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Market Data Center » Michigan Mortgage Rates
National Average Mortgage Rates
  Rate Points Change
30 Yr. Fixed 3.75% 0.60 0.06%
15 Yr. Fixed 3.20% 0.50 0.07%
1 Yr. ARM 2.68% 0.20 0.01%
5/1 Yr. ARM 3.44% 0.40 0.05%
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  
, mikepaige
Founder, Lender Insider
Sr Loan Officer, American Portfolio Mortgage Corporation
Mortgage Consultant, Treadstone Funding
Mortgage Banker, Level One Bank
Originator / LO, Victory Home Loans
Sr. Loan Officer, American Portfolio Mortgage Corporation
Mortgage Loan Officer, Bank of Ann Arbor
Regional Vice President- Internet Lending, Northpointe Bank
Loan Officer, Heartland Home Mortgage, LLC
Mortgage Loan Originator, CoVantage Credit Union
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.78%
  • |
  • 15 Yr FRM 3.44%
  • |
  • Jumbo 30 Year Fixed 3.87%
MBS Prices:
  • 30YR FNMA 4.5 105-04 (-0-01)
  • |
  • 30YR FNMA 5.0 106-29 (0-00)
  • |
  • 30YR FNMA 5.5 107-24 (-0-02)
Recent Housing Data:
  • Mortgage Apps 0.64%
  • |
  • Refinance Index -0.52%
  • |
  • Purchase Index 2.28%