Forgotten Your Password?

Need to Register?

Michigan Interest Only Mortgage Rates

Updated: August 16, 2018

Search Rates

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

4.691%

APR
30 Year Fixed
4.625% Rate $1,029/mo
  • Updated August 16, 2018
  • Welcome to Flagstar’s new online mortgage experience!

4.585%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated August 16, 2018
  • Save when you borrow from PenFed!

4.971%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated August 16, 2018
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
  • Save time & avoid paperwork by sharing your financial info instantly.

5.125%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated August 16, 2018
  • Get a free and no obligation rate quote in Michigan.
  • Direct Lender.
  • Call now and lock-in your low rate!

5.223%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated August 16, 2018
  • 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.
PRODUCTS RATES +/-
30 Year Fixed 4.77%
15 Year Fixed 3.63%
5/1 ARM 0.00%
Thursday, August 16, 2018

Get a Personalized Rate QuoteEasy & Accurate, Takes 45 Seconds

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

Subscribe to our news feed.