Mortgage interest rates have eased from last year’s highs, with 30-year fixed rates now hovering around the low-to-mid 6 percent range their lowest levels in over three years. This dip has helped unlock some buyer demand even as home prices in Florida remain near record levels and inventory tight.
For many buyers, steady rates make homeownership more attainable, while sellers see a gradual, stabilizing market as we head into spring. Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years. The impacts are noticeable, as weekly purchase applications and refinance activity have jumped, underscoring the benefits for both buyers and current owners. It appears that housing activity is improving and poised for a solid spring sales season
–The 30-year fixed-rate mortgage averaged 6.06 percent as of Jan. 15, 2026, down from last week when it averaged 6.16 percent. A year ago at this time, the 30-year FRM averaged 7.04 percent.
–The 15-year fixed rate mortgage averaged 5.38 percent, down from last week when it averaged 5.46 percent. A year ago at this time, the 15-year FRM averaged 6.27 percent.
The Florida Real Estate Market Outlook for 2026
Market trends, home prices and relocation advice from real estate experts
The demand for Florida real estate has remained strong over the past few years, but now in latter January of 2026, as the Fed has cut the benchmark interest rate three times last year, the Florida market continues to undergo a healthy rebalancing with declining home inventory levels and most homes still spending roughly 54 days on the market before going under contract.
With Florida’s current median home price remaining just 3.5 percent under its all-time high of $430K (set in April 2024), combined with lingering mortgage rates above 6 percent and rising home insurance costs, some buyers continue to be challenged with overall home affordability.
Most of our sales have been cash sales with relocation from South Florida, California, the NE and even Minnesota this week.
Our utopia weather,amenities and lifestyle with boating, beaches and golfing continues to be the reason for the relocation to South Florida.