Michigan Mortgage Rates

Fixed-Rate Mortgage

Available for terms up to 30 years. The main benefit of a fixed-rate mortgage is that your monthly payment won’t change over the life of your loan. But if it makes sense to change your rate, you can always refinance with Hall Financial.

TERM RATE POINTS PAYMENT
30 Year 6.835% 2 $1,570
20 Year 6.613% 2 $1,805
15 Year 5.790% 2 $1,998
10 Year 5.658% 2 $2,623
The payment is based on a conventional loan amount of $240,000 and consists of principal and interest. Total loan costs including points equals $8,500. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rates are as of May 17, 2025.


For the lowest Michigan Mortgage Rates and exclusive pricing, click below to get started.



Get the Inside Scoop on Michigan Mortgage Rates (And Land the Best Deal for Your Home Goals)

Let’s cut to the chase: you want the best possible rate on your Michigan mortgage, right? But it’s about more than just the number you see online. Hall Financial understands getting you the right loan is as important as the rate itself.

Table of Contents

Why Michigan Homeowners Choose Us for the Lowest Rates (and the Best Experience)

We’re not just a rate-quoting machine. Here’s why we’re different:

  • We know this market: Michigan has its own trends and quirks – we help you use that knowledge to your advantage.
  • Personalized is better: Your credit score, down payment, even your long-term goals matter! We match rates with the perfect loan type for YOU.
  • Honesty is key: If another lender’s offering a suspiciously low rate, we’ll uncover the hidden fees or downsides they’re not telling you about.
  • Speed matters: Rates change fast! We’ll lock in the best deal for you, then hustle to close the loan before things shift.
  • We fight for YOU: The lowest rate doesn’t happen by magic. Our team negotiates tirelessly and knows those details that save you money long-term.

The Secret to Scoring the Best Michigan Mortgage Rate

It’s a combo of several things:

  • Your credit score: The higher, the better. Even small improvements here can make a big difference.
  • Loan type: FHA, conventional, jumbo…they all have different rate ranges. We help you find the perfect fit.
  • Market timing: Rates go up and down. We’ll advise on whether to jump now or strategically wait.
  • Your down payment: Generally, the more you put down, the better rate you’ll qualify for.
  • The lender you choose: Don’t be fooled by flashy ads! We shop around to make sure you’re truly getting the best deal.

Beyond the Rate: Is it the RIGHT Mortgage for Your Michigan Life?

The lowest rate doesn’t matter if the loan itself is a bad fit. We look at the big picture:

  • Can you truly afford it? We’ll break down the true monthly cost, so there are no surprises.
  • Flexibility for the future: Adjustable-rates are tempting, but risky. We make sure your loan supports your goals long-term.
  • Pre-approvals that carry weight: When you’re backed by Hall Financial, your offer gets serious attention from sellers.

Ready to Find YOUR Perfect Michigan Mortgage Rate?

It starts with a free 5-minute mortgage review. Tell us about your goals, and we’ll give you:

  • A clear rate picture: Based on your unique situation, not generic calculators.
  • Guidance on timing: Should you lock in now, or wait strategically?
  • A plan to get the BEST deal: Whether it’s boosting your credit or finding the perfect loan program.

Let’s make your Michigan homeownership dreams happen – with a mortgage that’s as smart as it is affordable!

Additional Resources

Michigan First Time Home Buyer Tips

Have you been thinking about becoming a first-time home buyer in the state of Michigan? It’s no surprise, given the state’s beautiful landscapes. Whether building a financial portfolio or a future for the family – click here to read some points to consider if you’re in the market as first-time home buyer!

Michigan Mortgage Pre-Approval

A pre-approval from Hall Financial stands out to realtors and sellers. Our 5-STAR service is available 7-days a week to help set you up for success with a same-day Hall Financial 5-STAR Certified Pre-Approval, meaning we’ll get you on the pathway to owning your dream home faster than the competition.