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Adjustable Mortgage Rates in Michigan

Updated: January 27, 2020

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

3.240%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated January 27, 2020
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3.514%

APR
30 Year Fixed
3.500% Rate $899/mo
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3.407%

APR
30 Year Fixed
3.375% Rate $885/mo
  • Updated January 27, 2020
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3.456%

APR
30 Year Fixed
3.375% Rate $885/mo
  • Updated January 27, 2020
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3.595%

APR
30 Year Fixed
3.375% Rate $884/mo
  • Updated January 27, 2020
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3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated January 27, 2020
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr
PRODUCTS RATES +/-
30 Year Fixed 3.53%
15 Year Fixed 3.21%
5/1 ARM 4.19%
Monday, January 27, 2020

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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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