Coldwater Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Coldwater averaged 6.54% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.82% and one month ago for the week of 2023-02-16, the average rate was 6.74%.

    Coldwater's average rate one year ago was 4.22%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Coldwater 30 Year Fixed Rate 2023-03-23 6.54%
    Coldwater 30 Year Fixed Rate Refi 2023-03-23 6.54%
    Coldwater 15 Year Fixed Rate 2023-03-23 7.17%
    Coldwater 15 Year Fixed Rate Refi 2023-03-23 6.13%
    Coldwater 30 Year FHA 2023-03-23 6.57%
    Coldwater 30 Year FHA Refi 2023-03-23 6.14%
    Coldwater 30 Year USDA 2023-03-23 6.61%
    Coldwater 30 Year USDA Refi 2023-03-23 6.45%
    Coldwater 30 Year VA 2023-03-23 6.11%
    Coldwater 30 Year VA Refi 2023-03-23 5.85%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Coldwater, MI.

    Coldwater 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 Coldwater, 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
    OAK MORTGAGE, LLC 79 4.71% $2,872
    QUICKEN LOANS, LLC 36 5.28% $5,711
    CONSUMERS 22 5.45% $2,606
    AMERIFIRST FINANCIAL CORPORATION 20 5.76% $4,390
    Southern Michigan Bank & Trust 18 5.27% $2,820
    Honor Credit Union 9 5.35% $2,777
    UNITED WHOLESALE MORTGAGE, LLC 8 4.67% $9,518
    MORTGAGE CENTER L.C 7 4.70% $4,408
    MARSHALL COMMUNITY CREDIT UNION 7 5.50% $2,407
    RUOFF MORTGAGE COMPANY, INC. 7 4.84% $3,454
    LOANDEPOT.COM, LLC 6 4.10% $4,257
    PNC Bank 5 5.30% $3,778
    The Huntington National Bank 5 5.30% $3,265
    Farmers State Bank 5 4.77% $2,861
    Fifth Third Bank 4 3.88% $2,377
    MORTGAGE 1 INCORPORATED 4 4.68% $4,909
    GVC MORTGAGE, INC. 3 5.76% $5,917
    UNION HOME MORTGAGE CORP. 3 5.88% $4,210
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.87% $3,717
    The State Bank and Trust Company 3 5.13% $4,266
    Mr. Cooper ( Nationstar Mortgage ) 3 4.29% $4,598
    GUARANTEED RATE, INC. 3 4.96% $3,178
    MICHIGAN MUTUAL, INC. 3 6.50% $7,138
    JPMorgan Chase Bank 3 5.54% $3,470
    First Federal Bank of the Midwest 3 4.63% $3,479
    Flagstar Bank, FSB 3 4.49% $4,923
    AMERICAN FINANCING CORPORATION 2 4.06% $4,051
    MID AMERICA MORTGAGE, INC. 2 5.38% $9,483
    Neighborhood Loans, Inc. 2 4.88% $3,582
    HALLMARK HOME MORTGAGE, LLC 2 6.13% $3,619
    Carrington Mortgage Services, LLC 2 5.69% $4,528
    OMNI Community Credit Union 2 5.81% $2,889
    ROYAL UNITED MORTGAGE LLC 2 5.94% $6,291
    Citizens Bank 2 5.19% $4,838
    LAKE MICHIGAN CREDIT UNION 2 4.56% $3,510
    UNITED 2 5.56% $4,148
    GreenStone Farm Credit Services, FLCA 2 6.60% $2,079
    Wells Fargo Bank 2 5.81% $3,628
    The Farmers & Merchants State Bank 1 3.50% $3,201
    Three Rivers Federal Credit Union 1 4.00% $2,691
    United Bank of Michigan 1 5.25% $1,344
    VIBE CREDIT UNION 1 5.63% $5,904
    ZILLOW HOME LOANS, LLC 1 3.50% $3,283
    ARBOR FINANCIAL CREDIT UNION 1 5.75% $3,699
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.99% $7,583
    Barrington Bank & Trust Company, N.A. 1 4.25% $3,534
    Baxter Credit Union 1 4.75% $9,692
    CALCON MUTUAL MORTGAGE LLC 1 5.25% $3,230
    CALIBER HOME LOANS, INC. 1 6.63% $2,452
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 5.99% $4,532
    CHERRY CREEK MORTGAGE, LLC 1 4.88% $845
    CHURCHILL MORTGAGE CORPORATION 1 5.50% $2,716
    CROSSCOUNTRY MORTGAGE, LLC 1 6.45% $5,388
    Directions Credit Union, Inc. 1 6.75% $2,301
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.63% $10,830
    FIRST HERITAGE FINANCIAL, LLC 1 6.13% $8,964
    First Savings Bank 1 4.13% $5,343
    HOME POINT FINANCIAL CORPORATION 1 5.13% $5,834
    HOMESIDE FINANCIAL, LLC 1 6.50% $2,667
    Hometown Lenders, Inc. 1 5.13% $3,510
    Horizon Bank 1 5.63% $1,990
    Independent Bank 1 5.50% $3,395
    J. VIRGIL, INC. 1 6.75% $5,858
    Kellogg Community Credit Union 1 5.50% $3,636
    KeyBank 1 4.38% $3,358
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $6,984
    LOANPAL, LLC 1 3.75% $5,276
    M&T Bank 1 5.00% $5,392
    NETWORK CAPITAL FUNDING CORPORATION 1 4.38% $6,010
    NEWREZ LLC 1 3.88% $5,450
    Northwest Bank 1 7.88% $6,686
    Notre Dame Federal Credit Union Corporation 1 2.13% $2,704
    PENNYMAC LOAN SERVICES, LLC 1 4.25% $6,571
    PLANET HOME LENDING, LLC 1 5.75% $3,574
    PREMIA MORTGAGE, LLC 1 3.63% $4,281
    Superior Credit Union, Inc. 1 3.50% $3,663
    T2 FINANCIAL LLC 1 6.13% $16,574
    TEACHERS CREDIT UNION 1 3.25% $2,179
    The Croghan Colonial Bank 1 5.25% $3,437
    The Dart Bank 1 4.88% $4,138

    Coldwater Average Closing Costs & Other Stats

    Coldwater, MI's 80 lenders originated 1,015 loans during 2022. The total origination value was $189,165,000, with an average loan value of $186,369.

    Coldwater's average closing costs are $3,831.

    The top Coldwater lender as defined by loan originations is OAK MORTGAGE, LLC, with 79 loans originated. Their average total fees are $2,872, which is $2,839 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Coldwater lenders (with over 10 loans originated) are CONSUMERS ($2,606), Southern Michigan Bank & Trust ($2,820), OAK MORTGAGE, LLC ($2,872), AMERIFIRST FINANCIAL CORPORATION ($4,390) and QUICKEN LOANS, LLC ($5,711).

    The lowest rate Coldwater lenders (with over 10 loans originated) are OAK MORTGAGE, LLC (4.71%), Southern Michigan Bank & Trust (5.27%), QUICKEN LOANS, LLC (5.28%), CONSUMERS (5.45%) and AMERIFIRST FINANCIAL CORPORATION (5.76%).

    Coldwater, 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
    Fulton Bank $33,605,000 n/a 17.8%
    OAK MORTGAGE, LLC $18,190,000 $22,210,000 22.1% 11.7%
    QUICKEN LOANS, LLC $16,870,000 $12,210,000 -27.6% 6.5%
    Southern Michigan Bank & Trust $19,920,000 $10,715,000 -46.2% 5.7%
    AMERIFIRST FINANCIAL CORPORATION $15,530,000 $9,380,000 -39.6% 5.0%
    CONSUMERS $9,010,000 $6,350,000 -29.5% 3.4%
    Honor Credit Union $14,505,000 $6,060,000 -58.2% 3.2%
    Sturgis Bank & Trust Company $85,000 $5,620,000 6,511.8% 3.0%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $910,000 $5,520,000 506.6% 2.9%
    The Huntington National Bank $8,290,000 $4,255,000 -48.7% 2.2%
    PNC Bank $3,035,000 $4,165,000 37.2% 2.2%
    MARSHALL COMMUNITY CREDIT UNION $5,815,000 $3,660,000 -37.1% 1.9%
    First Federal Bank of the Midwest $1,690,000 $2,495,000 47.6% 1.3%
    UNITED WHOLESALE MORTGAGE, LLC $4,750,000 $2,375,000 -50.0% 1.3%
    Fifth Third Bank $2,480,000 $2,175,000 -12.3% 1.1%
    RUOFF MORTGAGE COMPANY, INC. $4,700,000 $2,160,000 -54.0% 1.1%
    GVC MORTGAGE, INC. $1,385,000 $2,100,000 51.6% 1.1%
    MORTGAGE CENTER L.C $945,000 $2,010,000 112.7% 1.1%
    LOANDEPOT.COM, LLC $2,490,000 $1,825,000 -26.7% 1.0%
    Mortgage Research Center, LLC $1,455,000 $1,750,000 20.3% 0.9%
    Farmers State Bank $1,560,000 $1,640,000 5.1% 0.9%
    The State Bank and Trust Company $1,050,000 $1,555,000 48.1% 0.8%
    Kellogg Community Credit Union $1,905,000 $1,460,000 -23.4% 0.8%
    LAKE MICHIGAN CREDIT UNION $2,965,000 $1,450,000 -51.1% 0.8%
    GreenStone Farm Credit Services, FLCA $1,330,000 $1,420,000 6.8% 0.8%
    BROKER SOLUTIONS, INC. $1,670,000 $1,390,000 -16.8% 0.7%
    Old National Bank $1,970,000 $1,335,000 -32.2% 0.7%
    Flagstar Bank, FSB $4,130,000 $1,320,000 -68.0% 0.7%
    MORTGAGE 1 INCORPORATED $1,815,000 $1,150,000 -36.6% 0.6%
    MID AMERICA MORTGAGE, INC. $740,000 $1,100,000 48.6% 0.6%
    GUARANTEED RATE, INC. $770,000 $1,030,000 33.8% 0.5%
    UNION HOME MORTGAGE CORP. $740,000 $1,030,000 39.2% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,640,000 $910,000 -75.0% 0.5%
    MICHIGAN MUTUAL, INC. $665,000 $835,000 25.6% 0.4%
    JPMorgan Chase Bank $1,235,000 $770,000 -37.7% 0.4%
    Lake City Bank $725,000 n/a 0.4%
    Wells Fargo Bank $615,000 $720,000 17.1% 0.4%
    HOME POINT FINANCIAL CORPORATION $735,000 $680,000 -7.5% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,370,000 $680,000 -50.4% 0.4%
    County National Bank $1,090,000 $675,000 -38.1% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $200,000 $670,000 235.0% 0.4%
    Neighborhood Loans, Inc. $470,000 $655,000 39.4% 0.3%
    Horizon Bank $525,000 $635,000 21.0% 0.3%
    Three Rivers Federal Credit Union $620,000 n/a 0.3%
    Baxter Credit Union $615,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $1,530,000 $615,000 -59.8% 0.3%
    Citizens Bank $190,000 $610,000 221.1% 0.3%
    The Dart Bank $575,000 n/a 0.3%
    ARBOR FINANCIAL CREDIT UNION $140,000 $565,000 303.6% 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 $555,000 258.1% 0.3%
    Independent Bank $525,000 $550,000 4.8% 0.3%
    First Merchants Bank $485,000 $545,000 12.4% 0.3%
    AMERICAN FINANCING CORPORATION $195,000 $540,000 176.9% 0.3%
    PREMIA MORTGAGE, LLC $535,000 n/a 0.3%
    The Croghan Colonial Bank $535,000 n/a 0.3%
    OMNI Community Credit Union $1,395,000 $530,000 -62.0% 0.3%
    AG Credit, Agricultural Credit Association $505,000 n/a 0.3%
    The Farmers & Merchants State Bank $780,000 $500,000 -35.9% 0.3%
    Waterstone Mortgage Corporation $500,000 n/a 0.3%
    T2 FINANCIAL LLC $495,000 n/a 0.3%
    21ST MORTGAGE CORPORATION $685,000 $485,000 -29.2% 0.3%
    TOP FLITE FINANCIAL, INC. $460,000 n/a 0.2%
    MIDWEST AMERICA $410,000 n/a 0.2%
    FIRST CHOICE MH LLC $610,000 $390,000 -36.1% 0.2%
    TEACHERS CREDIT UNION $305,000 $380,000 24.6% 0.2%
    Northwest Bank $405,000 $350,000 -13.6% 0.2%
    FIRST CENTENNIAL MORTGAGE CORPORATION $335,000 n/a 0.2%
    ProFed Federal Credit Union $515,000 $330,000 -35.9% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,700,000 $320,000 -81.2% 0.2%
    HALLMARK HOME MORTGAGE, LLC $500,000 $310,000 -38.0% 0.2%
    Superior Credit Union, Inc. $945,000 $305,000 -67.7% 0.2%
    VIBE CREDIT UNION $305,000 n/a 0.2%
    LOANPAL, LLC $125,000 $300,000 140.0% 0.2%
    UNITED $55,000 $290,000 427.3% 0.2%
    EQUITY RESOURCES, INC. $285,000 n/a 0.2%
    ADVIA $200,000 $260,000 30.0% 0.1%
    PENNYMAC LOAN SERVICES, LLC $645,000 $260,000 -59.7% 0.1%
    VAN DYK MORTGAGE CORPORATION $260,000 n/a 0.1%
    First Federal Bank $255,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $320,000 $255,000 -20.3% 0.1%
    FREEDOM MORTGAGE CORPORATION $1,895,000 $250,000 -86.8% 0.1%
    BETTER MORTGAGE CORPORATION $245,000 n/a 0.1%
    FIRST HERITAGE FINANCIAL, LLC $245,000 n/a 0.1%
    PLANET HOME LENDING, LLC $105,000 $240,000 128.6% 0.1%
    Carrington Mortgage Services, LLC $950,000 $235,000 -75.3% 0.1%
    Grand River Bank $235,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $500,000 $235,000 -53.0% 0.1%
    First National Bank of Pulaski $225,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $435,000 $220,000 -49.4% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $350,000 $220,000 -37.1% 0.1%
    NAVY FEDERAL CREDIT UNION $980,000 $220,000 -77.6% 0.1%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $490,000 $215,000 -56.1% 0.1%
    Barrington Bank & Trust Company, N.A. $155,000 $210,000 35.5% 0.1%
    1st Source Bank $205,000 n/a 0.1%
    NEWREZ LLC $525,000 $205,000 -61.0% 0.1%
    STAR Financial Bank $175,000 $205,000 17.1% 0.1%
    CONTOUR MORTGAGE CORPORATION $200,000 n/a 0.1%
    Homestead Savings Bank $355,000 $200,000 -43.7% 0.1%
    USAA Federal Savings Bank $195,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $185,000 n/a 0.1%
    Hometown Lenders, Inc. $185,000 n/a 0.1%
    Directions Credit Union, Inc. $235,000 $175,000 -25.5% 0.1%
    LONGBRIDGE FINANCIAL, LLC $175,000 n/a 0.1%
    J. VIRGIL, INC. $165,000 n/a 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $165,000 n/a 0.1%
    STAUNTON FINANCIAL, INC. $165,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $265,000 $165,000 -37.7% 0.1%
    GENEVA FINANCIAL, LLC $155,000 n/a 0.1%
    Bank of America $220,000 $145,000 -34.1% 0.1%
    CHURCHILL MORTGAGE CORPORATION $145,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $195,000 $145,000 -25.6% 0.1%
    NATIONS RELIABLE LENDING, LLC $145,000 n/a 0.1%
    Notre Dame Federal Credit Union Corporation $135,000 n/a 0.1%
    UIF CORPORATION $145,000 $135,000 -6.9% 0.1%
    First National Bank of America $125,000 n/a 0.1%
    KeyBank $450,000 $125,000 -72.2% 0.1%
    M&T Bank $495,000 $125,000 -74.7% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $115,000 n/a 0.1%
    CHERRY CREEK MORTGAGE, LLC $115,000 $115,000 0.0% 0.1%
    First Savings Bank $115,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $105,000 $115,000 9.5% 0.1%
    CREDIT UNION ONE $105,000 n/a 0.1%
    DFCU FINANCIAL $105,000 n/a 0.1%
    MEMBER FIRST MORTGAGE, LLC $200,000 $105,000 -47.5% 0.1%
    Nations Lending Corporation $200,000 $105,000 -47.5% 0.1%
    NEW DAY FINANCIAL, LLC $200,000 $105,000 -47.5% 0.1%
    VILLAGE CAPITAL MORTGAGE $1,760,000 $105,000 -94.0% 0.1%
    GREENSTATE CREDIT UNION $100,000 n/a 0.1%
    Discover Bank $85,000 $80,000 -5.9% 0.0%
    Commerce Home Mortgage, Inc. $65,000 n/a 0.0%
    COMMUNITY CHOICE CREDIT UNION $65,000 n/a 0.0%
    United Bank of Michigan $65,000 n/a 0.0%
    CALIBER HOME LOANS, INC. $1,140,000 $55,000 -95.2% 0.0%
    HIWAY $55,000 n/a 0.0%
    INOVA FEDERAL CREDIT UNION $55,000 n/a 0.0%
    Northpointe Bank $55,000 n/a 0.0%
    Mercantile Bank of Michigan $175,000 $45,000 -74.3% 0.0%
    GENISYS $590,000 $35,000 -94.1% 0.0%
    Meijer Credit Union $25,000 n/a 0.0%

    Coldwater's top lender by overall market share is Fulton Bank, with 17.8% market share. In second place, with 11.7%, is OAK MORTGAGE, LLC, having originated $22,210,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $12,210,000 in loans. In fourth place, with 5.7%, is Southern Michigan Bank & Trust, having originated $10,715,000 in loans. In fifth place, with 5.0%, is AMERIFIRST FINANCIAL CORPORATION, having originated $9,380,000 in loans.

    Coldwater Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Coldwater (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 $129,950 (-10.9%) $209,615 (11.6%) 0.00 156
    2018-02-01 $140,650 (-5.1%) $223,001 (9.0%) 0.00 158
    2018-03-01 $149,450 (-0.3%) $211,120 (-3.6%) 0.00 152
    2018-04-01 $153,400 (2.3%) $213,727 (-4.0%) 0.00 160
    2018-05-01 $158,400 (5.7%) $213,840 (-3.7%) 0.00 166
    2018-06-01 $161,000 (7.7%) $213,599 (-0.3%) 0.00 166
    2018-07-01 $160,950 (7.4%) $212,392 (0.1%) 0.00 179
    2018-08-01 $160,825 (3.8%) $212,195 (-0.3%) 0.00 177
    2018-09-01 $152,000 (1.4%) $210,190 (-1.4%) 0.00 168
    2018-10-01 $162,200 (10.2%) $207,704 (0.3%) 0.00 160
    2018-11-01 $157,625 (6.0%) $200,284 (-5.5%) 0.00 165
    2018-12-01 $149,900 (6.5%) $193,233 (-7.1%) 0.00 167
    2019-01-01 $146,400 (12.7%) $202,817 (-3.2%) 0.00 146
    2019-02-01 $137,675 (-2.1%) $201,193 (-9.8%) 0.00 141
    2019-03-01 $142,671 (-4.5%) $201,941 (-4.4%) 0.00 132
    2019-04-01 $149,084 (-2.8%) $205,182 (-4.0%) 0.00 133
    2019-05-01 $160,225 (1.2%) $222,805 (4.2%) 0.00 131
    2019-06-01 $159,900 (-0.7%) $223,954 (4.9%) 0.00 158
    2019-07-01 $156,625 (-2.7%) $217,516 (2.4%) 0.00 164
    2019-08-01 $148,564 (-7.6%) $210,365 (-0.9%) 0.00 165
    2019-09-01 $146,559 (-3.6%) $208,875 (-0.6%) 0.00 166
    2019-10-01 $144,975 (-10.6%) $205,583 (-1.0%) 0.00 165
    2019-11-01 $139,900 (-11.3%) $199,273 (-0.5%) 0.00 161
    2019-12-01 $138,613 (-7.5%) $205,432 (6.3%) 0.00 161
    2020-01-01 $139,450 (-4.8%) $206,607 (1.9%) 0.00 163
    2020-02-01 $139,900 (1.6%) $211,958 (5.4%) 0.00 169
    2020-03-01 $149,000 (4.4%) $225,414 (11.6%) 0.00 158
    2020-04-01 $146,000 (-2.1%) $237,143 (15.6%) 0.00 144
    2020-05-01 $156,500 (-2.3%) $248,078 (11.3%) 0.00 139
    2020-06-01 $149,800 (-6.3%) $249,355 (11.3%) 0.00 119
    2020-07-01 $161,150 (2.9%) $256,894 (18.1%) 0.00 112
    2020-08-01 $159,900 (7.6%) $270,220 (28.5%) 0.00 93
    2020-09-01 $159,900 (9.1%) $286,437 (37.1%) 0.00 81
    2020-10-01 $179,900 (24.1%) $278,581 (35.5%) 0.00 79
    2020-11-01 $179,900 (28.6%) $274,698 (37.9%) 0.00 79
    2020-12-01 $179,900 (29.8%) $274,044 (33.4%) 0.00 87
    2021-01-01 $159,900 (14.7%) $267,224 (29.3%) 0.00 82
    2021-02-01 $174,900 (25.0%) $293,856 (38.6%) 0.00 65
    2021-03-01 $197,425 (32.5%) $314,868 (39.7%) 0.00 54
    2021-04-01 $179,450 (22.9%) $319,652 (34.8%) 0.00 42
    2021-05-01 $179,500 (14.7%) $299,847 (20.9%) 0.00 45
    2021-06-01 $182,500 (21.8%) $303,049 (21.5%) 0.00 58
    2021-07-01 $177,000 (9.8%) $300,735 (17.1%) 0.00 60
    2021-08-01 $177,875 (11.2%) $304,801 (12.8%) 0.00 64
    2021-09-01 $168,600 (5.4%) $267,710 (-6.5%) 0.00 66
    2021-10-01 $179,000 (-0.5%) $303,323 (8.9%) 0.00 65
    2021-11-01 $193,700 (7.7%) $297,918 (8.5%) 0.00 71
    2021-12-01 $199,000 (10.6%) $302,006 (10.2%) 0.00 65
    2022-01-01 $199,000 (24.5%) $297,545 (11.4%) 0.00 56
    2022-02-01 $208,675 (19.3%) $310,779 (5.8%) 0.00 51
    2022-03-01 $203,450 (3.1%) $283,048 (-10.1%) 0.00 44
    2022-04-01 $204,950 (14.2%) $299,089 (-6.4%) 0.00 49
    2022-05-01 $231,950 (29.2%) $305,563 (1.9%) 0.00 68
    2022-06-01 $266,950 (46.3%) $323,919 (6.9%) 0.00 78
    2022-07-01 $239,900 (35.5%) $314,394 (4.5%) 0.00 102
    2022-08-01 $238,425 (34.0%) $321,617 (5.5%) 0.00 108
    2022-09-01 $239,675 (42.2%) $322,903 (20.6%) 0.00 110
    2022-10-01 $234,900 (31.2%) $326,754 (7.7%) 0.00 105
    2022-11-01 $238,675 (23.2%) $326,518 (9.6%) 0.00 98
    2022-12-01 $229,900 (15.5%) $318,975 (5.6%) 0.00 83
    2023-01-01 $229,675 (15.4%) $303,539 (2.0%) 0.00 84
    2023-02-01 $227,975 (9.3%) $312,571 (0.6%) 0.00 82
    Coldwater's median listing price for 2023-02-01 was $227,975, a difference of $19,300 (9.3%) versus the prior year and $-1,700 versus the prior month.

    Coldwater's median listing price comes in at 0% of the national average.

    Coldwater's average listing price for 2023-02-01 was $312,571, a difference of $1,792 (0.6%) versus the prior year and $9,032 versus the prior month.

    For the 2023-02-01 period, Coldwater had 82 MLS listings, a difference of -2 listings (-2%) versus the prior month and 31 listings (61%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Coldwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,580 sqft
    2018-02-01 0 days 1,585 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,586 sqft
    2018-05-01 0 days 1,582 sqft
    2018-06-01 0 days 1,560 sqft
    2018-07-01 0 days 1,600 sqft
    2018-08-01 0 days 1,603 sqft
    2018-09-01 0 days 1,600 sqft
    2018-10-01 0 days 1,600 sqft
    2018-11-01 0 days 1,600 sqft
    2018-12-01 0 days 1,587 sqft
    2019-01-01 0 days 1,616 sqft
    2019-02-01 0 days 1,605 sqft
    2019-03-01 0 days 1,597 sqft
    2019-04-01 0 days 1,600 sqft
    2019-05-01 0 days 1,632 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,624 sqft
    2019-08-01 0 days 1,601 sqft
    2019-09-01 0 days 1,650 sqft
    2019-10-01 0 days 1,683 sqft
    2019-11-01 0 days 1,693 sqft
    2019-12-01 0 days 1,670 sqft
    2020-01-01 0 days 1,688 sqft
    2020-02-01 0 days 1,668 sqft
    2020-03-01 0 days 1,682 sqft
    2020-04-01 0 days 1,679 sqft
    2020-05-01 0 days 1,672 sqft
    2020-06-01 0 days 1,600 sqft
    2020-07-01 0 days 1,650 sqft
    2020-08-01 0 days 1,706 sqft
    2020-09-01 0 days 1,759 sqft
    2020-10-01 0 days 1,693 sqft
    2020-11-01 0 days 1,640 sqft
    2020-12-01 0 days 1,646 sqft
    2021-01-01 0 days 1,546 sqft
    2021-02-01 0 days 1,682 sqft
    2021-03-01 0 days 1,659 sqft
    2021-04-01 0 days 1,600 sqft
    2021-05-01 0 days 1,530 sqft
    2021-06-01 0 days 1,584 sqft
    2021-07-01 0 days 1,526 sqft
    2021-08-01 0 days 1,765 sqft
    2021-09-01 0 days 1,630 sqft
    2021-10-01 0 days 1,743 sqft
    2021-11-01 0 days 1,813 sqft
    2021-12-01 0 days 1,800 sqft
    2022-01-01 0 days 1,800 sqft
    2022-02-01 0 days 1,855 sqft
    2022-03-01 0 days 1,831 sqft
    2022-04-01 0 days 1,726 sqft
    2022-05-01 0 days 1,790 sqft
    2022-06-01 0 days 1,964 sqft
    2022-07-01 0 days 1,821 sqft
    2022-08-01 0 days 1,683 sqft
    2022-09-01 0 days 1,836 sqft
    2022-10-01 0 days 1,862 sqft
    2022-11-01 0 days 1,854 sqft
    2022-12-01 0 days 1,720 sqft
    2023-01-01 0 days 1,797 sqft
    2023-02-01 0 days 1,778 sqft
    Coldwater's median listing age (time on market) for 2023-02-01 was 0 days.

    Coldwater's median square footage for active listings during the 2023-02-01 period was 1,778 sqft. One year prior, the average listing was 1,855 sqft.

    Coldwater, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 474 $129,540,000 $273,291
    Cash Out Refi 198 $28,240,000 $142,626
    Refi 144 $16,730,000 $116,181
    Home Improvement 106 $7,740,000 $73,019
    Other 93 $6,915,000 $74,355

    Coldwater's most frequently cited loan purpose was Home Purchase, with 474 originations. The 2nd most popular reason was Cash Out Refi, with 198 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 257 $40,315,000 $156,868
    3-4% 210 $68,710,000 $327,190
    4-5% 204 $37,120,000 $181,961
    6-7% 136 $18,060,000 $132,794
    2.5-3% 42 $9,200,000 $219,048
    Over 8% 39 $2,085,000 $53,462
    7-8% 39 $4,025,000 $103,205
    <2.5% 18 $3,570,000 $198,333

    During 2022, Coldwater's most frequently originated rate bucket was 5-6%, with 257 originations.

    Loan Sizing (Coldwater, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 427 $60,685,000 $142,119
    $100,000 or less 383 $21,295,000 $55,601
    $200k-400k 150 $40,240,000 $268,267
    $400k-600k 37 $17,775,000 $480,405
    $600k-1000k 11 $7,505,000 $682,273
    $Over $1MM 7 $41,665,000 $5,952,143

    Coldwater's loan sizing saw the bucket of loans from $100k-200k with 427 originations, totaling $60,685,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 364 $68,610,000 $188,489
    60-80% 248 $83,140,000 $335,242
    20-40% 131 $10,325,000 $78,817
    40-60% 112 $15,840,000 $141,429
    Under 20% 83 $3,565,000 $42,952
    Over 100% 6 $1,120,000 $186,667

    Coldwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 364 originations, totaling $68,610,000 in origination value.