Mortgage Rates in Mount Clemens, Michigan — March 2026
Updated March 2026 | Based on Mount Clemens market data and regional lending conditions
Mount Clemens is a growing city in Michigan with a population of 16,360. The current 30-year fixed mortgage rate in Mount Clemens is 6.69%, which is 0.04% above the national average. With a median home price of $206,000 and a 20% down payment of $41,200, homebuyers can expect a monthly principal and interest payment of approximately $1,062.
Current Mortgage Rates in Mount Clemens, MI
Below are the current average mortgage rates available in the Mount Clemens 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Mount Clemens Housing Market Overview
The Mount Clemens housing market offers relatively affordable housing compared to many major cities. The median household income in Mount Clemens is $51,300, and the cost of living index is 84.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $57,429 to comfortably afford the median-priced home in Mount Clemens, which exceeds the current median household income.
Monthly Payment Breakdown for Mount Clemens
Based on the median home price of $206,000 with 20% down ($41,200), here is what you can expect to pay monthly in Mount Clemens:
15-Year vs. 30-Year Mortgage in Mount Clemens
Choosing a 15-year mortgage in Mount Clemens at 5.94% instead of a 30-year at 6.69% would save you $133,020 in total interest over the life of the loan. However, your monthly payment would be $1,385 instead of $1,062 — an increase of $323 per month.
Calculate Your Mount Clemens 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 Mount Clemens
What are the current mortgage rates in Mount Clemens, MI?
As of March 2026, the average 30-year fixed mortgage rate in Mount Clemens, Michigan is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Mount Clemens?
Based on the median home price of $206,000 with 20% down, the estimated monthly mortgage payment in Mount Clemens is $1,062 for principal and interest. Including property taxes of $278/month, the total monthly housing cost is approximately $1,340.
What income do I need to buy a home in Mount Clemens?
Using the 28% rule, you would need an annual income of approximately $57,429 to afford the median-priced home in Mount Clemens at $206,000. The median household income in Mount Clemens is $51,300. This means most households would need to either earn above the median or consider homes below $206,000.
Is Mount Clemens a good place to buy a home in 2026?
Mount Clemens offers a below-average cost of living with a cost of living index of 84.9 (national average = 100). The property tax rate in Michigan is 1.62%, which is above the national average. Mount Clemens has a population of 16,360 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 Mount Clemens, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.