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20 Year Fixed Mortgage Rates in Michigan

Updated: December 16, 2018

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

4.738%

APR
20 Year Fixed
4.625% Rate $1,279/mo
  • Updated December 16, 2018
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4.696%

APR
20 Year Fixed
4.375% Rate $1,252/mo
  • Updated December 16, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.77%
15 Year Fixed 4.08%
5/1 ARM 4.13%
Sunday, December 16, 2018

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Mortgage rates for Michigan go down to 4.77%

Sunday, December 16, 2018

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.77%. That dropped from 4.77% to 4.77%. The 15-year fixed rates are now at 4.08%. The 5/1 ARM mortgage for Michigan is now at 4.13%.

20 Year Fixed Mortgage Rates

20 Year fixed mortgage rate is a loan program where the monthly payment (this includes both principal and interest) of the loan stays constant during the 20 year life span of the loan. Like other fixed rate mortgages, the loan is "amortized" so that it will be completely paid off by the end of 20 years. Below you will find 20-year fixed refinance rates for national and local lenders in Michigan. 

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