|Florida Real Estate at a Glance:|
|Population:||19,317,568||Est. % of all sales that are short-sales:||29%|
|Land Mass in Square Miles:||65,754.59||Property Taxes % of Home Value:||0.97%|
|Median Home Value:||$182,400|
Above are today’s average mortgage loan interest rates for the state of Florida.
Florida is the 4th largest populated state in the country, and the 23rd most expensive as far as median home prices go. However, Florida was one of the hardest hit during the housing crisis with a huge amount of short sales on the market. As of 2012’s third quarter, 29 percent of all home listings were from short sales.
While that’s tough on neighborhoods and the economy, this influx in short sales could provide a good opportunity for prospective homebuyers to pick up property in Florida. Review these home loan interest rates and try to apply for a mortgage loan when they’re at favorable levels.