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30 Year FHA Mortgage Rates in Michigan

Updated: December 10, 2018

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

4.660%

APR
30 Year FHA
4.625% Rate $1,029/mo
  • Updated December 10, 2018
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4.912%

APR
30 Year FHA
4.875% Rate $1,059/mo
  • Updated December 10, 2018
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3.721%

APR
30 Year FHA
3.500% Rate $898/mo
  • Updated December 10, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.77%
15 Year Fixed 4.13%
5/1 ARM 4.17%
Monday, December 10, 2018

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Mortgage rates for Michigan go down to 4.77%

Monday, December 10, 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 4.13%. The 5/1 ARM mortgage for Michigan is now at 4.17%.

30 Year FHA Mortgage Rate Explained

30 year FHA mortgage loans are loans that are insured against default by the Federal Housing Administration (FHA) available for single family and multifamily homes. FHA loans allow individuals whom might not qualify for a conventional mortgage obtain a loan, specially first time home buyers. These loans offer down payments as low as 3%, reasonable credit expectations, and flexible income requirements. Above you will find 30-year FHA refinance rates for national and local lenders in Michigan. 

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