Michigan

Today's Michigan (MI) Mortgage Rates


eRates Mortgage
NMLS # 1071
State Lic # FR0016592
3.875% APR
3.875% RATE
0 Points
30 day lock
Fees: $0
Monthly Payment
$1,175.59

NEXT  

Citibank, N. A.
NMLS # 412915
State Lic # FR0016592
4.305% APR
4.250% RATE
0 Points
60 day lock
Fees: $1,640
Monthly Payment
$1,229.85

NEXT  

ConsumerDirect Mortgage, a division of First Bank
NMLS # 790396
State Lic # FR0016592
3.875% APR
3.875% RATE
0 Points
30 day lock
Fees: $0
Monthly Payment
$1,175.59

NEXT  
3.913% APR
3.875% RATE
0 Points
30 day lock
Fees: $1,150
Monthly Payment
$1,175.59

NEXT  

Ownium
NMLS # 121455
State Lic # FR0016592
3.875% APR
3.875% RATE
0 Points
30 day lock
Fees: $0
Monthly Payment
$1,175.59

NEXT  

Sebonic Financial
NMLS # 66247 Cardinal Financial
State Lic # FR0018734
3.694% APR
3.625% RATE
0 Points
30 day lock
Fees: $2,112
Monthly Payment
$1,140.13

NEXT  

Ally Bank
NMLS # 181005
State Lic # FR0018734
4.154% APR
4.125% RATE
0 Points
45 day lock
Fees: $865
Monthly Payment
$1,211.62

NEXT  

Flagstar Bank, FSB
State Lic # FR0018734
3.990% APR
3.990% RATE
0 Points
30 day lock
Fees: $0
Monthly Payment
$1,192.10

NEXT  

JG Wentworth Home Lending
NMLS # 2925
State Lic # FR0018737
4.135% APR
4.125% RATE
0 Points
45 day lock
Fees: $299
Monthly Payment
$1,211.62

NEXT  

Northpointe Bank
State Lic # FR0018737
3.751% APR
3.750% RATE
0 Points
30 day lock
Fees: $25
Monthly Payment
$1,157.79

NEXT  

QuickenLoans
NMLS # 3030
State Lic # FR0018737
4.397% APR
4.375% RATE
0 Points
30 day lock
Fees: $650
Monthly Payment
$1,248.21

NEXT  

Rates were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. APR and Payment examples shown do not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included.


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  • Application withdrawn by applicant: 338,350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