Saint Clair, Michigan Refinance Rates - September 2026
Brian McKay
Brian McKay
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Current mortgage refinance rates in Saint Clair, Michigan include Consumers Credit UnionConsumers Credit UnionA+5.0 ★Texas Ratio: 1.88% at 6.75%, TLC Community Credit UnionTLC Community Credit UnionA+5.0 ★Texas Ratio: 0.33% at 7.00%, ELGA Credit UnionELGA Credit UnionA+5.0 ★Texas Ratio: 3.92% at 7.12%, Honor Credit UnionHonor Credit UnionA+5.0 ★Texas Ratio: 4.83% at 5.75%, and Financial Plus Credit Union Flint, MIFinancial Plus Credit Union Flint, MIA+5.0 ★Texas Ratio: 3.27% at 5.75%. Refinance rates as of September 16, 2026 according to verified data from MonitorBankRates.
Saint Clair homeowners can compare 155 refinance rates from 37 lenders serving the Michigan area, with refinance rates as low as 5.75% from Honor Credit Union. Lenders below quote one rate for purchase and refinance loans. Use the tabs below to compare available loan types, then run the break-even calculator. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to Michigan homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: September 16, 2026
Compare Refinance Rates Today in Saint Clair, Michigan & the Surrounding Area
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local Saint Clair, MI lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
Saint Clair 30 Year Fixed Refinance Rates
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Points are $3,240. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
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3% Down Payment; Payments amortized 360 months
As Low As
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Rate based on $150K loan amount. Rates and fees may vary based on market conditions and are subject to change at any time. Rate based on a 30 day lock. As Low As
NMLS ID 411386
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As low as; APY = Annual Percentage Yield
Advertised rates shown based on a 780+ credit score, 25% down payment, and 0.125% discount for auto-pay deducted from United Ultra or Free Checking account each month. Payment example, $250,000 financed for 360 months at a fixed rate of 6.875% APR equals a monthly payment of $1,642.32. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater.
Points are $2,800. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
Effective Date: September 12, 2026
Annual Percentage Rate (APR) = A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. Rates posted are indications only and are subject to change without notice. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes above are based on a specific loan amount for the purchase of a single family primary residence. Please click on the Product Name for a Payment Example.All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Call the credit union for full details at 989-791-7070 ext. 3503.
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Annual Percentage Rates calculated based on $3,200.00 in fees, other fees may apply. For loans with less than 20% down payment, borrower paid mortgage insurance may apply. All loans are subject to additional terms and conditions. Minimum credit score of 740 required for the advertised rates. Please consult a Loan Officer for complete details.
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APR range: 7.000 / 7.166
APR range: 7.000 / 7.166
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5% Down Payment; Payments amortized 360 months
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Loan To Value (LTV): 97.00%; Maximum Limit: $400,000.00; As low as
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Saint Clair 15 Year Fixed Refinance Rates
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As low as 6.500%
As low as
As low as
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Annual Percentage Rates calculated based on $3,200.00 in fees. Payment does not include taxes and insurance premiums. The actual payment amount may be greater.
Fixed Rate Mortgages
NMLS ID 411386
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Rate based on $150K loan amount. Rates and fees may vary based on market conditions and are subject to change at any time. Rate based on a 30 day lock. As Low As
Points are $2,800. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
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Effective Date: September 12, 2026
Rates listed include 0.125% autopay and paperless discount. Rates are for conforming refinance loans, are effective as of 09/11/2026 3:50 PM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
Loan To Value (LTV): 95.00%; Maximum Limit: $400,000.00; As low as
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5% Down Payment; Payments amortized 180 months
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Annual Percentage Rate (APR) = A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. Rates posted are indications only and are subject to change without notice. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes above are based on a specific loan amount for the purchase of a single family primary residence. Please click on the Product Name for a Payment Example.All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Call the credit union for full details at 989-791-7070 ext. 3503.
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As Low As; APR is calculated based on a mortgage loan amount of $175,000.00; purchase or no cash-out refinance with 80% financing and 740 and higher credit score. No points.
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APR* = Annual Percentage Rate. Interest rates are subject to change. For the unit to qualify, it must contain sleeping, cooking and bathroom facilities; See credit union for details
APR* = Annual Percentage Rate. Interest rates are subject to change. For the unit to qualify, it must contain sleeping, cooking and bathroom facilities; See credit union for details
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Saint Clair 5/1 ARM Refinance Rates
As low as
As low as; Rate is for informational purposes only and not a guarantee of credit. Rates are subject to change without notice.
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APR range: 6.000 / 6.155
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Effective Date: September 12, 2026
APR = Annual Percentage Rate. Rates can vary according to individual loan situations. Rates and lock periods are subject to change. The payment amount may be higher if escrows for property taxes, homeowner's insurance, or mortgage insurance are applicable.
As Low As; Adjustable-Rate Mortgages
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Saint Clair 30-Year Jumbo Refinance Rates
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Advertised rate of Jumbo 3/1 ARM and Jumbo 30-year fixed rate are based on a $1,000,000 loan amount. Jumbo 3/1 ARM Payment Example (based on $1,000,000 loan amount): $1,000,000 financed for 360 months at an initial rate of 5.50% and 5.64% APR results in an initial monthly principal and interest payment of $5,677.89 for the first 36 months. After the initial 3 years, the fully indexed Annual Percentage Rate (APR), based on rates as of 03/01/2026, of 6.25% is in effect for the remaining 324 months and can change once every year for the remaining life of the loan. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater. Rates are variable and subject to change after 3 years and your payment may increase or decrease as rates change
Fixed Rate
Advertised rate of Jumbo 3/1 ARM and Jumbo 30-year fixed rate are based on a $1,000,000 loan amount. Jumbo 30-Year Fixed Payment Example (based on $1,000,000 loan amount): $1,000,000 financed for 360 months at a fixed rate of 6.00% and 6.14% APR equals a monthly principal and interest payment of $5,995.51. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater.
Fixed Rate
Fixed Rate
As Low As; Jumbo Fixed-Rate Mortgages
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As Low As; Jumbo Fixed-Rate Mortgages
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Saint Clair 15-Year Jumbo Refinance Rates
As Low As; Jumbo Fixed-Rate Mortgages
Fixed Rate
As Low As; Jumbo Fixed-Rate Mortgages
Saint Clair 5/1 Jumbo ARM Refinance Rates
As Low As; Jumbo Adjustable-Rate Mortgages
Saint Clair FHA Loan Rates
As low as
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APR range: 7.000 / 7.166
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Saint Clair VA Loan Rates
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Points are $3,240. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
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APR range: 7.000 / 7.166
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Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of September 12, 2026. Use these as the benchmark for the Saint Clair, Michigan quotes above; lenders that price refinances separately currently run about 0.091 points higher.
Saint Clair, MI Refinance Rate Trends
Compare local Saint Clair, MI refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a Michigan refinance quote should be measured against, plus roughly 0.091 points at lenders that price refinances separately.
Michigan 30-year fixed rates rose 0.049 points over the past 7 days to 6.869%.
Michigan 15-year fixed rates rose 0.056 points over the past 7 days to 6.502%.
What Saint Clair, MI Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
Michigan Refinance Rate Forecast, Next 12 Months
Where are Michigan refinance rates headed through September 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for Saint Clair, MI Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $242,720 (80% of the city median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (MI avg) | 6.869% | $1,594 | — | 26.2% |
| 6-Month Forecast | 6.869% (6.52–7.17%) | $1,594 | +$0/mo | 26.2% |
| 12-Month Forecast | 7.119% (6.77–7.42%) | $1,634 | +$41/mo | 26.9% |
Income column = annual mortgage payment as % of Saint Clair, MI median household income ($72,875). Above 30% is generally considered cost-burdened.
Saint Clair, Michigan Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current Saint Clair, Michigan rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your Saint Clair, Michigan Refinance
The rate is only part of the decision. Use these calculators to turn current Saint Clair, Michigan refinance rates into monthly savings, break-even months, and total interest before you talk to a lender.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current Saint Clair, Michigan home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Saint Clair, Michigan rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans Available in Saint Clair, Michigan
Homeowners in Saint Clair, Michigan can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every Michigan lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s Saint Clair, Michigan average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in Saint Clair, Michigan usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in Michigan quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming loan limit for Saint Clair, Michigan is $832,750. A refinance above that amount is a jumbo loan and stays on the lender’s books or goes to private investors, so pricing and underwriting are set lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Saint Clair, Michigan refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates for Saint Clair, Michigan directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Saint Clair, Michigan. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in MI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Refinance Works in Saint Clair, Michigan
A refinance pays off your current mortgage with a new loan on the same Saint Clair, Michigan home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How Saint Clair, Michigan Refinance Rates Compare to Purchase Rates
Most Michigan banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our Saint Clair, Michigan mortgage rates page. For example, Consumers Credit Union is listing a Mortgage Refinance - 30-Yr VA Loan at 6.75% for either purpose. Some lenders price refinances separately and list them by name, such as ELGA Credit Union’s ARM 1st Mortgage Purchase or Refinance ELGA Portfolio - 5/1 ARM at 6.38%. Across lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in Saint Clair, Michigan
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A Saint Clair, Michigan homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in Saint Clair, Michigan
Refinance closing costs in Michigan typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When Saint Clair, Michigan Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our Michigan refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in Saint Clair, Michigan
Are refinance rates higher than purchase mortgage rates in Michigan?
When does refinancing make sense in Saint Clair, Michigan?
How soon can I refinance a mortgage in Michigan?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in Michigan?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I find the best refinance lender in Saint Clair, Michigan?
What are the best refinance rates in Saint Clair, Michigan?
- Consumers Credit Union: 6.75% (Mortgage Refinance - 30-Yr VA Loan)
- TLC Community Credit Union: 7.00% (30 Year Fixed - Cash Out Refinances)
- ELGA Credit Union: 7.12% (1st Mortgage Purchase or Refinance (Fannie Mae and Government Programs) - 30 Year Fixed)
- Honor Credit Union: 5.75% (MSHDA 30 Year Fixed)
- Financial Plus Credit Union Flint, MI: 5.75% (30 Year Fixed - without DPA)
Saint Clair, Michigan Rates & Resources
