Michigan Interest Only Mortgage Rates
Updated: May 22, 2018
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Displaying rates for Mortgage Refinance in MI for $200,000
NMLS# 417490 |
4.820%APR  30 Year Fixed |
4.750% Rate | $1,044/mo |
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NMLS# 135922 |
4.570%APR30 Year Fixed |
4.500% Rate | $1,014/mo |
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NMLS# 401822 |
4.711%APR30 Year Fixed |
4.625% Rate | $1,029/mo |
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4.793%APR30 Year Fixed |
4.750% Rate | $1,044/mo |
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5.223%APR30 Year Fixed |
5.125% Rate | $1,089/mo |
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4.357%APR30 Year Fixed |
4.125% Rate | $969/mo |
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5.047%APR30 Year Fixed |
5.000% Rate | $1,074/mo |
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5.349%APR30 Year Fixed |
5.250% Rate | $1,105/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.78%
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| 15 Year Fixed |
3.94%
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| 5/1 ARM |
4.33%
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Mortgage rates for Michigan go down to 4.78%
Tuesday, May 22, 2018
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.78%. That dropped from 4.78% to 4.78%. The 15-year fixed rates are now at 3.94%. The 5/1 ARM mortgage for Michigan is now at 4.33%.
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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