Compare Current Macomb, Michigan Mortgage Rates

Compare Macomb, MI mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Macomb.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Macomb. Plus, shopping lenders is free and there is no obligation.

Compare Today's Macomb, MI Mortgage Rates

August 22, 2025

Current mortgage rates in Macomb, MI are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

How Affordable is Housing in Macomb, Michigan?

Below we provide helpful information on the real estate market, home prices and housing affordability in Macomb. Understand how much you need to earn to afford a home in Macomb, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Macomb fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Macomb is right for you.

The median home value for Macomb, MI is $233,643

Based on current mortgage rates and a 10% down payment, you need to make $48,742 per year to buy the median priced home in Macomb

With this income, you could qualify for a $210,279 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Macomb is $1,129

The median household income for Macomb, MI is $68,513

Based on this income, you can afford a home valued at approximately $328,416

The home price you can afford to buy based on household income in Macomb is 141% of the median home value which means housing prices are average. Macomb ranks 71 out of 83 counties in Michigan and 2,118 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Macomb, MI is average

Loan Limits for Macomb, Michigan

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Macomb below.

Conforming loan limits for Macomb, MI

FHA loan limits for Macomb, MI

Additional Mortgage Resources for Macomb, MI Residents

Mortgage Rates for Michigan Cities