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 Wednesday, April 1
Loan Term Interest Rate Change 1 Day Rate Last Week
30-year fixed mortgage rate 3.69% 0.13% 3.82%
15-year fixed mortgage rate 3.08% 0.24% 3.32%
5/1 ARM mortgage rate 3.66% -- 0.00% 3.66%
30-year fixed jumbo mortgage rate 3.96% 0.01% 3.95%
30-year fixed refinance rate 3.81% 0.01% 3.82%
Today's 30-year fixed rate:
3.69 %

Current rates in Michigan are 3.69% for a 30-year fixed, 3.08% for a 15-year fixed, and 3.66% 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