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Michigan
BANK OF AMERICA, N.A.
1200 MAIN ST, MAIL STOP MO8-060-12-24
KANSAS CITY, 64105
2008 Mortgage Research
Michigan
US
Total Applications
10,170
674,341
Average Loan
$135.7k
$218.7k
Loan to Income Ratio
1.39
1.73
Subprime Loans
5.22%
2.39%
Refinancing Loans
47.37%
38.59%
Principal Dwellings
88.10%
87.51%
Rejected Applications
26.31%
31.08%
MICHIGAN Mortgage Rates
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30 Years Fixed
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15 Years Fixed
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5/1 ARM
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