Today's rate snapshot
Click a card to switch the table below to that loan type.
How rates trended in Michigan
Daily average across every credit union lending in MI, past 90 days. Dashed line is the national FRED benchmark, plotted on the date FRED assigns each reading (it is published about a day later).
Mortgage rates in Michigan
Credit unions lending in Michigan
Cornerstone Community Financial Credit Union is open to anyone who lives, works, worships, or attends school in the state of Michigan or specifically in Fulton, Henry, Lucas, Ottawa, Sandusky, or Wood counties in Ohio. Immediate family of existing members are also eligible to join.
Membership is open to anyone who lives, works, worships, attends school, or regularly conducts business in Emmet, Charlevoix, or Cheboygan counties in Michigan.
Membership is open to anyone who lives, works, worships, or attends school in the State of Michigan. Additionally, eligibility extends to employees of over 500 partner organizations, healthcare professionals in the state, and immediate family or household members of current Adventure Credit Union members.
Membership at FreeStar Financial Credit Union is open to those who live, work, worship, or attend school in the state of Michigan, and specifically all of Macomb County. This also includes active duty, reserve, National Guard, veterans, or retired military members within the State of Michigan. Immediate family members of existing members and select employer groups and associations are also eligibl
FAIRWINDS Credit Union offers nationwide membership to anyone in the United States, regardless of location, who values financial stability and freedom.
Membership in Arbor Financial Credit Union is open to anyone who lives, works, or worships in the state of Michigan. Applicants for certain accounts must be 18 years or older, though those under 18 can open accounts in-branch. The credit union operates 12 branches throughout West and Southwest Michigan.
Membership is open to individuals born in Ukraine, those of Ukrainian descent, their spouses, and members of Ukrainian churches or community organizations. You may also join if you are referred by a current credit union member.
University of Michigan Credit Union membership is open to all students, alumni, and active or retired employees of the University of Michigan, as well as their immediate family members.
Affinity Federal Credit Union is open to anyone nationwide who makes a one-time $5 donation to the Affinity Foundation or joins a qualifying association. Employees of over 2,000 partner businesses and family members of current members are also eligible to join.
Connexus Credit Union is open to anyone in the United States through a one-time $5 donation to the Connexus Association. Membership is also available to employees of specific partner companies, residents of select counties in Wisconsin and Illinois, and those who live in several cities across Minnesota and Ohio.
See which of these credit unions you can join
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Common questions
Twice a week — every Monday and Thursday. We re-read the publicly posted rate pages from every credit union that lends in Michiganstarting around 11 a.m. Central.
Yes — credit unions require membership before closing. Most let you open a share account and apply for a mortgage on the same day.
We display both when the credit union publishes them. See our APR vs. interest rate vs. points guide.
Most large banks don't publish mortgage rates online — they quote per applicant. Credit unions almost always post theirs publicly, which is why they dominate our comparison.
How do credit union mortgage rates in Michigan compare to bank rates?
We don't publish bank rates, so the fairest comparison available is the national average across all lenders. Freddie Mac's weekly PMMS average puts the 30-year fixed rate at 7.24% as of October 29, 2026.
Of the 88 credit unions listed here lending in Michigan with a 30-year fixed mortgage, 22 advertise an interest rate with no points, no buydown and no 1%-down restriction. Among those 22, the median rate is 7.125% and the lowest is 6.625%, at ARBOR FINANCIAL. 17 of the 22 are below the national average.
We narrow the set because a rate bought down with points is not comparable to one without points.
One caveat in our favour and one against. Freddie Mac's average includes credit unions alongside banks, so it is a blended figure — if credit union rates sit below the blend, they sit further below a bank-only average. Against: since November 17, 2022, PMMS has used actual mortgage loan applications rather than a lender survey. Our figures are advertised rates, typically a lender's best tier, not application rates. Freddie Mac also stopped publishing average points then, so we can't confirm its point structure, while every rate in our comparison set is a zero-point rate. Freddie Mac's methodology.
More on reading these numbers: APR vs. interest rate vs. points and how we collect rates.
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