Hillsdale Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hillsdale averaged
6.74%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.54% and
one month ago for the week of 2024-09-05, the
average rate was 6.77%.
Hillsdale's average rate one year ago was 7.81%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Hillsdale 30 Year Fixed Rate | 2024-10-10 | 6.74% |
Hillsdale 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
Hillsdale 15 Year Fixed Rate | 2024-10-10 | 5.51% |
Hillsdale 15 Year Fixed Rate Refi | 2024-10-10 | 5.51% |
Hillsdale 30 Year FHA | 2024-10-10 | 6% |
Hillsdale 30 Year FHA Refi | 2024-10-10 | 6.3% |
Hillsdale 30 Year USDA | 2024-10-10 | 5.88% |
Hillsdale 30 Year USDA Refi | 2024-10-10 | 5.88% |
Hillsdale 30 Year VA | 2024-10-10 | 5.65% |
Hillsdale 30 Year VA Refi | 2024-10-10 | 5.75% |
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.).
Hillsdale Average Closing Costs & Other Stats
Hillsdale, MI's 68 lenders originated 696
loans during 2023. The total origination value was $116,290,000, with an average loan value of
$167,083.
Hillsdale's average closing costs are $4,118.
The top Hillsdale lender as defined by loan originations is County National Bank, with
56 loans originated. Their average total fees are
$4,061, which is $1,452
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Hillsdale lenders (with over 10 loans originated) are
Flagstar Bank, FSB ($3,348), County National Bank ($4,061), UNITED WHOLESALE MORTGAGE, LLC ($4,759), QUICKEN LOANS, LLC ($5,513) and UNION HOME MORTGAGE CORP. ($5,865).
The lowest rate Hillsdale lenders (with over 10 loans originated) are
County National Bank (6.90%), QUICKEN LOANS, LLC (6.90%), UNITED WHOLESALE MORTGAGE, LLC (7.05%), Flagstar Bank, FSB (7.15%) and UNION HOME MORTGAGE CORP. (7.41%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Merchants Capital Corp. | $18,525,000 | n/a | 15.9% | |
County National Bank | $18,920,000 | $11,900,000 | -37.1% | 10.2% |
QUICKEN LOANS, LLC | $14,390,000 | $10,475,000 | -27.2% | 9.0% |
Southern Michigan Bank & Trust | $6,030,000 | $7,715,000 | 27.9% | 6.6% |
UNION HOME MORTGAGE CORP. | $520,000 | $4,340,000 | 734.6% | 3.7% |
The Huntington National Bank | $6,875,000 | $4,290,000 | -37.6% | 3.7% |
UNITED WHOLESALE MORTGAGE, LLC | $4,740,000 | $4,195,000 | -11.5% | 3.6% |
Mortgage Research Center, LLC | $2,615,000 | $3,665,000 | 40.2% | 3.2% |
Fifth Third Bank | $5,445,000 | $2,310,000 | -57.6% | 2.0% |
The Dart Bank | $3,410,000 | $2,180,000 | -36.1% | 1.9% |
Flagstar Bank, FSB | $3,785,000 | $2,165,000 | -42.8% | 1.9% |
CROSSCOUNTRY MORTGAGE, LLC | $2,015,000 | $2,025,000 | 0.5% | 1.7% |
GVC MORTGAGE, INC. | $1,910,000 | $1,935,000 | 1.3% | 1.7% |
MORTGAGE 1 INCORPORATED | $2,245,000 | $1,910,000 | -14.9% | 1.6% |
GreenStone Farm Credit Services, FLCA | $1,110,000 | $1,620,000 | 45.9% | 1.4% |
First Federal Bank of the Midwest | $2,460,000 | $1,500,000 | -39.0% | 1.3% |
RUOFF MORTGAGE COMPANY, INC. | $7,935,000 | $1,500,000 | -81.1% | 1.3% |
OAK MORTGAGE, LLC | $1,700,000 | $1,395,000 | -17.9% | 1.2% |
COMMUNITY CHOICE CREDIT UNION | $1,225,000 | $1,365,000 | 11.4% | 1.2% |
DFCU FINANCIAL | $445,000 | $1,295,000 | 191.0% | 1.1% |
Homestead Savings Bank | $1,380,000 | $1,020,000 | -26.1% | 0.9% |
TLC COMMUNITY Credit Union | $1,885,000 | $995,000 | -47.2% | 0.9% |
BROKER SOLUTIONS, INC. | $455,000 | $945,000 | 107.7% | 0.8% |
STAUNTON FINANCIAL, INC. | $885,000 | n/a | 0.8% | |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $310,000 | $795,000 | 156.5% | 0.7% |
PNC Bank | $1,710,000 | $765,000 | -55.3% | 0.7% |
Honor Credit Union | $2,140,000 | $750,000 | -65.0% | 0.6% |
EQUITY RESOURCES, INC. | $740,000 | n/a | 0.6% | |
First Federal Savings and Loan Association of Lakewood | $390,000 | $740,000 | 89.7% | 0.6% |
LAKE MICHIGAN CREDIT UNION | $330,000 | $670,000 | 103.0% | 0.6% |
MARSHALL COMMUNITY CREDIT UNION | $325,000 | $570,000 | 75.4% | 0.5% |
Old National Bank | $3,000,000 | $545,000 | -81.8% | 0.5% |
ROYAL UNITED MORTGAGE LLC | $305,000 | $505,000 | 65.6% | 0.4% |
Barrington Bank & Trust Company, N.A. | $590,000 | $480,000 | -18.6% | 0.4% |
Figure Lending LLC | $60,000 | $470,000 | 683.3% | 0.4% |
Carrington Mortgage Services, LLC | $230,000 | $465,000 | 102.2% | 0.4% |
The Farmers & Merchants State Bank | $1,240,000 | $450,000 | -63.7% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $435,000 | n/a | 0.4% | |
Directions Credit Union, Inc. | $560,000 | $425,000 | -24.1% | 0.4% |
First Financial Bank | $425,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,455,000 | $420,000 | -71.1% | 0.4% |
Citizens Bank | $715,000 | $415,000 | -42.0% | 0.4% |
Comerica Bank | $595,000 | $415,000 | -30.3% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $970,000 | $400,000 | -58.8% | 0.3% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,630,000 | $395,000 | -75.8% | 0.3% |
The State Bank and Trust Company | $1,780,000 | $395,000 | -77.8% | 0.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $305,000 | $390,000 | 27.9% | 0.3% |
KeyBank | $1,445,000 | $385,000 | -73.4% | 0.3% |
TOWNE MORTGAGE COMPANY | $370,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $215,000 | $365,000 | 69.8% | 0.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $365,000 | n/a | 0.3% | |
AmRes Corporation | $115,000 | $350,000 | 204.3% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $235,000 | $345,000 | 46.8% | 0.3% |
American 1 Credit Union | $325,000 | n/a | 0.3% | |
J. VIRGIL, INC. | $325,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $705,000 | $320,000 | -54.6% | 0.3% |
Waterstone Mortgage Corporation | $320,000 | n/a | 0.3% | |
Bank of America | $1,000,000 | $315,000 | -68.5% | 0.3% |
MLD MORTGAGE INC. | $305,000 | n/a | 0.3% | |
MOVEMENT MORTGAGE, LLC | $285,000 | n/a | 0.2% | |
Waterford Bank, N.A. | $285,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $385,000 | $270,000 | -29.9% | 0.2% |
LOANDEPOT.COM, LLC | $1,275,000 | $260,000 | -79.6% | 0.2% |
BAY EQUITY LLC | $255,000 | n/a | 0.2% | |
Farmers State Bank | $440,000 | $255,000 | -42.0% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $355,000 | $250,000 | -29.6% | 0.2% |
CLEARPATH LENDING | $135,000 | $245,000 | 81.5% | 0.2% |
Superior Credit Union, Inc. | $245,000 | n/a | 0.2% | |
Northwest Federal Credit Union | $235,000 | n/a | 0.2% | |
LONGBRIDGE FINANCIAL, LLC | $220,000 | n/a | 0.2% | |
SUN Federal Credit Union | $270,000 | $220,000 | -18.5% | 0.2% |
West Michigan Community Bank | $215,000 | n/a | 0.2% | |
FORT FINANCIAL Federal Credit Union | $55,000 | $205,000 | 272.7% | 0.2% |
HALLMARK HOME MORTGAGE, LLC | $205,000 | n/a | 0.2% | |
Civista Bank | $135,000 | $195,000 | 44.4% | 0.2% |
Preston Home Loans Inc | $195,000 | n/a | 0.2% | |
Discover Bank | $55,000 | $190,000 | 245.5% | 0.2% |
Union Savings Bank | $185,000 | n/a | 0.2% | |
CHERRY CREEK MORTGAGE, LLC | $175,000 | n/a | 0.2% | |
Regions Bank | $175,000 | n/a | 0.2% | |
CARDINAL FINANCIAL | $240,000 | $170,000 | -29.2% | 0.1% |
Plains Commerce Bank | $165,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $1,310,000 | $160,000 | -87.8% | 0.1% |
CONSUMERS | $845,000 | $160,000 | -81.1% | 0.1% |
CORNERSTONE HOME LENDING, INC. | $160,000 | n/a | 0.1% | |
HOMEXPRESS MORTGAGE CORP. | $155,000 | n/a | 0.1% | |
Countybank | $145,000 | n/a | 0.1% | |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
NEWREZ LLC | $450,000 | $145,000 | -67.8% | 0.1% |
TEACHERS CREDIT UNION | $330,000 | $145,000 | -56.1% | 0.1% |
Wells Fargo Bank | $800,000 | $145,000 | -81.9% | 0.1% |
CREDIT UNION ONE | $130,000 | $140,000 | 7.7% | 0.1% |
AMERICAN INTERNET MORTGAGE, INC. | $135,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $115,000 | $135,000 | 17.4% | 0.1% |
Deere Employees Credit Union | $130,000 | n/a | 0.1% | |
First Merchants Bank | $920,000 | $130,000 | -85.9% | 0.1% |
First Financial Bank | $125,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $330,000 | $125,000 | -62.1% | 0.1% |
JPMorgan Chase Bank | $1,180,000 | $125,000 | -89.4% | 0.1% |
VIBE CREDIT UNION | $125,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $120,000 | n/a | 0.1% | |
NATIONS RELIABLE LENDING, LLC | $115,000 | n/a | 0.1% | |
Portage Community Bank | $115,000 | n/a | 0.1% | |
Eaton Community Bank | $105,000 | n/a | 0.1% | |
Independent Bank | $105,000 | n/a | 0.1% | |
LIMA ONE CAPITAL, LLC | $105,000 | n/a | 0.1% | |
Michigan Educational Credit Union | $105,000 | n/a | 0.1% | |
MIDWEST AMERICA | $105,000 | n/a | 0.1% | |
Horizon Bank | $95,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $95,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $370,000 | $85,000 | -77.0% | 0.1% |
MICHIGAN SCHOOLS AND GOVERNMENT | $85,000 | $80,000 | -5.9% | 0.1% |
Northpointe Bank | $65,000 | n/a | 0.1% | |
Zeal Credit Union | $140,000 | $65,000 | -53.6% | 0.1% |
ADVIA | $55,000 | n/a | 0.0% | |
Connexus Credit Union | $55,000 | n/a | 0.0% | |
KALSEE CREDIT UNION | $55,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $65,000 | $55,000 | -15.4% | 0.0% |
STAR Financial Bank | $175,000 | $55,000 | -68.6% | 0.0% |
Sturgis Bank & Trust Company | $245,000 | $55,000 | -77.6% | 0.0% |
Three Rivers Federal Credit Union | $55,000 | n/a | 0.0% | |
Christian Financial Credit Union | $45,000 | n/a | 0.0% | |
GREENSTATE CREDIT UNION | $45,000 | n/a | 0.0% | |
LAFCU | $45,000 | n/a | 0.0% | |
MORTGAGE CENTER L.C | $480,000 | $45,000 | -90.6% | 0.0% |
SPRING EQ, LLC | $35,000 | $45,000 | 28.6% | 0.0% |
COMMUNITY FINANCIAL CREDIT UNION | $645,000 | $40,000 | -93.8% | 0.0% |
CASE | $35,000 | n/a | 0.0% | |
U.S. Bank | $395,000 | $25,000 | -93.7% | 0.0% |
Lake Trust Credit Union | $85,000 | $15,000 | -82.4% | 0.0% |
Hillsdale's top lender by overall market share is Merchants Capital Corp., with 15.9% market share. In second place, with 10.2%, is County National Bank, having originated $11,900,000 in loans. In third place, with 9.0%, is QUICKEN LOANS, LLC, having originated $10,475,000 in loans. In fourth place, with 6.6%, is Southern Michigan Bank & Trust, having originated $7,715,000 in loans. In fifth place, with 3.7%, is UNION HOME MORTGAGE CORP., having originated $4,340,000 in loans.
Hillsdale Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Hillsdale (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 | $141,900 (-3.0%) | $167,164 (-7.3%) | 0.00 | 156 |
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 (3.9%) | 0.00 | 171 |
2018-07-01 | $149,500 (10.7%) | $182,564 (11.9%) | 0.00 | 191 |
2018-08-01 | $144,900 (4.2%) | $176,910 (10.4%) | 0.00 | 204 |
2018-09-01 | $144,900 (3.6%) | $176,403 (9.1%) | 0.00 | 217 |
2018-10-01 | $139,900 (2.9%) | $173,676 (7.6%) | 0.00 | 206 |
2018-11-01 | $142,400 (1.8%) | $168,298 (0.4%) | 0.00 | 199 |
2018-12-01 | $145,200 (1.7%) | $169,999 (1.7%) | 0.00 | 171 |
2019-01-01 | $130,400 (-8.1%) | $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 | $161,450 (8.0%) | $199,865 (9.5%) | 0.00 | 181 |
2019-08-01 | $159,123 (9.8%) | $197,124 (11.4%) | 0.00 | 185 |
2019-09-01 | $159,307 (9.9%) | $195,879 (11.0%) | 0.00 | 188 |
2019-10-01 | $159,675 (14.1%) | $195,048 (12.3%) | 0.00 | 187 |
2019-11-01 | $164,950 (15.8%) | $193,065 (14.7%) | 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 (17.3%) | $213,024 (6.6%) | 0.00 | 116 |
2020-08-01 | $175,000 (10.0%) | $207,013 (5.0%) | 0.00 | 103 |
2020-09-01 | $194,700 (22.2%) | $226,886 (15.8%) | 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 (13.2%) | 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 |
2023-09-01 | $259,000 (28.8%) | $313,730 (12.5%) | 0.00 | 92 |
2023-10-01 | $249,900 (25.0%) | $306,873 (10.1%) | 0.00 | 102 |
2023-11-01 | $229,900 (12.0%) | $316,245 (13.3%) | 0.00 | 97 |
2023-12-01 | $225,000 (4.9%) | $320,517 (13.7%) | 0.00 | 90 |
2024-01-01 | $232,450 (12.1%) | $332,914 (16.9%) | 0.00 | 78 |
2024-02-01 | $251,175 (12.9%) | $335,262 (11.8%) | 0.00 | 69 |
2024-03-01 | $259,900 (13.7%) | $344,225 (37.9%) | 0.00 | 67 |
2024-04-01 | $292,450 (21.9%) | $368,702 (43.5%) | 0.00 | 73 |
2024-05-01 | $298,000 (14.7%) | $347,015 (25.1%) | 0.00 | 91 |
2024-06-01 | $290,900 (14.7%) | $330,413 (5.4%) | 0.00 | 103 |
2024-07-01 | $299,000 (19.7%) | $342,649 (12.9%) | 0.00 | 104 |
2024-08-01 | $272,400 (9.8%) | $323,405 (9.5%) | 0.00 | 109 |
2024-09-01 | $267,400 (3.2%) | $311,762 (-0.6%) | 0.00 | 124 |
Hillsdale's median listing price comes in at 0% of the national average.
Hillsdale's average listing price for 2024-09-01 was $311,762, a difference of $-1,968 (-0.6%) versus the prior year and $-11,643 versus the prior month.
For the 2024-09-01 period, Hillsdale had 124 MLS listings, a difference of 15 listings (14%) versus the prior month and 32 listings (35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,630 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 | 1,655 sqft |
2019-01-01 | 0 days | 1,646 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 | 1,757 sqft |
2019-07-01 | 0 days | 1,684 sqft |
2019-08-01 | 0 days | 1,697 sqft |
2019-09-01 | 0 days | 1,741 sqft |
2019-10-01 | 0 days | 1,774 sqft |
2019-11-01 | 0 days | 1,769 sqft |
2019-12-01 | 0 days | 1,762 sqft |
2020-01-01 | 0 days | 1,803 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 | 1,649 sqft |
2021-02-01 | 0 days | 1,598 sqft |
2021-03-01 | 0 days | 1,519 sqft |
2021-04-01 | 0 days | 1,528 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 | 1,665 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 | 1,702 sqft |
2022-07-01 | 0 days | 1,721 sqft |
2022-08-01 | 0 days | 1,720 sqft |
2022-09-01 | 0 days | 1,673 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 |
2023-09-01 | 0 days | 1,818 sqft |
2023-10-01 | 0 days | 1,718 sqft |
2023-11-01 | 0 days | 1,674 sqft |
2023-12-01 | 0 days | 1,646 sqft |
2024-01-01 | 0 days | 1,701 sqft |
2024-02-01 | 0 days | 1,713 sqft |
2024-03-01 | 0 days | 1,720 sqft |
2024-04-01 | 0 days | 1,810 sqft |
2024-05-01 | 0 days | 1,773 sqft |
2024-06-01 | 0 days | 1,796 sqft |
2024-07-01 | 0 days | 1,745 sqft |
2024-08-01 | 0 days | 1,724 sqft |
2024-09-01 | 0 days | 1,688 sqft |
Hillsdale's median square footage for active listings during the 2024-09-01 period was 1,688 sqft. One year prior, the average listing was 1,818 sqft.
Hillsdale, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 393 | $88,785,000 | $225,916 |
Cash Out Refi | 115 | $12,595,000 | $109,522 |
Home Improvement | 93 | $6,365,000 | $68,441 |
Refi | 52 | $5,420,000 | $104,231 |
Other | 43 | $3,125,000 | $72,674 |
Hillsdale's most frequently cited loan purpose was Home Purchase, with 393 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 221 | $37,215,000 | $168,394 |
7-8% | 190 | $28,990,000 | $152,579 |
Over 8% | 124 | $10,550,000 | $85,081 |
5-6% | 78 | $10,780,000 | $138,205 |
4-5% | 5 | $555,000 | $111,000 |
<2.5% | 2 | $20,000 | $10,000 |
3-4% | 1 | $55,000 | $55,000 |
During 2023, Hillsdale's most frequently originated rate bucket was 6-7%, with 221 originations.
Loan Sizing (Hillsdale, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 277 | $15,895,000 | $57,383 |
$100k-200k | 268 | $38,070,000 | $142,052 |
$200k-400k | 135 | $36,755,000 | $272,259 |
$400k-600k | 14 | $6,390,000 | $456,429 |
$600k-1000k | 1 | $655,000 | $655,000 |
$Over $1MM | 1 | $18,525,000 | $18,525,000 |
Hillsdale's loan sizing saw the bucket of loans from $100,000 or less with 277 originations, totaling $15,895,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 260 | $47,960,000 | $184,462 |
60-80% | 117 | $21,115,000 | $180,470 |
20-40% | 90 | $6,560,000 | $72,889 |
40-60% | 83 | $9,385,000 | $113,072 |
Under 20% | 69 | $2,455,000 | $35,580 |
Over 100% | 2 | $630,000 | $315,000 |
Hillsdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 260 originations, totaling $47,960,000 in origination value.