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Michigan Mortgage Rates

Updated: September 2, 2015

Compare today's rates for Mortgage Refinance in MI

Loan Program
Purchase
Refinance
Loan Amount
Loan Type:
Credit Score
State

3.705%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated September 02, 2015
  • From the lender: Certified Upfront Lender! Online Good Faith Est! Apply & Lock Rate 24/7!

3.900%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated September 02, 2015
  • From the lender: Learn how we transformed home lending into an enjoyable experience.

4.167%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated September 02, 2015
  • From the lender: 106 Year Old Family Owned Bank. Costco Member? Call For Special Discounts!

3.786%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated September 02, 2015
  • Learn how we transformed home lending into an enjoyable experience.
  • You're updated every step of the way. No surprises.
  • NMLS ID# 66247 (ww.nmlsconsumeraccess.org), Arizona Mortgage Banker License No. 0925883

4.322%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated September 02, 2015
  • Direct Mortgage Lender. NMLS ID #1168. AZ State Lic #BK - 0906515
  • Billions Funded
  • Apply Online. Quick approvals.

4.475%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated September 02, 2015
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.

4.039%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated September 02, 2015
  • DIRECT LENDER. We can approve and fund loans in less than 30 days.
  • Get a free and no obligation rate quote in Michigan.
  • These rates won't last. Call now and lock-in your low rate!
Disclaimer

Mortgage rates for Michigan go down to 4.37%

Wednesday, September 2, 2015

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.37%. That dropped from 4.43% to 4.37%. The 15-year fixed rates are now at 3.52%. The 5/1 ARM mortgage for Michigan is now at 4.25%.

If you are looking for up to the minute Michigan mortgage rates, you’ve come to the right place.  Finding the lowest rates is easy when you have access to our vast network of trusted mortgage professionals in Michigan. Talk to multiple mortgage lenders in MI to compare rate quotes and understand your options.

Michigan Mortgage Refinance

Why is it critical to find the lowest rate when refinancing?  Simply put, this is the entire goal of a refinance.  The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan, the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan.  This can literally save you thousands of dollars.

Home Loans in Michigan

The loan types available in Michigan are much like those available elsewhere.  One of the most widely available mortgage loan types is the 30 year fixed rate mortgage.  As the name implies, this loan comes with a fixed interest rate.  This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.

The adjustable rate mortgage (ARM) is another common loan type.  You can also pursue a jumbo loan, interest-only loan, balloon mortgage, or other specialized loan type.  Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender.  Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.

Detroit, MI skyline

About Michigan

Michigan is a beautiful state in the northern Midwest bounded by four of the five Great Lakes.  One man single handedly brought change to Michigan, and that man was Henry Ford.  He established the first automobile manufacturing plant in Detroit.  Detroit is the largest city in the state of Michigan and is known as Motor City as a result of Ford’s pioneering work.  Detroit also has a thriving music scene connected to its other major nickname Motown. Additionally, other major cities include Grand Rapids, Warren, and Flint.

Detroit has an interesting contrast in lifestyles, with affluent areas lying outside in the metro areas and a poorer demographic dwelling in the inner city area. Live music, in particular blues music, is part of the vibrant night life that the city boasts. If you are looking to live in a Midwestern city with a down to earth atmosphere, you should consider becoming a homeowner in Michigan.

 To learn more about homeownership in Michigan or research MI home buying programs, visit the Michigan HUD portal.

Follow these links to learn more about Michigan mortgages.

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user suit Lenders in: Michigan.

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