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 | 3.87% | 0.02% | 3.85% |
| 15-year fixed mortgage rate | 3.31% | 0.06% | 3.25% |
| 5/1 ARM mortgage rate | 4.13% | 0.07% | 4.06% |
| 30-year fixed jumbo mortgage rate | 4.18% | -- 0.00% | 4.18% |
| 30-year fixed refinance rate | 3.94% | 0.04% | 3.90% |
Today's 30-year fixed rate:
3.87 %Current rates in Michigan are 3.87% for a 30-year fixed, 3.31% for a 15-year fixed, and 4.13% 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