Compare Today's Mortgage Rates in Warren, Michigan

Adjust the graph below to see historical mortgage rates tailored to your loan program, credit score, down payment and location.

Mortgage options in Michigan

Loan programs and rates can vary by state. To set yourself up for success and help you figure out how much you can afford, get pre-qualified by a licensed Michigan lender before you start your home search. Also check Michigan rates daily before acquiring a loan to ensure you’re getting the lowest possible rate.

If you already have a mortgage and are considering a refinance, get customized rates for your unique circumstances. The APRs on this page are for purchasing mortgages, which are typically similar to refinance rates. Though, refinance rates can be higher.

A lot of lenders will require an appraisal during the mortgage process to determine the fair market value of a property. This ensures you’re not paying more for a home than it’s worth on a purchase transaction and verifies the amount of equity available on a refinance transaction. Home values are constantly changing depending on buyer demand and the local market. Typically, home values increase over time. Contact a Michigan lender to learn more about local requirements for mortgages.

Resources for First Time Home Buyers in MI

Mortgage Credit Certificate (MCC) Federal Tax Credit

This program helps make homeownership more affordable for first time home buyers (and repeat buyers many more) with a tax credit of 20% of their mortgage interest paid. Learn more

Step Forward Down Payment Assistance (DPA) Loan

This is federally-funded program that offers $15,000 in down payment assistance to first time home buyers and repeat buyers who use a MI Home Loan in select areas of Michigan. Learn more

MI Home Loan

This program offers loans with competitive interest rates for first-time home buyers (and repeat buyers in targeted areas such as Detroit, Battle Creek, Flint, Dearborn, Saginaw, East Lansing and many more) with low to moderate incomes, and may include up to $7500 in down payment assistance. Learn more

MI Home Loan Flex

This program offers loans for first time home buyers and repeat home buyers across the state with low to moderate incomes. Like the MI Home Loan, it may include up to $7500 in down payment assistance, but interest rates may be higher. Learn more

Michigan Mortgage Rates by City

Mortgage rates can vary by location, even at a city level. Use these links to find specific rates in your Michigan city.

• Ann Arbor Mortgage Rates
• Battle Creek Mortgage Rates
• Canton Mortgage Rates
• Clinton Mortgage Rates
• Dearborn Mortgage Rates
• Detroit Mortgage Rates
• Farmington Hills Mortgage Rates
• Flint Mortgage Rates
• Grand Rapids Mortgage Rates
• Holland Mortgage Rates
• Jackson Mortgage Rates
• Kalamazoo Mortgage Rates
• Lansing Mortgage Rates
• Livonia Mortgage Rates
• Macomb Mortgage Rates
• Saginaw Mortgage Rates
• Sterling Heights Mortgage Rates
• Troy Mortgage Rates
• Warren Mortgage Rates
• Westland Mortgage Rates

Mortgage resources