Mortgage Rate Update – Michigan Edition

family in front of their homeMortgage rates continue to remain near their all-time lows. Below is a snapshot for current Michigan mortgage rates pulled this morning from the mortgage rate research web site, ForTheBestRate.com. Please note that mortgage rates are subject to change without notice. Please visit the web site for quoting criteria and for the most up-to-date pricing information.

Current Michigan Refinance Rates (Rate and Term – 0 Points)

30 Year Mortgage Rates
Absolute Mortgage – 3.625% Note Rates, 3.703% APR, $1,899 Fees in APR
AimLoan.com – 3.625% Note Rates, 3.707% APR, $1,995 Fees in APR

20 Year Mortgage Rates
Absolute Mortgage – 3.375% Note Rates, 3.482% APR, $1,899 Fees in APR
AimLoan.com – 3.500% Note Rates, 3.613% APR, $1,995 Fees in APR

15 Year Mortgage Rates
Absolute Mortgage – 2.750% Note Rates, 2.886% APR, $1,899 Fees in APR
AimLoan.com – 3.000% Note Rates, 3.144% APR, $1,995 Fees in APR

5/1 ARM Rates
Absolute Mortgage – 2.250% Note Rates, 2.322% APR, $1,899 Fees in APR
AimLoan.com – 2.500% Note Rates, 2.576% APR, $1,995 Fees in APR

Last week’s Freddie Mac mortgage market survey showed that the US national 30 year fixed rate average was 3.87% with .8 points. The 15 year average was 3.16% with .7 points and the 5 year adjustable rate average was 2.83% with .7 points.

Disclosures

 

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