Michigan Mortgage Rates
Mortgage Rates as on 02 May 2024 in Michigan
| Mortgage Type | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|---|---|
| Fixed | - | - | 6.875 | 6.875 | 6.875 | 7.125 |
| Fixed APR | - | - | 7.229 | 7.128 | 7.111 | 7.306 |
| Adjustable | 8 | 7.875 | - | - | - | |
| Adjustable APR | 8.184 | 8.147 | - | - | - | |
| Jumbo | - | - | - | 7.125 | 7.375 | 7.375 |
| Jumbo APR | - | - | - | 7.396 | 7.611 | 7.529 |
| FHA | - | - | - | 7.25 | - | 7 |
| FHA APR | - | - | - | 9.045 | - | 7.916 |
| VA | - | - | - | 7.25 | - | 6.75 |
| VA APR | - | - | - | 8.674 | - | 7.129 |
Michigan Mortgage Rates Updated on 02 May 2024
Michigan Mortgage Rates Explained :
Michigan Fixed Mortgage Rate :
In Michigan State Fixed (Conventional) rate mortgage, the interest rate is fixed and won't change for the life of that home loan.
In Michigan State Fixed (Conventional) rate mortgage, the interest rate is fixed and won't change for the life of that home loan.
Michigan ARM Rate :
In Michigan State Adjustable rate mortgage (ARM), the interest rate on the outstanding balance varies throughout the life of the loan at yearly or even monthly intervals.
In Michigan State Adjustable rate mortgage (ARM), the interest rate on the outstanding balance varies throughout the life of the loan at yearly or even monthly intervals.
Michigan Jumbo Jumbo Mortgage Rate :
A Michigan jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
A Michigan jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
Michigan FHA Mortgage Rate :
In Michigan State, Federal Housing Administration (FHA) loans are federally-backed mortgages designed for low-to-moderate-income borrowers.
In Michigan State, Federal Housing Administration (FHA) loans are federally-backed mortgages designed for low-to-moderate-income borrowers.
Michigan VA Mortgage Rate :
In Michigan State, The VA loan is a $0 down mortgage available to Veterans, Service Members and select military spouses and guaranteed by the U.S. Department of Veterans Affairs (VA).
In Michigan State, The VA loan is a $0 down mortgage available to Veterans, Service Members and select military spouses and guaranteed by the U.S. Department of Veterans Affairs (VA).
Michigan APR :
In Michigan State, Annual Percentage Rate (APR) is yearly cost of your loan, including any fees or costs in addition to the actual interest.
In Michigan State, Annual Percentage Rate (APR) is yearly cost of your loan, including any fees or costs in addition to the actual interest.
About Michigan Mortgage Rates
Michigan Mortgage Rates. Home Mortgage Rates Today in Michigan
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Check Mortgage Rates in Michigan. Best Mortgage Rates acquired from multiple options in Michigan. Completely Secure & Total Privacy without any Email or Data Collection.