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Looking for the lowest interest mortgage lenders in Richland, MI? Compare offers from trusted local lenders who understand your community and can help you find rates that fit your budget. Start your homebuying journey with confidence by seeing all your options side-by-side.
Whether you’re buying your first home or refinancing, Richland lenders offer flexible terms and personalized service to make the process simple. Explore competitive mortgage rates tailored to Michigan buyers and take the next step toward owning your dream home.
Today’s Mortgage Rates & Analysis - Updated on 2026-SEP-23
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 4.00%, which is higher than 7 days ago at 3.75%. When the Fed Funds rate rises, it can put upward pressure on mortgage rates because lenders face higher borrowing costs.
Credit Union Loan Rates - Trends & Analysis:
Affinity Plus offers a 15-year Conventional Fixed rate at 6.5% today, up 13 bp from a week ago and 38 bp over the past 30 days. The 30-year Conventional Fixed and Jumbo Fixed rates are both 7.0%, each up 13 bp from last week and 25 bp over 30 days. The VA 30-year Fixed rate is 7.625%, unchanged from a week ago but up 38 bp over 30 days. Adjustable-rate 5-year and 7-year ARMs hold steady at 5.25% and 5.5%. Consumers offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 7.125%, with the 30-year rate up 38 bp from 30 days ago. American has a 5-year ARM at 6.375%, which rose 38 bp over the past month. Jumbo loans include a 30-year Fixed at 7.125%, up 25 bp in 30 days.
Northrop Grumman offers 3-year fixed at 5.5%, 5-year fixed at 5.625%, and 7-year fixed at 6.125%, all steady from recent weeks. The 5-year fixed is today 5.625%. Honor offers a 15-year conventional fixed rate at 6.5%, up 50 bp from last week, and a 30-year conventional fixed rate at 5.75%, down 75 bp from last week. Their 30-year FHA fixed rate is 6.75%, up 38 bp from last week. Rates have shifted notably over the past week, with the 30-year conventional fixed rate seeing the largest drop.
Affinity shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week and 38 bp from 30 days ago. Their 30-year conventional fixed is 6.5%, also up 25 bp from last week and 38 bp from 30 days ago. FHA fixed rates for 3-year, 5-year, and 7-year terms are 6.125%, 6.25%, and 6.5%, each rising 25 bp over the past week and 38 bp over the past month.
Navy Federal Credit Union offers a 15-year Conventional fixed rate at 6.0% and a 30-year Conventional fixed rate at 6.625%, both unchanged from last week. Their 15-year Conventional refinance rate is 6.0%, up 38 bp from a week ago, while the 30-year Conventional refinance rate is 6.625%, also up 38 bp. The 30-year VA fixed rate is 6.25%, unchanged from a week ago but up 50 bp from a month ago. The 30-year Jumbo fixed rate is 6.875%, steady over the past week. The 3-year ARM Conventional rate is 5.625%, up 25 bp from last week, and the 5-year ARM Conventional rate is 5.875%, also up 25 bp.
Wings Financial offers 15-year and 30-year Conventional Fixed loans today at 6.25% and 6.875%, respectively. The 15-year rate rose 63 bp from three weeks ago, while the 30-year rate increased 38 bp over the same period. For Adjustable-Rate Mortgages, 5-year ARMs are at 6.0%, up 63 bp from three weeks ago, and 7-year ARMs are at 6.0%, up 38 bp. The 10-year ARM stands at 6.125%, up 25 bp from a month ago. Jumbo 30-year Fixed loans are also 6.875%, up 38 bp from three weeks ago.
Michigan State University shows a 15-year Conventional Fixed rate today at 6.25%, up 13 bp from last week and 25 bp from a month ago. The 30-year Conventional Fixed rate is 6.99%, rising 24 bp in the past week and 49 bp over 30 days. Jumbo 30-year Fixed loans match the 30-year Conventional at 6.99%, up 24 bp from last week and 37 bp from a month ago. The 15-year Adjustable Fixed rate is also 6.25%, with the same weekly and monthly increases as the 15-year Conventional. Alliant offers a 15-year fixed conventional loan at 6.125% and a 30-year fixed conventional loan at 7.0% today. They also have adjustable-rate options for 5, 7, and 10 years fixed at 6.0%, 6.125%, and 6.375%, respectively. Rates have stayed steady over the past weeks.
Elga offers a 15-year Conventional Fixed at 6.5%, up 13 bp from last week and 25 bp from a month ago. Their 30-year Conventional Fixed holds steady at 7.125% since last week but is up 25 bp from a month ago. FHA and VA 30-year Fixed rates are also at 7.125%, with FHA up 50 bp from a month ago. Adjustable rates for 3-, 5-, and 7-year terms range from 6.125% to 6.375%, each down 13 bp from last week and the prior month.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 7.021%, and Freddie Mac's 30-year rate is 6.950%, with Zillow higher than Freddie Mac. Zillow's 15-year rate stands at 6.911%, higher than 7 days ago. These rates reflect the current cost of borrowing for homebuyers, influencing how much people can afford and the demand for housing.