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 | 3.93% | 0.06% | 3.99% |
| 15-year fixed mortgage rate | 3.24% | 0.02% | 3.26% |
| 5/1 ARM mortgage rate | 3.89% | 0.01% | 3.90% |
| 30-year fixed jumbo mortgage rate | 4.14% | 0.02% | 4.16% |
| 30-year fixed refinance rate | 3.92% | 0.05% | 3.97% |
Today's 30-year fixed rate:
3.93 %Current rates in Michigan are 3.93% for a 30-year fixed, 3.24% for a 15-year fixed, and 3.89% 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