South Florida Interest Rates
Posted by Denise Stewart on Monday, January 9th, 2023 at 4:49pm.
Interest Rates in Florida are in the 6% range.
If you look at the average interest rates for the past 50 years, a 6% rate doesn't seem so bad.
Just look at the chart below.
|
Annual Averages |
Monthly Averages | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
1972 |
7.38% |
1985 |
12.43% |
1998 |
6.94% |
2011 |
4.45% |
2021 |
December |
3.10% |
|
1973 |
8.04% |
1986 |
10.19% |
1999 |
7.44% |
2012 |
3.66% |
2022 |
January |
3.45% |
|
1974 |
9.19% |
1987 |
10.21% |
2000 |
8.05% |
2013 |
3.98% |
|
February |
3.76% |
|
1975 |
9.05% |
1988 |
10.34% |
2001 |
6.97% |
2014 |
4.17% |
|
March |
4.17% |
|
1976 |
8.87% |
1989 |
10.32% |
2002 |
6.54% |
2015 |
3.85% |
|
April |
4.98% |
|
1977 |
8.85% |
1990 |
10.13% |
2003 |
5.83% |
2016 |
3.65% |
|
May |
5.23% |
|
1978 |
9.64% |
1991 |
9.25% |
2004 |
5.84% |
2017 |
3.99% |
|
June |
5.52% |
|
1979 |
11.20% |
1992 |
8.39% |
2005 |
5.87% |
2018 |
4.54% |
|
July |
5.41% |
|
1980 |
13.74% |
1993 |
7.31% |
2006 |
6.41% |
2019 |
3.94% |
|
August |
5.22% |
|
1981 |
16.63% |
1994 |
8.38% |
2007 |
6.34% |
2020 |
3.11% |
|
September |
6.11% |
|
1982 |
16.04% |
1995 |
7.93% |
2008 |
6.03% |
2021 |
2.96% |
|
October |
6.90% |
|
1983 |
13.24% |
1996 |
7.81% |
2009 |
5.04% |
2022 |
5.34% |
|
November |
6.81% |
|
1984 |
13.88% |
1997 |
7.60% |
2010 |
4.69% |
|
|
|
December |
6.36% |
If you have any questions about condos in South Florida, Please give us a call @ 954 3038885.