Current Mortgage Rates in Miami Beach, Florida
Tuesday, October 14, 2008
Current Mortgage Rates*
Loan Type Miami Beach Average |
|
| 30-yr. fixed | 6.12% |
| 30-yr. fixed jumbo | 7.62% |
| 15-yr. fixed | 5.88% |
| 15-yr. fixed jumbo | 7.00% |
| 7/1 ARM | 6.38% |
| 7/1 ARM jumbo | 7.12% |
| 5/1 ARM | 6.25% |
| 5/1 ARM jumbo | 6.62% |
| 3/1 ARM | 6.12% |
| 3/1 ARM jumbo | 6.25% |
| 1-yr. ARM | 5.75% |
| 1-yr. ARM jumbo | 5.75% |
| 1-yr. LIBOR ARM | 6.25% |
*Mortgage Rates Updated: 10/13/2008
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Current Mortgage Rates in Miami Beach, Florida
| Miami Beach 30-yr. fixed Mortgage Rates | Miami Beach 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.80% | 7.01% | 1.14 | Bank of America | 7.49% | 7.77% | 1.99 |
| Bank of America | 6.59% | 6.74% | 0.82 | Wachovia | 7.76% | 7.79% | 0.09 |
| Wachovia | 6.39% | 6.50% | 0.42 | Wells Fargo | 9.52% | 9.58% | 0.26 |
| Wells Fargo | 6.40% | 6.47% | 0.23 | Chase | 7.80% | 7.85% | 0.16 |
| Chase | 6.32% | 6.40% | 0.07 | Fifth Third Bank | 7.13% | 7.15% | 0.02 |
| Fifth Third Bank | 6.40% | 6.46% | 0.22 | ||||
| Miami Beach 15-yr. fixed Mortgage Rates | Miami Beach 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.76% | 7.38% | 2.97 | Bank of America | 7.32% | 7.72% | 1.66 |
| Bank of America | 6.23% | 6.51% | 0.99 | Wachovia | 7.45% | 7.50% | 0.08 |
| Wachovia | 5.92% | 6.11% | 0.46 | Wells Fargo | 8.05% | 8.17% | 0.40 |
| Wells Fargo | 6.17% | 6.30% | 0.33 | Fifth Third Bank | 6.37% | 6.40% | 0.01 |
| Chase | 6.35% | 6.47% | 0.07 | ||||
| Fifth Third Bank | 5.90% | 6.00% | 0.26 | ||||
| Miami Beach 7/1 ARM Mortgage Rates | Miami Beach 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.50% | 7.21% | 0.25 | Bank of America | 6.88% | 7.36% | 0.48 |
| Bank of America | 6.53% | 6.49% | 1.06 | Wachovia | 7.42% | 6.71% | 0.08 |
| Wachovia | 6.30% | 6.13% | 0.27 | Wells Fargo | 8.59% | 7.57% | 0.26 |
| Wells Fargo | 7.25% | 6.84% | 0.16 | Chase | 8.24% | 7.51% | 0.38 |
| Chase | 6.84% | 6.45% | 0.05 | Fifth Third Bank | 6.70% | 6.17% | 0.00 |
| Fifth Third Bank | 6.47% | 5.95% | 0.00 | ||||
| Miami Beach 5/1 ARM Mortgage Rates | Miami Beach 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.38% | 7.29% | 0.12 | Bank of America | 8.14% | 6.63% | 1.05 |
| Bank of America | 6.48% | 6.20% | 0.89 | Wachovia | 7.20% | 6.60% | 0.06 |
| Wachovia | 6.52% | 6.20% | 0.04 | Wells Fargo | 7.86% | 6.89% | 0.33 |
| Wells Fargo | 7.02% | 6.63% | 0.24 | Chase | 7.72% | 6.69% | 0.00 |
| Chase | 6.75% | 6.30% | 0.04 | Fifth Third Bank | 6.66% | 6.08% | 0.00 |
| Fifth Third Bank | 6.27% | 5.98% | 0.22 | ||||
| Miami Beach 3/1 ARM Mortgage Rates | Miami Beach 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 6.11% | 6.24% | 0.94 | Wachovia | 6.97% | 6.48% | 0.07 |
| Wachovia | 6.07% | 5.90% | 0.20 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 6.38% | 7.44% | 0.12 | Chase | 6.75% | 7.41% | 0.00 |
| Chase | 6.75% | 7.37% | 0.00 | Fifth Third Bank | 6.59% | 5.98% | 0.00 |
| Fifth Third Bank | 5.92% | 5.84% | 0.19 | ||||
| Miami Beach 1-yr. ARM Mortgage Rates | Miami Beach 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.76% | 0.00 | Citibank | 7.00% | 7.90% | 0.00 |
| Bank of America | 7.42% | 6.20% | 1.53 | Wachovia | 6.88% | 6.37% | 0.07 |
| Wachovia | 6.28% | 6.04% | 0.06 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 7.12% | 7.62% | 0.00 |
| Chase | 6.12% | 7.53% | 0.12 | Fifth Third Bank | 6.46% | 5.93% | 0.01 |
| Fifth Third Bank | 6.10% | 5.69% | 0.00 | ||||
Banks in Miami Beach, Florida
Beach Bank, 555 Arthur Godfrey Road, Miami Beach Florida 33140City National Bank of Miami Beach, 326 Seventy-first Street, Miami Beach Florida 33141
Jefferson Bank of Florida, 301 Arthur Godfrey Road, Miami Beach Florida 33140
Pan American Bank of Miami Beach, 2397 Collins Avenue, Miami Beach Florida 33139
Washington Federal Savings and Loan Association, 1701 Meridian Avenue, Miami Beach Florida 33139
Mortgage Statistics for Miami Beach, Florida
| Miami Beach | Florida | USA | |
|---|---|---|---|
| Population: Population - The population of Miami Beach, FL  |
109,052 | 15,979,631 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Miami Beach mortgage. |
95,112 | 12,445,366 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Miami Beach mortgage. |
4,119 | 2,305,572 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Miami Beach mortgage. |
55,261 | 2,658,282 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Miami Beach, FL, where you might buy a home. |
73,506 | 7,301,814 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Miami Beach, where you might apply for a Miami Beach mortgage. |
1 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Miami Beach, FL |
$144,085 | $103,684 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Miami Beach mortgage interest rates. |
$34,682 | $40,337 | $43,800 |