What is the Average Miami Mortgage Refinance Rate?

The city of Miami is affected by an array of economic factors that have the effect of causing a significant discrepancy between the local mortgage refinance rates and those of the state and nation as a whole. Consequently, it is of particular importance that Miami residence be well informed of the strength and validity of their mortgage refinance options. The average Miami mortgage refinance rate is 4.1% and has a 4.2% APR. This translates to a rough median estimate of $1100 in terms of monthly payments.