Mortgage Rates Find Their Footing Near 6%
30-year fixed rates averaged 6.11% this week, just five basis points higher than their three-year low point from a few weeks ago.
February 5, 2026
30-year fixed rates averaged 6.11% this week, just five basis points higher than their three-year low point from a few weeks ago.
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The 30 year fixed rate mortgage has dropped again this week, averaging 6.15%. The is the lowest level for all of 2025.
Median sale prices across South Florida were mixed in November, with single family home prices generally flat, while condo prices were down year over year.
South Florida single family home prices are up slightly while condo prices soften a bit. Check out our SunStats data & expert insights for Fort Lauderdale, Miami and Palm Beach.
Single family prices remain stable year over year, supported by relatively tight supply and steady demand. Condos, on the other hand, continue to show price weakness, with inventory rising.
Inventory is currently at 9.7 months, which is in the range of equilibrium, and median prices are trending upwards. It feels like a normal market again.
Welcome to a normal condo market. Oceanfront condo inventory peaked at about 16 months last Spring, and has slowly been absorbed to our current level of 11.2 months of supply.
The 30 year fixed rate mortgage has dropped again this week, averaging 6.27%. Rates have settled into their lowest levels in about a year.
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