Home Refinance Loan Rates in Michigan

Looking to refinance your existing mortgage loan? Use ERATE®'s rate chart below to compare today's top rates in Michigan and find a lender that's the best fit for you. We recommend that you reach out to at least 2 to 3 mortgage lenders for your refinance loan to ensure you get the best pricing and rate.

(Rates Last Updated: 02/21/2018)

Lender
APR
Rate
Payment
Points/Fees
Loan Type
Contact details
APR 4.560% Rate 4.500% 30 day rate lock Payment $1,267 per month
0.302 Points
$1,755 Lender Fees
Loan Type 30 Years Fixed
APR 4.558% Rate 4.500% 45 day rate lock Payment $1,267 per month
0.365 Points
$1,796 Lender Fees
Loan Type 30 Years Fixed
APR 4.298% Rate 4.250% 30 day rate lock Payment $1,230 per month
0.172 Points
$1,534 Lender Fees
Loan Type 30 Years Fixed
APR 5.040% Rate 4.990% 45 day rate lock Payment $1,341 per month
0.250 Points
$1,424 Lender Fees
Loan Type 30 Years Fixed
APR 5.040% Rate 4.990% 45 day rate lock Payment $1,341 per month
0.250 Points
$1,424 Lender Fees
Loan Type 30 Years Fixed
APR 3.998% Rate 3.875% 30 day rate lock Payment $1,834 per month
0.441 Points
$2,102 Lender Fees
Loan Type 15 Years Fixed
APR 4.074% Rate 4.000% 45 day rate lock Payment $1,850 per month
0.185 Points
$1,346 Lender Fees
Loan Type 15 Years Fixed
APR 3.713% Rate 3.625% 30 day rate lock Payment $1,803 per month
0.203 Points
$1,612 Lender Fees
Loan Type 15 Years Fixed
APR 3.896% Rate 3.750% 60 day rate lock Payment $1,819 per month
0.000 Points
$2,500 Lender Fees
Loan Type 15 Years Fixed
APR 4.478% Rate 4.375% 45 day rate lock Payment $1,897 per month
0.375 Points
$1,736 Lender Fees
Loan Type 15 Years Fixed
APR 4.478% Rate 4.375% 45 day rate lock Payment $1,897 per month
0.375 Points
$1,736 Lender Fees
Loan Type 15 Years Fixed
APR 4.195% Rate 4.125% 30 day rate lock Payment $1,212 per month
0.446 Points
$2,115 Lender Fees
Loan Type 5 Years ARM
APR 3.940% Rate 3.875% 45 day rate lock Payment $1,176 per month
0.472 Points
$2,064 Lender Fees
Loan Type 5 Years ARM
APR 3.570% Rate 3.500% 30 day rate lock Payment $1,123 per month
0.476 Points
$2,294 Lender Fees
Loan Type 5 Years ARM
APR 4.444% Rate 4.375% 30 day rate lock Payment $1,249 per month
0.194 Points
$2,031 Lender Fees
Loan Type 30 Years Fixed
APR 3.826% Rate 3.750% 30 day rate lock Payment $1,158 per month
0.312 Points
$2,326 Lender Fees
Loan Type 5 Years ARM
Updating Rates...
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.

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Keith Schemm's Daily Rate Summary

Mortgage Rates Rise and Treasury Prices Fall.
On Tuesday, Treasury bond yields and Mortgage interest rates rose slightly as the bond selling resumes due to intense supply comes to market from Treasury borrowings to fund government. Bonds lose value as interest rates rise with inflation expectations. Though Stocks have fallen some, prices are still lofty! Nervous investors mull economic signals and the impact of the Tax cut on economic growth potential. The 10 Yr. Treasury Note stood at a yield of 2.8896% and the 30 Yr. U.S. Treasury Bond yielding 3.1530%. 30 Year Mortgages according to Freddie Mac were around 4.38% for conforming and 4.88% for Jumbo products.

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