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Current Mortgage Rates Today in Hardee County, Florida

Does owning property in an area known for exceedingly low crime rates, clean air, friendly neighbors, and affordable living sound like a splendid idea? If yes, Hardee County, Florida is the place to be.

And the good news is that you don't need bottomless cash reserves to buy a home in this region. You can apply for a mortgage, one of the best debts to carry because the monthly payments help you build equity.

But, before taking out a mortgage today, you must familiarize yourself with the rates associated with these loans. This piece will help you to that end by explaining all the vital particulars, including drivers, determiners, and how to enjoy juicy deals. Buckle up.

Are you a first-time homebuyer? Learn more about the available FHA home loan options in Hardee County, Florida

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An Overview of Mortgage Rates Today in Hardee County, Florida

As of August 6th, 2022, the mortgage rates for the entire Sunshine State (Florida) hover around 4.8% for 15-year fixed mortgages, 5.5% for 30-year fixed mortgages, and 4.6% for a 5/1 ARMs (adjustable-rate mortgages). But these are state averages.

You will likely see slight variations when we narrow things down to specific counties, like Hardee County.

For instance, according to Pureloan, the average rates for Wauchula in Hardee County are approximately 4.9% for 30-year fixed mortgages, 4.1% for 15-year fixed mortgages, and 4.7% for 5/1 adjustable-rate mortgages.

And that isn't all. As you will discover later, mortgage rates often vary from place to place for various reasons, including location.

Since the average mortgage rates today in Florida are lower than the national rates, expect the numbers for Hardee County to be reasonable.

What Determines Your Mortgage Rates Today?

Most lenders use the following to determine mortgage rates today:

Mortgage type

Mortgage loans come in their varieties. Today, the market is flooded with conventional, government-insured, adjustable-rate, and fixed-rate mortgages. And all these have different interest rates.

Generally, government-backed home loans are associated with lower interest rates. For instance, 30-year FHA (Federal Housing Association) loan averages are 4.6%. This pro extends to other popular government-insured mortgages, including USDA (United States Department of Agriculture) and VA (Veterans Affairs).

Additionally, ARMs often attract lower interest rates than fixed-rate mortgages.

Home location

Today's mortgage rates vary from state to city in the United States and city to city. For instance, whereas Florida has reasonable rates, the numbers are significantly higher in states like Alaska, Montanan, and North Dakota. Why?

First, most regions treat mortgage debts differently.

Some states have laws that allow trustee sales, judicial foreclosures, and non-judicial foreclosures. These are quite appealing for lenders because they enable said institutions to recoup when borrowers fail to repay loans. Consequently, institutions aren't afraid to offer substantially lower mortgage rates.

Moreover, locations with many lending institutions and few homebuyers also often enjoy low mortgage rates. That is so because lenders feel obliged to keep things moving by cutting mortgage rates when business is down.

To cut a long story short, expect mortgage rates to change depending on the area you plan to buy property.

Down payment

One sentence summarizes the relationship between the money you put down on the house and the mortgage rate: the more significant the down payment, the lower the interest rate.

Most lending institutions take down payments seriously because they indicate financial preparedness and capability to repay debts. If you put down a large sum of money, the lender will take that as a sign of your ability to pay back loans in the future.

On the other hand, a small down payment increases the risk you pose to the institution. Why? Some people can't raise a significant amount and use it to cover a down payment because they don't earn or have enough. And that spells doom for financial institutions.

To summarize, if you want to enjoy lower rates, prepare to pay a larger down payment. The magic number here is 20%. If you can cover it, the chances are high that you won't have to contend with high mortgage rates.

Credit score

Your credit determines your mortgage rates and your ability to get a home loan. Generally, most lenders will ask for a minimum credit score of 620 before considering your application for financing.

Some institutions may not approve your loan application if you have bad credit. And those that'll overlook this hurdle are likely to throw in other stringent conditions and stipulations, too, including higher interest rates. How come?

Most mainstream lenders view people with low credit scores as high-risk borrowers and do all they can to protect themselves from said entities. And the best way to do that is by shutting them out or denying their applications.

In addition, if you have no credit at all, the situation gets trickier. For one, finding the right lender will be more challenging. And if your case stems from a tendency to avoid credit rather than financial problems, you have to undergo manual underwriting, which is more time-consuming than its automated counterpart.


Most homebuyers shop for properties that they can live in permanently (principal residences), use in specific seasons like summer (secondary homes), or generate income with (investment properties).

Lenders often associate principal residence, which refers to properties that borrowers occupy for at least six months annually and is the record address on documents like voter registration and driver's license, with the lowest risk. Consequently, these attract reduced mortgage rates today.

Conversely, secondary homes' interest rates are often around half a point higher than the numbers associated with principal residences. A secondary home refers to property located a considerable distance from the primary residence.

Lastly, lending institutions consider investment properties the highest risk occupancy type. As a result, they often demand higher mortgage payments from interested borrowers.

Model house and stack of coins is placed on the calculator

Can Market Conditions Affect Mortgage Rates Today?

Besides personal conditions, several market conditions also move mortgage rates. These include:


Inflation recently hit a whopping 8.6% in the US. This historic spike came with its fair share of challenges. It also affected most aspects of the US economy, including consumer spending, employment rates, business investment, and the big cheese: mortgage rates.

Not surprisingly, the interest rate for a 30-year fixed mortgage was around 3.29% in the first quarter of 2022, but it has hardly gone below the 5% mark since the second half.

Note that although there is a strong correlation between inflation and mortgage rates today, the former doesn't directly influence the latter. On the contrary, inflation impacts aspects like Federal Reserve financial policies and the overall economy, and these two cause mortgage rate spikes.

Economic Growth Rate

You are likely familiar with the indicators of economic growth, which include:

  • Employment rate
  • Wage growth
  • GDP (Gross domestic product)
  • The stock markets

What you likely don't know is that most of these indicators are moving mortgage rates today. For instance, when employment rates dip, mortgage rates follow suit. Why? Unemployed folks are often unable to afford homes, which means fewer buyers. And that forces lenders to lower mortgage rates.

Let's now consider the effect of wage growth on mortgage rates. Higher wages come with one significant upside: increased consumer spending. That means that people often spend more when they earn more. Furthermore, higher wages encourage more people to take out mortgages. And both of these often lead to increased mortgage rates.

Mortgage rates also often rise when the nation is enjoying substantial GDP growth and solid stock market condition for similar reasons: increased consumer confidence and more spending.

Housing market conditions

Typically, mortgage rates significantly impact housing market conditions; there is no news here. Sky-high rates lead to spikes in monthly mortgage payments, which inadvertently reduces home shoppers' buying power.

But the inverse is true, too- housing market conditions move mortgage rates. That is so because conditions and trends in the housing market often affect several facets of the mortgage sector.

For instance, when real estate companies build or list fewer properties, home purchasing may take a hit. And when that happens, fewer borrowers take out mortgages, and institutions lower rates to make their offers more attractive to prospects.

Another housing market trend that often plays a significant role in determining mortgage rate trajectories involves renters. What happens when more people choose to rent as opposed to buying properties? Fewer people borrow home loans, and institutions resort to lower rates to tackle this issue.

Federal Reserve Policies

The Federal Reserve has many monetary responsibilities, but setting mortgage rates isn't one of them. That being said, this entity often introduces policies that significantly impact mortgage rates.

The Fed's credit price policies are a good case for this aspect. For instance, when the Pandemic was at its worst, the Federal Reserve lowered the target funds rate, ensuring most institutions had more credit access.

And if the situation gets out of hand at any time, the Fed steps. How? Raising the fund's rate and increasing the cost of credit in all corners of the nation.

Most of the moves made by the Federal Reserve affect mortgage rates. For example, when the Fed increases fed rate targets to cut back money supply, home loan borrowers feel the ripple effect through higher mortgage rates.

Geopolitical Factors

The US is part of the larger global economy. Subsequently, it's affected by geopolitical factors, which are geographical and political issues that impact different nations' borders. Take the Russo-Ukrainian war as an example.

Ukraine and Russia's conflict has had several limited but significant short-term impacts on the US economy. For example, commodity prices have spiked, pushing inflation upward. Most importantly, it has affected mortgage interest rates.

When markets become uncertain, investors seek relief in Treasury bonds. Subsequently, mortgage rates drop significantly.

Another example of geopolitical issues' effect on mortgage rates is the Brexit move. When the United Kingdom decided to detach itself from the European Union, experts began to speculate on mortgage interest trends almost immediately, with some expecting percentages to hit historic lows.

How Can You Get Better Mortgage Rates in Hardee County, Florida?

At this point, you likely wonder how you can get the best mortgage rates. Luckily, there are several hacks you can use to that end, including:

Improve Credit Score

If you have bad credit, improving your score is the only way to avoid high mortgage rates. And you can do that by:

  • Paying credit card balances at the right time

  • Requesting credit limit increases

  • Disputing credit report discrepancies

  • Becoming an authorized user in high credit limit credit accounts

  • Avoiding missed or late bill payments

  • Using secure credit cards

Shop Around

Although you may think you are the neediest party in your relationship with a lender, this assumption isn't inherently valid. The US has thousands of financial institutions, and they are all competing for your business.

One way lenders use to attract borrowers and outdo competitors is by offering more favorable terms. For instance, a lending institution may cut its mortgage rates and use that as bait.

So, shopping around and comparing offers from at least three lenders is highly advisable if you want to enjoy the best interest rates today.

Making a Larger Down Payment

We can't overemphasize this - the secret to enjoying lower interest rates is putting down more significant sums of money.

What if you don't have enough to cover a significant down payment at the moment? Plan your budget and bolster savings. Remember, saving up for a larger down payment is a financial goal like most others. Therefore, it requires careful planning and budgeting.

And if budgeting still doesn't do the trick because your income is less than ideal, try making more from endeavors like part-time gigs or negotiating a raise.

Lastly, you can ensure you have more than enough to put down when the time is right by cutting or entirely avoiding unnecessary spending.

Is Hardee County, Florida a Good Place for Kids?

Living in Hardee County is a life-changing decision. As such, there are numerous factors you need to consider beforehand, including your kid's needs. Remember, the little ones will spend more time in this area. So, the best thing to do earlier is to check if Hardee has everything needed to support positive growth and development.

But moving to Hardee County with your kids shouldn't be worrisome. Why? This region has facilities and establishments that catalyze kids' development through the following activities:


Camping benefits kids in numerous ways. First, it enables them to build confidence and learn new skills, which come in handy in their growth and transition into contributing members of society. This activity encourages creativity, ignites curiosity, and allows youngsters to interact with nature.

Hardee County has various top-tier sites you can go camping with your kids. These include the Peace River RV & Camping Resort and Hardee Youth Center.

Laser Tag

Teaching your kids essential life skills like teamwork and effective communication can be boring if the entire activity is theory-based. But you can turn it into a fun, memorable event using a laser tag game. And the best part is you won't even have to tell them what is happening; just let everything flow naturally!

If you want your kids to reap the benefits of laser tag games, move to Hardee County. That will bring you closer to many coveted spots like the Battle House Laser Tag.

Rock Climbing

Florida is home to countless infamous rock climbing spots. And some of these are kid-friendly and perfectly suited for adventurous children. These include Court House Boulders, Blowing Rocks Preserve, and Myakka State Park Boulder.

If you live outside the Sunshine State and want to explore all these cool spots, move here. After all, living outside Florida will only lead to costly trips when you want to try them out. And one of the best places to live in Florida is Hardee County.


Limestone skating is one of the kids' most enjoyable and beneficial outdoor activities. That is so because it gives the young ones ample opportunity to hone balance and coordination skills, boost confidence, make friends, and spend time with you.

The good news is that skating, limestone skating, to be exact, is a favorite past-time in Hardee County.


Would you like your kids to develop unparalleled coordination, flexibility, strength, and cognitive capabilities as they grow? If yes, enroll them in a good gymnastics academy in Hardee County like GymCats Gymnastics Academy (Gym).

And when they graduate, take them to excellent gyms in the county, such as the Hardee County Family YMCA and Hardee County Recreational Complex.

The Bottom Line

Now that you are familiar with every essential aspect regarding mortgage rates- overview, determiners, and tips for getting better rates- it's your turn to call the shots.

But do so with utmost care and let the information we've introduced above guide your steps. We wish you all the best.

With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.

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