Mortgage Rates in Roseville, Michigan — March 2026
Updated March 2026 | Based on Roseville market data and regional lending conditions
Roseville is a growing city in Michigan with a population of 46,709. The current 30-year fixed mortgage rate in Roseville is 6.63%, which is 0.02% below the national average. With a median home price of $188,000 and a 20% down payment of $37,600, homebuyers can expect a monthly principal and interest payment of approximately $964.
Current Mortgage Rates in Roseville, MI
Below are the current average mortgage rates available in the Roseville area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Roseville Housing Market Overview
The Roseville housing market offers relatively affordable housing compared to many major cities. The median household income in Roseville is $56,300, and the cost of living index is 82.7 (national average = 100). Based on the 28% affordability rule, the median income in Roseville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Roseville
Based on the median home price of $188,000 with 20% down ($37,600), here is what you can expect to pay monthly in Roseville:
15-Year vs. 30-Year Mortgage in Roseville
Choosing a 15-year mortgage in Roseville at 5.9% instead of a 30-year at 6.63% would save you $120,060 in total interest over the life of the loan. However, your monthly payment would be $1,261 instead of $964 — an increase of $297 per month.
Calculate Your Roseville Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Roseville
What are the current mortgage rates in Roseville, MI?
As of March 2026, the average 30-year fixed mortgage rate in Roseville, Michigan is 6.63%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Roseville?
Based on the median home price of $188,000 with 20% down, the estimated monthly mortgage payment in Roseville is $964 for principal and interest. Including property taxes of $248/month, the total monthly housing cost is approximately $1,212.
What income do I need to buy a home in Roseville?
Using the 28% rule, you would need an annual income of approximately $51,943 to afford the median-priced home in Roseville at $188,000. The median household income in Roseville is $56,300. The median income is currently sufficient to meet this threshold.
Is Roseville a good place to buy a home in 2026?
Roseville offers a below-average cost of living with a cost of living index of 82.7 (national average = 100). The property tax rate in Michigan is 1.58%, which is above the national average. Roseville has a population of 46,709 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Roseville, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.