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Adjustable Mortgage Rates in Michigan

Updated: October 17, 2017

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

4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 17, 2017
  • A+ Rating with the Better Business Bureau

3.880%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

4.006%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 17, 2017
  • Competitive interest rates

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 17, 2017
  • Save when you borrow from PenFed!
PRODUCTS RATES +/-
30 Year Fixed 4.08%
15 Year Fixed 3.25%
5/1 ARM 3.25%
Tuesday, October 17, 2017

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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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