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| Mortgage Rates: 1/26/2012 |
30 Year Fixed Rate | 3.98% |
15 Year Fixed Rate | 3.24% |
5 Year ARM Rate | 2.85% |
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MI Mortgage Rates - MI Regulator
For questions or concerns regarding a mortgage lender in Michigan, contact:
Michigan Office of Financial and Insurance Regulation
P.O. Box 30220, Lansing, MI, 48909
517-373-0220
Toll Free: 1-877-999-6442
Website: http://www.michigan.gov/dleg/0,1607,7-154-10555---,00.html
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A Bit of History: Michigan Mortgage Rates - 1981
Think today's mortgage rates are too high? Let's take a look back to the year 1981. According to Freddie Mac, one of the largest buyers of home loans, average rates on the 30 year fixed rate mortgage loan were as low as 14.9%, and got as high as 18.45%.
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