Adjustable Mortgage Rates in Michigan

Updated: October 22, 2019

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Displaying rates for Mortgage Refinance in MI for $200,000

4.000%

APR

30 Year Fixed

4.000% Rate

$955/mo

Updated October 22, 2019

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3.721%

APR

30 Year Fixed

3.500% Rate

$898/mo

Updated October 22, 2019

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3.538%

APR

30 Year Fixed

3.500% Rate

$898/mo

Updated October 22, 2019

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3.75% APR
Fixed Rate 15yr

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PRODUCTS	RATES	+/-
30 Year Fixed	3.72%
15 Year Fixed	3.40%
5/1 ARM	4.22%

Tuesday, October 22, 2019

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Mortgage rates for Michigan go up to 3.72%

Tuesday, October 22, 2019

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 3.72%. That increased from 3.70% to 3.72%. The 15-year fixed rates are now at 3.40%. The 5/1 ARM mortgage for Michigan is now at 4.22%.

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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