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Michigan Interest Only Mortgage Rates

Updated: August 19, 2017

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

3.803%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 19, 2017
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3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 19, 2017
  • Save when you borrow from PenFed!

4.200%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 19, 2017
  • A+ Rating with the Better Business Bureau

4.343%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 19, 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 August 19, 2017
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PRODUCTS RATES +/-
30 Year Fixed 4.06%
15 Year Fixed 3.22%
5/1 ARM 3.21%
Saturday, August 19, 2017

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Mortgage rates for Michigan go up to 4.06%

Saturday, August 19, 2017

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.06%. That increased from 4.01% to 4.06%. The 15-year fixed rates are now at 3.22%. The 5/1 ARM mortgage for Michigan is now at 3.21%.

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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