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Michigan Mortgage Rates

Time Range: 3m 6m

30-Year-FRM
15-Year-FRM
30-Year-5-1-ARM

Mortgage Rates for Mar. 07 - 14 , 2019*

ProductInterest RatePointsNational Average
30 Year Fixed Rate Mortgage4.31%0.404.31%
15 Year Fixed Rate Mortgage3.76%0.403.76%
30 Year 5/1 ARM3.84%0.303.84%
*weekly rolling averages

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9/1810/1811/1812/181/192/193/19
30-Year-FRM4.694.834.874.644.464.374.36
15-Year-FRM4.144.254.284.093.913.803.80
30-Year-5-1-ARM3.954.084.114.023.913.873.86
Source: Freddie Mac

Current Mortgage Rates in Michigan

 
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  • Fixed FHA, VA, Conventional 30 & 15 Year Rates
www.mortgage-rates.freerateupdate.com

Mortgage Refinance rates in Michigan

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5.125% Rate

30 Yr. Fixed

5.208% APR

$848 / month (est)

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Updated 3/20/2019

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Mortgage Trends in Michigan

Popular Property Types
 

Single-Family Homes

90.5%
*Single-Family Homes make up 90.5% of purchased or refinanced homes
 

Condominiums

8.9%
*Condominiums make up 8.9% of purchased or refinanced homes
 

PUD Homes

0.5%
*PUD or Planned Unit Development homes make up 0.5% of purchased or refinanced homes
 

Townhomes

0.1%
*Townhomes make up 0.1% of purchased or refinanced homes

Average Property Value

Average Annual Property Taxes

Average Mortgage Balance

Data source: CoreLogic

Popular Mortgage and Refinance Types

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Type of Loan
Mortgage Refinance
Home Equity Loan or Line
Debt Consolidation
New Home Loan
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