Unlike coastal Florida, Lakeland isn't a fashionable tourist draw. Rather, it's a working-class community whose economy revolves around agricultural support for rich citrus farms in the surrounding countryside. It's also the largest metro area on Interstate 4 between Orlando and Tampa, serving the truckers and travelers who travel between the two spots. Incomes are a humble 16% below the national median.
The key to Lakeland's affordability? Home prices bottomed out in early 2011 when they fell to a median of $86,000, according to the index. Although they've recovered some since, they're still a far cry from the height of the real estate bubble, when they were a frothy $201,000.
Cities reporting the highest rates of murder, rape, robbery, assault, burglary and car theft, according to an annual analysis of FBI data.
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.75% | 3.66% | |
| 15 yr fixed | 2.89% | 2.79% | |
| 5/1 ARM | 2.66% | 2.59% | |
| 30 yr refi | 3.74% | 3.64% | |
| 15 yr refi | 2.89% | 2.79% |
Today's featured rates:
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