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7/1 ARM Mortgage Rates in Michigan

Updated: June 19, 2018

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

4.445%

APR
7 Year ARM
4.375% Rate $999/mo
  • Updated June 19, 2018
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4.260%

APR
7 Year ARM
4.000% Rate $955/mo
  • Updated June 19, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.82%
15 Year Fixed 3.84%
5/1 ARM 4.00%
Tuesday, June 19, 2018

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Mortgage rates for Michigan go down to 4.82%

Tuesday, June 19, 2018

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.82%. That dropped from 4.82% to 4.82%. The 15-year fixed rates are now at 3.84%. The 5/1 ARM mortgage for Michigan is now at 4.00%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 years. After that the rate will change based on its "margin" and "index" . Above you will find 5/1 ARM refinance rates for national and local lenders in Michigan. 

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