Low Mortgage Rates - MI
To learn about low mortgage rate loans in Michigan, contact the local housing finance agency:
Michigan State Housing Development Authority
735 East Michigan Avenue, P.O. Box 30044, Lansing, MI, 48909
(517) 373-6022
Website: http://www.michigan.gov/mshda
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MI Mortgage Regulator
For questions or concerns regarding a mortgage lender in Michigan, contact the local regulator:
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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Rate History: Michigan Mortgage Rates - 1985
Think today's mortgage rates are too high? Let's take a look back to the year 1985. 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 11.26%, and got as high as 13.2%.
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