Cadillac Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cadillac averaged
7.17%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.3% and
one month ago for the week of 2023-02-09, the
average rate was 6.29%.
Cadillac's average rate one year ago was 4.42%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.78%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Cadillac 30 Year Fixed Rate | 2023-03-16 | 7.17% |
| Cadillac 30 Year Fixed Rate Refi | 2023-03-16 | 6.78% |
| Cadillac 15 Year Fixed Rate | 2023-03-16 | 6.48% |
| Cadillac 15 Year Fixed Rate Refi | 2023-03-16 | 6.26% |
| Cadillac 30 Year FHA | 2023-03-16 | 6.64% |
| Cadillac 30 Year FHA Refi | 2023-03-16 | 6.32% |
| Cadillac 30 Year USDA | 2023-03-16 | 6.59% |
| Cadillac 30 Year USDA Refi | 2023-03-16 | 6.66% |
| Cadillac 30 Year VA | 2023-03-16 | 6.22% |
| Cadillac 30 Year VA Refi | 2023-03-16 | 6.08% |
Cadillac Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Cadillac, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Cadillac Average Closing Costs & Other Stats
Cadillac, MI's 92 lenders originated 1,804
loans during 2021. The total origination value was $269,060,000, with an average loan value of
$149,146.
Cadillac's average closing costs are $3,856.
The top Cadillac lender as defined by loan originations is QUICKEN LOANS, LLC, with
79 loans originated. Their average total fees are
$4,433, which is $784
higher than the next largest lender,
AMERIFIRST FINANCIAL CORPORATION.
The lowest fee Cadillac lenders (with over 10 loans originated) are
Horizon Bank ($2,338), TCF National Bank ($2,518), VAN DYK MORTGAGE CORPORATION ($2,566), CALIBER HOME LOANS, INC. ($2,829) and The Huntington National Bank ($2,961).
The lowest rate Cadillac lenders (with over 10 loans originated) are
Fifth Third Bank (3.02%), LAKE MICHIGAN CREDIT UNION (3.07%), UNITED WHOLESALE MORTGAGE, LLC (3.08%), QUICKEN LOANS, LLC (3.14%) and AMERISAVE MORTGAGE CORPORATION (3.16%).
Cadillac, MI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $19,045,000 | $30,845,000 | 62.0% | 11.5% |
| The Huntington National Bank | $9,360,000 | $17,390,000 | 85.8% | 6.5% |
| AMERIFIRST FINANCIAL CORPORATION | $21,940,000 | $16,125,000 | -26.5% | 6.0% |
| Fifth Third Bank | $10,540,000 | $15,065,000 | 42.9% | 5.6% |
| Independent Bank | $12,960,000 | $13,950,000 | 7.6% | 5.2% |
| Mercantile Bank of Michigan | $11,030,000 | $12,770,000 | 15.8% | 4.7% |
| CALIBER HOME LOANS, INC. | $9,865,000 | $12,695,000 | 28.7% | 4.7% |
| Horizon Bank | $11,855,000 | n/a | 4.4% | |
| J. VIRGIL, INC. | $5,915,000 | $11,475,000 | 94.0% | 4.3% |
| TCF National Bank | $23,790,000 | $9,170,000 | -61.5% | 3.4% |
| MORTGAGE 1 INCORPORATED | $7,360,000 | $8,545,000 | 16.1% | 3.2% |
| GreenStone Farm Credit Services, FLCA | $7,475,000 | $7,705,000 | 3.1% | 2.9% |
| LAKE MICHIGAN CREDIT UNION | $6,885,000 | $7,570,000 | 9.9% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,155,000 | $5,390,000 | 70.8% | 2.0% |
| FREEDOM MORTGAGE CORPORATION | $3,270,000 | $4,055,000 | 24.0% | 1.5% |
| VAN DYK MORTGAGE CORPORATION | $5,090,000 | $3,490,000 | -31.4% | 1.3% |
| Mortgage Research Center, LLC | $3,130,000 | $3,210,000 | 2.6% | 1.2% |
| JPMorgan Chase Bank | $2,395,000 | $3,010,000 | 25.7% | 1.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $2,685,000 | n/a | 1.0% | |
| AMERISAVE MORTGAGE CORPORATION | $960,000 | $2,420,000 | 152.1% | 0.9% |
| UNION HOME MORTGAGE CORP. | $800,000 | $2,135,000 | 166.9% | 0.8% |
| NEWREZ LLC | $295,000 | $2,030,000 | 588.1% | 0.8% |
| Neighborhood Loans, Inc. | $1,205,000 | $1,970,000 | 63.5% | 0.7% |
| Flagstar Bank, FSB | $535,000 | $1,915,000 | 257.9% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $165,000 | $1,815,000 | 1,000.0% | 0.7% |
| Wells Fargo Bank | $1,135,000 | $1,795,000 | 58.1% | 0.7% |
| USAA Federal Savings Bank | $1,055,000 | $1,605,000 | 52.1% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $355,000 | $1,550,000 | 336.6% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $530,000 | $1,545,000 | 191.5% | 0.6% |
| Northpointe Bank | $600,000 | $1,540,000 | 156.7% | 0.6% |
| NEW DAY FINANCIAL, LLC | $640,000 | $1,495,000 | 133.6% | 0.6% |
| PNC Bank | $545,000 | $1,385,000 | 154.1% | 0.5% |
| LOANDEPOT.COM, LLC | $1,275,000 | $1,350,000 | 5.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,285,000 | $1,285,000 | 0.0% | 0.5% |
| BETTER MORTGAGE CORPORATION | $250,000 | $1,280,000 | 412.0% | 0.5% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,235,000 | $1,265,000 | 2.4% | 0.5% |
| West Michigan Credit Union | $1,205,000 | $1,245,000 | 3.3% | 0.5% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $795,000 | $1,235,000 | 55.3% | 0.5% |
| CREDIT UNION ONE | $1,410,000 | $1,225,000 | -13.1% | 0.5% |
| The Dart Bank | $695,000 | $1,120,000 | 61.2% | 0.4% |
| MID AMERICA MORTGAGE, INC. | $1,100,000 | $995,000 | -9.5% | 0.4% |
| Carrington Mortgage Services, LLC | $395,000 | $990,000 | 150.6% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,080,000 | $985,000 | -8.8% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $595,000 | $955,000 | 60.5% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $940,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $860,000 | n/a | 0.3% | |
| TOP FLITE FINANCIAL, INC. | $355,000 | $850,000 | 139.4% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $350,000 | $840,000 | 140.0% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,050,000 | $785,000 | -25.2% | 0.3% |
| NORTHERN MORTGAGE SERVICES, LLC | $625,000 | $755,000 | 20.8% | 0.3% |
| STAUNTON FINANCIAL, INC. | $830,000 | $750,000 | -9.6% | 0.3% |
| ARBOR FINANCIAL CREDIT UNION | $415,000 | $725,000 | 74.7% | 0.3% |
| Frankenmuth Credit Union | $190,000 | $645,000 | 239.5% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $615,000 | n/a | 0.2% | |
| Preston Home Loans Inc | $610,000 | n/a | 0.2% | |
| DOW CHEMICAL EMPLOYEES' | $605,000 | n/a | 0.2% | |
| HOME POINT FINANCIAL CORPORATION | $605,000 | $575,000 | -5.0% | 0.2% |
| Level One Bank | $85,000 | $565,000 | 564.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $615,000 | $545,000 | -11.4% | 0.2% |
| West Michigan Community Bank | $115,000 | $545,000 | 373.9% | 0.2% |
| DFCU FINANCIAL | $265,000 | $535,000 | 101.9% | 0.2% |
| MORTGAGE CENTER L.C | $795,000 | $535,000 | -32.7% | 0.2% |
| Ally Bank | $155,000 | $515,000 | 232.3% | 0.2% |
| AAC Credit Union | $490,000 | n/a | 0.2% | |
| 21ST MORTGAGE CORPORATION | $140,000 | $480,000 | 242.9% | 0.2% |
| U.S. Bank | $220,000 | $480,000 | 118.2% | 0.2% |
| LIBERTY HOME MORTGAGE CORPORATION | $470,000 | n/a | 0.2% | |
| Nations Lending Corporation | $455,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $435,000 | n/a | 0.2% | |
| Isabella Bank | $700,000 | $430,000 | -38.6% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $605,000 | $415,000 | -31.4% | 0.2% |
| mBank | $585,000 | $410,000 | -29.9% | 0.2% |
| NBKC BANK | $1,040,000 | $405,000 | -61.1% | 0.2% |
| RUOFF MORTGAGE COMPANY, INC. | $680,000 | $405,000 | -40.4% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $715,000 | $400,000 | -44.1% | 0.1% |
| AmeriHome Mortgage Company, LLC | $320,000 | $395,000 | 23.4% | 0.1% |
| PLANET HOME LENDING, LLC | $135,000 | $385,000 | 185.2% | 0.1% |
| BROKER SOLUTIONS, INC. | $990,000 | $375,000 | -62.1% | 0.1% |
| Old National Bank | $375,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $485,000 | $370,000 | -23.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $375,000 | $360,000 | -4.0% | 0.1% |
| GENISYS | $25,000 | $355,000 | 1,320.0% | 0.1% |
| Honor Credit Union | $85,000 | $355,000 | 317.6% | 0.1% |
| First State Bank | $265,000 | $350,000 | 32.1% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $350,000 | n/a | 0.1% | |
| Wildfire Credit Union | $385,000 | $340,000 | -11.7% | 0.1% |
| ENVOY MORTGAGE, LTD | $325,000 | n/a | 0.1% | |
| TEAM ONE CREDIT UNION | $300,000 | $325,000 | 8.3% | 0.1% |
| Hometown Lenders, Inc. | $305,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $310,000 | $300,000 | -3.2% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $300,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $300,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $515,000 | $290,000 | -43.7% | 0.1% |
| Colten Mortgage, LLC | $165,000 | $280,000 | 69.7% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $295,000 | $275,000 | -6.8% | 0.1% |
| Arvest Bank | $270,000 | n/a | 0.1% | |
| ACCELERATE MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $535,000 | $250,000 | -53.3% | 0.1% |
| THE ANDERSON FINANCIAL GROUP, INC. | $245,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $230,000 | $240,000 | 4.3% | 0.1% |
| HARTFORD FUNDING, LTD. | $235,000 | n/a | 0.1% | |
| Bank of America | $1,040,000 | $230,000 | -77.9% | 0.1% |
| ADVISORS CAPITAL, INC. | $335,000 | $225,000 | -32.8% | 0.1% |
| GVC MORTGAGE, INC. | $155,000 | $225,000 | 45.2% | 0.1% |
| SOFI LENDING CORP. | $225,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $185,000 | $220,000 | 18.9% | 0.1% |
| Bank of England | $185,000 | $215,000 | 16.2% | 0.1% |
| EVERETT FINANCIAL, INC. | $260,000 | $215,000 | -17.3% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $800,000 | $210,000 | -73.8% | 0.1% |
| CONSUMERS | $375,000 | $205,000 | -45.3% | 0.1% |
| MARSHALL COMMUNITY CREDIT UNION | $205,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $250,000 | $205,000 | -18.0% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $340,000 | $205,000 | -39.7% | 0.1% |
| Strong Home Mortgage, LLC | $205,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $650,000 | $190,000 | -70.8% | 0.1% |
| CMG MORTGAGE, INC. | $185,000 | n/a | 0.1% | |
| Commercial Bank | $245,000 | $185,000 | -24.5% | 0.1% |
| Eaton Community Bank | $145,000 | $185,000 | 27.6% | 0.1% |
| MEMBERS FIRST Credit Union | $175,000 | n/a | 0.1% | |
| Call Federal Credit Union | $165,000 | n/a | 0.1% | |
| COMMUNITY FINANCIAL CREDIT UNION | $165,000 | n/a | 0.1% | |
| Kellogg Community Credit Union | $165,000 | n/a | 0.1% | |
| LAND HOME FINANCIAL SERVICES, INC. | $165,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $95,000 | $160,000 | 68.4% | 0.1% |
| Bank of Pontiac | $155,000 | n/a | 0.1% | |
| Grand River Bank | $155,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $155,000 | n/a | 0.1% | |
| GREENWOOD | $150,000 | n/a | 0.1% | |
| FinancialEdge Community Credit Union | $145,000 | n/a | 0.1% | |
| First Merchants Bank | $200,000 | $145,000 | -27.5% | 0.1% |
| Servion, Inc. | $145,000 | n/a | 0.1% | |
| Manufacturers and Traders Trust Company | $135,000 | n/a | 0.1% | |
| UNIVERSITY LENDING GROUP, LLC | $135,000 | n/a | 0.1% | |
| BayCoast Bank | $35,000 | $125,000 | 257.1% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $195,000 | $125,000 | -35.9% | 0.0% |
| ROSS MORTGAGE CORPORATION | $355,000 | $125,000 | -64.8% | 0.0% |
| SUMMIT FUNDING, INC. | $125,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $120,000 | n/a | 0.0% | |
| GreenStone Farm Credit Services, ACA | $120,000 | n/a | 0.0% | |
| ChoiceOne Bank | $295,000 | $115,000 | -61.0% | 0.0% |
| Sunflower Bank | $115,000 | n/a | 0.0% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $80,000 | $110,000 | 37.5% | 0.0% |
| Citizens Bank | $305,000 | $105,000 | -65.6% | 0.0% |
| ELGA CREDIT UNION | $135,000 | $105,000 | -22.2% | 0.0% |
| Gateway First Bank | $105,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $120,000 | $105,000 | -12.5% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $565,000 | $95,000 | -83.2% | 0.0% |
| Farmers StateBank of Munith | $95,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.0% | |
| FIRST HERITAGE FINANCIAL, LLC | $125,000 | $85,000 | -32.0% | 0.0% |
| LOANPAL, LLC | $85,000 | n/a | 0.0% | |
| MICHIGAN ONE COMMUNITY Credit Union | $85,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $465,000 | $75,000 | -83.9% | 0.0% |
| Goldwater Bank, N.A. | $75,000 | n/a | 0.0% | |
| InterContinental Capital Group, Inc | $75,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $280,000 | $75,000 | -73.2% | 0.0% |
| Wanigas Credit Union | $320,000 | $75,000 | -76.6% | 0.0% |
| ADVIA | $65,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $65,000 | n/a | 0.0% | |
| The Shelby State Bank | $155,000 | $65,000 | -58.1% | 0.0% |
| Dort Financial Credit Union | $55,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $45,000 | n/a | 0.0% |
Cadillac's top lender by overall market share is QUICKEN LOANS, LLC, with 11.5% market share. In second place, with 6.5%, is The Huntington National Bank, having originated $17,390,000 in loans. In third place, with 6.0%, is AMERIFIRST FINANCIAL CORPORATION, having originated $16,125,000 in loans. In fourth place, with 5.6%, is Fifth Third Bank, having originated $15,065,000 in loans. In fifth place, with 5.2%, is Independent Bank, having originated $13,950,000 in loans.
Cadillac Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cadillac (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $136,303 (13.6%) | $162,969 (9.7%) | 0.00 | 235 |
| 2018-02-01 | $144,175 (21.2%) | $169,333 (15.1%) | 0.00 | 220 |
| 2018-03-01 | $149,999 (18.6%) | $179,910 (17.7%) | 0.00 | 224 |
| 2018-04-01 | $149,200 (12.7%) | $177,298 (12.3%) | 0.00 | 229 |
| 2018-05-01 | $152,450 (10.3%) | $183,221 (12.1%) | 0.00 | 260 |
| 2018-06-01 | $160,000 (14.4%) | $186,869 (10.0%) | 0.00 | 289 |
| 2018-07-01 | $165,450 (19.0%) | $188,712 (10.9%) | 0.00 | 305 |
| 2018-08-01 | $165,225 (21.5%) | $187,981 (14.0%) | 0.00 | 298 |
| 2018-09-01 | $169,900 (22.0%) | $190,836 (14.3%) | 0.00 | 292 |
| 2018-10-01 | $169,925 (21.5%) | $193,656 (15.1%) | 0.00 | 265 |
| 2018-11-01 | $167,400 (20.9%) | $189,397 (15.1%) | 0.00 | 247 |
| 2018-12-01 | $154,900 (14.8%) | $184,801 (14.9%) | 0.00 | 217 |
| 2019-01-01 | $149,650 (9.8%) | $179,463 (10.1%) | 0.00 | 209 |
| 2019-02-01 | $145,800 (1.1%) | $173,877 (2.7%) | 0.00 | 203 |
| 2019-03-01 | $147,357 (-1.8%) | $172,993 (-3.8%) | 0.00 | 201 |
| 2019-04-01 | $145,207 (-2.7%) | $173,141 (-2.3%) | 0.00 | 207 |
| 2019-05-01 | $150,500 (-1.3%) | $181,610 (-0.9%) | 0.00 | 248 |
| 2019-06-01 | $169,000 (5.6%) | $197,080 (5.5%) | 0.00 | 268 |
| 2019-07-01 | $163,700 (-1.1%) | $195,803 (3.8%) | 0.00 | 303 |
| 2019-08-01 | $159,041 (-3.7%) | $192,879 (2.6%) | 0.00 | 311 |
| 2019-09-01 | $157,752 (-7.2%) | $191,433 (0.3%) | 0.00 | 309 |
| 2019-10-01 | $167,868 (-1.2%) | $199,539 (3.0%) | 0.00 | 271 |
| 2019-11-01 | $171,200 (2.3%) | $204,014 (7.7%) | 0.00 | 232 |
| 2019-12-01 | $164,925 (6.5%) | $197,608 (6.9%) | 0.00 | 205 |
| 2020-01-01 | $169,425 (13.2%) | $196,215 (9.3%) | 0.00 | 176 |
| 2020-02-01 | $189,900 (30.3%) | $216,043 (24.3%) | 0.00 | 157 |
| 2020-03-01 | $187,450 (27.2%) | $211,828 (22.5%) | 0.00 | 147 |
| 2020-04-01 | $184,925 (27.4%) | $214,760 (24.0%) | 0.00 | 142 |
| 2020-05-01 | $190,000 (26.3%) | $215,363 (18.6%) | 0.00 | 152 |
| 2020-06-01 | $174,900 (3.5%) | $207,833 (5.5%) | 0.00 | 139 |
| 2020-07-01 | $169,500 (3.5%) | $203,647 (4.0%) | 0.00 | 123 |
| 2020-08-01 | $179,450 (12.8%) | $211,194 (9.5%) | 0.00 | 108 |
| 2020-09-01 | $177,450 (12.5%) | $220,221 (15.0%) | 0.00 | 90 |
| 2020-10-01 | $168,000 (0.1%) | $205,756 (3.1%) | 0.00 | 81 |
| 2020-11-01 | $156,000 (-8.9%) | $192,659 (-5.6%) | 0.00 | 70 |
| 2020-12-01 | $158,150 (-4.1%) | $182,063 (-7.9%) | 0.00 | 61 |
| 2021-01-01 | $157,500 (-7.0%) | $182,410 (-7.0%) | 0.00 | 53 |
| 2021-02-01 | $144,950 (-23.7%) | $197,510 (-8.6%) | 0.00 | 42 |
| 2021-03-01 | $174,900 (-6.7%) | $218,348 (3.1%) | 0.00 | 39 |
| 2021-04-01 | $180,950 (-2.2%) | $226,612 (5.5%) | 0.00 | 39 |
| 2021-05-01 | $187,450 (-1.3%) | $233,611 (8.5%) | 0.00 | 42 |
| 2021-06-01 | $183,675 (5.0%) | $242,244 (16.6%) | 0.00 | 49 |
| 2021-07-01 | $162,450 (-4.2%) | $230,796 (13.3%) | 0.00 | 64 |
| 2021-08-01 | $169,450 (-5.6%) | $232,407 (10.0%) | 0.00 | 72 |
| 2021-09-01 | $191,975 (8.2%) | $247,485 (12.4%) | 0.00 | 77 |
| 2021-10-01 | $197,200 (17.4%) | $248,481 (20.8%) | 0.00 | 85 |
| 2021-11-01 | $200,950 (28.8%) | $230,294 (19.5%) | 0.00 | 76 |
| 2021-12-01 | $203,900 (28.9%) | $234,161 (28.6%) | 0.00 | 68 |
| 2022-01-01 | $182,175 (15.7%) | $229,406 (25.8%) | 0.00 | 62 |
| 2022-02-01 | $166,200 (14.7%) | $210,630 (6.6%) | 0.00 | 47 |
| 2022-03-01 | $163,675 (-6.4%) | $196,658 (-9.9%) | 0.00 | 47 |
| 2022-04-01 | $172,450 (-4.7%) | $218,774 (-3.5%) | 0.00 | 42 |
| 2022-05-01 | $195,725 (4.4%) | $247,625 (6.0%) | 0.00 | 56 |
| 2022-06-01 | $232,400 (26.5%) | $272,871 (12.6%) | 0.00 | 60 |
| 2022-07-01 | $249,900 (53.8%) | $270,268 (17.1%) | 0.00 | 86 |
| 2022-08-01 | $228,825 (35.0%) | $253,721 (9.2%) | 0.00 | 115 |
| 2022-09-01 | $212,449 (10.7%) | $250,738 (1.3%) | 0.00 | 115 |
| 2022-10-01 | $199,500 (1.2%) | $238,083 (-4.2%) | 0.00 | 101 |
| 2022-11-01 | $183,650 (-8.6%) | $227,456 (-1.2%) | 0.00 | 96 |
| 2022-12-01 | $182,250 (-10.6%) | $252,666 (7.9%) | 0.00 | 82 |
| 2023-01-01 | $188,450 (3.4%) | $259,150 (13.0%) | 0.00 | 64 |
| 2023-02-01 | $191,175 (15.0%) | $255,491 (21.3%) | 0.00 | 57 |
Cadillac's median listing price comes in at 0% of the national average.
Cadillac's average listing price for 2023-02-01 was $255,491, a difference of $44,861 (21.3%) versus the prior year and $-3,659 versus the prior month.
For the 2023-02-01 period, Cadillac had 57 MLS listings, a difference of -7 listings (-11%) versus the prior month and 10 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cadillac (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,584 sqft |
| 2018-02-01 | 0 days | 1,598 sqft |
| 2018-03-01 | 0 days | 1,661 sqft |
| 2018-04-01 | 0 days | 1,649 sqft |
| 2018-05-01 | 0 days | 1,650 sqft |
| 2018-06-01 | 0 days | 1,700 sqft |
| 2018-07-01 | 0 days | 1,749 sqft |
| 2018-08-01 | 0 days | 1,718 sqft |
| 2018-09-01 | 0 days | 1,743 sqft |
| 2018-10-01 | 0 days | 1,771 sqft |
| 2018-11-01 | 0 days | 1,733 sqft |
| 2018-12-01 | 0 days | 1,620 sqft |
| 2019-01-01 | 0 days | 1,621 sqft |
| 2019-02-01 | 0 days | 1,612 sqft |
| 2019-03-01 | 0 days | 1,621 sqft |
| 2019-04-01 | 0 days | 1,591 sqft |
| 2019-05-01 | 0 days | 1,575 sqft |
| 2019-06-01 | 0 days | 1,620 sqft |
| 2019-07-01 | 0 days | 1,751 sqft |
| 2019-08-01 | 0 days | 1,720 sqft |
| 2019-09-01 | 0 days | 1,674 sqft |
| 2019-10-01 | 0 days | 1,695 sqft |
| 2019-11-01 | 0 days | 1,800 sqft |
| 2019-12-01 | 0 days | 1,700 sqft |
| 2020-01-01 | 0 days | 1,637 sqft |
| 2020-02-01 | 0 days | 1,620 sqft |
| 2020-03-01 | 0 days | 1,618 sqft |
| 2020-04-01 | 0 days | 1,645 sqft |
| 2020-05-01 | 0 days | 1,721 sqft |
| 2020-06-01 | 0 days | 1,699 sqft |
| 2020-07-01 | 0 days | 1,588 sqft |
| 2020-08-01 | 0 days | 1,796 sqft |
| 2020-09-01 | 0 days | 1,758 sqft |
| 2020-10-01 | 0 days | 1,700 sqft |
| 2020-11-01 | 0 days | 1,615 sqft |
| 2020-12-01 | 0 days | 1,589 sqft |
| 2021-01-01 | 0 days | 1,458 sqft |
| 2021-02-01 | 0 days | 1,509 sqft |
| 2021-03-01 | 0 days | 1,528 sqft |
| 2021-04-01 | 0 days | 1,683 sqft |
| 2021-05-01 | 0 days | 1,607 sqft |
| 2021-06-01 | 0 days | 1,509 sqft |
| 2021-07-01 | 0 days | 1,456 sqft |
| 2021-08-01 | 0 days | 1,448 sqft |
| 2021-09-01 | 0 days | 1,562 sqft |
| 2021-10-01 | 0 days | 1,573 sqft |
| 2021-11-01 | 0 days | 1,608 sqft |
| 2021-12-01 | 0 days | 1,602 sqft |
| 2022-01-01 | 0 days | 1,565 sqft |
| 2022-02-01 | 0 days | 1,436 sqft |
| 2022-03-01 | 0 days | 1,421 sqft |
| 2022-04-01 | 0 days | 1,410 sqft |
| 2022-05-01 | 0 days | 1,449 sqft |
| 2022-06-01 | 0 days | 1,555 sqft |
| 2022-07-01 | 0 days | 1,686 sqft |
| 2022-08-01 | 0 days | 1,668 sqft |
| 2022-09-01 | 0 days | 1,600 sqft |
| 2022-10-01 | 0 days | 1,574 sqft |
| 2022-11-01 | 0 days | 1,509 sqft |
| 2022-12-01 | 0 days | 1,500 sqft |
| 2023-01-01 | 0 days | 1,558 sqft |
| 2023-02-01 | 0 days | 1,500 sqft |
Cadillac's median square footage for active listings during the 2023-02-01 period was 1,500 sqft. One year prior, the average listing was 1,436 sqft.
Cadillac, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 696 | $118,840,000 | $170,747 |
| Refi | 557 | $78,625,000 | $141,158 |
| Cash Out Refi | 411 | $60,255,000 | $146,606 |
| Home Improvement | 71 | $5,245,000 | $73,873 |
| Other | 69 | $6,095,000 | $88,333 |
Cadillac's most frequently cited loan purpose was Home Purchase, with 696 originations. The 2nd most popular reason was Refi, with 557 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 737 | $113,285,000 | $153,711 |
| 2.5-3% | 640 | $99,060,000 | $154,781 |
| <2.5% | 276 | $43,540,000 | $157,754 |
| 4-5% | 81 | $8,455,000 | $104,383 |
| Over 8% | 24 | $930,000 | $38,750 |
| 5-6% | 23 | $1,655,000 | $71,957 |
| 6-7% | 10 | $500,000 | $50,000 |
| 7-8% | 4 | $220,000 | $55,000 |
During 2021, Cadillac's most frequently originated rate bucket was 3-4%, with 737 originations.
Loan Sizing (Cadillac, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 857 | $121,385,000 | $141,639 |
| $100,000 or less | 565 | $38,365,000 | $67,903 |
| $200k-400k | 351 | $89,525,000 | $255,057 |
| $400k-600k | 25 | $11,615,000 | $464,600 |
| $600k-1000k | 3 | $2,485,000 | $828,333 |
| $Over $1MM | 3 | $5,685,000 | $1,895,000 |
Cadillac's loan sizing saw the bucket of loans from $100k-200k with 857 originations, totaling $121,385,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 620 | $108,130,000 | $174,403 |
| 60-80% | 571 | $94,645,000 | $165,753 |
| 40-60% | 300 | $36,600,000 | $122,000 |
| 20-40% | 157 | $12,505,000 | $79,650 |
| Under 20% | 59 | $2,015,000 | $34,153 |
| Over 100% | 12 | $5,620,000 | $468,333 |
Cadillac's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 620 originations, totaling $108,130,000 in origination value.