Hillsdale 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 Hillsdale averaged 7.04% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.13% and one month ago for the week of 2023-08-17, the average rate was 7.04%.

    Hillsdale's average rate one year ago was 6.07%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.59%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Hillsdale 30 Year Fixed Rate 2023-09-21 7.04%
    Hillsdale 30 Year Fixed Rate Refi 2023-09-21 7.59%
    Hillsdale 15 Year Fixed Rate 2023-09-21 6.34%
    Hillsdale 15 Year Fixed Rate Refi 2023-09-21 6.54%
    Hillsdale 30 Year FHA 2023-09-21 6.83%
    Hillsdale 30 Year FHA Refi 2023-09-21 6.94%
    Hillsdale 30 Year USDA 2023-09-21 7.02%
    Hillsdale 30 Year USDA Refi 2023-09-21 7.12%
    Hillsdale 30 Year VA 2023-09-21 6.72%
    Hillsdale 30 Year VA Refi 2023-09-21 6.92%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hillsdale, MI.

    Hillsdale 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 Hillsdale, 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
    County National Bank 70 5.38% $3,695
    QUICKEN LOANS, LLC 29 5.15% $5,211
    RUOFF MORTGAGE COMPANY, INC. 24 5.24% $3,109
    Flagstar Bank, FSB 15 5.18% $3,289
    Fifth Third Bank 14 5.27% $3,209
    Southern Michigan Bank & Trust 12 5.38% $3,058
    AMERIFIRST FINANCIAL CORPORATION 12 5.75% $4,797
    UNITED WHOLESALE MORTGAGE, LLC 11 4.68% $5,368
    The Dart Bank 10 5.28% $3,168
    First Federal Bank of the Midwest 10 4.98% $3,046
    The Huntington National Bank 8 4.77% $3,755
    TLC COMMUNITY Credit Union 8 4.67% $2,677
    Old National Bank 7 5.57% $2,904
    The State Bank and Trust Company 6 4.35% $4,359
    OAK MORTGAGE, LLC 6 4.02% $2,753
    GreenStone Farm Credit Services, FLCA 6 6.31% $3,788
    GVC MORTGAGE, INC. 6 5.73% $4,748
    Honor Credit Union 5 4.73% $2,417
    MORTGAGE 1 INCORPORATED 5 5.60% $5,194
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 5.70% $4,534
    CROSSCOUNTRY MORTGAGE, LLC 5 5.00% $6,772
    Wells Fargo Bank 4 4.28% $3,690
    Mr. Cooper ( Nationstar Mortgage ) 4 5.21% $6,329
    JPMorgan Chase Bank 4 4.06% $2,785
    First Western Trust Bank 3 6.92% $4,714
    UNION HOME MORTGAGE CORP. 3 5.63% $3,075
    The Farmers & Merchants State Bank 3 5.12% $3,111
    Comerica Bank 3 5.58% $3,135
    LAKEVIEW LOAN SERVICING, LLC 3 4.92% $4,389
    CALIBER HOME LOANS, INC. 3 6.23% $5,708
    CONSUMERS 3 4.83% $4,215
    First Merchants Bank 2 4.88% $4,737
    Mortgage Research Center, LLC 2 6.43% $2,223
    AMERICAN FINANCING CORPORATION 2 4.44% $5,369
    MORTGAGE CENTER L.C 2 4.88% $5,977
    HOME POINT FINANCIAL CORPORATION 2 4.56% $4,015
    First Federal Savings and Loan Association of Lakewood 2 7.01% $2,740
    Citizens Bank 2 5.06% $5,751
    BROKER SOLUTIONS, INC. 2 5.49% $6,416
    KeyBank 2 4.31% $5,700
    EVERETT FINANCIAL, INC. 2 4.50% $1,907
    LOANDEPOT.COM, LLC 2 4.56% $2,658
    ROYAL UNITED MORTGAGE LLC 2 4.31% $6,334
    ProFed Federal Credit Union 2 4.56% $2,632
    TEACHERS CREDIT UNION 2 4.50% $2,911
    PNC Bank 2 5.63% $2,872
    COMMUNITY FINANCIAL CREDIT UNION 2 3.75% $2,791
    PENNYMAC LOAN SERVICES, LLC 2 5.37% $6,135
    NEWREZ LLC 2 3.56% $2,665
    MID AMERICA MORTGAGE, INC. 1 5.38% $3,582
    ACADEMY MORTGAGE CORPORATION 1 3.63% $2,862
    Ally Bank 1 3.75% $2,163
    AMERISAVE MORTGAGE CORPORATION 1 4.63% $2,792
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.25% $4,524
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.99% $6,723
    Citibank 1 3.88% $6,288
    Civista Bank 1 6.88% $2,797
    Colonial Savings, F.A. 1 5.25% $4,345
    DFCU FINANCIAL 1 5.38% $3,100
    Directions Credit Union, Inc. 1 5.25% $1,626
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.50% $4,173
    Farmers State Bank 1 5.49% $2,813
    FBC MORTGAGE, LLC 1 4.50% $1,894
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.00% $4,185
    FORT FINANCIAL Federal Credit Union 1 6.25% $2,741
    Gateway First Bank 1 5.00% $4,939
    GENEVA FINANCIAL, LLC 1 5.88% $5,522
    Hometown Lenders, Inc. 1 4.88% $8,110
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.00% $5,842
    Kellogg Community Credit Union 1 5.38% $2,687
    LAKE MICHIGAN CREDIT UNION 1 4.00% $3,387
    MARSHALL COMMUNITY CREDIT UNION 1 5.50% $3,181
    MEMBER FIRST MORTGAGE, LLC 1 3.88% $2,972
    Mercantile Bank of Michigan 1 5.63% $2,834
    MICHIGAN MUTUAL, INC. 1 5.88% $6,107
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 5.13% $3,892
    1st Source Bank 1 6.38% $2,657
    Morgan Stanley Private Bank 1 3.60% $2,776
    Neighborhood Loans, Inc. 1 3.50% $3,031
    NORTHERN MORTGAGE SERVICES, LLC 1 3.13% $3,232
    Paramount Residential Mortgage Group, Inc. 1 3.75% $3,787
    PLANET HOME LENDING, LLC 1 7.13% $3,502
    ROSS MORTGAGE CORPORATION 1 5.88% $5,154
    Semper Home Loans, Inc. 1 6.50% $8,045
    USAA Federal Savings Bank 1 6.13% $6,958
    U.S. Bank 1 4.88% $6,596

    Hillsdale Average Closing Costs & Other Stats

    Hillsdale, MI's 86 lenders originated 973 loans during 2022. The total origination value was $146,445,000, with an average loan value of $150,509.

    Hillsdale's average closing costs are $3,971.

    The top Hillsdale lender as defined by loan originations is County National Bank, with 70 loans originated. Their average total fees are $3,695, which is $1,516 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hillsdale lenders (with over 10 loans originated) are First Federal Bank of the Midwest ($3,046), Southern Michigan Bank & Trust ($3,058), RUOFF MORTGAGE COMPANY, INC. ($3,109), The Dart Bank ($3,168) and Fifth Third Bank ($3,209).

    The lowest rate Hillsdale lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.68%), First Federal Bank of the Midwest (4.98%), QUICKEN LOANS, LLC (5.15%), Flagstar Bank, FSB (5.18%) and RUOFF MORTGAGE COMPANY, INC. (5.24%).

    Hillsdale, 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
    County National Bank $31,145,000 $18,920,000 -39.3% 12.9%
    QUICKEN LOANS, LLC $23,080,000 $14,390,000 -37.7% 9.8%
    RUOFF MORTGAGE COMPANY, INC. $13,550,000 $7,935,000 -41.4% 5.4%
    The Huntington National Bank $13,430,000 $6,875,000 -48.8% 4.7%
    Southern Michigan Bank & Trust $10,160,000 $6,030,000 -40.6% 4.1%
    Fifth Third Bank $5,705,000 $5,445,000 -4.6% 3.7%
    UNITED WHOLESALE MORTGAGE, LLC $4,675,000 $4,740,000 1.4% 3.2%
    AMERIFIRST FINANCIAL CORPORATION $5,645,000 $4,540,000 -19.6% 3.1%
    Flagstar Bank, FSB $5,535,000 $3,785,000 -31.6% 2.6%
    The Dart Bank $3,125,000 $3,410,000 9.1% 2.3%
    Old National Bank $4,265,000 $3,000,000 -29.7% 2.0%
    Mortgage Research Center, LLC $2,730,000 $2,615,000 -4.2% 1.8%
    First Federal Bank of the Midwest $4,490,000 $2,460,000 -45.2% 1.7%
    MORTGAGE 1 INCORPORATED $6,905,000 $2,245,000 -67.5% 1.5%
    Honor Credit Union $4,185,000 $2,140,000 -48.9% 1.5%
    CROSSCOUNTRY MORTGAGE, LLC $2,560,000 $2,015,000 -21.3% 1.4%
    GVC MORTGAGE, INC. $1,590,000 $1,910,000 20.1% 1.3%
    TLC COMMUNITY Credit Union $1,660,000 $1,885,000 13.6% 1.3%
    The State Bank and Trust Company $1,455,000 $1,780,000 22.3% 1.2%
    PNC Bank $2,915,000 $1,710,000 -41.3% 1.2%
    OAK MORTGAGE, LLC $1,845,000 $1,700,000 -7.9% 1.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $3,015,000 $1,630,000 -45.9% 1.1%
    Mr. Cooper ( Nationstar Mortgage ) $2,090,000 $1,455,000 -30.4% 1.0%
    KeyBank $1,740,000 $1,445,000 -17.0% 1.0%
    Homestead Savings Bank $1,600,000 $1,380,000 -13.8% 0.9%
    AMERISAVE MORTGAGE CORPORATION $1,140,000 $1,310,000 14.9% 0.9%
    LOANDEPOT.COM, LLC $2,355,000 $1,275,000 -45.9% 0.9%
    The Farmers & Merchants State Bank $655,000 $1,240,000 89.3% 0.8%
    COMMUNITY CHOICE CREDIT UNION $790,000 $1,225,000 55.1% 0.8%
    JPMorgan Chase Bank $1,290,000 $1,180,000 -8.5% 0.8%
    GreenStone Farm Credit Services, FLCA $2,390,000 $1,110,000 -53.6% 0.8%
    Bank of America $345,000 $1,000,000 189.9% 0.7%
    FREEDOM MORTGAGE CORPORATION $2,870,000 $970,000 -66.2% 0.7%
    First Merchants Bank $920,000 n/a 0.6%
    HOME POINT FINANCIAL CORPORATION $2,275,000 $860,000 -62.2% 0.6%
    CONSUMERS $1,645,000 $845,000 -48.6% 0.6%
    Wells Fargo Bank $1,065,000 $800,000 -24.9% 0.5%
    Citizens Bank $720,000 $715,000 -0.7% 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,200,000 $705,000 -68.0% 0.5%
    UNIVERSITY LENDING GROUP, LLC $700,000 n/a 0.5%
    COMMUNITY FINANCIAL CREDIT UNION $435,000 $645,000 48.3% 0.4%
    Hometown Lenders, Inc. $145,000 $640,000 341.4% 0.4%
    Comerica Bank $775,000 $595,000 -23.2% 0.4%
    Barrington Bank & Trust Company, N.A. $320,000 $590,000 84.4% 0.4%
    Directions Credit Union, Inc. $155,000 $560,000 261.3% 0.4%
    MEMBER FIRST MORTGAGE, LLC $375,000 $555,000 48.0% 0.4%
    EVERETT FINANCIAL, INC. $335,000 $520,000 55.2% 0.4%
    UNION HOME MORTGAGE CORP. $2,570,000 $520,000 -79.8% 0.4%
    NEW DAY FINANCIAL, LLC $1,110,000 $505,000 -54.5% 0.3%
    MORTGAGE CENTER L.C $935,000 $480,000 -48.7% 0.3%
    AMERICAN FINANCING CORPORATION $390,000 $475,000 21.8% 0.3%
    BROKER SOLUTIONS, INC. $325,000 $455,000 40.0% 0.3%
    Neighborhood Loans, Inc. $820,000 $455,000 -44.5% 0.3%
    NEWREZ LLC $1,315,000 $450,000 -65.8% 0.3%
    DFCU FINANCIAL $620,000 $445,000 -28.2% 0.3%
    Farmers State Bank $540,000 $440,000 -18.5% 0.3%
    CALIBER HOME LOANS, INC. $2,580,000 $435,000 -83.1% 0.3%
    HOWARD HANNA FINANCIAL SERVICES, INC. $425,000 n/a 0.3%
    ProFed Federal Credit Union $95,000 $395,000 315.8% 0.3%
    U.S. Bank $250,000 $395,000 58.0% 0.3%
    First Federal Savings and Loan Association of Lakewood $390,000 n/a 0.3%
    MID AMERICA MORTGAGE, INC. $1,050,000 $390,000 -62.9% 0.3%
    SUCCESS MORTGAGE PARTNERS, INC. $1,090,000 $385,000 -64.7% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $370,000 $370,000 0.0% 0.3%
    GUARANTEED RATE AFFINITY, LLC $365,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $530,000 $355,000 -33.0% 0.2%
    AMERICAN ADVISORS GROUP $225,000 $350,000 55.6% 0.2%
    First Western Trust Bank $105,000 $335,000 219.0% 0.2%
    GUARANTEED RATE, INC. $975,000 $330,000 -66.2% 0.2%
    LAKE MICHIGAN CREDIT UNION $370,000 $330,000 -10.8% 0.2%
    TEACHERS CREDIT UNION $330,000 n/a 0.2%
    MARSHALL COMMUNITY CREDIT UNION $1,285,000 $325,000 -74.7% 0.2%
    Notre Dame Federal Credit Union Corporation $325,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $820,000 $320,000 -61.0% 0.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $485,000 $310,000 -36.1% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $280,000 $305,000 8.9% 0.2%
    ROYAL UNITED MORTGAGE LLC $450,000 $305,000 -32.2% 0.2%
    FBC MORTGAGE, LLC $285,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $320,000 $275,000 -14.1% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,925,000 $270,000 -86.0% 0.2%
    SUN Federal Credit Union $125,000 $270,000 116.0% 0.2%
    GENEVA FINANCIAL, LLC $255,000 n/a 0.2%
    FIRST OHIO HOME FINANCE, INC. $245,000 n/a 0.2%
    Sturgis Bank & Trust Company $730,000 $245,000 -66.4% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $465,000 $240,000 -48.4% 0.2%
    PLAZA HOME MORTGAGE, INC. $235,000 n/a 0.2%
    Carrington Mortgage Services, LLC $490,000 $230,000 -53.1% 0.2%
    LENDINGHOME FUNDING CORPORATION $230,000 n/a 0.2%
    FIRST CENTENNIAL MORTGAGE CORPORATION $225,000 n/a 0.2%
    Morgan Stanley Private Bank $225,000 n/a 0.2%
    First Savings Bank $185,000 $215,000 16.2% 0.1%
    NORTHERN MORTGAGE SERVICES, LLC $215,000 n/a 0.1%
    USAA Federal Savings Bank $185,000 $215,000 16.2% 0.1%
    AmeriHome Mortgage Company, LLC $135,000 $205,000 51.9% 0.1%
    Citibank $195,000 n/a 0.1%
    Nations Lending Corporation $445,000 $190,000 -57.3% 0.1%
    Colonial Savings, F.A. $185,000 n/a 0.1%
    FIRST HERITAGE FINANCIAL, LLC $185,000 n/a 0.1%
    UNITED MORTGAGE CORP. $345,000 $185,000 -46.4% 0.1%
    ACADEMY MORTGAGE CORPORATION $75,000 $175,000 133.3% 0.1%
    STAR Financial Bank $175,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $35,000 $170,000 385.7% 0.1%
    Ally Bank $440,000 $170,000 -61.4% 0.1%
    Abbott Laboratories Employees Credit Union $165,000 n/a 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $165,000 n/a 0.1%
    GENISYS $60,000 $165,000 175.0% 0.1%
    ROSS MORTGAGE CORPORATION $165,000 n/a 0.1%
    Semper Home Loans, Inc. $165,000 n/a 0.1%
    The Genoa Banking Company $165,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $1,350,000 $165,000 -87.8% 0.1%
    HOMESITE MORTGAGE, LLC $155,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $160,000 $155,000 -3.1% 0.1%
    The Union Bank Company $155,000 n/a 0.1%
    1st Source Bank $225,000 $145,000 -35.6% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $145,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $145,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $135,000 $145,000 7.4% 0.1%
    Zeal Credit Union $65,000 $140,000 115.4% 0.1%
    Civista Bank $135,000 n/a 0.1%
    CLEARPATH LENDING $135,000 n/a 0.1%
    Kellogg Community Credit Union $260,000 $135,000 -48.1% 0.1%
    CREDIT UNION ONE $150,000 $130,000 -13.3% 0.1%
    UNIVERSITY OF MICHIGAN CREDIT UNION $120,000 n/a 0.1%
    AmRes Corporation $115,000 n/a 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $115,000 n/a 0.1%
    ARBOR FINANCIAL CREDIT UNION $25,000 $105,000 320.0% 0.1%
    ELGA CREDIT UNION $105,000 n/a 0.1%
    Gateway First Bank $280,000 $105,000 -62.5% 0.1%
    UNITED $105,000 n/a 0.1%
    Lake Trust Credit Union $85,000 n/a 0.1%
    Mercantile Bank of Michigan $170,000 $85,000 -50.0% 0.1%
    MICHIGAN SCHOOLS AND GOVERNMENT $345,000 $85,000 -75.4% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $85,000 n/a 0.1%
    PHH Mortgage Corporation $115,000 $65,000 -43.5% 0.0%
    PLANET HOME LENDING, LLC $380,000 $65,000 -82.9% 0.0%
    Figure Lending LLC $110,000 $60,000 -45.5% 0.0%
    Discover Bank $120,000 $55,000 -54.2% 0.0%
    FORT FINANCIAL Federal Credit Union $85,000 $55,000 -35.3% 0.0%
    Frankenmuth Credit Union $45,000 n/a 0.0%
    SPRING EQ, LLC $25,000 $35,000 40.0% 0.0%

    Hillsdale's top lender by overall market share is County National Bank, with 12.9% market share. In second place, with 9.8%, is QUICKEN LOANS, LLC, having originated $14,390,000 in loans. In third place, with 5.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $7,935,000 in loans. In fourth place, with 4.7%, is The Huntington National Bank, having originated $6,875,000 in loans. In fifth place, with 4.1%, is Southern Michigan Bank & Trust, having originated $6,030,000 in loans.

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

    Realtor.com - Hillsdale (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 $140,900 (-3.6%) $167,147 (-7.3%) 0.00 155
    2018-02-01 $140,400 (-0.9%) $169,808 (-5.3%) 0.00 152
    2018-03-01 $139,900 (-0.4%) $170,638 (-5.3%) 0.00 158
    2018-04-01 $139,900 (-3.5%) $166,582 (-7.1%) 0.00 163
    2018-05-01 $139,900 (-1.4%) $165,250 (-6.8%) 0.00 164
    2018-06-01 $149,250 (7.0%) $177,599 (4.0%) 0.00 171
    2018-07-01 $149,500 (10.8%) $182,564 (12.0%) 0.00 191
    2018-08-01 $144,900 (5.8%) $176,910 (10.4%) 0.00 204
    2018-09-01 $144,900 (3.6%) $176,403 (9.2%) 0.00 217
    2018-10-01 $139,900 (3.5%) $173,676 (7.7%) 0.00 206
    2018-11-01 $142,400 (1.8%) $168,298 (0.4%) 0.00 199
    2018-12-01 $145,200 (1.9%) $169,999 (1.7%) 0.00 171
    2019-01-01 $130,400 (-7.5%) $157,791 (-5.6%) 0.00 149
    2019-02-01 $133,425 (-5.0%) $163,678 (-3.6%) 0.00 131
    2019-03-01 $143,471 (2.6%) $179,413 (5.1%) 0.00 132
    2019-04-01 $153,471 (9.7%) $195,553 (17.4%) 0.00 137
    2019-05-01 $165,400 (18.2%) $205,146 (24.1%) 0.00 153
    2019-06-01 $169,900 (13.8%) $208,325 (17.3%) 0.00 166
    2019-07-01 $160,950 (7.7%) $199,161 (9.1%) 0.00 180
    2019-08-01 $159,123 (9.8%) $196,613 (11.1%) 0.00 184
    2019-09-01 $159,307 (9.9%) $195,655 (10.9%) 0.00 188
    2019-10-01 $159,675 (14.1%) $195,016 (12.3%) 0.00 187
    2019-11-01 $164,900 (15.8%) $192,054 (14.1%) 0.00 178
    2019-12-01 $162,500 (11.9%) $185,448 (9.1%) 0.00 157
    2020-01-01 $159,950 (22.7%) $182,842 (15.9%) 0.00 130
    2020-02-01 $159,900 (19.8%) $184,790 (12.9%) 0.00 126
    2020-03-01 $164,350 (14.6%) $194,252 (8.3%) 0.00 124
    2020-04-01 $160,575 (4.6%) $193,323 (-1.1%) 0.00 118
    2020-05-01 $160,950 (-2.7%) $195,715 (-4.6%) 0.00 120
    2020-06-01 $174,400 (2.7%) $205,786 (-1.2%) 0.00 119
    2020-07-01 $189,450 (17.7%) $213,024 (7.0%) 0.00 116
    2020-08-01 $175,000 (10.0%) $207,013 (5.3%) 0.00 103
    2020-09-01 $194,700 (22.2%) $226,886 (16.0%) 0.00 83
    2020-10-01 $199,900 (25.2%) $238,571 (22.3%) 0.00 77
    2020-11-01 $169,900 (3.0%) $218,472 (13.8%) 0.00 78
    2020-12-01 $164,975 (1.5%) $207,789 (12.1%) 0.00 78
    2021-01-01 $156,500 (-2.2%) $199,972 (9.4%) 0.00 70
    2021-02-01 $147,450 (-7.8%) $191,527 (3.7%) 0.00 57
    2021-03-01 $156,500 (-4.8%) $206,417 (6.3%) 0.00 44
    2021-04-01 $164,450 (2.4%) $221,553 (14.6%) 0.00 44
    2021-05-01 $189,900 (18.0%) $231,983 (18.5%) 0.00 46
    2021-06-01 $197,400 (13.2%) $242,533 (17.9%) 0.00 48
    2021-07-01 $174,900 (-7.7%) $228,241 (7.1%) 0.00 60
    2021-08-01 $183,425 (4.8%) $233,944 (13.0%) 0.00 51
    2021-09-01 $178,650 (-8.2%) $229,734 (1.3%) 0.00 59
    2021-10-01 $167,900 (-16.0%) $235,017 (-1.5%) 0.00 60
    2021-11-01 $163,675 (-3.7%) $227,087 (3.9%) 0.00 65
    2021-12-01 $157,900 (-4.3%) $218,285 (5.1%) 0.00 64
    2022-01-01 $152,900 (-2.3%) $218,494 (9.3%) 0.00 55
    2022-02-01 $165,750 (12.4%) $235,730 (23.1%) 0.00 40
    2022-03-01 $194,950 (24.6%) $271,447 (31.5%) 0.00 42
    2022-04-01 $215,000 (30.7%) $311,794 (40.7%) 0.00 42
    2022-05-01 $224,950 (18.5%) $306,669 (32.2%) 0.00 56
    2022-06-01 $217,000 (9.9%) $308,767 (27.3%) 0.00 76
    2022-07-01 $195,000 (11.5%) $282,257 (23.7%) 0.00 87
    2022-08-01 $189,900 (3.5%) $263,606 (12.7%) 0.00 99
    2022-09-01 $201,050 (12.5%) $278,766 (21.3%) 0.00 92
    2022-10-01 $199,997 (19.1%) $278,820 (18.6%) 0.00 89
    2022-11-01 $205,300 (25.4%) $279,251 (23.0%) 0.00 87
    2022-12-01 $214,500 (35.9%) $281,807 (29.1%) 0.00 77
    2023-01-01 $207,400 (35.6%) $284,802 (30.4%) 0.00 63
    2023-02-01 $222,400 (34.2%) $299,873 (27.2%) 0.00 53
    2023-03-01 $228,650 (17.3%) $249,706 (-8.0%) 0.00 52
    2023-04-01 $239,900 (11.6%) $256,925 (-17.6%) 0.00 49
    2023-05-01 $259,925 (15.6%) $277,480 (-9.5%) 0.00 53
    2023-06-01 $253,675 (16.9%) $313,635 (1.6%) 0.00 63
    2023-07-01 $249,900 (28.2%) $303,509 (7.5%) 0.00 70
    2023-08-01 $248,000 (30.6%) $295,278 (12.0%) 0.00 76
    Hillsdale's median listing price for 2023-08-01 was $248,000, a difference of $58,100 (30.6%) versus the prior year and $-1,900 versus the prior month.

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

    Hillsdale's average listing price for 2023-08-01 was $295,278, a difference of $31,672 (12.0%) versus the prior year and $-8,231 versus the prior month.

    For the 2023-08-01 period, Hillsdale had 76 MLS listings, a difference of 6 listings (9%) versus the prior month and -23 listings (-23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,621 sqft
    2018-02-01 0 days 1,680 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,628 sqft
    2018-05-01 0 days 1,673 sqft
    2018-06-01 0 days 1,594 sqft
    2018-07-01 0 days 1,515 sqft
    2018-08-01 0 days 1,512 sqft
    2018-09-01 0 days 1,536 sqft
    2018-10-01 0 days 1,616 sqft
    2018-11-01 0 days 1,602 sqft
    2018-12-01 0 days 1,650 sqft
    2019-01-01 0 days 1,640 sqft
    2019-02-01 0 days 1,635 sqft
    2019-03-01 0 days 1,638 sqft
    2019-04-01 0 days 1,654 sqft
    2019-05-01 0 days 1,743 sqft
    2019-06-01 0 days 1,745 sqft
    2019-07-01 0 days 1,680 sqft
    2019-08-01 0 days 1,688 sqft
    2019-09-01 0 days 1,736 sqft
    2019-10-01 0 days 1,774 sqft
    2019-11-01 0 days 1,769 sqft
    2019-12-01 0 days 1,751 sqft
    2020-01-01 0 days 1,800 sqft
    2020-02-01 0 days 1,719 sqft
    2020-03-01 0 days 1,740 sqft
    2020-04-01 0 days 1,773 sqft
    2020-05-01 0 days 1,790 sqft
    2020-06-01 0 days 1,779 sqft
    2020-07-01 0 days 1,872 sqft
    2020-08-01 0 days 1,650 sqft
    2020-09-01 0 days 1,648 sqft
    2020-10-01 0 days 1,746 sqft
    2020-11-01 0 days 1,622 sqft
    2020-12-01 0 days 1,683 sqft
    2021-01-01 0 days 1,647 sqft
    2021-02-01 0 days 1,598 sqft
    2021-03-01 0 days 1,519 sqft
    2021-04-01 0 days 1,552 sqft
    2021-05-01 0 days 1,650 sqft
    2021-06-01 0 days 1,667 sqft
    2021-07-01 0 days 1,664 sqft
    2021-08-01 0 days 1,600 sqft
    2021-09-01 0 days 1,586 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,650 sqft
    2021-12-01 0 days 1,677 sqft
    2022-01-01 0 days 1,588 sqft
    2022-02-01 0 days 1,562 sqft
    2022-03-01 0 days 1,645 sqft
    2022-04-01 0 days 1,650 sqft
    2022-05-01 0 days 1,637 sqft
    2022-06-01 0 days 1,699 sqft
    2022-07-01 0 days 1,713 sqft
    2022-08-01 0 days 1,695 sqft
    2022-09-01 0 days 1,665 sqft
    2022-10-01 0 days 1,748 sqft
    2022-11-01 0 days 1,742 sqft
    2022-12-01 0 days 1,747 sqft
    2023-01-01 0 days 1,658 sqft
    2023-02-01 0 days 1,705 sqft
    2023-03-01 0 days 1,778 sqft
    2023-04-01 0 days 1,768 sqft
    2023-05-01 0 days 1,768 sqft
    2023-06-01 0 days 1,843 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,779 sqft
    Hillsdale's median listing age (time on market) for 2023-08-01 was 0 days.

    Hillsdale's median square footage for active listings during the 2023-08-01 period was 1,779 sqft. One year prior, the average listing was 1,695 sqft.

    Hillsdale, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 480 $88,200,000 $183,750
    Cash Out Refi 235 $33,365,000 $141,979
    Refi 117 $13,625,000 $116,453
    Home Improvement 87 $5,995,000 $68,908
    Other 54 $5,260,000 $97,407

    Hillsdale's most frequently cited loan purpose was Home Purchase, with 480 originations. The 2nd most popular reason was Cash Out Refi, with 235 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 243 $38,845,000 $159,856
    3-4% 216 $32,540,000 $150,648
    4-5% 212 $32,820,000 $154,811
    6-7% 126 $19,570,000 $155,317
    7-8% 60 $7,130,000 $118,833
    2.5-3% 56 $8,850,000 $158,036
    <2.5% 27 $3,735,000 $138,333
    Over 8% 19 $1,165,000 $61,316

    During 2022, Hillsdale's most frequently originated rate bucket was 5-6%, with 243 originations.

    Loan Sizing (Hillsdale, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 446 $64,650,000 $144,955
    $100,000 or less 306 $18,450,000 $60,294
    $200k-400k 195 $51,555,000 $264,385
    $400k-600k 25 $11,185,000 $447,400
    $600k-1000k 1 $605,000 $605,000

    Hillsdale's loan sizing saw the bucket of loans from $100k-200k with 446 originations, totaling $64,650,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 371 $66,785,000 $180,013
    60-80% 280 $48,310,000 $172,536
    40-60% 127 $17,475,000 $137,598
    20-40% 96 $7,760,000 $80,833
    Under 20% 78 $2,890,000 $37,051
    Over 100% 2 $730,000 $365,000

    Hillsdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 371 originations, totaling $66,785,000 in origination value.