Mortgage rates for Michigan
go up to 5.00%
Thursday, September 20, 2018
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 5.00%.
That increased from 4.77% to 5.00%.
The 15-year fixed rates are now at 4.13%. The 5/1 ARM mortgage for Michigan is now at 3.88%.
ARM Rates in Michigan Today
Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time (usually lower rates) and then can adjust based on current market conditions. Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.
If you are buying a home in Michigan or refinancing into an ARM loan, you can find the best rates on Lender411.com. Check out the main page on Adjustable Mortgage Rates.
Local Cities
Adrian |
Alpena |
Ann Arbor |
Battle Creek |
Bay City |
Benton Harbor |
Cadillac |
Detroit |
East Lansing |
Flint |
Grand Rapids |
Ishpeming |
Kalamazoo |
Lansing |
Lansing |
Livonia |
Marquette |
Midland |
Niles |
Petoskey |
Saginaw |
Sterling Heights |
Tecumseh |
Traverse City |
Warren
30 Year Fixed
5.00%
