Miami Mortgage Rates

30-year fixed rate mortgages are a popular home loan choice, but if you want the stability of a fixed rate without having to make interest payments over 3 decades, you may want to try a 15-year fixed rate mortgage and cut the time you pay extra interest in half. Miami mortgage rates are very competitive for these loans, so be sure you include them in your research for the best home loan rates near you.

One of the most popular types of home loans is the 30-year fixed rate mortgage. These loans generally offer low, fixed interest rates, plus a longer term length that helps keep monthly payments down. For anyone researching Miami mortgage rates, 30-year fixed rate mortgages are a great place to start.

Miami real estate properties are lucrative for more reasons than one. Tourism is at an all time high in this city, and this has resulted in a booming economic growth. Whereas some find the best investments in the city, others may retire in this picturesque city or go for a vacation. Miami foreclosure properties serve as a good source of income, and the global real estate market takes great interest in them as soon as the Miami REO listings are on the internet.

Now is an optimal time to refinance homes in Miami. Mortgage refinance rates are competitive as the Fed strives to prevent foreclosures and give the economy a boost. If you are thinking about switching to a lower loan rate, the information below will aid you in locating the best rate offered in Miami.

15 Year Mortgage Refinance Loan Rate: $300,000

Brightgreen Home Loans 15 Year fixed rate at 3.625%
Alpine Mortgage Company 15 Year fixed rate at 4.25%

Interest rates are considerably low in Miami. The Fed has kept rates low going in to November to help boost the economy after the increase in foreclosures in the last last year. If you are thinking about purchasing a new home, take advantage of the current rates and check out the list provided below.

30 Year Mortgage Loan Rate: $300,000

Ezz.com Financial 30 Year fixed rate at 3.50% with an estimated monthly payment of $2,145
Integrity Home Loan 30 Year fixed rate at 3.80% with an estimated monthly payment of $2,182