What are interest rates on houses right now?
Table of Contents
Current Mortgage and Refinance Rates
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 4.890% | 4.910% |
| 30-Year FHA Rate | 4.280% | 5.090% |
| 30-Year VA Rate | 4.390% | 4.590% |
| 30-Year Fixed Jumbo Rate | 4.900% | 4.910% |
What is the interest rate to buy a house in Michigan?
Conventional fixed-rate mortgages
| Term | Rate | APR |
|---|---|---|
| 30-year fixed | 4.99% | 5.066% |
| 20-year fixed | 4.875% | 4.978% |
| 15-year fixed | 3.99% | 4.118% |
| 10-year fixed | 3.875% | 4.059% |
What is the average mortgage payment in Michigan?
$753.00
States with the lowest average mortgage payment
| Lowest Average Mortgage Payment | ||
|---|---|---|
| State | Monthly Mortgage Payment* | Mortgage payment as a percentage of income |
| Michigan | $753.00 | 12.02% |
| Ohio | $764.00 | 12.24% |
| Kentucky | $765.00 | 11.02% |
What is the current mortgage rate in Michigan?
Today’s mortgage rates in Michigan are 2.998% for a 30-year fixed, 2.243% for a 15-year fixed, and 2.788% for a 5/1 adjustable-rate mortgage (ARM). Get your true budget and find a home with ease. Get matched with a top agent in your area. Figure out your estimated payments the easy way.
Who has the best home mortgage rates?
Higher Monthly Payments. Potential homebuyers should look to buy earlier in the year rather than later,to take advantage of lower rates.
Which bank has the best mortgage rates?
Platform, part of the Co-operative Bank, has this morning increased rates on some of its mortgages by up to 0.58 percentage points. Yesterday HSBC increased rates on certain fixed and variable-rate mortgages by 0.35 and 0.3 percentage points respectively.
What are the current home mortgage rates?
The average rate for a 15-year, fixed mortgage is 3.51%, which is an increase of 23 basis points compared to a week ago. Compared to a 30-year fixed mortgage, a 15-year fixed mortgage with the same loan value and interest rate will have a larger monthly payment.