Mortgage Rates in Fort Lauderdale, Florida — March 2026
Updated March 2026 | Based on Fort Lauderdale market data and regional lending conditions
Fort Lauderdale is a growing city in Florida with a population of 182,760. The current 30-year fixed mortgage rate in Fort Lauderdale is 6.67%, which is 0.02% above the national average. With a median home price of $465,000 and a 20% down payment of $93,000, homebuyers can expect a monthly principal and interest payment of approximately $2,393.
Current Mortgage Rates in Fort Lauderdale, FL
Below are the current average mortgage rates available in the Fort Lauderdale area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Fort Lauderdale Housing Market Overview
The Fort Lauderdale housing market reflects moderate demand with prices near the national average. The median household income in Fort Lauderdale is $55,825, and the cost of living index is 115.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $116,829 to comfortably afford the median-priced home in Fort Lauderdale, which exceeds the current median household income.
Monthly Payment Breakdown for Fort Lauderdale
Based on the median home price of $465,000 with 20% down ($93,000), here is what you can expect to pay monthly in Fort Lauderdale:
15-Year vs. 30-Year Mortgage in Fort Lauderdale
Choosing a 15-year mortgage in Fort Lauderdale at 5.91% instead of a 30-year at 6.67% would save you $299,700 in total interest over the life of the loan. However, your monthly payment would be $3,121 instead of $2,393 — an increase of $728 per month.
Calculate Your Fort Lauderdale Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Fort Lauderdale
What are the current mortgage rates in Fort Lauderdale, FL?
As of March 2026, the average 30-year fixed mortgage rate in Fort Lauderdale, Florida is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Fort Lauderdale?
Based on the median home price of $465,000 with 20% down, the estimated monthly mortgage payment in Fort Lauderdale is $2,393 for principal and interest. Including property taxes of $333/month, the total monthly housing cost is approximately $2,726.
What income do I need to buy a home in Fort Lauderdale?
Using the 28% rule, you would need an annual income of approximately $116,829 to afford the median-priced home in Fort Lauderdale at $465,000. The median household income in Fort Lauderdale is $55,825. This means most households would need to either earn above the median or consider homes below $465,000.
Is Fort Lauderdale a good place to buy a home in 2026?
Fort Lauderdale has a moderate cost of living with a cost of living index of 115.5 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. Fort Lauderdale has a population of 182,760 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fort Lauderdale, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.