Michigan Mortgage Rates are some of the lowest rates that we have had in years. One bank has a one year ARM that is under 4%. That is an amazing number, but the biggest problem with a loan like that is you will incur 2 sets of closing costs within 1 year. This could offset any amount of savings.

The best Michigan Mortgage Rates right now are on 5 year ARMs. Todays 5 year ARMs rate is 6%. This is for a cash out mortgage. If you are doing just refinancing for a better rate the rates will be better than 6%.

For your personal Michigan Mortgage Rate Quote follow the link, or you contact me directly.