Lowest Mortgage Rates in Miami: November 2011

Falling home values across the country, as well as here in Miami, are making today a perfect time to purchase a house at an affordable price. Even so, the cost of the property isn’t the only number you should factor into your decision. Mortgage rates in Miami will also have a huge impact on how much you pay for your new home.

If you’re planning on home ownership, ensure you take the time to get the best possible mortgage rate first. We’ve compiled the local Miami financial institutions with the very best interest rates on home loans right now. Find out if there’s a great deal near you.

Current Best Mortgage Rates in Miami, FL

Different mortgage types are going to offer different mortgage rates, but no matter what type of loan you choose, there’s bound to be a great deal in Miami. Below are the lowest mortgage rates offered by local Miami lenders today for a variety of home loan types.

Best 15-Year Fixed Mortgage Rates in Miami

• Power Financial Credit Union: 3.13%
• • Orig. Fees: 1%
  • Points: 0


• Wells Fargo Bank, National Association: 3.13%
• • Orig. Fees: 1%
  • Points: 0


• Branch Banking & Trust Company: 3.25%
• • No Orig. Fees
  • Points: 0

Lowest 30-Year Fixed Mortgage Rates in Miami

• JPMorgan Chase Bank, National Association: 3.75%
• • No Orig. Fees
  • Points: 0.38


• Power Financial Credit Union: 3.88%
• • Orig. Fees: 1%
  • Points: 0


• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2

Top 3/1 ARM Miami Mortgage Rates

• Navy Federal Credit Union: 2%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Wells Fargo Bank, National Association: 2.13%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Branch Banking & Trust Company: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates in Miami for a 5/1 ARM

• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 1
  • Caps: 2% per Adjustment Period


• Branch Banking & Trust Company: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Ensure you confirm these interest rates with the lender before applying. Mortgage rates are accurate as of 11/01/11, but may change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Miami mortgage rate.