Home‑Insurance Crisis 2025: What Florida & California Buyers Must Budget For

With 30-year fixed rates still hovering near 6 percent, a 0.25-point difference in APR saves about $17,000 in interest on a $350 k loan over 30 years. Add closing-cost variation, and the “cheapest headline rate” is often not the cheapest loan. Lender-by-Lender Numbers

(All data calculated from the 30-Year Fixed Rate Mortgage Average in the United States — FRED series MORTGAGE30US — released weekly by the Federal Reserve Bank of St. Louis.) fred.stlouisfed.org From 2015’s 3.85 % average to a pandemic trough of 2.96 % in 2021 and back up to

Key State-Level Numbers * Typical monthly rent: $2,398 (↔ MoM + $3; YoY – 14.4 % / – $403) * Active listings: ≈ 98 000 rental homes currently on the market (highest since 2020) * Vacancy rate: 5.4 %, the highest statewide in six years * Annual income needed: $96 000 to afford median rent under the 30