06/01/2026
Interest rate update. Good morning! Thank you for visiting my page. Here's my answer to your questions about interest rates.
Interest rates are hovering between 6.3% and 6.6% for a 30 year fixed, depending on your credit score.
The 15-year fixed is at 5.70% to 5.87%. The interest rate is lower, but payments are higher.
The 5-year ARM is at 6.20% to 6.44% APR (Adjustable rate mortgage) usually starts with a lower fixed introductory period.
Key factors that change the rate is if you are purchasing an investment property. Those rates are usually 0.5% higher than a primary residence.
Credit score means everything. A rating of 740+ which is excellent, secures the best rates; lower risk.
FHA- 6.1-6.4% with an APR ranging from 6.23% to 6.70% depending on the lender fees and points.
And VA loans are offer slightly lower rates than conventional loans but carry different fees and qualifications. Currently the rate is between 5.75% and 6.51% depending on your credit score and location. All these rates that are quoted from their sources, change constantly. Sometimes daily. Always check your local sources for an accurate % rate at the time you are considering a purchase. home
Call for professional seasoned expertise. More than 45 years as a broker in Boca Raton. Owner of Prestige Properties of the SP Beaches!
