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7/1 ARM Mortgage Rates in Michigan

Updated: August 19, 2017

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

3.078%

APR
7 Year ARM
3.000% Rate $844/mo
  • Updated August 19, 2017
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4.064%

APR
7 Year ARM
3.990% Rate $954/mo
  • Updated August 19, 2017
  • A+ Rating with the Better Business Bureau

3.725%

APR
7 Year ARM
3.125% Rate $857/mo
  • Updated August 19, 2017
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PRODUCTS RATES +/-
30 Year Fixed 4.06%
15 Year Fixed 3.22%
5/1 ARM 3.21%
Saturday, August 19, 2017

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Mortgage rates for Michigan go up to 4.06%

Saturday, August 19, 2017

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.06%. That increased from 4.01% to 4.06%. The 15-year fixed rates are now at 3.22%. The 5/1 ARM mortgage for Michigan is now at 3.21%.

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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