Florida mortgage rates lowest in months

30‑year fixed rates dipped to just 6.63%—their lowest since April—as of August 7, 2025. That’s a meaningful pullback from last week’s average of 6.72%, and it’s even better than rates a year ago, which averaged 6.47% at this time.

Why it matters—especially for Florida buyers:

• This slump in long-term rates not only trims borrowing costs but also nudges more Floridians back into the market. Lower monthly payments unlock new negotiation power in what had been a tight arena.

• 15‑year fixed rates? They also cooled off—now 5.75%, down from 5.85% last week.

What’s driving these soft numbers?

• The housing market has been grappling with elevated rates for much of 2025. But this recent decline marks the third straight week of improvements and could be a signal that the long-term rate cycle has peaked.

• Economic data is nudging the Federal Reserve toward potential rate cuts, putting downward pressure on mortgage yields.

Meanwhile, Florida‑specific rates are hovering close to the national averages:

• On August 11, 2025, Florida’s average 30‑year fixed rate was 6.73%, while the 15‑year fixed was around 5.98%.

• The slight spread between national and Florida numbers reflects local lending market dynamics.