Michigan Mortgage Rates

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Home » Mortgage Rates By State » Mortgages Rates in Michigan

Michigan Mortgage Rates

Mortgage Rates

The Lowest Mortgage Rate: 30 Year-5.76%, 15 Year-5.39%

Michigan Mortgage Rates as of 08/27/08

PRODUCT	RATE		CHANGE
30 Year Fixed	5.97%		-0.01%
15 Year Fixed	5.59%		0.00%
30 Year Fixed Jumbo	6.79%		0.01%
15 Year Fixed Jumbo	6.42%		0.00%
5 Year Balloon	6.48%		0.00%
7 Year Balloon	6.83%		0.00%
1/1 ARM	5.74%		-0.01%
3/1 ARM	5.64%		-0.01%
5/1 ARM	5.62%		-0.03%
1/1 Jumbo ARM	6.09%		0.01%
3/1 Jumbo ARM	6.03%		0.05%
5/1 Jumbo ARM	6.20%		0.00%
FHA 30 Year Fixed	5.94%		-0.05%
FHA 1 Yr ARM	5.71%		0.13%
VA 30 Year Fixed	5.88%		-0.11%



Before applying for mortgage loans or mortgage refinance, you should always remember that Michigan state mortgage rates fluctuate on a daily basis. Therefore it is important to revisit this site often to obtain the latest mortgage rates for Michigan state before applying for a new mortgage or refinancing your current mortgage. Above you will find today's mortgage rates for the most popular mortgage products available in Michigan state. These rates are based on Michigan state mortgage companies poll for their mortgage products offers and are updated daily. These mortgage rates, as well as the list of Michigan mortgage companies with their current mortgage offerings, should give you a good starting point for your research.

Mortgage industry news

After the boom Everett Herald - MOUNTLAKE TERRACE - At the height of the nationwide home-buying boom, MILA Inc. hired hundreds of employees and saw its wholesale lending business expand by billions of dollars a year (full story)	Building permits slide 11% as housing market cools CBC News - The value of building permits fell almost 11 per cent in April to a five-month low as new housing demand pulled back from near record levels the month before, Statistics Canada said Tuesday (full story)
The Contrarian View, Why the Fed might hike Interest rates in June Safe Haven - Twenty four months ago, the Federal Reserve embarked on a long, but predictable road of lifting the federal funds rate, aiming to reach an unknown "neutral rate" a sweet spot that would p (full story)	Tri-Cities ranks low in foreclosures vs. other metro areas Kingsport Times-News - The Tri-Cities ranked 74th in foreclosures among the 100 largest metropolitan areas, according to RealtyTrac. That's below No. 4 Memphis, No. 31 Charlotte, No. 36 Nashville, No. (full story)

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8/27/2008 10:46 PM