Ludington 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 Ludington averaged 6.6% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.63% and one month ago for the week of 2023-02-09, the average rate was 6.22%.

    Ludington's average rate one year ago was 4.15%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.96%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Ludington 30 Year Fixed Rate 2023-03-16 6.6%
    Ludington 30 Year Fixed Rate Refi 2023-03-16 6.96%
    Ludington 15 Year Fixed Rate 2023-03-16 6.63%
    Ludington 15 Year Fixed Rate Refi 2023-03-16 5.93%
    Ludington 30 Year FHA 2023-03-16 6.85%
    Ludington 30 Year FHA Refi 2023-03-16 6.21%
    Ludington 30 Year USDA 2023-03-16 6.54%
    Ludington 30 Year USDA Refi 2023-03-16 6.58%
    Ludington 30 Year VA 2023-03-16 6.51%
    Ludington 30 Year VA Refi 2023-03-16 6.33%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ludington, MI.

    Ludington 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 Ludington, 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 53 3.12% $4,859
    MORTGAGE 1 INCORPORATED 35 3.27% $3,913
    LAKE MICHIGAN CREDIT UNION 27 3.03% $3,538
    The Huntington National Bank 19 3.00% $4,102
    Fifth Third Bank 16 3.14% $3,150
    PREFERRED CREDIT UNION 15 3.00% $2,709
    UNITED WHOLESALE MORTGAGE, LLC 10 2.95% $4,389
    Independent Bank 8 3.17% $2,938
    TCF National Bank 7 3.13% $2,700
    PNC Bank 7 3.23% $2,533
    AMERIFIRST FINANCIAL CORPORATION 6 3.17% $3,110
    CALIBER HOME LOANS, INC. 5 3.17% $3,236
    Old National Bank 5 3.00% $3,581
    Mercantile Bank of Michigan 4 3.09% $3,881
    JPMorgan Chase Bank 4 3.06% $4,345
    Neighborhood Loans, Inc. 4 3.16% $2,894
    Mr. Cooper ( Nationstar Mortgage ) 4 3.38% $4,694
    Bank of America 3 2.71% $2,284
    NAVY FEDERAL CREDIT UNION 3 3.54% $2,862
    Wells Fargo Bank 3 3.63% $2,870
    Adventure Credit Union 3 3.13% $2,098
    NEWREZ LLC 3 3.13% $3,513
    BETTER MORTGAGE CORPORATION 2 3.00% $2,087
    American Mortgage & Equity Consultants, Inc. 2 2.88% $3,601
    Bank of England 2 3.63% $5,358
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.69% $2,014
    CONSUMERS 2 3.13% $2,967
    GreenStone Farm Credit Services, FLCA 2 3.41% $4,755
    J. VIRGIL, INC. 2 3.00% $4,757
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 2 3.00% $2,842
    MORTGAGE CENTER L.C 2 3.13% $1,908
    Nations Lending Corporation 2 3.31% $6,540
    ROSS MORTGAGE CORPORATION 2 3.06% $2,814
    The Federal Savings Bank 2 2.88% $5,825
    HOMESIDE FINANCIAL, LLC 1 3.00% $4,764
    IAA Credit Union 1 3.50% $2,942
    First Internet Bank of Indiana 1 2.88% $3,309
    INLANTA MORTGAGE, INC. 1 2.88% $2,896
    Ixonia Bank 1 3.00% $2,385
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.25% $700
    United Bank of Michigan 1 3.25% $2,102
    Kellogg Community Credit Union 1 3.13% $2,242
    KeyBank 1 3.35% $492
    CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $3,575
    LAKEVIEW LOAN SERVICING, LLC 1 3.38% $946
    LEADERONE FINANCIAL CORPORATION 1 2.88% $3,336
    Level One Bank 1 3.50% $2,729
    LOANDEPOT.COM, LLC 1 2.88% $4,215
    CREDIT UNION ONE 1 3.38% $3,413
    MICHIGAN MUTUAL, INC. 1 3.25% $3,767
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $3,061
    COMMUNITY FINANCIAL CREDIT UNION 1 2.75% $2,203
    UNIVERSITY LENDING GROUP, LLC 1 3.13% $3,058
    CNB Bank And Trust, N.A. 1 4.25% $2,866
    M&T Bank 1 3.38% $3,104
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $6,471
    Watermark Capital, Inc. 1 2.88% $3,201
    Citizens Bank 1 2.88% $2,474
    Citadel Servicing Corporation 1 5.25% $4,980
    CHURCHILL MORTGAGE CORPORATION 1 2.88% $4,637
    Nicolet National Bank 1 3.38% $2,939
    CHERRY CREEK MORTGAGE, LLC 1 3.25% $718
    PENNYMAC LOAN SERVICES, LLC 1 3.50% $4,167
    CELEBRITY HOME LOANS, LLC 1 2.88% $2,855
    Carrington Mortgage Services, LLC 1 3.25% $4,042
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $2,889
    PROPER RATE, LLC 1 3.25% $3,293
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.49% $3,767
    RESIDENTIAL BANCORP. 1 2.88% $3,885
    Ally Bank 1 3.38% $1,958
    T2 FINANCIAL LLC 1 3.38% $3,439
    ARC HOME LLC 1 2.99% $9,556
    TEACHERS CREDIT UNION 1 3.13% $2,811
    The Dart Bank 1 3.88% $3,624
    WesBanco Bank, Inc. 1 4.25% $3,247
    AMERISAVE MORTGAGE CORPORATION 1 3.38% $3,653
    The National Bank of Indianapolis 1 3.13% $3,007
    TOP FLITE FINANCIAL, INC. 1 2.88% $3,534
    Flagstar Bank, FSB 1 2.90% $3,337
    FREEDOM MORTGAGE CORPORATION 1 3.25% $830
    Gateway First Bank 1 3.13% $2,766
    UBS Bank USA 1 2.63% $3,366
    GUARANTEED RATE AFFINITY, LLC 1 2.63% $2,688
    GUARANTEED RATE, INC. 1 3.50% $3,545
    GUILD MORTGAGE COMPANY 1 2.88% $2,719

    Ludington Average Closing Costs & Other Stats

    Ludington, MI's 85 lenders originated 846 loans during 2021. The total origination value was $151,240,000, with an average loan value of $178,771.

    Ludington's average closing costs are $3,904.

    The top Ludington lender as defined by loan originations is QUICKEN LOANS, LLC, with 53 loans originated. Their average total fees are $4,859, which is $946 higher than the next largest lender, MORTGAGE 1 INCORPORATED.

    The lowest fee Ludington lenders (with over 10 loans originated) are PREFERRED CREDIT UNION ($2,709), Fifth Third Bank ($3,150), LAKE MICHIGAN CREDIT UNION ($3,538), MORTGAGE 1 INCORPORATED ($3,913) and The Huntington National Bank ($4,102).

    The lowest rate Ludington lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (2.95%), PREFERRED CREDIT UNION (3.00%), The Huntington National Bank (3.00%), LAKE MICHIGAN CREDIT UNION (3.03%) and QUICKEN LOANS, LLC (3.12%).

    Ludington, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    QUICKEN LOANS, LLC $15,305,000 $22,580,000 47.5% 14.9%
    MORTGAGE 1 INCORPORATED $14,510,000 $12,390,000 -14.6% 8.2%
    LAKE MICHIGAN CREDIT UNION $5,715,000 $10,825,000 89.4% 7.2%
    The Huntington National Bank $3,205,000 $9,080,000 183.3% 6.0%
    Fifth Third Bank $4,995,000 $8,790,000 76.0% 5.8%
    PREFERRED CREDIT UNION $8,145,000 $6,785,000 -16.7% 4.5%
    PNC Bank $3,975,000 $4,250,000 6.9% 2.8%
    UNITED WHOLESALE MORTGAGE, LLC $2,820,000 $3,875,000 37.4% 2.6%
    Independent Bank $2,150,000 $3,710,000 72.6% 2.5%
    The Shelby State Bank $6,195,000 $3,560,000 -42.5% 2.4%
    TCF National Bank $5,170,000 $3,510,000 -32.1% 2.3%
    Mercantile Bank of Michigan $1,360,000 $2,750,000 102.2% 1.8%
    Old National Bank $1,535,000 $2,585,000 68.4% 1.7%
    GreenStone Farm Credit Services, FLCA $2,885,000 $2,075,000 -28.1% 1.4%
    FREEDOM MORTGAGE CORPORATION $595,000 $1,885,000 216.8% 1.2%
    Mortgage Research Center, LLC $1,080,000 $1,800,000 66.7% 1.2%
    JPMorgan Chase Bank $2,145,000 $1,730,000 -19.3% 1.1%
    AMERIFIRST FINANCIAL CORPORATION $3,185,000 $1,555,000 -51.2% 1.0%
    PENNYMAC LOAN SERVICES, LLC $490,000 $1,410,000 187.8% 0.9%
    Wells Fargo Bank $1,420,000 $1,185,000 -16.5% 0.8%
    CONSUMERS $855,000 $1,145,000 33.9% 0.8%
    21ST MORTGAGE CORPORATION $1,125,000 n/a 0.7%
    BETTER MORTGAGE CORPORATION $1,080,000 n/a 0.7%
    Bank of America $180,000 $1,070,000 494.4% 0.7%
    LOANDEPOT.COM, LLC $1,595,000 $1,070,000 -32.9% 0.7%
    Neighborhood Loans, Inc. $2,565,000 $990,000 -61.4% 0.7%
    CHERRY CREEK MORTGAGE, LLC $980,000 n/a 0.6%
    ChoiceOne Bank $480,000 $905,000 88.5% 0.6%
    TRIAD FINANCIAL SERVICES, INC. $125,000 $860,000 588.0% 0.6%
    CALIBER HOME LOANS, INC. $2,055,000 $845,000 -58.9% 0.6%
    AMERISAVE MORTGAGE CORPORATION $545,000 $800,000 46.8% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $740,000 $790,000 6.8% 0.5%
    NAVY FEDERAL CREDIT UNION $1,045,000 $780,000 -25.4% 0.5%
    MORTGAGE CENTER L.C $775,000 n/a 0.5%
    Flagstar Bank, FSB $1,740,000 $770,000 -55.7% 0.5%
    Adventure Credit Union $630,000 $735,000 16.7% 0.5%
    VILLAGE CAPITAL & INVESTMENT LLC $290,000 $735,000 153.4% 0.5%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $690,000 $710,000 2.9% 0.5%
    American Mortgage & Equity Consultants, Inc. $690,000 n/a 0.5%
    CREDIT UNION ONE $770,000 $685,000 -11.0% 0.5%
    HOMESIDE FINANCIAL, LLC $245,000 $670,000 173.5% 0.4%
    J. VIRGIL, INC. $105,000 $650,000 519.0% 0.4%
    Nations Lending Corporation $290,000 $650,000 124.1% 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $330,000 $600,000 81.8% 0.4%
    GUARANTEED RATE, INC. $165,000 $555,000 236.4% 0.4%
    T2 FINANCIAL LLC $230,000 $555,000 141.3% 0.4%
    First Internet Bank of Indiana $545,000 n/a 0.4%
    PROPER RATE, LLC $545,000 n/a 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,005,000 $535,000 -46.8% 0.4%
    The Federal Savings Bank $530,000 n/a 0.4%
    UBS Bank USA $525,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $1,050,000 $505,000 -51.9% 0.3%
    Citizens Bank $485,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $285,000 $470,000 64.9% 0.3%
    INLANTA MORTGAGE, INC. $325,000 $460,000 41.5% 0.3%
    IAA Credit Union $445,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $165,000 $430,000 160.6% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $485,000 $425,000 -12.4% 0.3%
    The Dart Bank $420,000 n/a 0.3%
    SUCCESS MORTGAGE PARTNERS, INC. $115,000 $410,000 256.5% 0.3%
    NEW DAY FINANCIAL, LLC $310,000 $390,000 25.8% 0.3%
    CNB Bank And Trust, N.A. $385,000 n/a 0.3%
    AMERICAN ADVISORS GROUP $15,000 $355,000 2,266.7% 0.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $730,000 $345,000 -52.7% 0.2%
    Watermark Capital, Inc. $345,000 n/a 0.2%
    ROSS MORTGAGE CORPORATION $340,000 n/a 0.2%
    Ally Bank $435,000 $335,000 -23.0% 0.2%
    CIBM Bank $325,000 n/a 0.2%
    The State Bank $325,000 n/a 0.2%
    ARC HOME LLC $315,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $165,000 $315,000 90.9% 0.2%
    Three Rivers Federal Credit Union $315,000 n/a 0.2%
    Northpointe Bank $1,715,000 $310,000 -81.9% 0.2%
    HOME POINT FINANCIAL CORPORATION $430,000 $305,000 -29.1% 0.2%
    The National Bank of Indianapolis $305,000 n/a 0.2%
    DRAPER AND KRAMER MORTGAGE CORP. $230,000 $295,000 28.3% 0.2%
    NEWREZ LLC $250,000 $295,000 18.0% 0.2%
    LENDERFI, INC. $285,000 n/a 0.2%
    UNIVERSITY LENDING GROUP, LLC $285,000 n/a 0.2%
    Bank of England $280,000 n/a 0.2%
    PLANET HOME LENDING, LLC $155,000 $280,000 80.6% 0.2%
    CLEARPATH LENDING $145,000 $275,000 89.7% 0.2%
    Level One Bank $225,000 $275,000 22.2% 0.2%
    Nicolet National Bank $265,000 n/a 0.2%
    United Bank of Michigan $185,000 $265,000 43.2% 0.2%
    Dort Financial Credit Union $85,000 $260,000 205.9% 0.2%
    UNION HOME MORTGAGE CORP. $555,000 $260,000 -53.2% 0.2%
    Associated Bank $505,000 $255,000 -49.5% 0.2%
    CELEBRITY HOME LOANS, LLC $255,000 n/a 0.2%
    West Michigan Community Bank $250,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $170,000 $240,000 41.2% 0.2%
    USAA Federal Savings Bank $495,000 $240,000 -51.5% 0.2%
    TEACHERS CREDIT UNION $195,000 $235,000 20.5% 0.2%
    COMMUNITY FINANCIAL CREDIT UNION $240,000 $220,000 -8.3% 0.1%
    Chicago Mortgage Solutions LLC $215,000 n/a 0.1%
    Citadel Servicing Corporation $215,000 n/a 0.1%
    First State Bank $215,000 n/a 0.1%
    Grand River Bank $385,000 $215,000 -44.2% 0.1%
    ACCELERATE MORTGAGE, LLC $175,000 $205,000 17.1% 0.1%
    AMERICAN FINANCING CORPORATION $145,000 $205,000 41.4% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $415,000 $205,000 -50.6% 0.1%
    First Federal Bank $205,000 n/a 0.1%
    Ixonia Bank $205,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $185,000 n/a 0.1%
    KeyBank $185,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $350,000 $185,000 -47.1% 0.1%
    Triumph Bank $185,000 n/a 0.1%
    Lakeview Community Capital, LLC $175,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $165,000 0.0% 0.1%
    SOFI LENDING CORP. $165,000 n/a 0.1%
    Gateway First Bank $155,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $155,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $450,000 $155,000 -65.6% 0.1%
    First Guaranty Mortgage Corporation $145,000 n/a 0.1%
    GERBER FEDERAL CREDIT UNION $660,000 $145,000 -78.0% 0.1%
    GUILD MORTGAGE COMPANY $225,000 $145,000 -35.6% 0.1%
    Kellogg Community Credit Union $145,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $415,000 $145,000 -65.1% 0.1%
    SUMMIT FUNDING, INC. $95,000 $135,000 42.1% 0.1%
    TOP FLITE FINANCIAL, INC. $885,000 $135,000 -84.7% 0.1%
    ACADEMY MORTGAGE CORPORATION $125,000 n/a 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $235,000 $125,000 -46.8% 0.1%
    DFCU FINANCIAL $125,000 n/a 0.1%
    GENISYS $125,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $125,000 n/a 0.1%
    Visio Financial Services Inc. $125,000 n/a 0.1%
    WesBanco Bank, Inc. $125,000 n/a 0.1%
    ARBOR FINANCIAL CREDIT UNION $135,000 $105,000 -22.2% 0.1%
    Carrington Mortgage Services, LLC $105,000 n/a 0.1%
    First Savings Bank $105,000 n/a 0.1%
    Isabella Bank $665,000 $105,000 -84.2% 0.1%
    Manufacturers and Traders Trust Company $105,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $105,000 n/a 0.1%
    VIBE CREDIT UNION $105,000 n/a 0.1%
    U.S. Bank $85,000 n/a 0.1%
    County National Bank $75,000 n/a 0.0%
    Platinum Home Mortgage Corporation $85,000 $75,000 -11.8% 0.0%
    ROYAL UNITED MORTGAGE LLC $200,000 $75,000 -62.5% 0.0%
    The Genoa Banking Company $75,000 n/a 0.0%
    RESIDENTIAL BANCORP. $65,000 n/a 0.0%
    COMMUNITY CHOICE CREDIT UNION $55,000 n/a 0.0%
    Key Mortgage Services, Inc. $55,000 n/a 0.0%
    Bethpage Federal Credit Union $45,000 n/a 0.0%
    Figure Lending LLC $45,000 n/a 0.0%
    UNITED $35,000 n/a 0.0%
    West Michigan Credit Union $200,000 $35,000 -82.5% 0.0%
    Honor Credit Union $845,000 $15,000 -98.2% 0.0%

    Ludington's top lender by overall market share is QUICKEN LOANS, LLC, with 14.9% market share. In second place, with 8.2%, is MORTGAGE 1 INCORPORATED, having originated $12,390,000 in loans. In third place, with 7.2%, is LAKE MICHIGAN CREDIT UNION, having originated $10,825,000 in loans. In fourth place, with 6.0%, is The Huntington National Bank, having originated $9,080,000 in loans. In fifth place, with 5.8%, is Fifth Third Bank, having originated $8,790,000 in loans.

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

    Realtor.com - Ludington (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 $192,950 (19.3%) $283,324 (7.3%) 0.00 159
    2018-02-01 $189,900 (8.2%) $273,913 (-0.8%) 0.00 157
    2018-03-01 $189,900 (7.5%) $273,751 (1.5%) 0.00 146
    2018-04-01 $199,900 (24.9%) $278,902 (8.7%) 0.00 161
    2018-05-01 $199,900 (16.9%) $287,104 (12.2%) 0.00 169
    2018-06-01 $212,500 (18.1%) $300,738 (12.4%) 0.00 196
    2018-07-01 $214,975 (19.8%) $303,928 (15.1%) 0.00 207
    2018-08-01 $213,500 (22.1%) $299,790 (12.5%) 0.00 201
    2018-09-01 $199,900 (14.9%) $293,112 (7.2%) 0.00 200
    2018-10-01 $199,400 (11.0%) $282,495 (2.0%) 0.00 192
    2018-11-01 $192,425 (-1.3%) $276,325 (1.0%) 0.00 183
    2018-12-01 $182,400 (-4.0%) $276,735 (-1.5%) 0.00 162
    2019-01-01 $182,425 (-5.5%) $273,911 (-3.3%) 0.00 151
    2019-02-01 $182,425 (-3.9%) $275,393 (0.5%) 0.00 146
    2019-03-01 $191,329 (0.8%) $280,582 (2.5%) 0.00 144
    2019-04-01 $195,379 (-2.3%) $280,756 (0.7%) 0.00 149
    2019-05-01 $194,900 (-2.5%) $267,053 (-7.0%) 0.00 165
    2019-06-01 $215,000 (1.2%) $271,758 (-9.6%) 0.00 176
    2019-07-01 $229,000 (6.5%) $285,115 (-6.2%) 0.00 196
    2019-08-01 $225,845 (5.8%) $288,126 (-3.9%) 0.00 197
    2019-09-01 $231,839 (16.0%) $292,065 (-0.4%) 0.00 195
    2019-10-01 $236,500 (18.6%) $296,316 (4.9%) 0.00 194
    2019-11-01 $211,500 (9.9%) $286,619 (3.7%) 0.00 187
    2019-12-01 $222,000 (21.7%) $289,737 (4.7%) 0.00 171
    2020-01-01 $226,225 (24.0%) $286,277 (4.5%) 0.00 148
    2020-02-01 $225,000 (23.3%) $272,774 (-1.0%) 0.00 141
    2020-03-01 $236,500 (23.6%) $283,315 (1.0%) 0.00 137
    2020-04-01 $235,500 (20.5%) $284,463 (1.3%) 0.00 131
    2020-05-01 $236,500 (21.3%) $281,137 (5.3%) 0.00 149
    2020-06-01 $232,000 (7.9%) $290,200 (6.8%) 0.00 147
    2020-07-01 $246,925 (7.8%) $312,841 (9.7%) 0.00 134
    2020-08-01 $249,000 (10.3%) $339,131 (17.7%) 0.00 108
    2020-09-01 $241,500 (4.2%) $337,030 (15.4%) 0.00 94
    2020-10-01 $215,000 (-9.1%) $323,689 (9.2%) 0.00 86
    2020-11-01 $219,225 (3.7%) $322,046 (12.4%) 0.00 81
    2020-12-01 $224,225 (1.0%) $323,623 (11.7%) 0.00 71
    2021-01-01 $244,900 (8.3%) $324,436 (13.3%) 0.00 54
    2021-02-01 $272,450 (21.1%) $354,514 (30.0%) 0.00 48
    2021-03-01 $280,100 (18.4%) $368,242 (30.0%) 0.00 41
    2021-04-01 $299,000 (27.0%) $421,345 (48.1%) 0.00 56
    2021-05-01 $299,000 (26.4%) $377,554 (34.3%) 0.00 59
    2021-06-01 $296,500 (27.8%) $386,676 (33.2%) 0.00 70
    2021-07-01 $295,000 (19.5%) $372,867 (19.2%) 0.00 68
    2021-08-01 $299,725 (20.4%) $378,634 (11.7%) 0.00 67
    2021-09-01 $281,975 (16.8%) $359,984 (6.8%) 0.00 67
    2021-10-01 $279,000 (29.8%) $341,925 (5.6%) 0.00 65
    2021-11-01 $277,000 (26.4%) $401,636 (24.7%) 0.00 52
    2021-12-01 $282,000 (25.8%) $397,551 (22.8%) 0.00 55
    2022-01-01 $342,000 (39.7%) $452,597 (39.5%) 0.00 44
    2022-02-01 $360,000 (32.1%) $475,940 (34.3%) 0.00 36
    2022-03-01 $335,950 (19.9%) $465,191 (26.3%) 0.00 33
    2022-04-01 $337,000 (12.7%) $466,554 (10.7%) 0.00 35
    2022-05-01 $397,500 (32.9%) $457,415 (21.2%) 0.00 51
    2022-06-01 $376,000 (26.8%) $439,483 (13.7%) 0.00 55
    2022-07-01 $289,900 (-1.7%) $384,348 (3.1%) 0.00 67
    2022-08-01 $286,675 (-4.4%) $384,896 (1.7%) 0.00 79
    2022-09-01 $288,725 (2.4%) $389,723 (8.3%) 0.00 78
    2022-10-01 $262,450 (-5.9%) $382,374 (11.8%) 0.00 81
    2022-11-01 $280,000 (1.1%) $391,989 (-2.4%) 0.00 73
    2022-12-01 $259,000 (-8.2%) $373,986 (-5.9%) 0.00 60
    2023-01-01 $236,175 (-30.9%) $375,919 (-16.9%) 0.00 47
    2023-02-01 $229,850 (-36.2%) $375,917 (-21.0%) 0.00 36
    Ludington's median listing price for 2023-02-01 was $229,850, a difference of $-130,150 (-36.2%) versus the prior year and $-6,325 versus the prior month.

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

    Ludington's average listing price for 2023-02-01 was $375,917, a difference of $-100,023 (-21.0%) versus the prior year and $-2 versus the prior month.

    For the 2023-02-01 period, Ludington had 36 MLS listings, a difference of -11 listings (-23%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ludington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,778 sqft
    2018-02-01 0 days 1,744 sqft
    2018-03-01 0 days 1,711 sqft
    2018-04-01 0 days 1,656 sqft
    2018-05-01 0 days 1,590 sqft
    2018-06-01 0 days 1,650 sqft
    2018-07-01 0 days 1,611 sqft
    2018-08-01 0 days 1,611 sqft
    2018-09-01 0 days 1,624 sqft
    2018-10-01 0 days 1,678 sqft
    2018-11-01 0 days 1,610 sqft
    2018-12-01 0 days 1,648 sqft
    2019-01-01 0 days 1,690 sqft
    2019-02-01 0 days 1,706 sqft
    2019-03-01 0 days 1,751 sqft
    2019-04-01 0 days 1,759 sqft
    2019-05-01 0 days 1,700 sqft
    2019-06-01 0 days 1,644 sqft
    2019-07-01 0 days 1,755 sqft
    2019-08-01 0 days 1,764 sqft
    2019-09-01 0 days 1,757 sqft
    2019-10-01 0 days 1,752 sqft
    2019-11-01 0 days 1,712 sqft
    2019-12-01 0 days 1,703 sqft
    2020-01-01 0 days 1,667 sqft
    2020-02-01 0 days 1,624 sqft
    2020-03-01 0 days 1,611 sqft
    2020-04-01 0 days 1,540 sqft
    2020-05-01 0 days 1,570 sqft
    2020-06-01 0 days 1,619 sqft
    2020-07-01 0 days 1,696 sqft
    2020-08-01 0 days 1,700 sqft
    2020-09-01 0 days 1,700 sqft
    2020-10-01 0 days 1,616 sqft
    2020-11-01 0 days 1,597 sqft
    2020-12-01 0 days 1,489 sqft
    2021-01-01 0 days 1,452 sqft
    2021-02-01 0 days 1,523 sqft
    2021-03-01 0 days 1,523 sqft
    2021-04-01 0 days 1,523 sqft
    2021-05-01 0 days 1,792 sqft
    2021-06-01 0 days 1,723 sqft
    2021-07-01 0 days 1,644 sqft
    2021-08-01 0 days 1,583 sqft
    2021-09-01 0 days 1,562 sqft
    2021-10-01 0 days 1,562 sqft
    2021-11-01 0 days 1,590 sqft
    2021-12-01 0 days 1,561 sqft
    2022-01-01 0 days 1,602 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 2,006 sqft
    2022-04-01 0 days 1,995 sqft
    2022-05-01 0 days 2,091 sqft
    2022-06-01 0 days 2,186 sqft
    2022-07-01 0 days 1,874 sqft
    2022-08-01 0 days 1,781 sqft
    2022-09-01 0 days 1,799 sqft
    2022-10-01 0 days 1,730 sqft
    2022-11-01 0 days 1,773 sqft
    2022-12-01 0 days 1,624 sqft
    2023-01-01 0 days 1,510 sqft
    2023-02-01 0 days 1,567 sqft
    Ludington's median listing age (time on market) for 2023-02-01 was 0 days.

    Ludington's median square footage for active listings during the 2023-02-01 period was 1,567 sqft. One year prior, the average listing was 1,902 sqft.

    Ludington, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Refi 312 $52,830,000 $169,327
    Home Purchase 298 $62,680,000 $210,336
    Cash Out Refi 170 $28,430,000 $167,235
    Home Improvement 36 $3,010,000 $83,611
    Other 30 $4,290,000 $143,000

    Ludington's most frequently cited loan purpose was Refi, with 312 originations. The 2nd most popular reason was Home Purchase, with 298 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 318 $60,770,000 $191,101
    3-4% 270 $49,380,000 $182,889
    <2.5% 155 $31,365,000 $202,355
    4-5% 29 $3,145,000 $108,448
    Over 8% 20 $990,000 $49,500
    5-6% 13 $695,000 $53,462
    7-8% 10 $430,000 $43,000
    6-7% 4 $510,000 $127,500

    During 2021, Ludington's most frequently originated rate bucket was 2.5-3%, with 318 originations.

    Loan Sizing (Ludington, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 372 $53,610,000 $144,113
    $100,000 or less 217 $13,865,000 $63,894
    $200k-400k 211 $55,795,000 $264,431
    $400k-600k 33 $15,565,000 $471,667
    $600k-1000k 9 $6,945,000 $771,667
    $Over $1MM 4 $5,460,000 $1,365,000

    Ludington's loan sizing saw the bucket of loans from $100k-200k with 372 originations, totaling $53,610,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    60-80% 271 $56,685,000 $209,170
    80-100% 237 $48,195,000 $203,354
    40-60% 156 $23,900,000 $153,205
    20-40% 78 $9,940,000 $127,436
    Under 20% 27 $1,145,000 $42,407
    Over 100% 6 $1,760,000 $293,333

    Ludington's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 271 originations, totaling $56,685,000 in origination value.