Mortgage Rates in Warren, Michigan — March 2026
Updated March 2026 | Based on Warren market data and regional lending conditions
Warren is a growing city in Michigan with a population of 139,387. The current 30-year fixed mortgage rate in Warren is 6.72%, which is 0.07% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $905.
Current Mortgage Rates in Warren, MI
Below are the current average mortgage rates available in the Warren 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.32% | 6.25% | +0.07% |
| VA | 6.12% | 6.05% | +0.07% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Warren Housing Market Overview
The Warren housing market offers relatively affordable housing compared to many major cities. The median household income in Warren is $48,250, and the cost of living index is 85.5 (national average = 100). Based on the 28% affordability rule, the median income in Warren is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Warren
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Warren:
15-Year vs. 30-Year Mortgage in Warren
Choosing a 15-year mortgage in Warren at 5.96% instead of a 30-year at 6.72% would save you $113,760 in total interest over the life of the loan. However, your monthly payment would be $1,178 instead of $905 — an increase of $273 per month.
Calculate Your Warren 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 Warren
What are the current mortgage rates in Warren, MI?
As of March 2026, the average 30-year fixed mortgage rate in Warren, Michigan is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.32% and VA loans 6.12%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Warren?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Warren is $905 for principal and interest. Including property taxes of $201/month, the total monthly housing cost is approximately $1,106.
What income do I need to buy a home in Warren?
Using the 28% rule, you would need an annual income of approximately $47,400 to afford the median-priced home in Warren at $175,000. The median household income in Warren is $48,250. The median income is currently sufficient to meet this threshold.
Is Warren a good place to buy a home in 2026?
Warren offers a below-average cost of living with a cost of living index of 85.5 (national average = 100). The property tax rate in Michigan is 1.38%, which is near the national average. Warren has a population of 139,387 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Warren, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.