Compare today's average mortgage rates in the state of Michigan. Bankrate aggregates mortgage rates from multiple sources to provide averages for Michigan.
| Loan Term | Interest Rate | Change 1 Day | Rate Last Week |
|---|---|---|---|
| 30-year fixed mortgage rate | 4.23% | 0.13% | 4.36% |
| 15-year fixed mortgage rate | 3.57% | 0.06% | 3.63% |
| 5/1 ARM mortgage rate | 4.02% | 0.04% | 4.06% |
| 30-year fixed jumbo mortgage rate | 4.32% | 0.03% | 4.35% |
| 30-year fixed refinance rate | 4.21% | 0.13% | 4.34% |
Today's 30-year fixed rate:
4.23 %Current rates in Michigan are 4.23% for a 30-year fixed, 3.57% for a 15-year fixed, and 4.02% for a 5/1 adjustable-rate mortgage (ARM).
Learn more about today's mortgage rates.
Compare and lock-in current mortgage rate quotes in Michigan from multiple lenders. Bankrate provides real-time rates with APR for 30-year fixed, 15-year fixed and more. For more information and reviews on Bankrate's best mortgage lenders, check out our top lenders page