Latest Market Trends (Interest, Sales, Projections)
Current Interest Rates
📍 Regional & Volusia-Area Mortgage Rates
Volusia County (local lender survey)
- 30-yr fixed mortgage (example local pricing): ~5.500% – 6.125% on purchase loans (actual rate depends on points, credit score, loan size).
Daytona Beach (nearby comparable market)
- Realtor.com shows a 30-yr fixed around ~6.07% APR in Daytona Beach area offers.
Note: Local rate boards like CAP Center have ranges based on real lender submissions — lenders may quote lower rates if you pay discount points or have excellent credit.
Let us help you shop for the best interest rate available. We work with several independent lenders who can often provide lower rates than other financial institutions.
New Construction
Builder incentives / rate buydowns
- In Florida, new‐construction houses have seen a larger share of mortgage‐rate buydowns (builder or affiliated lender funds subsidizing lower rate) — about 4% of new-builds versus ~1% of existing homes. Axios
- Such buydowns can shave 1–3 percentage points off the initial rate (or effectively reduce monthly payment) and thus significantly improve affordability.
- Builders are also offering money towards closing costs - decreasing out-of-pocket expenses.
Lower maintenance & repair risk
- New homes tend to have newer systems, warranties, fewer unknown deferred maintenance issues — reducing surprise costs and giving more predictable cash‐flow/operating cost if you hold as investment or live in.
Energy efficiency / newer building codes
- Potentially lower utilities/insurance/maintenance burden, again improving overall cost profile (though this is more incremental).
Mortgage Interest Rate News
