Today’s Mortgage Rates in Michigan<\/h2>\n
Michigan\u2019s average APR on a 30-year mortgage dropped 0.052 points to 6.269% over the past week, according to data from the Mortgage Research Center. The rate is down 0.565 points over the last 90 days and down 0.261 points over the last 30 days.<\/p>\n
The state\u2019s average APR for the benchmark 15-year fixed mortgage increased 0.026 points to 5.289% over the past week. Over the last 90 days, the rate is down 0.569 points; it\u2019s down 0.241 points over the last 30 days.<\/p>\n
The average APR for a 30-year jumbo mortgage climbed 0.118 points to 6.715% since last week. It\u2019s down 0.403 points over the last 90 days and up 0.027 points over the last 30 days.<\/p>\n
![\"Mortgage](\"http:\/\/www.capitalskips.com\/wp-content\/uploads\/2025\/09\/full-18.png\")
<\/img><\/div>\n30-year fixed-rate mortgage:<\/strong><\/p>\n 15-year fixed-rate mortgage:<\/strong><\/p>\n 30-year fixed-rate jumbo mortgage:<\/strong><\/p>\n Michigan’s average APR for the benchmark 30-year fixed refinance mortgage decreased 0.033 points to 6.365% compared to a week ago. The rate is down 0.541 points over the last 90 days and down 0.225 points over the last 30 days.<\/p>\n The average APR in the state on a 15-year refinanced mortgage climbed 0.023 points to 5.269% weekly. Over the last 90 days, the rate is down 0.577 points over the last 90 days; it\u2019s down 0.257 points over the last 30 days.<\/p>\n For jumbo 30-year refinanced mortgages, the average APR climbed 0.122 points to 6.757% week-to-week. It\u2019s down 0.432 points over the last 90 days and up 0.055 points over the last 30 days.<\/p>\n 30-year fixed-rate refinance mortgage:<\/strong><\/p>\n 15-year fixed-rate refinance mortgage:<\/strong><\/p>\n 30-year fixed-rate jumbo refinance mortgage:<\/strong><\/p>\n Understanding the patterns and changes in Michigan mortgage interest rates over time can empower you to make informed decisions about financing when purchasing a new home, refinancing or shopping for a second mortgage. Depending on your qualifications, analyzing Michigan mortgage rate trends may help you save over the life of the loan.<\/p>\n Mortgage rates in Michigan have trended downward over the last three months, as have national rates.<\/p>\n Although state mortgage rates generally follow changes in the national average, they do vary by state.<\/p>\n Today’s average mortgage rate in Michigan is 6.269%, while the national average rate is 6.275%. That’s -0.006 percentage points lower than the national average.<\/p>\n Michigan’s mortgage refinance rate today is 6.365% versus the national average of 6.371% \u2013 0.006 percentage points lower than the national average.<\/p>\n Use the chart below to explore the differences between states.<\/p>\n Buying a home in Michigan can be an exciting adventure. Michigan offers a unique and varied landscape, making it easy to find a house or neighborhood that meets your needs. Whether you want to be close to a bustling downtown or in a quiet rural area, knowing the local real estate market and home-buying process is important. No matter where you plan to move, familiarity with the local real estate market is essential. A local real estate agent can help you navigate the process and find the perfect home for your needs. Likewise, staying informed about the real estate market and local rules can simplify your home-buying journey.<\/p>\n Getting the best mortgage rates in Michigan requires planning and research. Interest rates and trends can vary widely across regions, so make sure you understand the current rates in your area. Then, shop around to compare offers from multiple lenders, like banks, credit unions and online mortgage providers.<\/p>\n Maintaining a strong credit score and having a stable financial history can help you qualify for more competitive rates. Likewise, providing a down payment of at least 20% can lower your monthly payments and eliminate the need for private mortgage insurance (PMI). A local mortgage broker or financial advisor who knows the Michigan market can help you navigate the home-buying process more efficiently. By staying informed and proactive, you can find a mortgage rate that best fits your financial situation and home-buying goals.<\/p>\n \n<\/div>\n\n
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Today\u2019s Refinance Rates in Michigan<\/h2>\n
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Michigan Mortgage Rate Trends<\/h2>\n
![\"Michigan](\"http:\/\/www.capitalskips.com\/wp-content\/uploads\/2025\/09\/full-22.png\")
<\/img><\/div>\nMichigan Mortgage Rates vs. National Mortgage Rates<\/strong><\/h3>\n
![\"\"](\"http:\/\/www.capitalskips.com\/wp-content\/uploads\/2025\/09\/full-3.png\")
<\/img><\/div>\nBuying a House in Michigan<\/h2>\n
How to Get the Best Mortgage Rates in Michigan<\/h2>\n
Find the Best Mortgage Lenders of 2025<\/h2>\n