the winter season in South Florida. Freddie Mac’s Primary Mortgage Survey has 15-year fixed rates averaging 5.76% and 30-year fixed rates almost three quarters of a point higher at 6.39%.

Mortgage rates in Florida May 2023

Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.

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