If you are thinking about buying a home or refinancing, it’s important to understand where mortgage rates stand before making a move. Comerica mortgage rates are following the national trend, staying above 6% for most loan types.
Whether you’re looking for a fixed-rate loan, an adjustable-rate option, or something more flexible, Comerica has several choices that fit different needs. In this guide, we’ll break down the latest Comerica Bank mortgage rates, what affects them, and tips to help you save money on your next home loan.
Current U.S. Mortgage Rate Landscape
As of mid-2025, mortgage rates across the U.S. remain high. The average 30-year fixed mortgage rate is between 6.6% and 6.7%, depending on the lender and loan type. This level is slightly lower than the peaks seen in late 2023 and early 2024 but still far from the historically low rates of previous years.
Experts predict that mortgage rates might come down slightly before the end of the year. Some forecasts suggest rates could dip to around 6.4%, but many believe they will stay above 6% for the rest of 2025. That’s because inflation remains a concern, and the U.S. economy continues to show signs of uncertainty.
The Federal Reserve is also playing a major role in this. It has kept the federal funds rate steady between 4.25% and 4.50%, which affects short-term loans. However, mortgage rates are more closely tied to the 10-year Treasury yield, which is still relatively high due to economic pressures. As a result, home loans remain expensive, and borrowers are encouraged to shop around and compare offers carefully.
Comerica Mortgage Rates Today
Comerica Bank provides a full range of mortgage products to suit different needs. Whether you’re buying your first home, refinancing your current one, or looking for a larger loan, Comerica has several loan options available. These include:
- Fixed-rate mortgages (such as 15-year and 30-year terms)
- Adjustable-rate mortgages (ARMs)
- FHA loans backed by the government
- VA loans for eligible veterans
- Conventional loans for borrowers with strong credit
- Jumbo loans for high-value properties
Recent data shows that Comerica mortgage rates for a 30-year fixed loan average around 7.02% for home purchases. Besides, Comerica mortgage refinance rates are about 6.79%. These numbers are a bit higher than the national average but still within a normal range given today’s economic climate. Let’s take a simple comparison:
| Loan Type | National Average Rate (Today) | Typical Comerica Rate* |
|---|---|---|
| 30‑Year Fixed – Purchase | 6.66% | ~ 6.75%–7.00% |
| 15‑Year Fixed – Purchase | 5.68% | ~ 6.30%–6.40% |
| 30‑Year FHA – Purchase | 5.95% | Similar or slightly higher |
| 30‑Year Jumbo – Purchase | 6.92% | ~ 6.90% |
| 5/6‑Year ARM | 6.73% | Comparable or slightly lower |
*Comerica mortgage rates in this table reflect recent estimates and are for informational purposes only. Interest rates may also vary based on many factors. To see your exact Comerica rate today, contact their loan officers or get an online quote.
One of Comerica’s strong points is its lower closing costs. On average, borrowers pay about $4,741 in fees when working with Comerica. This is significantly below the national average, which is close to $8,300. That lower cost can make a big difference when budgeting for a new home.
How Comerica Mortgage Rates Compare to National Averages
When it comes to mortgage rates, Comerica is very competitive. While its advertised rates are close to or slightly above the national average with 30-year fixed loans hovering around 6.55% to 7.02%, the bank’s overall lending package is attractive because of its affordable fees and reliable customer service.
Many borrowers find that Comerica mortgage rates, while not always the lowest, are made more appealing thanks to the bank’s lower total costs. When you combine moderate rates with reduced closing costs, the total cost of the loan can actually be lower than what you’d pay with other lenders offering cheaper-looking rates but higher fees.
The bank also rewards customers who already have a Comerica checking account or set up automatic payments. These borrowers can often enjoy slightly better pricing, which makes their total cost of borrowing even lower over time.
In short, Comerica is considered a low- to mid-rate mortgage lender that balances fair interest rates with great value. It’s a solid choice for people who want predictable loan terms without breaking the bank on extra charges.
What Influences Comerica Mortgage Rates?
A few key factors affect Comerica mortgage rates, and these are the same forces that drive mortgage pricing across the United States:
- U.S. Treasury yields: Mortgage rates track the 10‑year Treasury yield very closely. When yields drop, mortgage rates often follow, and when yields rise, the rates offered to borrowers increase.
- Inflation and Federal Reserve policy: Even though the Federal Reserve does not directly set mortgage rates, its decisions influence the broader economy. In 2025, the Fed’s target interest rate range is 4.25% to 4.50%. Because inflation has remained stubbornly high, long‑term mortgage rates have also stayed elevated. However, markets focus on what they believe the Fed will do next, rather than just the current rate.
- Economic signals: Inflation, economic growth, and shifts in the labor market all have an effect. For example, if job growth slows or inflation comes down, lenders may start offering slightly lower mortgage rates. Many analysts are watching closely as the Federal Reserve’s meeting scheduled for September 2025 could bring a shift in rate trends if economic data shows more weakness.
Should You Wait or Lock In a Rate Now?
Mortgage rate predictions for the rest of 2025 are mixed, but many financial experts agree that we could see rates slowly decrease. Some industry analysts forecast that average 30-year fixed mortgage rates might dip below 6% by the end of 2025, potentially reaching 5.6% if inflation continues to cool. More optimistic projections suggest that by early 2026, rates could fall even further, possibly between 5.0% and 4.0%. However, these projections vary widely depending on economic conditions, inflation trends, and Federal Reserve actions.
Most experts still expect rates to stay in the 6% to 7% range for the remainder of 2025. That’s because inflation, while easing, remains above the Fed’s long-term target, and the central bank is being cautious about lowering interest rates too quickly. If inflation keeps trending down and the Federal Reserve slows its reduction of the balance sheet (meaning less selling of U.S. Treasury bonds), it could reduce pressure on the bond market and bring down 10-year Treasury yields, which heavily influence mortgage rates.
In short, while there is a chance of lower Comerica mortgage rates in late 2025 or early 2026, nothing is guaranteed. Therefore, if you’re planning to buy a home or refinance your mortgage with Comerica in the middle of 2025, here’s what you can expect based on the current rate environment:
- 30-year fixed mortgage rates are likely to fall between 6.6% and 7.0%.
- 15-year fixed loans may offer slightly better rates, hovering around 6.3% to 6.4%.
- If you choose an FHA, VA, or jumbo loan, Comerica mortgage rates will follow similar trends but may vary slightly depending on your credit score and down payment.
Comerica’s closing costs remain relatively low, around $4,741 on average, which is a major advantage over other lenders that charge closer to $8,000 or more.
Now might be a good time to compare offers and lock in a rate, especially if you need a home quickly. However, if you’re flexible and able to wait a few more months, there is a chance that Comerica Bank mortgage rates could fall slightly, helping you save more in the long run.
How to Qualify for the Best Rate at Comerica
Getting the lowest rate from Comerica depends on your financial profile and how you manage your relationship with the bank:
- Good credit score: While Comerica does not publish exact credit score requirements, a strong score is essential. Interest rates are often reduced for those with better credit ratings.
- Lock your rate when the market looks stable: If you’re happy with a quote today, don’t wait too long. Since rates are subject to sudden changes, locking in early could shield you from future increases.
- Increase your down payment: You can avoid private mortgage insurance (PMI) and be eligible for reduced rates if you put down 20% or more.
- Choose a shorter loan term: If your budget allows, consider a 15-year Comerica Bank mortgage. You’ll get a lower rate and pay less interest over time.
- Automatic payment discount: If you set up automatic payments from a Comerica checking account, you may qualify for a 0.25% APR discount. This small step can make a big difference over time.
- Relationship pricing: Existing Comerica customers who have multiple accounts or a long history with the bank may be eligible for special relationship pricing, such as a prime‑plus‑1% rate on certain products after the introductory period.
- Timing for HELOC specials: Comerica Bank frequently runs promotional periods. For example, the 6.24% HELOC intro APR is available only for applications and closings between July 1 and August 31, 2025.
Refinancing with Comerica
If your current mortgage rate is above 7%, refinancing could be a smart move. By refinancing with Comerica, you could lower your interest rate and monthly payment. Comerica also offers cash‑out refinancing, which lets you access a portion of your home equity and use it for major expenses such as home improvements, tuition fees, or consolidating higher‑interest debt.
Before refinancing, it is important to calculate the closing costs and points and think about how long you plan to stay in your home. Refinancing only makes financial sense if the long‑term savings are greater than the upfront costs.
FAQs about Comerica Mortgage Rates
Does Comerica publish daily mortgage rates online?
- No. Comerica does not list daily rates on its website. You need to contact a loan officer or fill out a rate quote form to get current rates.
Does Comerica offer first‑time homebuyer programs?
- Yes. Comerica provides programs that may include lower down payments, FHA or VA loans, and guidance designed for first‑time homebuyers.
Are Comerica mortgage rates the same in every state?
- No. Rates may vary by state due to local housing markets, property taxes, and other regional factors.
How can I check my eligibility for a Comerica mortgage?
- You can speak with a Comerica loan officer. This gives you an estimate without affecting your credit score.
Are Comerica Bank mortgage rates higher for investment properties?
- Typically, yes. Mortgage rates for second homes or investment properties are usually higher than for primary residences due to added risk.
Comerica mortgage rates in mid‑2025 align with hard market conditions. Their 30‑year fixed rate of about 7 % is in line with the broader U.S. market. The real edge comes from lower closing costs and streamlined service. As forecasts suggest gradual rate declines by late 2025, exploring options early and locking when ready makes sense. Be smart, research current offers, and check your personal finances. That’s the best way to secure a competitive rate with Comerica or any lender this year.
