Michigan

Today's Michigan (MI) Mortgage Rates

Michigan (MI) Mortgage Rates & Mortgage Loan Data – Prior Year

  • Loan originated: 2,129,358
  • Application denied by financial institution: 854,746
  • Loan purchased by the institution: 800,572
  • Application withdrawn by applicant: 338,350
  • Application approved but not accepted: 198,155
  • File closed for incompleteness: 132,972
  • Preapproval request denied by financial institution: 418
  • Preapproval request approved but not accepted: 105

  • Refinancing: 2,658,200
  • Home purchase: 1,510,287
  • Home improvement: 286,189

  • Conventional: 3,443,471
  • FHA-insured: 807,028
  • VA-guaranteed: 103,901
  • FSA/RHS-guaranteed: 100,276

  • White: 3,329,889
  • Information not provided by applicant in mail, Internet, or telephone application: 396,252
  • Not applicable: 349,816
  • Black or African American: 259,546
  • Asian: 93,811
  • American Indian or Alaska Native: 18,391
  • Native Hawaiian or Other Pacific Islander: 6,971

  • Not Hispanic or Latino: 3,619,116
  • Information not provided by applicant in mail, Internet, or telephone application: 397,711
  • Not applicable: 351,430
  • Hispanic or Latino: 86,419

  • Male: 2,737,775
  • Female: 1,141,938
  • Not applicable: 350,247
  • Information not provided by applicant in mail, Internet, or telephone application: 224,716

  • Department of Housing and Urban Development: 1,109,059
  • Consumer Financial Protection Bureau: 1,037,480
  • Office of the Comptroller of the Currency: 749,380
  • Federal Reserve System: 599,408
  • National Credit Union Administration: 395,204
  • Federal Deposit Insurance Corporation: 291,103
  • Office of Thrift Supervision: 273,042

  • Oakland County: 689,936
  • Wayne County: 627,664
  • Macomb County: 409,069
  • Kent County: 326,087
  • Washtenaw County: 173,454
  • Genesee County: 171,431
  • Ottawa County: 150,296
  • Livingston County: 119,072
  • Ingham County: 118,343
  • Kalamazoo County: 115,510
  • Berrien County: 80,044
  • Muskegon County: 79,687
  • St. Clair County: 75,876
  • Saginaw County: 73,768
  • Jackson County: 72,151
  • Monroe County: 71,053
  • Allegan County: 62,313
  • Calhoun County: 54,634
  • Eaton County: 54,026
  • Bay County: 45,868
  • Lenawee County: 43,612
  • Lapeer County: 43,421
  • Clinton County: 41,124
  • Grand Traverse County: 38,559
  • Midland County: 38,177
  • Van Buren County: 37,406
  • Barry County: 32,691
  • Shiawassee County: 31,311
  • Ionia County: 27,674
  • Montcalm County: 27,413
  • Cass County: 25,236
  • St. Joseph County: 24,033
  • Newaygo County: 22,074
  • Tuscola County: 19,509
  • Hillsdale County: 19,061
  • Marquette County: 18,215
  • Isabella County: 18,207
  • Emmet County: 17,449
  • Mecosta County: 16,301
  • Branch County: 15,610
  • Charlevoix County: 14,048
  • Roscommon County: 13,870
  • Sanilac County: 13,726
  • Gratiot County: 13,274
  • Gladwin County: 12,532
  • Clare County: 12,413
  • Unknown: 12,296
  • Antrim County: 12,172
  • Wexford County: 12,102
  • Leelanau County: 11,998
  • Otsego County: 11,961
  • Huron County: 11,119
  • Oceana County: 11,036
  • Mason County: 9,384
  • Iosco County: 9,188
  • Cheboygan County: 9,102
  • Osceola County: 8,224
  • Benzie County: 7,920
  • Menominee County: 7,734
  • Ogemaw County: 7,396
  • Alpena County: 7,082
  • Houghton County: 6,881
  • Crawford County: 6,818
  • Kalkaska County: 6,724
  • Manistee County: 6,647
  • Chippewa County: 6,467
  • Arenac County: 6,189
  • Missaukee County: 5,939
  • Delta County: 5,131
  • Gogebic County: 4,765
  • Lake County: 4,645
  • Presque Isle County: 4,591
  • Dickinson County: 4,518
  • Iron County: 4,497
  • Montmorency County: 4,486
  • Alcona County: 3,923
  • Mackinac County: 3,406
  • Oscoda County: 3,177
  • Alger County: 2,681
  • Schoolcraft County: 2,189
  • Baraga County: 1,544
  • Luce County: 1,489
  • Ontonagon County: 1,260
  • Keweenaw County: 767

  • Warren, Troy, Farmington Hills – MI: 1,336,057
  • Unknown: 722,564
  • Detroit, Livonia, Dearborn – MI: 529,947
  • Grand Rapids, Wyoming – MI: 430,124
  • Lansing, East Lansing – MI: 213,080
  • Ann Arbor – MI: 173,269
  • Flint – MI: 170,710
  • Kalamazoo, Portage – MI: 152,343
  • Holland, Grand Haven – MI: 123,693
  • Detroit, Dearborn, Livonia – MI: 97,287
  • Niles, Benton Harbor – MI: 79,870
  • Jackson – MI: 71,619
  • Monroe – MI: 70,870
  • Muskegon, Norton Shores – MI: 65,619
  • Saginaw, Saginaw Township North – MI: 60,457
  • Battle Creek – MI: 54,443
  • Bay City – MI: 45,364
  • South Bend, Mishawaka – IN, MI: 25,144
  • Muskegon – MI: 13,755
  • Saginaw – MI: 12,059
  • Midland – MI: 6,402

  • Unknown: 3,826,510
  • Collateral: 188,737
  • Credit history: 150,240
  • Debt-to-income ratio: 107,367
  • Credit application incomplete: 73,408
  • Other: 64,352
  • Unverifiable information: 22,983
  • Insufficient cash (downpayment, closing costs): 12,795
  • Employment history: 6,989
  • Mortgage insurance denied: 1,295

  • Not a HOEPA loan: 4,452,279
  • HOEPA loan: 2,397

  • Secured by a first lien: 3,336,252
  • Not applicable: 800,572
  • Secured by a subordinate lien: 210,003
  • Not secured by a lien: 107,849

  • Owner-occupied as a principal dwelling: 4,093,979
  • Not owner-occupied as a principal dwelling: 349,915
  • Not applicable: 10,782

  • One-to-four family dwelling (other than manufactured housing): 4,343,624
  • Manufactured housing: 105,822
  • Multifamily dwelling: 5,230

  • Loan was not originated or was not sold in calendar year covered by register: 2,283,405
  • Fannie Mae (FNMA): 613,178
  • Freddie Mac (FHLMC): 405,003
  • Affiliate institution: 334,984
  • Ginnie Mae (GNMA): 325,099
  • Other type of purchaser: 178,727
  • Commercial bank, savings bank or savings association: 150,273
  • Life insurance company, credit union, mortgage bank, or finance company: 130,459
  • Private securitization: 33,498
  • Farmer Mac (FAMC): 50