»
»
West Palm Beach

Current Mortgage Rates in West Palm Beach, Florida

Compare mortgage rates and fees for leading lenders in West Palm Beach, FL. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in West Palm Beach.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in West Palm Beach. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates in West Palm Beach, FL as of October 20, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for West Palm Beach, FL

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's West Palm Beach, FL Mortgage Rates Compare?

October 20, 2019

The current average rate for a 30 year fixed rate mortgage in West Palm Beach is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
West Palm Beach, FL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in West Palm Beach, Florida?

The median home value for West Palm Beach, FL (Palm Beach County) is $313,736

The median household income for West Palm Beach, FL (Palm Beach County) is $59,006

Based on current mortgage rates and a 10% down payment, you need to make $58,208 per year to buy the median priced home in West Palm Beach

The home price you can afford to buy based on household income in West Palm Beach is 101% of the median home value which means housing prices are average

West Palm Beach (Palm Beach County) ranks 63 out of 67 counties in Florida and 2,996 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in West Palm Beach, FL is average

orange-simple-house
ruler

Loan Limits for West Palm Beach, Florida

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for West Palm Beach (Palm Beach County) below.

Conforming loan limits for West Palm Beach, FL

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for West Palm Beach, FL

1 unit: $356,500
2 units: $456,350
3 units: $551,650
4 units: $685,550

VA loan limits for West Palm Beach, FL

1 unit: $484,350

Additional Mortgage Resources for West Palm Beach, FL Residents

Mortgage Rates for Florida Cities

Bradenton Mortgage Rates

Cape Coral Mortgage Rates

Clermont Mortgage Rates

Crestview Mortgage Rates

Deltona Mortgage Rates

Fort Lauderdale Mortgage Rates

Gainesville Mortgage Rates

Green Cove Springs Mortgage Rates

Jacksonville Mortgage Rates

Kissimmee Mortgage Rates

Lakeland Mortgage Rates

Miami Mortgage Rates

Naples Mortgage Rates

Navarre Mortgage Rates

New Port Richey Mortgage Rates

Ocala Mortgage Rates

Orlando Mortgage Rates

Palm Bay Mortgage Rates

Panama City Mortgage Rates

Pensacola Mortgage Rates

Port St. Lucie Mortgage Rates

Punta Gorda Mortgage Rates

Sanford Mortgage Rates

Sarasota Mortgage Rates

Spring Hill Mortgage Rates

St. Augustine Mortgage Rates

St. Petersburg Mortgage Rates

Tallahassee Mortgage Rates

Tampa Mortgage Rates

West Palm Beach Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index