February 2025 | Latest Interest Rates & Market Trends

Florida Mortgage Update – February 2025 | Latest Interest Rates & Housing Market Trends

Thinking about buying a home in Florida? 🏡 Here’s the latest mortgage update you NEED to know before making your next move!

📉 Florida Mortgage Rates – February 2025

• 30-Year Fixed Mortgage: 6.94% 🔥 (Source)
• 15-Year Fixed Mortgage: 6.36% 💰
• 5/1 ARM Loans: 6.75% (a flexible option for some buyers!)

What does this mean? Mortgage rates are stabilizing after the rapid increases we saw in recent years. While they’re still higher than the record lows of 2020, we’re seeing a slight downward trend, making homeownership more affordable for those ready to buy.

🏠 Florida Housing Market Update

✔ Home prices remain high, but they’re starting to level off in many areas. (Source)
✔ Inventory is still tight, meaning there are fewer homes available, but new listings are increasing.
✔ Home sales dropped 4.9% in January, signaling that sellers may be more open to negotiations! (Source)
✔ Rents are rising, making homeownership a smarter long-term investment for many Floridians.

What does this mean for buyers?
With interest rates steady and competition not as intense as before, this could be a great time to start your home search and lock in a good deal. Many sellers are more willing to negotiate on price, closing costs, and repairs, which gives you more buying power.

💡 Should You Buy Now?

If you’ve been waiting for the right moment, 2025 could be your year! The market is shifting in favor of buyers, and having a skilled Realtor (👋 that’s me!) on your side can help you navigate the process, negotiate the best price, and find your perfect home.

📲 Thinking about buying? Give me a call and let’s chat! I’ll guide you every step of the way.

https://janeshkaflrealtor.com/contact-me