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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/Lansing

Mortgage Rates in Lansing, Michigan: 2026 Guide

30-year fixed: 6.75%. Median: $195,000.

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Current Mortgage Rates in Lansing

Loan TypeRateAPRMonthly*
30-Year Fixed6.75%6.830%$1,012/mo
15-Year Fixed6.23%6.300%$1,336/mo
5/1 ARM6.13%6.480%$948/mo
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Lansing Market Insights

Lansing, the state capital, offers affordable housing with stable government employment. The housing market is very accessible for first-time buyers, with median prices well below the national average. The cost of living is low, making it attractive for families and retirees.

FAQs

What is the average mortgage rate in Lansing?+
The average 30-year fixed rate in Lansing is 6.75%.
How much down payment is needed?+
On a median home of $195,000, 20% down is $39,000.
What are property taxes?+
MI rate: 1.54%. Annual taxes: $3,003.

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