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7/1 ARM Mortgage Rates in Michigan

Updated: December 12, 2018

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

4.414%

APR
7 Year ARM
4.375% Rate $999/mo
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4.818%

APR
7 Year ARM
4.750% Rate $1,044/mo
  • Updated December 12, 2018
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4.678%

APR
7 Year ARM
4.625% Rate $1,029/mo
  • Updated December 12, 2018
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4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated December 12, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.77%
15 Year Fixed 4.13%
5/1 ARM 4.17%
Wednesday, December 12, 2018

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Mortgage rates for Michigan go down to 4.77%

Wednesday, December 12, 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%.

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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