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FHA Refinance Rates in Michigan

Updated: October 18, 2017

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

4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated October 18, 2017
  • Get a free and no obligation rate quote in Michigan.
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4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated October 18, 2017
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated October 18, 2017
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4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 18, 2017
  • A+ Rating with the Better Business Bureau

3.883%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 18, 2017
  • Save when you borrow from PenFed!
PRODUCTS RATES +/-
30 Year Fixed 3.88%
15 Year Fixed 3.25%
5/1 ARM 3.29%
Wednesday, October 18, 2017

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Mortgage rates for Michigan go down to 3.88%

Wednesday, October 18, 2017

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 3.88%. That dropped from 4.08% to 3.88%. The 15-year fixed rates are now at 3.25%. The 5/1 ARM mortgage for Michigan is now at 3.29%.

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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