Current Michigan Mortgage Rates
Average market rates for December 03, 2025 in Michigan are 6.25% for 30-year fixed purchase and 6.34% for 30-year fixed refinance
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.25% | 6.28% |
| 30-year Fixed Refinance | 6.34% | 6.36% |
Rates based on market averages as of Dec 02, 2025.Mortgage Rate Trends in Michigan
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.25% | 6.28% |
| 30-year Fixed Refinance | 6.34% | 6.36% |
Rates based on market averages as of Dec 02, 2025.Michigan Purchase Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Purchase | 5.38% | 5.43% |
| 15-year Fixed Jumbo Purchase | 6.21% | 6.24% |
| 30-year Fixed Purchase | 6.25% | 6.28% |
| 30-year Fixed Jumbo Purchase | 6.86% | 6.88% |
Rates based on market averages as of Dec 02, 2025.Michigan Refinance Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Refinance | 5.37% | 5.41% |
| 15-year Fixed Jumbo Refinance | 6.18% | 6.21% |
| 30-year Fixed Refinance | 6.34% | 6.36% |
| 30-year Fixed Jumbo Refinance | 6.86% | 6.88% |
Rates based on market averages as of Dec 02, 2025.Michigan ARM Rates
| Product | Rate | APR |
|---|
| 5/6 Arm (purchase) | 6.04% | 6.08% |
| 5/6 Arm (refinance) | 6.07% | 6.09% |
| 5/6 Jumbo Arm (purchase) | 5.87% | 5.88% |
| 5/6 Jumbo Arm (refinance) | 5.91% | 5.92% |
Rates based on market averages as of Dec 02, 2025.How we source rates and rate trends
×
Rate data in the charts and tables above comes from
RateUpdate.com.
The displayed rates come from multiple providers and represent market averages. Your mortgage rate will differ
based on individual factors like your credit score as well as differing loan types and terms offered by lenders.
Most Common Mortgage Types in Michigan
- Conventional: 95,672 loans
- FHA: 17,778 loans
- USDA: 1,734 loans
- VA: 5,845 loans
Top Purchase Lenders in Michigan by Volume
- Rocket Mortgage, LLC: 9,619 loans
- Lake Michigan Credit Union: 6,998 loans
- Mortgage 1 Incorporated: 4,260 loans
- Flagstar Bank, Fsb: 3,299 loans
- The Huntington National Bank: 3,269 loans
- JPMorgan Chase Bank: 2,239 loans
- Caliber Home Loans, Inc.: 2,198 loans
- Independent Bank: 2,108 loans
- Triad Financial Services, Inc.: 2,096 loans
- Crosscountry Mortgage, LLC: 2,020 loans
Top Refinance Lenders in Michigan by Volume
- Fifth Third Bank: 3,771 loans
- Rocket Mortgage, LLC: 2,368 loans
- Lake Michigan Credit Union: 1,587 loans
- The Huntington National Bank: 1,559 loans
- PNC Bank: 1,555 loans
- Citizens Bank: 1,210 loans
- Consumers Credit Union: 982 loans
- JPMorgan Chase Bank: 851 loans
- Flagstar Bank, Fsb: 760 loans
- Comerica Bank: 610 loans
Top Cash-Out Refinance Lenders in Michigan by Volume
- Rocket Mortgage, LLC: 11,000 loans
- The Huntington National Bank: 3,252 loans
- Nationstar Mortgage LLC: 1,621 loans
- Flagstar Bank, Fsb: 1,196 loans
- JPMorgan Chase Bank: 1,145 loans
- Loandepot.com, LLC: 1,057 loans
- Mortgage Center L.c: 835 loans
- Lake Michigan Credit Union: 824 loans
- Michigan Schools And Government: 784 loans
- Freedom Mortgage Corporation: 779 loans
How we source lender data
Meet the Author
The Refi.com team is compiled of journalists, editors, and mortgage industry professionals to ensure you have the most accurate information on mortgage refinancing.
