Michigan Interest Only Mortgage Rates
Updated: October 22, 2019
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Displaying rates for Mortgage Refinance in MI for $200,000
NMLS# 6606 |
3.781%APR  30 Year Fixed |
3.750% Rate | $927/mo |
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NMLS# 424182 |
3.784%APR30 Year Fixed |
3.750% Rate | $927/mo |
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NMLS# 2890 License# FR0017682 |
3.751%APR30 Year Fixed |
3.750% Rate | $927/mo |
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4.000%APR30 Year Fixed |
4.000% Rate | $955/mo |
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3.721%APR30 Year Fixed |
3.500% Rate | $898/mo |
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3.538%APR30 Year Fixed |
3.500% Rate | $898/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.72%
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| 15 Year Fixed |
3.40%
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| 5/1 ARM |
4.22%
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Mortgage rates for Michigan go up to 3.72%
Tuesday, October 22, 2019
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 3.72%. That increased from 3.70% to 3.72%. The 15-year fixed rates are now at 3.40%. The 5/1 ARM mortgage for Michigan is now at 4.22%.
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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