Cadillac Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cadillac averaged
6.73%
for the week of 2024-03-14, compared to the national average of
6.74% for the same period.
The average rate for the prior week (2024-03-07) was
6.77% and
one month ago for the week of 2024-02-08, the
average rate was 6.83%.
Cadillac's average rate one year ago was 6.82%.
For refis of the same type during the week of 2024-03-14, the average rate
was 6.58%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-03-14 | 6.74% |
Cadillac 30 Year Fixed Rate | 2024-03-14 | 6.73% |
Cadillac 30 Year Fixed Rate Refi | 2024-03-14 | 6.58% |
Cadillac 15 Year Fixed Rate | 2024-03-14 | 6.06% |
Cadillac 15 Year Fixed Rate Refi | 2024-03-14 | 6.06% |
Cadillac 30 Year FHA | 2024-03-14 | 6.55% |
Cadillac 30 Year FHA Refi | 2024-03-14 | 6.8% |
Cadillac 30 Year USDA | 2024-03-14 | 6.69% |
Cadillac 30 Year USDA Refi | 2024-03-14 | 6.49% |
Cadillac 30 Year VA | 2024-03-14 | 6.44% |
Cadillac 30 Year VA Refi | 2024-03-14 | 6.34% |
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 86 lenders originated 1,280
loans during 2022. The total origination value was $188,180,000, with an average loan value of
$147,016.
Cadillac's average closing costs are $4,094.
The top Cadillac lender as defined by loan originations is Horizon Bank, with
44 loans originated. Their average total fees are
$2,762, which is $3,132
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Cadillac lenders (with over 10 loans originated) are
Horizon Bank ($2,762), UNITED WHOLESALE MORTGAGE, LLC ($2,813), The Huntington National Bank ($3,050), Mercantile Bank of Michigan ($3,101) and LAKE MICHIGAN CREDIT UNION ($3,319).
The lowest rate Cadillac lenders (with over 10 loans originated) are
The Huntington National Bank (4.54%), Independent Bank (4.90%), Mercantile Bank of Michigan (4.93%), Horizon Bank (4.95%) and LAKE MICHIGAN CREDIT UNION (5.16%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Horizon Bank | $11,855,000 | $24,195,000 | 104.1% | 12.9% |
The Huntington National Bank | $17,390,000 | $16,715,000 | -3.9% | 8.9% |
QUICKEN LOANS, LLC | $30,845,000 | $14,745,000 | -52.2% | 7.8% |
Fifth Third Bank | $15,065,000 | $10,230,000 | -32.1% | 5.4% |
CALIBER HOME LOANS, INC. | $12,695,000 | $9,510,000 | -25.1% | 5.1% |
Independent Bank | $13,950,000 | $8,085,000 | -42.0% | 4.3% |
J. VIRGIL, INC. | $11,475,000 | $7,515,000 | -34.5% | 4.0% |
UNITED WHOLESALE MORTGAGE, LLC | $5,390,000 | $6,965,000 | 29.2% | 3.7% |
AMERIFIRST FINANCIAL CORPORATION | $16,125,000 | $6,810,000 | -57.8% | 3.6% |
Mercantile Bank of Michigan | $12,770,000 | $6,475,000 | -49.3% | 3.4% |
MORTGAGE 1 INCORPORATED | $8,545,000 | $5,115,000 | -40.1% | 2.7% |
LAKE MICHIGAN CREDIT UNION | $7,570,000 | $4,445,000 | -41.3% | 2.4% |
GreenStone Farm Credit Services, FLCA | $7,705,000 | $4,225,000 | -45.2% | 2.2% |
Mortgage Research Center, LLC | $3,210,000 | $4,010,000 | 24.9% | 2.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $860,000 | $2,710,000 | 215.1% | 1.4% |
VAN DYK MORTGAGE CORPORATION | $3,490,000 | $2,490,000 | -28.7% | 1.3% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,265,000 | $2,195,000 | 73.5% | 1.2% |
LOANDEPOT.COM, LLC | $1,350,000 | $1,980,000 | 46.7% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $1,285,000 | $1,825,000 | 42.0% | 1.0% |
CREDIT UNION ONE | $1,225,000 | $1,725,000 | 40.8% | 0.9% |
GUARANTEED RATE, INC. | $1,580,000 | n/a | 0.8% | |
FREEDOM MORTGAGE CORPORATION | $4,055,000 | $1,440,000 | -64.5% | 0.8% |
Neighborhood Loans, Inc. | $1,970,000 | $1,370,000 | -30.5% | 0.7% |
NAVY FEDERAL CREDIT UNION | $785,000 | $1,365,000 | 73.9% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $1,815,000 | $1,305,000 | -28.1% | 0.7% |
UNION HOME MORTGAGE CORP. | $2,135,000 | $1,300,000 | -39.1% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $2,420,000 | $1,220,000 | -49.6% | 0.6% |
Nicolet National Bank | $1,200,000 | n/a | 0.6% | |
MORTGAGE CENTER L.C | $535,000 | $965,000 | 80.4% | 0.5% |
First National Bank of America | $935,000 | n/a | 0.5% | |
LENDINGHOME FUNDING CORPORATION | $935,000 | n/a | 0.5% | |
JPMorgan Chase Bank | $3,010,000 | $885,000 | -70.6% | 0.5% |
Citizens Bank | $105,000 | $865,000 | 723.8% | 0.5% |
T2 FINANCIAL LLC | $190,000 | $790,000 | 315.8% | 0.4% |
Flagstar Bank, FSB | $1,915,000 | $770,000 | -59.8% | 0.4% |
PNC Bank | $1,385,000 | $755,000 | -45.5% | 0.4% |
KeyBank | $735,000 | n/a | 0.4% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $300,000 | $700,000 | 133.3% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $840,000 | $695,000 | -17.3% | 0.4% |
FINANCE OF AMERICA MORTGAGE LLC | $690,000 | n/a | 0.4% | |
BROKER SOLUTIONS, INC. | $375,000 | $680,000 | 81.3% | 0.4% |
West Michigan Credit Union | $1,245,000 | $660,000 | -47.0% | 0.4% |
USAA Federal Savings Bank | $1,605,000 | $620,000 | -61.4% | 0.3% |
First Merchants Bank | $145,000 | $575,000 | 296.6% | 0.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $985,000 | $570,000 | -42.1% | 0.3% |
The Dart Bank | $1,120,000 | $570,000 | -49.1% | 0.3% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,550,000 | $540,000 | -65.2% | 0.3% |
DOW CHEMICAL EMPLOYEES' | $605,000 | $525,000 | -13.2% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $125,000 | $510,000 | 308.0% | 0.3% |
MICHIGAN MUTUAL, INC. | $290,000 | $505,000 | 74.1% | 0.3% |
21ST MORTGAGE CORPORATION | $480,000 | $495,000 | 3.1% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $955,000 | $495,000 | -48.2% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,545,000 | $495,000 | -68.0% | 0.3% |
NEWREZ LLC | $2,030,000 | $485,000 | -76.1% | 0.3% |
Notre Dame Federal Credit Union Corporation | $475,000 | n/a | 0.3% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $220,000 | $445,000 | 102.3% | 0.2% |
ELGA CREDIT UNION | $105,000 | $435,000 | 314.3% | 0.2% |
NP, Inc. | $435,000 | n/a | 0.2% | |
STAUNTON FINANCIAL, INC. | $750,000 | $430,000 | -42.7% | 0.2% |
CONSUMERS | $205,000 | $420,000 | 104.9% | 0.2% |
DFCU FINANCIAL | $535,000 | $405,000 | -24.3% | 0.2% |
AmeriHome Mortgage Company, LLC | $395,000 | $400,000 | 1.3% | 0.2% |
NEXERA HOLDING LLC | $395,000 | n/a | 0.2% | |
Wells Fargo Bank | $1,795,000 | $395,000 | -78.0% | 0.2% |
UNITED FINANCIAL Credit Union | $385,000 | n/a | 0.2% | |
AMERICAN HERITAGE LENDING, INC. | $375,000 | n/a | 0.2% | |
Northpointe Bank | $1,540,000 | $375,000 | -75.6% | 0.2% |
Macatawa Bank | $360,000 | n/a | 0.2% | |
BNC National Bank | $315,000 | n/a | 0.2% | |
Discover Bank | $315,000 | n/a | 0.2% | |
Baxter Credit Union | $305,000 | n/a | 0.2% | |
TEAM ONE CREDIT UNION | $325,000 | $305,000 | -6.2% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $240,000 | $295,000 | 22.9% | 0.2% |
Frankenmuth Credit Union | $645,000 | $295,000 | -54.3% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,495,000 | $295,000 | -80.3% | 0.2% |
Carrington Mortgage Services, LLC | $990,000 | $290,000 | -70.7% | 0.2% |
DAS Acquisition Company, LLC | $285,000 | n/a | 0.2% | |
Wildfire Credit Union | $340,000 | $285,000 | -16.2% | 0.2% |
EVERETT FINANCIAL, INC. | $215,000 | $265,000 | 23.3% | 0.1% |
MEMBER FIRST MORTGAGE, LLC | $415,000 | $260,000 | -37.3% | 0.1% |
AMERICAN ADVISORS GROUP | $120,000 | $250,000 | 108.3% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $250,000 | n/a | 0.1% | |
INTERCAP LENDING INC. | $245,000 | n/a | 0.1% | |
United Bank of Michigan | $240,000 | n/a | 0.1% | |
UNITED MORTGAGE CORP. | $225,000 | n/a | 0.1% | |
Wanigas Credit Union | $75,000 | $225,000 | 200.0% | 0.1% |
County National Bank | $210,000 | n/a | 0.1% | |
Nations Lending Corporation | $455,000 | $190,000 | -58.2% | 0.1% |
Ally Bank | $515,000 | $185,000 | -64.1% | 0.1% |
ARBOR FINANCIAL CREDIT UNION | $725,000 | $185,000 | -74.5% | 0.1% |
Isabella Bank | $430,000 | $185,000 | -57.0% | 0.1% |
LOANPAL, LLC | $85,000 | $185,000 | 117.6% | 0.1% |
Commerce Home Mortgage, Inc. | $175,000 | n/a | 0.1% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $940,000 | $175,000 | -81.4% | 0.1% |
First Guaranty Mortgage Corporation | $75,000 | $175,000 | 133.3% | 0.1% |
HOMESIDE FINANCIAL, LLC | $615,000 | $175,000 | -71.5% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $545,000 | $175,000 | -67.9% | 0.1% |
TOWNE MORTGAGE COMPANY | $250,000 | $175,000 | -30.0% | 0.1% |
Dort Financial Credit Union | $55,000 | $170,000 | 209.1% | 0.1% |
NEW ENGLAND FEDERAL CREDIT UNION | $165,000 | n/a | 0.1% | |
NORTHERN MORTGAGE SERVICES, LLC | $755,000 | $160,000 | -78.8% | 0.1% |
Platinum Home Mortgage Corporation | $160,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $400,000 | $160,000 | -60.0% | 0.1% |
Kellogg Community Credit Union | $165,000 | $155,000 | -6.1% | 0.1% |
GENISYS | $355,000 | $150,000 | -57.7% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,235,000 | $145,000 | -88.3% | 0.1% |
REVERSE MORTGAGE FUNDING LLC | $145,000 | n/a | 0.1% | |
The Federal Savings Bank | $145,000 | n/a | 0.1% | |
Bank of America | $230,000 | $135,000 | -41.3% | 0.1% |
MICHIGAN SCHOOLS AND GOVERNMENT | $110,000 | $130,000 | 18.2% | 0.1% |
Barrington Bank & Trust Company, N.A. | $95,000 | $125,000 | 31.6% | 0.1% |
BETTER MORTGAGE CORPORATION | $1,280,000 | $125,000 | -90.2% | 0.1% |
Citibank | $125,000 | n/a | 0.1% | |
Comerica Bank | $125,000 | n/a | 0.1% | |
LIBERTY HOME MORTGAGE CORPORATION | $470,000 | $125,000 | -73.4% | 0.1% |
BAYSHORE MORTGAGE FUNDING, LLC | $115,000 | n/a | 0.1% | |
Circle Federal Credit Union | $115,000 | n/a | 0.1% | |
First Savings Bank | $115,000 | n/a | 0.1% | |
GTE Federal Credit Union | $115,000 | n/a | 0.1% | |
VIBE CREDIT UNION | $115,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $105,000 | n/a | 0.1% | |
ROSS MORTGAGE CORPORATION | $125,000 | $105,000 | -16.0% | 0.1% |
1st State Financial, Ltd. | $95,000 | n/a | 0.1% | |
INLANTA MORTGAGE, INC. | $95,000 | n/a | 0.1% | |
Grand River Bank | $155,000 | $85,000 | -45.2% | 0.0% |
LEADERONE FINANCIAL CORPORATION | $275,000 | $85,000 | -69.1% | 0.0% |
MMS MORTGAGE SERVICES, LTD. | $85,000 | n/a | 0.0% | |
MICHIGAN FIRST CREDIT UNION | $80,000 | n/a | 0.0% | |
AMERICAN FINANCIAL RESOURCES, INC. | $160,000 | $75,000 | -53.1% | 0.0% |
CHERRY CREEK MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
BayCoast Bank | $125,000 | $70,000 | -44.0% | 0.0% |
U.S. Bank | $480,000 | $65,000 | -86.5% | 0.0% |
Figure Lending LLC | $55,000 | n/a | 0.0% | |
FINANCIAL PLUS CREDIT UNION | $55,000 | n/a | 0.0% | |
GreenStone Farm Credit Services, ACA | $120,000 | $55,000 | -54.2% | 0.0% |
PLANET HOME LENDING, LLC | $385,000 | $55,000 | -85.7% | 0.0% |
KALSEE CREDIT UNION | $45,000 | n/a | 0.0% | |
STOCKTON MORTGAGE CORPORATION | $350,000 | $45,000 | -87.1% | 0.0% |
COMMUNITY FINANCIAL CREDIT UNION | $165,000 | $15,000 | -90.9% | 0.0% |
LAFCU | $15,000 | n/a | 0.0% | |
UNIVERSITY OF MICHIGAN CREDIT UNION | $15,000 | n/a | 0.0% |
Cadillac's top lender by overall market share is Horizon Bank, with 12.9% market share. In second place, with 8.9%, is The Huntington National Bank, having originated $16,715,000 in loans. In third place, with 7.8%, is QUICKEN LOANS, LLC, having originated $14,745,000 in loans. In fourth place, with 5.4%, is Fifth Third Bank, having originated $10,230,000 in loans. In fifth place, with 5.1%, is CALIBER HOME LOANS, INC., having originated $9,510,000 in loans.
Cadillac Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cadillac (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $137,606 (14.3%) | $162,876 (9.1%) | 0.00 | 236 |
2018-02-01 | $143,900 (20.0%) | $169,208 (14.4%) | 0.00 | 221 |
2018-03-01 | $149,950 (17.9%) | $179,734 (17.4%) | 0.00 | 225 |
2018-04-01 | $148,325 (11.2%) | $177,081 (11.7%) | 0.00 | 230 |
2018-05-01 | $152,450 (9.2%) | $183,166 (11.7%) | 0.00 | 260 |
2018-06-01 | $160,000 (14.4%) | $186,966 (9.9%) | 0.00 | 289 |
2018-07-01 | $165,450 (18.8%) | $188,806 (10.8%) | 0.00 | 305 |
2018-08-01 | $165,950 (20.7%) | $188,413 (14.0%) | 0.00 | 299 |
2018-09-01 | $169,900 (22.0%) | $191,546 (14.5%) | 0.00 | 293 |
2018-10-01 | $169,950 (20.8%) | $194,086 (14.9%) | 0.00 | 266 |
2018-11-01 | $168,450 (20.9%) | $190,105 (14.8%) | 0.00 | 245 |
2018-12-01 | $154,900 (14.7%) | $185,582 (15.1%) | 0.00 | 216 |
2019-01-01 | $149,900 (8.9%) | $180,261 (10.7%) | 0.00 | 208 |
2019-02-01 | $146,725 (2.0%) | $174,655 (3.2%) | 0.00 | 202 |
2019-03-01 | $147,357 (-1.7%) | $173,827 (-3.3%) | 0.00 | 200 |
2019-04-01 | $145,207 (-2.1%) | $174,168 (-1.7%) | 0.00 | 205 |
2019-05-01 | $151,500 (-0.6%) | $182,296 (-0.5%) | 0.00 | 247 |
2019-06-01 | $169,000 (5.6%) | $197,768 (5.8%) | 0.00 | 267 |
2019-07-01 | $163,700 (-1.1%) | $195,774 (3.7%) | 0.00 | 301 |
2019-08-01 | $159,041 (-4.2%) | $192,849 (2.4%) | 0.00 | 310 |
2019-09-01 | $157,752 (-7.2%) | $191,420 (-0.1%) | 0.00 | 308 |
2019-10-01 | $167,868 (-1.2%) | $199,537 (2.8%) | 0.00 | 271 |
2019-11-01 | $171,200 (1.6%) | $204,014 (7.3%) | 0.00 | 232 |
2019-12-01 | $164,925 (6.5%) | $197,608 (6.5%) | 0.00 | 205 |
2020-01-01 | $169,425 (13.0%) | $196,215 (8.9%) | 0.00 | 176 |
2020-02-01 | $189,900 (29.4%) | $216,043 (23.7%) | 0.00 | 157 |
2020-03-01 | $187,450 (27.2%) | $211,828 (21.9%) | 0.00 | 147 |
2020-04-01 | $184,925 (27.4%) | $214,760 (23.3%) | 0.00 | 142 |
2020-05-01 | $192,900 (27.3%) | $215,363 (18.1%) | 0.00 | 151 |
2020-06-01 | $178,650 (5.7%) | $208,467 (5.4%) | 0.00 | 138 |
2020-07-01 | $174,925 (6.9%) | $206,811 (5.6%) | 0.00 | 120 |
2020-08-01 | $179,900 (13.1%) | $213,289 (10.6%) | 0.00 | 106 |
2020-09-01 | $179,900 (14.0%) | $222,852 (16.4%) | 0.00 | 88 |
2020-10-01 | $174,950 (4.2%) | $208,542 (4.5%) | 0.00 | 79 |
2020-11-01 | $164,000 (-4.2%) | $194,503 (-4.7%) | 0.00 | 69 |
2020-12-01 | $163,650 (-0.8%) | $183,826 (-7.0%) | 0.00 | 60 |
2021-01-01 | $159,000 (-6.2%) | $182,410 (-7.0%) | 0.00 | 53 |
2021-02-01 | $144,950 (-23.7%) | $197,510 (-8.6%) | 0.00 | 42 |
2021-03-01 | $178,450 (-4.8%) | $220,463 (4.1%) | 0.00 | 38 |
2021-04-01 | $180,950 (-2.2%) | $227,790 (6.1%) | 0.00 | 39 |
2021-05-01 | $187,450 (-2.8%) | $233,611 (8.5%) | 0.00 | 42 |
2021-06-01 | $183,675 (2.8%) | $242,244 (16.2%) | 0.00 | 49 |
2021-07-01 | $162,450 (-7.1%) | $230,796 (11.6%) | 0.00 | 64 |
2021-08-01 | $169,450 (-5.8%) | $232,407 (9.0%) | 0.00 | 72 |
2021-09-01 | $191,975 (6.7%) | $247,485 (11.1%) | 0.00 | 77 |
2021-10-01 | $197,200 (12.7%) | $248,481 (19.2%) | 0.00 | 85 |
2021-11-01 | $200,950 (22.5%) | $230,294 (18.4%) | 0.00 | 76 |
2021-12-01 | $203,900 (24.6%) | $234,161 (27.4%) | 0.00 | 68 |
2022-01-01 | $182,175 (14.6%) | $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 (-8.3%) | $196,658 (-10.8%) | 0.00 | 47 |
2022-04-01 | $172,450 (-4.7%) | $218,774 (-4.0%) | 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%) | $250,644 (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 |
2023-03-01 | $235,000 (43.6%) | $271,512 (38.1%) | 0.00 | 56 |
2023-04-01 | $267,500 (55.1%) | $288,083 (31.7%) | 0.00 | 59 |
2023-05-01 | $291,950 (49.2%) | $333,456 (34.7%) | 0.00 | 66 |
2023-06-01 | $286,150 (23.1%) | $323,574 (18.6%) | 0.00 | 81 |
2023-07-01 | $262,450 (5.0%) | $310,675 (15.0%) | 0.00 | 85 |
2023-08-01 | $264,250 (15.5%) | $304,673 (20.1%) | 0.00 | 97 |
2023-09-01 | $237,000 (11.6%) | $308,251 (23.0%) | 0.00 | 104 |
2023-10-01 | $244,850 (22.7%) | $294,984 (23.9%) | 0.00 | 103 |
2023-11-01 | $249,950 (36.1%) | $296,084 (30.2%) | 0.00 | 96 |
2023-12-01 | $225,000 (23.5%) | $291,030 (15.2%) | 0.00 | 89 |
2024-01-01 | $227,425 (20.7%) | $285,565 (10.2%) | 0.00 | 81 |
Cadillac's median listing price comes in at 0% of the national average.
Cadillac's average listing price for 2024-01-01 was $285,565, a difference of $26,415 (10.2%) versus the prior year and $-5,465 versus the prior month.
For the 2024-01-01 period, Cadillac had 81 MLS listings, a difference of -8 listings (-9%) versus the prior month and 17 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cadillac (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,587 sqft |
2018-02-01 | 0 days | 1,600 sqft |
2018-03-01 | 0 days | 1,661 sqft |
2018-04-01 | 0 days | 1,649 sqft |
2018-05-01 | 0 days | 1,649 sqft |
2018-06-01 | 0 days | 1,700 sqft |
2018-07-01 | 0 days | 1,749 sqft |
2018-08-01 | 0 days | 1,727 sqft |
2018-09-01 | 0 days | 1,744 sqft |
2018-10-01 | 0 days | 1,774 sqft |
2018-11-01 | 0 days | 1,735 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 | 1,593 sqft |
2019-05-01 | 0 days | 1,575 sqft |
2019-06-01 | 0 days | 1,620 sqft |
2019-07-01 | 0 days | 1,746 sqft |
2019-08-01 | 0 days | 1,719 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 | 1,732 sqft |
2020-06-01 | 0 days | 1,708 sqft |
2020-07-01 | 0 days | 1,608 sqft |
2020-08-01 | 0 days | 1,800 sqft |
2020-09-01 | 0 days | 1,800 sqft |
2020-10-01 | 0 days | 1,713 sqft |
2020-11-01 | 0 days | 1,621 sqft |
2020-12-01 | 0 days | 1,621 sqft |
2021-01-01 | 0 days | 1,514 sqft |
2021-02-01 | 0 days | 1,513 sqft |
2021-03-01 | 0 days | 1,557 sqft |
2021-04-01 | 0 days | 1,687 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 |
2023-03-01 | 0 days | 1,552 sqft |
2023-04-01 | 0 days | 1,523 sqft |
2023-05-01 | 0 days | 1,600 sqft |
2023-06-01 | 0 days | 1,600 sqft |
2023-07-01 | 0 days | 1,504 sqft |
2023-08-01 | 0 days | 1,469 sqft |
2023-09-01 | 0 days | 1,568 sqft |
2023-10-01 | 0 days | 1,585 sqft |
2023-11-01 | 0 days | 1,569 sqft |
2023-12-01 | 0 days | 1,510 sqft |
2024-01-01 | 0 days | 1,433 sqft |
Cadillac's median square footage for active listings during the 2024-01-01 period was 1,433 sqft. One year prior, the average listing was 1,558 sqft.
Cadillac, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 594 | $108,220,000 | $182,189 |
Cash Out Refi | 258 | $38,270,000 | $148,333 |
Refi | 187 | $21,395,000 | $114,412 |
Home Improvement | 162 | $13,470,000 | $83,148 |
Other | 79 | $6,825,000 | $86,392 |
Cadillac's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Cash Out Refi, with 258 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 336 | $49,820,000 | $148,274 |
4-5% | 259 | $40,375,000 | $155,888 |
3-4% | 240 | $39,520,000 | $164,667 |
6-7% | 207 | $32,045,000 | $154,807 |
7-8% | 74 | $8,130,000 | $109,865 |
2.5-3% | 64 | $9,780,000 | $152,813 |
<2.5% | 55 | $5,155,000 | $93,727 |
Over 8% | 45 | $3,355,000 | $74,556 |
During 2022, Cadillac's most frequently originated rate bucket was 5-6%, with 336 originations.
Loan Sizing (Cadillac, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 548 | $79,520,000 | $145,109 |
$100,000 or less | 443 | $26,685,000 | $60,237 |
$200k-400k | 261 | $67,335,000 | $257,989 |
$400k-600k | 21 | $9,735,000 | $463,571 |
$600k-1000k | 7 | $4,905,000 | $700,714 |
Cadillac's loan sizing saw the bucket of loans from $100k-200k with 548 originations, totaling $79,520,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 448 | $83,600,000 | $186,607 |
60-80% | 340 | $60,430,000 | $177,735 |
20-40% | 183 | $14,345,000 | $78,388 |
40-60% | 173 | $23,075,000 | $133,382 |
Under 20% | 109 | $3,975,000 | $36,468 |
Over 100% | 6 | $1,520,000 | $253,333 |
Cadillac's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 448 originations, totaling $83,600,000 in origination value.