Home Refinance Loan Ratesin Michigan

Looking to refinance your existing mortgage loan? Use ERATE®'s rate chart 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 rate and pricing.

(Last Updated: 06/30/2025)
Lender
APR
Rate
Payment
Points
Fees
Loan Type
 Contact details
5.969% APR 5.875% Rate 30 day rate lock $1,893 Payment per month
0.765 Points$2,448 Points Fee
$3,458 Total Fees$1,010 Lender Fees
 7 Years ARM
6.469% APR 6.375% Rate 30 day rate lock $1,997 Payment per month
0.983 Points$3,146 Points Fee
$3,146 Total Fees$0 Lender Fees
 7 Years ARM
6.944% APR 6.750% Rate 45 day rate lock $2,076 Payment per month
1.000 Points$3,200 Points Fee
$6,400 Total Fees$3,200 Lender Fees
 7 Years ARM
7.009% APR 6.875% Rate 30 day rate lock $2,103 Payment per month
0.931 Points$2,979 Points Fee
$4,374 Total Fees$1,395 Lender Fees
 7 Years ARM
Refi from your sofa. It’s surprisingly simple.
We approve credit scores as low as 550 for VA and FHA refinancing
Use your VA Loan Benefit to get cash from your home equity
Discover multiple refinance options
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
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