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FHA Refinance Rates in Michigan

Updated: November 24, 2020

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

PRODUCTS RATES +/-
30 Year Fixed 3.00%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Tuesday, November 24, 2020

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Mortgage rates for Michigan go down to 3.00%

Tuesday, November 24, 2020

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Michigan is now at 4.56%.

FHA Refinance Rates in Michigan

FHA Refinancing is a refinance transaction involving funds insured by the Federal Housing Administration. When refinancing a home in &STATE&, FHA refinancing can be a quite favorable option and is available to homeowners with conventional mortgages as well as those FHA-insured mortgages. For the latter, the FHA offers the option of FHA streamline refinancing, which conveniently requires no appraisal or verification of income, employment, or credit score.

As with FHA loans, FHA refinancing, whether streamline or standard, provides homeowners with access to some of the lowest accessible mortgage rates, however, comparing rates between lenders in Michigan is always recommended and can save you thousands of dollars in the long run. Check out our main page on FHA refinance rates for more information.

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