Adjustable Mortgage Rates in Michigan
Updated: January 27, 2020
Search Rates
Displaying rates for Mortgage Refinance in MI for $200,000
NMLS# 1717824 |
3.240%APR  30 Year Fixed |
3.125% Rate | $857/mo |
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NMLS# 424182 |
3.514%APR30 Year Fixed |
3.500% Rate | $899/mo |
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NMLS# 2890 License# FR0017682 |
3.407%APR30 Year Fixed |
3.375% Rate | $885/mo |
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NMLS# 138594 License# FL0022684 |
3.456%APR30 Year Fixed |
3.375% Rate | $885/mo |
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3.595%APR30 Year Fixed |
3.375% Rate | $884/mo |
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3.538%APR30 Year Fixed |
3.500% Rate | $898/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.53%
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| 15 Year Fixed |
3.21%
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| 5/1 ARM |
4.19%
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Mortgage rates for Michigan go up to 3.53%
Monday, January 27, 2020
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 3.53%. That increased from 3.52% to 3.53%. The 15-year fixed rates are now at 3.21%. The 5/1 ARM mortgage for Michigan is now at 4.19%.
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.
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