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Market Data Center » Michigan Mortgage Rates
National Average Mortgage Rates
  Rate Points Change
30 Yr. Fixed 4.53% 0.40 0.01%
15 Yr. Fixed 4.02% 0.40 0.03%
1 Yr. ARM 2.68% 0.20 0.01%
5/1 Yr. ARM 3.86% 0.30 0.12%
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
Sr. Loan Officer, American Portfolio Mortgage Corporation
Sr Loan Officer, American Portfolio Mortgage Corporation
VP of Mortgage Lending - NMLS #163813
Regional Vice President- Internet Lending, Northpointe Bank
President, The Dispute Center
Mortgage Loan Originator, CoVantage Credit Union
Loan Officer, Heartland Home Mortgage, LLC
Mortgage Loan Officer, Bank of Ann Arbor
Founder, Lender Insider
Mortgage Consultant, Treadstone Funding
Mortgage Loan Originator, AAA Banking/Auto Club Trust, FSB
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.64%
  • |
  • 15 Yr FRM 4.13%
  • |
  • Jumbo 30 Year Fixed 4.54%
MBS Prices:
  • 30YR FNMA 4.5 104-01 (-0-01)
  • |
  • 30YR FNMA 5.0 105-23 (-0-01)
  • |
  • 30YR FNMA 5.5 106-29 (-0-02)
Recent Housing Data:
  • Mortgage Apps -2.60%
  • |
  • Refinance Index -3.69%
  • |
  • Purchase Index -1.98%