Compare today's average mortgage rates in the state of Michigan. Bankrate aggregates mortgage rates from multiple sources to provide averages for Michigan.

Michigan Mortgage Rates Monday, December 9
Loan Term Interest Rate Change 1 Day Rate Last Week
30-year fixed mortgage rate 3.76% 0.06% 3.82%
15-year fixed mortgage rate 3.22% -- 0.00% 3.22%
5/1 ARM mortgage rate 4.07% 0.08% 3.99%
30-year fixed jumbo mortgage rate 3.93% -- 0.00% 3.93%
30-year fixed refinance rate 3.76% 0.09% 3.85%
Today's 30-year fixed rate:
3.76 %

Current rates in Michigan are 3.76% for a 30-year fixed, 3.22% for a 15-year fixed, and 4.07% 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