Compare Today’s Mortgage Rates in Miami, Florida 33161

Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Miami, Florida 33161.

After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $21,335 over the lifetime of your 30-year fixed loan, or a monthly savings of $59 in Miami and other areas of Miami-dade county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

25.893806 -80.182034 14015

Summary of Average Mortgages in Miami, Florida 33161

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Miami, Florida 33161

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Miami, FL 33161. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Miami, Florida 33161

Miami, officially the City of Miami, is a coastal metropolis and the seat of Miami-Dade County in South Florida, United States of America. With a population of 442,241 as of the 2020 census, it is the second-most populous city in the state of Florida after Jacksonville. Read more

Miami, officially the City of Miami, is a coastal metropolis and the seat of Miami-Dade County in South Florida, United States of America. With a population of 442,241 as of the 2020 census, it is the second-most populous city in the state of Florida after Jacksonville. It is the core of the much larger Miami metropolitan area, which, with a population of 6.14 million, is the third-largest metro in the Southeast and ninth-largest in the United States. The city has the third-largest skyline in the U.S. with over 300 high-rises, 58 of which exceed 491 ft.Miami is a major center and leader in finance, commerce, culture, arts, and international trade. Miami's metropolitan area is by far the largest urban economy in Florida, with a gross domestic product of $344.9 billion as of 2017. According to a 2018 UBS study of 77 world cities, Miami is the third-richest city in the U.S. and the third richest globally in purchasing power. Miami is a majority-minority city with a Hispanic and Latino population of 310,472, or 70.2 percent of the city's population, as of 2020.Downtown Miami has one of the largest concentrations of international banks in the U.S. and is home to several large national and international companies. The Health District is home to several major University of Miami-affiliated hospital and health facilities, including Jackson Memorial Hospital, the nation's largest hospital with 1,547 beds, and the Leonard M. Miller School of Medicine, the University of Miami's academic medical center and teaching hospital, and others engaged in health-related care and research. PortMiami, the city's seaport, is the busiest cruise port in the world in both passenger traffic and cruise lines. Miami is the second-largest tourism hub for international visitors after New York City. Miami has sometimes been called the "Gateway to Latin America" because of the magnitude of its commercial and cultural ties to the region.In 2022, Miami ranked seventh in the U.S. in business activity, human capital, information exchange, cultural experience, and political engagement. Read less

Historical Mortgage Rates in Miami, Florida 33161 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Miami, Florida and around Miami-dade county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 97.45% 96.82% 96.72% 95.45% 95.71% 95.24% 93.82% 94.45% 93.66%
avg mortgage rate 6.56% 4.63% 3.10% 3.47% 4.59% 4.78% 4.38% 4.09% 4.21%
% 15 year fixed mortgage 2.34% 2.44% 2.82% 3.48% 3.50% 3.96% 5.28% 4.79% 5.40%
avg mortgage rate 5.60% 3.78% 2.46% 3.05% 3.86% 4.06% 3.58% 3.18% 3.35%
Avg credit score 743.15 748.67 751.17 749.74 745.77 741.91 736.52 734.91 740.08
Avg LTV (loan to value) 80.06% 81.34% 81.54% 81.24% 81.01% 79.49% 79.81% 80.58% 79.80%
Avg DTI (debt to income) 40.63 38.94 37.59 38.35 38.99 39.28 38.40 38.03 37.22
% First time homebuyer 53.34% 49.43% 46.52% 47.86% 47.82% 44.41% 42.21% 43.59% 42.81%
Avg mortgage insurance % 12.35% 12.64% 12.45% 12.04% 11.74% 10.04% 10.32% 11.08% 10.02%

Source: Financial Report of the US Government

Best Mortgage Brokers around Miami, Florida 33161

For those searching for a new home in Miami, we have compiled a list of the top mortgage brokers located in and around Miami, Florida 33161 to assist you with your search.

Name
Address
Contact

Espy Funding

15494 SW 12th Ter

Miami FL 33161

(305) 225-5823

Commercial & Residential Loans

7144 SW 151st Ct

Miami FL 33161

(305) 385-5438

Omega Home Mortgage

14850 SW 26th St

Miami FL 33161

(305) 403-1730

TY Realty

4327 SW 148th Pl

Miami FL 33161

(305) 279-2228

http://tyrealty.net

All Sport Nutrition Co.

15529 SW 19th Ln

Miami FL 33161

(305) 552-9981

http://www.allsportnutrition.com

Address

15494 SW 12th Ter

Miami FL

Contact

(305) 225-5823

Address

7144 SW 151st Ct

Miami FL

Contact

(305) 385-5438

Address

14850 SW 26th St

Miami FL

Contact

(305) 403-1730

News on Mortgages and Reverse Mortgages for Miami, Florida 33161