Quick answer
Freddie Mac does not publish a separate Michigan rate; the latest national averages, which Michigan lenders price from, are 7.40% for a 30-year fixed and 6.71% for a 15-year fixed (week of 2026-10-15). Individual quotes in Michigan vary with credit score, down payment, points and loan type.
Data as of 2026-10-15. Source: Freddie Mac PMMS via FRED
| Week | 30-yr fixed (US avg) | 15-yr fixed (US avg) |
|---|---|---|
| 2026-10-15 | 7.40% | 6.71% |
| 2026-10-08 | 7.40% | 6.73% |
| 2026-10-01 | 7.28% | 6.60% |
| 2026-09-24 | 7.03% | 6.42% |
| 2026-09-17 | 6.95% | 6.26% |
| 2026-09-10 | 6.76% | 6.09% |
| 2026-09-03 | 6.71% | 6.04% |
| 2026-08-27 | 6.66% | 5.98% |
| 2026-08-20 | 6.65% | 5.95% |
| 2026-08-13 | 6.67% | 5.96% |
| 2026-08-06 | 6.69% | 6.01% |
| 2026-07-30 | 6.66% | 6.04% |
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Last updated 2026-10-16. Data only, not financial or tax advice.