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Michigan Mortgage Rates today

Are you looking for a beautiful home in the Great Lake City or Michigan? If yes, you would be glad to know that Michigan first-time home buyer programs can help you with down payments and closing costs. In addition to this, you can compare mortgage rates in Michigan by multiple lenders to grab the best deal. All this is possible only with Total Mortgage!Total Mortgage is the largest purchase mortgage lender in Michigan, and we can help you secure the best mortgage interest rates to get into your dream home. Our expert team is well-versed in guiding through the myriad of financing alternatives in the state to customize an ideal solution for your distinct situation. Reach out today for more information.

If you have any questions about securing the best mortgage rates in Michigan, please contact us today. We are here to assist you in finding the mortgage rates that best suit your needs.

Compare today's mortgage rates for Michigan

The current mortgage rates in Michigan stand at 6.375% for a 30-year fixed mortgage and 5.625% for a 15-year fixed mortgage as of July 18 2024 12:30pm EST.

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5.625% RATE

6.374% APR

$2,965/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.375% RATE

6.847% APR

$2,246/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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5.750% RATE

6.811% APR

$2,287/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.000% RATE

7.469% APR

$2,158/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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5.750% RATE

6.382% APR

$2,127/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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Last updated - July 18 2024 12:30pm EST.
The table is updated twice every day with the current mortgage rates

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Today's Rates

Mortgage rates are volatile and subject to change without notice. All rates shown are for 30-day rate locks with two and a half points for a single family owner-occupied primary residence with 750 or higher FICO and 80 LTV over a 30-year loan term except where otherwise noted and are subject to mortgage approval with full documentation of income. The APR for a 30-year and 15-year conventional fixed-rate mortgage loans are calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, a $10 flood certification fee, and a $82 credit report fee.* 15-year conventional mortgage rates are calculated with a 15-year loan term.* The APR for jumbo mortgage rates is calculated using a loan amount of $500,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, $10 flood certification fee, and a $82 credit report fee.* The APR for FHA mortgage rates is calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, $10 flood certification fee, and a $82 credit report fee. Some rates and fees may vary by state.* The APR for adjustable rate mortgages (ARMs) is calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, $10 flood certification fee and a $82 credit report fee. Some rates and fees may vary by state. Products are subject to availability on a state-by-state basis. By refinancing your existing loan, your total finance charge may be higher over the life of the loan.