If you wish to settle in this great lake state, then you are in good company. Michigan has about 4.6 million housing units And according to the US Census Bureau, a 71% homeopathy rate, which is above the national average of 64% 2017 American Community Survey.
The state’s average housing price is $ 155,700, which falls below the national average of $ 217,600. Home prices can vary by region, however, with some counties having average home prices of up to $ 248,900.
What are the mortgage rates in Michigan?
House interest rates Range from 2.5% Service 3.75% In Minnesota.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
Rate of this week
Last week rate
|30-Year Fixed Rate Mortgage||2.92%||2.95%|
|15-Year Fixed Rate Mortgage||2.39%||2.45%|
|30-Year Fixed-Rate Jumbo Mortgage||2.95%||3.01%|
|5/1 Jumbo ARM||2.79%||2.81%|
* Rates till December 4, 2020
US News’ Best Michigan Mortgage Lender
Methodology: US News conducted an in-depth review of major direct mortgage lenders in Michigan. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +