Current 30 Year Fixed Mortgage Rates Michigan

Assumes today s average rate 30 year fixed 720 credit.

Current 30 year fixed mortgage rates michigan.

At present the mortgage rates in michigan for common loan types are. Current rates in michigan are 3 018 for a 30 year fixed 2 757 for a 15 year fixed and 3 086 for a 5 1 adjustable rate mortgage arm. Assumes today s average rate 15 year fixed 720 credit score 3 5 down or home equity and other common loan terms as seen here. 30 year fixed 15 year fixed 10 year fixed 5 1 year arm and etc.

The downside of this however is that the apr is higher compared to shorter term loans. Loans with less than 20 down payment may require private mortgage insurance. Rates and fees may vary and are based on credit history down payment property type and other factors associated with your loan application. 2 98 for a standard 30 year fixed loan 2 42 for a 15 year fixed loan and 2 98 if you are considering a 5 1 arm.

Use the search box below to change the mortgage product or the loan amount. Click the lender name to view more information. Rates based on a 30 day lock. Mortgage rates are updated daily.

In addition to conventional 30 year and 15 year fixed rate mortgages. Rates vary based on market conditions and are subject to intraday market changes. Learn more about today s mortgage rates. Michigan 30 year fixed mortgage rates 2020.

Current rates in michigan are 3 10 for a 30 year fixed 2 62 for a 15 year fixed and 3 41 for a 5 1 adjustable rate mortgage arm. The longer the life of the mortgage the lower the monthly payment will be which is why the 30 year loan is the most popular. Check out our other mortgage and refinance tools lenders. On saturday october 03 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050 with an apr of 3 360.