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Live Rates
30-Year Fixed6.625%-0.125|15-Year Fixed5.875%-0.063|30-Year FHA6.375%-0.125|30-Year VA6.125%-0.063|5/1 ARM6.125%0.000|7/1 ARM6.250%+0.063|30-Year Jumbo7.125%-0.188|15-Year Jumbo6.625%-0.125|CA Avg6.550%-0.080|TX Avg6.720%+0.050|FL Avg6.680%-0.030|NY Avg6.500%-0.100|PA Avg6.450%-0.050|IL Avg6.580%+0.020|OH Avg6.380%-0.070|GA Avg6.650%0.000|NC Avg6.520%-0.040|MI Avg6.480%-0.060|AZ Avg6.600%+0.030|WA Avg6.420%-0.090|30-Year Fixed6.625%-0.125|15-Year Fixed5.875%-0.063|30-Year FHA6.375%-0.125|30-Year VA6.125%-0.063|5/1 ARM6.125%0.000|7/1 ARM6.250%+0.063|30-Year Jumbo7.125%-0.188|15-Year Jumbo6.625%-0.125|CA Avg6.550%-0.080|TX Avg6.720%+0.050|FL Avg6.680%-0.030|NY Avg6.500%-0.100|PA Avg6.450%-0.050|IL Avg6.580%+0.020|OH Avg6.380%-0.070|GA Avg6.650%0.000|NC Avg6.520%-0.040|MI Avg6.480%-0.060|AZ Avg6.600%+0.030|WA Avg6.420%-0.090|
Home/Michigan Mortgage Rates/Grand Rapids

Mortgage Rates in Grand Rapids, Michigan: 2026 Guide

30-year fixed: 6.76%. Median: $295,000.

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Current Mortgage Rates in Grand Rapids

Loan TypeRateAPRMonthly*
30-Year Fixed6.76%6.840%$1,532/mo
15-Year Fixed6.24%6.310%$2,022/mo
5/1 ARM6.14%6.490%$1,436/mo
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Grand Rapids Market Insights

Grand Rapids is the economic hub of Western Michigan, with strong healthcare and manufacturing sectors. The housing market has seen steady appreciation, and popular neighborhoods like East Hills and Heritage Hill offer historic charm with modern amenities.

FAQs

What is the average mortgage rate in Grand Rapids?+
The average 30-year fixed rate in Grand Rapids is 6.76%.
How much down payment is needed?+
On a median home of $295,000, 20% down is $59,000.
What are property taxes?+
MI rate: 1.54%. Annual taxes: $4,543.

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