Ann Arbor mortgage rates have been down for 8 weeks now. They moved up about .25% 2 weeks ago and just came back down the last few days. We should have rates in this range through most of the 4th quarter. What a great time to make an Ann Arbor home purchase and take advantage of these low rates! We are matching the lows of the year right now. Your buying power is worth $10,000 to $50,000 more in your purchase price with these rates. You can also buy FHA with as little as 3.5% down and we have several conforming programs with 10% down.
*Rates are based on a mortgage of $200,000, 80% LTV, no points and a credit score of 740 or higher.
Please keep in mind that interest rates are subject to change without notice. The rates listed above are average rates and are presented to provide an illustrative perspective. To find out more about the current interest rates and how these low rates can affect you’re buying power, contact Charlie Chapell with United Bank & Trust today at 734-214-2728 or email@example.com.