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Market Data Center » Michigan Mortgage Rates
Average Rates for Michigan
  Today Yesterday Change
30 Yr FRM 4.08% 4.07% 0.01%
15 Yr FRM 3.30% 3.28% 0.02%
5/1 Yr ARM 3.21% 3.23% -0.03%
Updated: 2/19/18 3:13 PM
National Average Mortgage Rates
  Rate Points Change
30 Yr. Fixed 4.38% 0.60 0.06%
15 Yr. Fixed 3.84% 0.50 0.07%
1 Yr. ARM 2.68% 0.20 0.01%
5/1 Yr. ARM 3.63% 0.40 0.06%
Michigan Housing Statistics
Index Value MOM Change YOY Change
Home Value Index $99300 -0.4% -9.29%
Median Value per sq. ft. ($) $70 -1.41% -14.63%
Home For Sale 133427 2.18% 20.56%
Median List Price ($) $119900 -0.08% -4.08%
Median List Price per sq. ft. ($) $84 -0.75% -7.71%
Median Sale Price ($) $115000 -1.46% -10.86%
Median Sale Price per sq. ft. ($) $77 -0.76% -12.27%
Listings with Price Cut (%) 22.93% -2.24% -14.57%
Median Price Cut (%) 10.34% 0.29% -3.59%
Sold for loss(%) 25.89% 1.66% 4.32%
Median Days Listed 123 10.81% -0.81%
Homes Foreclosed (%) --- --- ---
Foreclosure Re-Sales (%) --- --- ---
Latest Rate Commentary
Michigan  
Mortgage Marketing & Consulting, Lender Insider
Sr Loan Officer, American Portfolio Mortgage Corporation
, mikepaige
Mortgage Consultant, Treadstone Funding
VP of Mortgage Lending - NMLS #163813
Mortgage Loan Originator, CoVantage Credit Union
Mortgage Banker, Level One Bank
Regional Vice President- Internet Lending, Northpointe Bank
Sr. Loan Officer, American Portfolio Mortgage Corporation
Originator / LO, Victory Home Loans
President, The Dispute Center
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.53%
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  • 15 Yr FRM 3.89%
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  • Jumbo 30 Year Fixed 4.53%
MBS Prices:
  • 30YR FNMA 4.5 104-25 (0-08)
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  • 30YR FNMA 5.0 106-16 (-0-01)
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  • 30YR FNMA 5.5 108-21 (0-07)
Recent Housing Data:
  • Mortgage Apps 3.27%
  • |
  • Refinance Index 5.05%
  • |
  • Purchase Index 1.43%