Best Mortgage Rates In Detroit: 30-year, fixed-rate loans starting at 3.75%
Here are my selections for the best deals on home loans in the Detroit area -- ones with the most favorable combination of low mortgage rates and reasonable fees.
These offers require you to pay no points and loan origination fees of less than $2,000 -- exactly what anyone trying to buy or refinance a home should be looking for to control their up-front costs and keep monthly payments low.
Compare my picks with the best rates from other banks and finance companies in our database.
Our research provides real-time, accurate data on loans in Detroit, across Michigan and throughout the country.
See if you can beat these deals.
Detroit Mortgage Rates
|Lender||30 year fixed||15 year fixed||5 year ARM|
|Arbor Mortgage||4.500%||3.750%||N/A||Comerica Bank||4.125%||3.460%||2.960%|
Remember that rates change daily.
These quotes are from the end of the business day on Oct. 7, 2011, to borrow $210,000 for the purchase of a home with a 20% down payment.