Our Michigan estimate for the 30-year fixed is 6.78% this week, up 0.05 points from last Thursday. The 15-year estimate is 6.02% and FHA sits at 6.44%.
Where rates sit
| Loan type | Rate | APR | Weekly change |
|---|---|---|---|
| 30-Year Fixed | 6.78% | 6.85% | +0.05 |
| 15-Year Fixed | 6.02% | 6.11% | +0.05 |
| FHA 30-Year | 6.44% | 7.21% | +0.05 |
| VA 30-Year | 6.34% | 6.53% | +0.05 |
Freddie Mac’s PMMS put the national 30-year at 6.76% and the 15-year at 6.09% for the week. Our Michigan figures are built on that benchmark, so they move with it by design. They are not a separate reading of what Michigan lenders quoted.
The Michigan angle
What the move means on a Flint home. On Flint’s $70,000 median with 10% down, a 30-year at 6.78% puts principal and interest at $410/month, about $2 more than at last week’s 6.73%. Property tax (Genesee County, ~1.6%) and insurance come on top; the Flint page has the full estimate.
Lock or float?
Locking versus floating comes down to your timeline: inside 45 days, the case for locking is stronger; past that, you’re betting on the next inflation print.
Rate data: Michigan estimates for the week ending September 10, built on Freddie Mac PMMS (6.76% 30-year, 6.09% 15-year).
These are benchmark figures, not lender quotes. Where they come from.