As we have been updating on this blog over the past several years, Florida’s Interest Rates on Judgments is announced every quarter. Over the past several quarters, interest rates have little by little steadily climbed. Every quarter they are updated, either up, down, or they may remain the same.
As of this past Monday, October 1st, 2018, the new interest rate on judgments is now 6.09%. This is the highest interest rate we have seen in Florida since December 31st, 2009, at which time rates were at 8%, and they steadily went down.
Eric N. Assouline, Esq.
Assouline & Berlowe, P.A.
Miami – Ft. Lauderdale – Boca Raton