Adjustable Mortgage Rates in Michigan
Updated: October 17, 2017
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Displaying rates for Mortgage Refinance in MI for $200,000
NMLS# 3030 |
4.315%APR  30 Year Fixed |
4.250% Rate | $984/mo |
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NMLS# 2925 License# FR0018737 |
3.880%APR30 Year Fixed |
3.875% Rate | $941/mo |
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NMLS# 420821 |
4.006%APR30 Year Fixed |
4.000% Rate | $955/mo |
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NMLS# 401822 |
3.832%APR30 Year Fixed |
3.750% Rate | $927/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.08%
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| 15 Year Fixed |
3.25%
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| 5/1 ARM |
3.25%
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Mortgage rates for Michigan go up to 4.08%
Tuesday, October 17, 2017
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.08%. That increased from 4.06% to 4.08%. The 15-year fixed rates are now at 3.25%. The 5/1 ARM mortgage for Michigan is now at 3.25%.
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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