Michigan Interest Only Mortgage Rates
Updated: December 14, 2018
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Displaying rates for Mortgage Refinance in MI for $200,000
NMLS# 417490 |
4.917%APR  30 Year Fixed |
4.875% Rate | $1,059/mo |
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NMLS# 424182 |
4.750%APR30 Year Fixed |
4.750% Rate | $1,044/mo |
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NMLS# 471962 |
4.825%APR30 Year Fixed |
4.750% Rate | $1,044/mo |
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NMLS# 401822 |
4.627%APR30 Year Fixed |
4.500% Rate | $1,014/mo |
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4.777%APR30 Year Fixed |
4.625% Rate | $1,028/mo |
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5.250%APR30 Year Fixed |
5.250% Rate | $1,105/mo |
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5.041%APR30 Year Fixed |
4.990% Rate | $1,073/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.77%
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| 15 Year Fixed |
4.08%
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| 5/1 ARM |
4.13%
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Mortgage rates for Michigan go down to 4.77%
Friday, December 14, 2018
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.77%. That dropped from 5.12% to 4.77%. The 15-year fixed rates are now at 4.08%. The 5/1 ARM mortgage for Michigan is now at 4.13%.
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.
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