Mortgage rates for Michigan
go up to 4.77%
Thursday, August 16, 2018
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.77%.
That increased from 4.75% to 4.77%.
The 15-year fixed rates are now at 3.63%. The 5/1 ARM mortgage for Michigan is now at 0.00%.
Interest Only Rates in Michigan
When you buy a home in Michigan or refinance your existing mortgage with an interest only mortgage loan, you are taking out a 30-year mortgage, electing to pay "interest only" (instead of principal + interest) for a set period of time, such as 3, 5, 7 or 10 years. After the end of the "interest only period", the monthly payments readjust to include the principal, and the loan is re-amortized for the remaining years. Check out our main page on Interest Only Mortgage Rates.
Local Cities
Adrian |
Alpena |
Ann Arbor |
Battle Creek |
Bay City |
Benton Harbor |
Cadillac |
Detroit |
East Lansing |
Flint |
Grand Rapids |
Ishpeming |
Kalamazoo |
Lansing |
Lansing |
Livonia |
Marquette |
Midland |
Niles |
Petoskey |
Saginaw |
Sterling Heights |
Tecumseh |
Traverse City |
Warren
30 Year Fixed
4.77%
