Refinance Rates in Florida
Rates as of May 2026 · Mortgage Capital · NMLS# 1859012 · Licensed Florida mortgage broker
Refinance rates in Florida currently run in the high-6% range for a 30-year fixed, and they price differently than other programs. Refinance rates track purchase rates closely; cash-out refinances price a little higher than rate-and-term.
This page tracks refinance pricing for homeowners lowering a rate, changing terms, or pulling equity, who typically qualify with based on your existing equity. As a licensed Florida mortgage broker (NMLS# 1859012), we compare lenders to find the real rate for your scenario.
| Loan Product | Rate | APR | Points |
|---|---|---|---|
| Cash-Out Refi 30-Yr ★ | 7.125% | 7.210% | 0.5 |
| 30-Year Fixed | 6.875% | 6.943% | 0.5 |
| 15-Year Fixed | 6.250% | 6.338% | 0.5 |
| FHA 30-Year Fixed | 6.625% | 7.412% | 0.0 |
| VA 30-Year Fixed | 6.375% | 6.511% | 0.0 |
| USDA 30-Year Fixed | 6.500% | 7.089% | 0.0 |
| Jumbo 30-Year Fixed | 6.990% | 7.050% | 0.5 |
| 5/1 ARM | 6.125% | 6.887% | 0.0 |
Sample rates as of May 2026, for illustration only. Your actual rate depends on credit, down payment, loan amount, and program. Not a commitment to lend.
What sets Refinance rates
Refinance rates track purchase rates closely; cash-out refinances price a little higher than rate-and-term. That makes a direct rate comparison across programs misleading unless you also account for mortgage insurance, fees, and down payment.
For homeowners lowering a rate, changing terms, or pulling equity, the headline rate is only part of the cost. We show you the full picture so you can compare a refinance against your other options honestly.
Who a Refinance fits
A refinance is built for homeowners lowering a rate, changing terms, or pulling equity. Qualifying usually means based on your existing equity, plus the credit and income documentation the program requires.
We confirm whether this program is genuinely your lowest-cost path or whether another loan would serve you better before you commit.
Locking your Refinance rate
Once you are pre-approved and under contract, we lock your refinance rate and manage the file to closing. We watch pricing daily and time the lock to the market.
Rates move with economic data and Fed policy, so the right lock window matters as much as the right lender.
Frequently asked questions
What are refinance rates in Florida?
Refinance rates in Florida are in the high-6% range for a 30-year fixed right now. Refinance rates track purchase rates closely; cash-out refinances price a little higher than rate-and-term.
Who qualifies for a refinance in Florida?
A refinance is designed for homeowners lowering a rate, changing terms, or pulling equity, typically with based on your existing equity. We confirm your eligibility quickly.
Is a refinance my cheapest option?
Not always. The lowest headline rate is not always the lowest total cost once insurance and fees are counted. We compare every program for you.
How do I lock this rate?
After pre-approval and a signed contract, we lock your rate for 30 to 60 days and time it to the market.
Are you a licensed Florida broker?
Yes, Mortgage Capital, NMLS# 1859012, a licensed Florida mortgage broker serving all 67 counties.