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Mortgage rates in Miami, Florida

By Clare Mallen · Bankrate.com
Thursday, June 25, 2015
Posted: 7 am ET

Mortgage rates were mixed this week in Miami. Meanwhile, a downtown office building sold for $9 million, the Miami Herald reports.

The building, built in 1984 and recently renovated, sold for $214 per square foot. Located at 219 E. Flagler St., the six-story structure consists of 42,100 square feet. The recent price is more than three times its last sale price of $2.6 million in 2009, the Herald noted.

This week's rates

The benchmark 30-year fixed-rate mortgage in Miami fell to 4.15 percent from 4.2 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.1 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.16 percent.

More rates

The benchmark 30-year jumbo mortgage, for loans of $417,000 and up, jumped to 4.25 percent from 4.13 percent. The benchmark 15-year fixed-rate mortgage dropped to 3.27 percent from 3.33 percent. The benchmark 5/1 adjustable-rate mortgage surged to 3.25 percent from 3.08 percent.

Weekly mortgage survey

Results from Bankrate's June 24 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Miami.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 4.15% 3.27% 3.25% 4.25%
Change from last week: -0.05 -0.06 +0.17 +0.12
Monthly payment: $802.07 $1,161.01 $718.09 $2,051.39
Change from last week: -$4.79 -$4.81 +$15.48 +$29.40
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September 24, 2013 at 9:58 am

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