$
TruePITI
Live Rates
30-Year Fixed6.710%+0.050|15-Year Fixed6.040%+0.060|30-Year FHA6.460%+0.050|30-Year VA6.210%+0.040|5/1 ARM6.210%+0.040|7/1 ARM6.340%+0.050|30-Year Jumbo7.210%+0.050|15-Year Jumbo6.710%+0.060|CA Avg6.650%-0.080|TX Avg6.700%+0.050|FL Avg6.700%-0.030|NY Avg6.680%-0.100|PA Avg6.690%-0.050|IL Avg6.730%+0.020|OH Avg6.750%-0.070|GA Avg6.680%0.000|NC Avg6.670%-0.040|MI Avg6.740%-0.060|AZ Avg6.700%+0.030|WA Avg6.640%-0.090|30-Year Fixed6.710%+0.050|15-Year Fixed6.040%+0.060|30-Year FHA6.460%+0.050|30-Year VA6.210%+0.040|5/1 ARM6.210%+0.040|7/1 ARM6.340%+0.050|30-Year Jumbo7.210%+0.050|15-Year Jumbo6.710%+0.060|CA Avg6.650%-0.080|TX Avg6.700%+0.050|FL Avg6.700%-0.030|NY Avg6.680%-0.100|PA Avg6.690%-0.050|IL Avg6.730%+0.020|OH Avg6.750%-0.070|GA Avg6.680%0.000|NC Avg6.670%-0.040|MI Avg6.740%-0.060|AZ Avg6.700%+0.030|WA Avg6.640%-0.090|

Best Mortgage Rates in Wayne County, Michigan

Detroit metro county and the most populous county in Michigan.

Rate data: Freddie Mac PMMS · Updated September 15, 2026 (build 2026-09-15)

Loan TypeWayne CountyMichigan AvgNational
30-Year Fixed6.530%6.480%6.710%
15-Year Fixed5.780%5.730%5.875%
30-Year FHA6.280%6.230%6.375%
30-Year VA6.030%5.980%6.125%

County figures are the Michigan average adjusted for local market conditions. Actual rates vary by lender, credit score, and loan size.

In Wayne County, property tax runs 1.51% of home value — $228/mo on the $181,365 median home. That's not a footnote; it's 15% of the PITI total before you finance anything.

Run the same home with 10% down and your payment includes $95/mo of PMI on top. Combined: $1,483/mo — and on an $80,000 household income, that lands a 29.8% back-end DTI, above the 43% conventional ceiling.

What this means in practice: in high-tax counties, the tax bill, not the rate, is what breaks your qualification. The lever that fixes it is usually the down payment — every 5 points of down payment removes roughly $95/mo and pulls DTI down by 1.4 points. The second lever is loan type: FHA underwrites to 57% back-end.

Your Wayne County payment already includes $228/mo in property tax

And if you're putting down less than 20%, PMI adds $95/mo on top. Run your income through the DTI gauge: if it's over 43%, most conventional lenders stop the conversation there. You don't want to find that out at underwriting.

Two moves keep you in the game: a larger down payment, or a lender that writes high-DTI files. FHA caps at 57%, and some licensed lenders offer PMI-reduction programs. Match your profile against lenders rather than picking one on brand.

Match With Lenders →

Advertising Disclosure: TruePITI is an independent, educational website. Outbound links to lenders are informational — no lender referral program is active; recommended product links (Amazon Associates) may earn us a commission. No commercial arrangement affects our calculator results.

Calculate your Wayne County monthly payment

Principal, interest, taxes, insurance & PMI — the true monthly cost.

Open Calculator →Michigan rates →

Frequently Asked Questions

What is the average mortgage rate in Wayne County, Michigan?

The average 30-year fixed rate in Wayne County is about 6.530% as of September 15, 2026, based on the state average of 6.480% adjusted for local market conditions. Your actual rate depends on credit score, loan size, and lender.

How much house can I afford in Wayne County?

With a typical 20% down payment and the 6.530% county-average rate, a $100,000 household income qualifies for roughly a $400,000-$450,000 home before property taxes and insurance. Use our affordability calculator for your exact numbers.

Should I get a 15-year or 30-year mortgage in Wayne County?

A 15-year loan runs about 5.780% in Wayne County — around 0.75% lower than a 30-year — but the monthly payment is roughly 40-50% higher. Choose 15 years if you want to minimize total interest; choose 30 if monthly cash flow matters more.