Cadillac Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Cadillac averaged 6.93% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 7.09% and one month ago for the week of 2024-01-25, the average rate was 6.78%.

Cadillac's average rate one year ago was 6.72%.

For refis of the same type during the week of 2024-02-29, the average rate was 6.68%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Cadillac 30 Year Fixed Rate 2024-02-29 6.93%
Cadillac 30 Year Fixed Rate Refi 2024-02-29 6.68%
Cadillac 15 Year Fixed Rate 2024-02-29 6.16%
Cadillac 15 Year Fixed Rate Refi 2024-02-29 6.26%
Cadillac 30 Year FHA 2024-02-29 6.84%
Cadillac 30 Year FHA Refi 2024-02-29 6.69%
Cadillac 30 Year USDA 2024-02-29 6.63%
Cadillac 30 Year USDA Refi 2024-02-29 6.63%
Cadillac 30 Year VA 2024-02-29 6.72%
Cadillac 30 Year VA Refi 2024-02-29 6.72%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cadillac, MI.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Horizon Bank 44 4.95% $2,762
QUICKEN LOANS, LLC 42 5.35% $5,894
The Huntington National Bank 27 4.54% $3,050
CALIBER HOME LOANS, INC. 26 5.66% $4,140
Independent Bank 25 4.90% $4,185
AMERIFIRST FINANCIAL CORPORATION 25 5.33% $5,098
J. VIRGIL, INC. 24 5.57% $6,408
Mercantile Bank of Michigan 22 4.93% $3,101
Fifth Third Bank 21 5.38% $3,630
MORTGAGE 1 INCORPORATED 16 5.41% $5,681
UNITED WHOLESALE MORTGAGE, LLC 14 5.81% $2,813
LAKE MICHIGAN CREDIT UNION 11 5.16% $3,319
GreenStone Farm Credit Services, FLCA 11 5.91% $4,581
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 8 4.84% $3,212
CARDINAL FINANCIAL 7 5.73% $5,945
LOANDEPOT.COM, LLC 7 4.93% $5,039
VAN DYK MORTGAGE CORPORATION 6 5.06% $3,200
Mr. Cooper ( Nationstar Mortgage ) 6 5.04% $5,738
AMERISAVE MORTGAGE CORPORATION 5 4.75% $6,980
MORTGAGE CENTER L.C 5 4.93% $2,960
UNION HOME MORTGAGE CORP. 5 5.58% $3,433
JPMorgan Chase Bank 5 5.43% $2,858
Neighborhood Loans, Inc. 4 5.00% $4,220
FREEDOM MORTGAGE CORPORATION 4 6.03% $5,140
CREDIT UNION ONE 4 5.47% $3,903
MICHIGAN MUTUAL, INC. 3 4.17% $4,521
DOW CHEMICAL EMPLOYEES' 3 5.00% $2,218
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.17% $3,225
West Michigan Credit Union 3 5.96% $4,803
GUARANTEED RATE, INC. 3 4.83% $4,527
First Merchants Bank 3 5.13% $2,790
BROKER SOLUTIONS, INC. 3 6.04% $6,189
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.75% $4,994
Nicolet National Bank 2 4.38% $3,742
ROYAL UNITED MORTGAGE LLC 2 5.38% $6,076
STAUNTON FINANCIAL, INC. 2 5.68% $4,532
Flagstar Bank, FSB 2 4.24% $2,849
T2 FINANCIAL LLC 2 4.88% $3,961
CONSUMERS 2 6.13% $2,494
United Bank of Michigan 2 4.94% $1,661
FINANCE OF AMERICA MORTGAGE LLC 2 5.38% $10,181
Citizens Bank 2 4.88% $5,510
LAKEVIEW LOAN SERVICING, LLC 2 5.00% $3,490
PENNYMAC LOAN SERVICES, LLC 2 5.75% $5,295
Wildfire Credit Union 1 5.50% $1,817
21ST MORTGAGE CORPORATION 1 6.95% $5,562
Ally Bank 1 3.88% $1,834
AmeriHome Mortgage Company, LLC 1 4.63% $4,046
BETTER MORTGAGE CORPORATION 1 5.75% $2,585
BNC National Bank 1 4.75% $4,137
Carrington Mortgage Services, LLC 1 5.50% $5,249
CHERRY CREEK MORTGAGE, LLC 1 5.50% $860
Circle Federal Credit Union 1 6.63% $3,263
County National Bank 1 4.88% $2,444
CROSSCOUNTRY MORTGAGE, LLC 1 6.70% $4,887
DAS Acquisition Company, LLC 1 6.50% $6,380
DFCU FINANCIAL 1 4.88% $5,405
Discover Bank 1 6.99% $0
Dort Financial Credit Union 1 3.63% $2,302
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $4,258
First Savings Bank 1 5.13% $1,972
Frankenmuth Credit Union 1 3.25% $2,734
Grand River Bank 1 6.25% $2,318
INLANTA MORTGAGE, INC. 1 5.88% $2,751
INTERCAP LENDING INC. 1 3.88% $3,149
Kellogg Community Credit Union 1 3.50% $2,380
KeyBank 1 5.00% $3,524
LEADERONE FINANCIAL CORPORATION 1 6.13% $2,914
MEMBER FIRST MORTGAGE, LLC 1 4.25% $2,565
MMS MORTGAGE SERVICES, LTD. 1 5.00% $4,284
Mortgage Research Center, LLC 1 5.50% $2,604
NAVY FEDERAL CREDIT UNION 1 2.88% $11,226
NEW ENGLAND FEDERAL CREDIT UNION 1 4.75% $6,269
NEWREZ LLC 1 3.88% $4,157
NEXERA HOLDING LLC 1 8.63% $14,999
NORTHERN MORTGAGE SERVICES, LLC 1 5.25% $2,864
Notre Dame Federal Credit Union Corporation 1 3.00% $9,771
NP, Inc. 1 9.50% $7,619
PHH Mortgage Corporation 1 5.50% $5,927
ROSS MORTGAGE CORPORATION 1 5.75% $3,071
SUCCESS MORTGAGE PARTNERS, INC. 1 5.50% $3,399
TEAM ONE CREDIT UNION 1 5.63% $0
The Dart Bank 1 5.38% $3,430
Wanigas Credit Union 1 4.38% $2,682
Wells Fargo Bank 1 5.50% $6,383
1st State Financial, Ltd. 1 4.75% $1,895

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. Louis
Date 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 for 2024-01-01 was $227,425, a difference of $38,975 (20.7%) versus the prior year and $2,425 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-01-01 was 0 days.

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.