Although Florida remains one of the most expensive states for insuring homes and other properties due to the elevated disaster risk from hurricanes, legal reforms seem to be slowing the rapid growth in premiums seen in recent years.
As of late November, Florida’s Office of Insurance Regulation (OIR) had received 73 filings for rate decreases and 94 filings for 0% rate increases.
Some insurers in Florida have been lowering their premiums, with Florida Peninsula Insurance in August requesting regulatory approval for a statewide average decrease of 8.4% for homeowners’ premiums and a 12% reduction for condominium owners. 17 new insurers entering the Florida market, more companies are updating their rates and terms to remain competitive and attract new business, which would indicate that we may see a continued downward trend going into 2026.
Mortgage Rates
Remain Near
2025 Lows
The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market.
The 30-year fixed-rate mortgage averaged 6.22% as of December 11, 2025, up from last week when it averaged 6.19%. A year ago at this time, the 30-year FRM averaged 6.60%.
The 15-year fixed-rate mortgage averaged 5.54%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.84%.
