The Florida mortgage loan market is currently experiencing a 20-year low interest rate trend. The real estate rates are at an all time high while the interest rates are at an all time low, providing a very good opportunity for people to obtain mortgage loans. Mortgage loan companies are vying with each other to provide competitive rates, services and options to attract customers. People who have always been considering investment in real estate are now taking the plunge.

The mortgage rate is the rate of interest that is to be paid to the lender for taking the loan. Mortgage rates and fluctuate over a period of time depending on the market conditions. A lower mortgage rate can mean lower monthly payments and even lower price for the property. The mortgage loan rates in Florida are typically 6.125% for a 30-year Fixed (6.173% APR), 6.0% for a 20-year Fixed (6.063% APR), 5.750% for a 15-year Fixed (5.828% APR), 5.00% for a one year LIBOR ARM (5.070% APR), 5.625% for a three year LIBOR ARM (5.698% APR), 5.750% for a five year LIBOR ARM (5.824% APR), 6.375% for a 30-year Jumbo fixed (6.400% APR) and 6.250% for a VA 30-year Fixed (6.469% APR). These loan rates are based on loan amounts ranging from $125,000 to $400,000 while the Jumbo loan rates are based on loan amounts ranging from $400,001 to $650,000. (These rates are applicable as on 5th November, 2005.)

The Internet has hundreds of sites that offer information about low rate Florida mortgage loans. These sites are often hosted by mortgage loan lenders and mortgage loan agents. They contain comprehensive information about the current rates, mortgage loan interest rate calculators, various loan options, and also special packages that are custom designed as per individual requirements. Realtors would also be able to provide information about good low rate Florida mortgage companies. Friends and family members are another reliable source.