Mortgage rates in Miami, Florida for July 7, 2008.  Loan amounts up to $417,000:

3/1 ARM              5.250%

5/1 ARM              5.500%

7/1 ARM              5.750%

10/1 ARM            6.000%

30 Yr Fixed          6.375%

All rates offered to the borrower with 1 point cost.  Rate quotes assume a purchase transaction with a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.  Custom rate quotes and rate lock advice are available by calling at the number below..

MIAMI FLORIDA MORTGAGE RATE TREND:

Next 7 days:        Lower

Next 30 days:      Slightly Lower

Next 3 months:    Higher