Macomb Mortgage Rates

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

30 Year Fixed Rate mortgages in Macomb averaged 5.89% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.56% and one month ago for the week of 2022-05-19, the average rate was 5.33%.

Macomb's average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Macomb 30 Year Fixed Rate 2022-06-23 5.89%
Macomb 30 Year Fixed Rate Refi 2022-06-23 5.7%
Macomb 15 Year Fixed Rate 2022-06-23 5.1%
Macomb 15 Year Fixed Rate Refi 2022-06-23 4.75%
Macomb 30 Year FHA 2022-06-23 0.36%
Macomb 30 Year FHA Refi 2022-06-23 0.24%
Macomb 30 Year USDA 2022-06-23 0.41%
Macomb 30 Year USDA Refi 2022-06-23 0.04%
Macomb 30 Year VA 2022-06-23 0.47%
Macomb 30 Year VA Refi 2022-06-23 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Macomb, IL.

Macomb Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Macomb, IL 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. Total Fees
Morton Community Bank 27 3.16% $2,147
First Bankers Trust Company 22 3.08% $1,544
United Community Bank 18 3.17% $1,777
Fortress Bank 15 3.11% $2,126
Marine Bank 8 2.78% $1,542
QUICKEN LOANS, LLC 8 3.14% $4,320
Wells Fargo Bank 5 3.18% $2,957
COMPEER FINANCIAL, FLCA 4 4.47% $2,539
CBI Bank & Trust 3 3.08% $2,345
I. H. MISSISSIPPI VALLEY CREDIT UNION 2 3.00% $1,748
Community Mortgage Banc Corporation 2 2.91% $2,320
GREENSTATE CREDIT UNION 2 3.13% $2,256
Town & Country Banc Mortgage Services, Inc. 2 3.04% $1,820
Truist Bank 2 2.87% $2,453
First Guaranty Mortgage Corporation 1 2.88% $4,600
FLAT BRANCH MORTGAGE, INC. 1 3.25% $2,548
CIBC Bank USA 1 3.75% $4,119
UNITED WHOLESALE MORTGAGE, LLC 1 3.13% $3,312
GUILD MORTGAGE COMPANY 1 3.63% $5,066
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.75% $15,463
Alliance Community Bank 1 2.50% $1,625
INLAND BANK & TRUST 1 3.63% $2,520
JPMorgan Chase Bank 1 3.38% $500
KeyBank 1 3.25% $3,811
LENDUS, LLC 1 3.75% $3,013
LOANDEPOT.COM, LLC 1 3.38% $2,624
Manufacturers and Traders Trust Company 1 3.13% $3,899
Carrollton Bank 1 3.13% $2,202
Carrington Mortgage Services, LLC 1 4.25% $3,993
PENTAGON FEDERAL CREDIT UNION 1 2.50% $1,495
Petefish, Skiles & Co. 1 2.50% $1,143
PURDUE FEDERAL CREDIT UNION 1 3.25% $2,174
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.13% $3,346
ROYAL UNITED MORTGAGE LLC 1 2.50% $5,922
U.S. Bank 1 2.99% $2,348
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $3,158
CALIBER HOME LOANS, INC. 1 2.75% $2,236
Deere Employees Credit Union 1 3.38% $2,110
CITIZENS EQUITY FIRST 1 3.50% $598
FIRST COMMUNITY 1 4.00% $0

Macomb, IL's 40 lenders originated 484 loans during 2021. The total origination value was $50,420,000, with an average loan value of $104,174.

The top Macomb lender as defined by loan originations is Morton Community Bank, with 27 loans originated. Their average total fees are $2,147, which is $604 higher than the next largest lender, First Bankers Trust Company.

The lowest fee Macomb lenders (with over 10 loans originated) are First Bankers Trust Company ($1,544), United Community Bank ($1,777), Fortress Bank ($2,126), Morton Community Bank ($2,147) and .

The lowest rate Macomb lenders (with over 10 loans originated) are First Bankers Trust Company (3.08%), Fortress Bank (3.11%), Morton Community Bank (3.16%), United Community Bank (3.17%) and .

Macomb, IL Lender 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
Morton Community Bank $5,795,000 $6,230,000 7.5% 12.4%
United Community Bank $5,265,000 $6,125,000 16.3% 12.1%
First Bankers Trust Company $6,230,000 $5,735,000 -7.9% 11.4%
QUICKEN LOANS, LLC $2,705,000 $4,585,000 69.5% 9.1%
Fortress Bank $3,650,000 $3,565,000 -2.3% 7.1%
Flanagan State Bank $1,300,000 $2,310,000 77.7% 4.6%
Marine Bank $1,425,000 $1,860,000 30.5% 3.7%
Wells Fargo Bank $745,000 $1,190,000 59.7% 2.4%
CALIBER HOME LOANS, INC. $1,150,000 n/a 2.3%
FREEDOM MORTGAGE CORPORATION $985,000 $1,130,000 14.7% 2.2%
COMPEER FINANCIAL, FLCA $390,000 $1,005,000 157.7% 2.0%
Mortgage Research Center, LLC $1,210,000 $920,000 -24.0% 1.8%
CBI Bank & Trust $640,000 n/a 1.3%
FLAT BRANCH MORTGAGE, INC. $275,000 $610,000 121.8% 1.2%
CITIZENS EQUITY FIRST $325,000 $600,000 84.6% 1.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $600,000 n/a 1.2%
Ipava State Bank $165,000 $580,000 251.5% 1.2%
First Guaranty Mortgage Corporation $575,000 n/a 1.1%
Hinsdale Bank & Trust Company $565,000 n/a 1.1%
NAVY FEDERAL CREDIT UNION $290,000 $490,000 69.0% 1.0%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $480,000 n/a 1.0%
LOANDEPOT.COM, LLC $440,000 n/a 0.9%
I. H. MISSISSIPPI VALLEY CREDIT UNION $525,000 $405,000 -22.9% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $115,000 $400,000 247.8% 0.8%
Truist Bank $400,000 n/a 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $365,000 n/a 0.7%
GREENSTATE CREDIT UNION $360,000 n/a 0.7%
BROKER SOLUTIONS, INC. $365,000 $345,000 -5.5% 0.7%
U.S. Bank $180,000 $345,000 91.7% 0.7%
Community Mortgage Banc Corporation $475,000 $340,000 -28.4% 0.7%
PREMIA MORTGAGE, LLC $280,000 $315,000 12.5% 0.6%
PENNYMAC LOAN SERVICES, LLC $295,000 n/a 0.6%
UNITED WHOLESALE MORTGAGE, LLC $275,000 n/a 0.5%
Town & Country Banc Mortgage Services, Inc. $35,000 $260,000 642.9% 0.5%
Petefish, Skiles & Co. $145,000 $255,000 75.9% 0.5%
GUARANTEED RATE, INC. $55,000 $250,000 354.5% 0.5%
Deere Employees Credit Union $135,000 $235,000 74.1% 0.5%
CIBC Bank USA $225,000 n/a 0.4%
JPMorgan Chase Bank $105,000 $210,000 100.0% 0.4%
Bank of Springfield $305,000 $205,000 -32.8% 0.4%
Better Banks $195,000 n/a 0.4%
Carrington Mortgage Services, LLC $235,000 $180,000 -23.4% 0.4%
Bank of America $85,000 $175,000 105.9% 0.3%
INLAND BANK & TRUST $80,000 $150,000 87.5% 0.3%
Discover Bank $170,000 $145,000 -14.7% 0.3%
LENDUS, LLC $145,000 n/a 0.3%
PURDUE FEDERAL CREDIT UNION $145,000 n/a 0.3%
Neighborhood Loans, Inc. $135,000 n/a 0.3%
RUHL MORTGAGE, LLC $135,000 n/a 0.3%
NEWREZ LLC $125,000 n/a 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $125,000 $125,000 0.0% 0.2%
West Central Bank $485,000 $125,000 -74.2% 0.2%
PNC Bank $160,000 $115,000 -28.1% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $105,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $180,000 $105,000 -41.7% 0.2%
PENTAGON FEDERAL CREDIT UNION $520,000 $105,000 -79.8% 0.2%
ROYAL UNITED MORTGAGE LLC $105,000 n/a 0.2%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $95,000 n/a 0.2%
KeyBank $95,000 n/a 0.2%
Auto Club Trust, FSB $85,000 n/a 0.2%
Carrollton Bank $85,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $85,000 n/a 0.2%
Plains Commerce Bank $85,000 n/a 0.2%
SENB Bank $65,000 $85,000 30.8% 0.2%
Allied First Bank,sb $75,000 n/a 0.1%
USAA Federal Savings Bank $545,000 $75,000 -86.2% 0.1%
Alliance Community Bank $65,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $65,000 n/a 0.1%
Manufacturers and Traders Trust Company $105,000 $65,000 -38.1% 0.1%
GUILD MORTGAGE COMPANY $55,000 n/a 0.1%
Farmers-Merchants Bank of Illinois $45,000 n/a 0.1%
FIRST COMMUNITY $45,000 n/a 0.1%
First State Bank of Forrest $45,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $35,000 n/a 0.1%
Two Rivers Bank & Trust $35,000 n/a 0.1%
Figure Lending LLC $100,000 $15,000 -85.0% 0.0%

Macomb's top lender by overall market share is Morton Community Bank, with 12.4% market share. In second place, with 12.1%, is United Community Bank, having originated $6,125,000 in loans. In third place, with 11.4%, is First Bankers Trust Company, having originated $5,735,000 in loans. In third place, with 9.1%, is QUICKEN LOANS, LLC, having originated $4,585,000 in loans. In third place, with 7.1%, is Fortress Bank, having originated $3,565,000 in loans.


Macomb, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 282 $29,500,000 $104,610
Refi 110 $12,540,000 $114,000
Cash Out Refi 79 $7,845,000 $99,304
Home Improvement 10 $460,000 $46,000
Other 3 $75,000 $25,000

Macomb's most frequently cited loan purpose was Home Purchase, with 282 originations. The 2nd most popular reason was Refi, with 110 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 156 $16,570,000 $106,218
3-4% 153 $15,715,000 $102,712
<2.5% 122 $12,780,000 $104,754
4-5% 37 $3,565,000 $96,351
5-6% 2 $170,000 $85,000
6-7% 2 $30,000 $15,000

During 2021, Macomb's most frequently originated rate bucket was 2.5-3%, with 156 originations.

Loan Sizing (Macomb, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 279 $17,375,000 $62,276
$100k-200k 168 $22,840,000 $135,952
$200k-400k 34 $8,790,000 $258,529
$400k-600k 3 $1,415,000 $471,667

Macomb's loan sizing saw the bucket of loans from $100,000 or less with 279 originations, totaling $17,375,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 232 $25,830,000 $111,336
60-80% 162 $16,260,000 $100,370
40-60% 42 $4,220,000 $100,476
20-40% 14 $690,000 $49,286
Under 20% 10 $200,000 $20,000
Over 100% 6 $730,000 $121,667

Macomb's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 232 originations, totaling $25,830,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Macomb (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 $98,700 (9.8%) $123,004 (9.6%) 0.00 183
2018-02-01 $93,500 (4.0%) $119,532 (6.0%) 0.00 188
2018-03-01 $94,900 (5.6%) $120,595 (3.7%) 0.00 192
2018-04-01 $96,900 (7.8%) $121,227 (4.6%) 0.00 202
2018-05-01 $96,900 (4.8%) $118,490 (-0.3%) 0.00 215
2018-06-01 $94,500 (-3.5%) $114,799 (-4.8%) 0.00 221
2018-07-01 $93,650 (-1.3%) $113,760 (-4.2%) 0.00 242
2018-08-01 $91,200 (-6.2%) $114,160 (-6.7%) 0.00 245
2018-09-01 $89,900 (-10.0%) $110,420 (-10.9%) 0.00 237
2018-10-01 $89,900 (-10.1%) $110,381 (-11.7%) 0.00 230
2018-11-01 $89,000 (-14.2%) $108,245 (-13.4%) 0.00 230
2018-12-01 $85,000 (-14.9%) $104,210 (-15.1%) 0.00 229
2019-01-01 $84,450 (-14.4%) $103,367 (-16.0%) 0.00 227
2019-02-01 $83,950 (-10.2%) $103,617 (-13.3%) 0.00 221
2019-03-01 $86,471 (-8.9%) $108,067 (-10.4%) 0.00 219
2019-04-01 $94,450 (-2.5%) $115,688 (-4.6%) 0.00 219
2019-05-01 $89,900 (-7.2%) $116,419 (-1.8%) 0.00 225
2019-06-01 $89,900 (-4.9%) $115,748 (0.8%) 0.00 222
2019-07-01 $89,400 (-4.5%) $116,949 (2.8%) 0.00 213
2019-08-01 $86,429 (-5.2%) $115,186 (0.9%) 0.00 209
2019-09-01 $85,179 (-5.3%) $112,449 (1.8%) 0.00 201
2019-10-01 $85,900 (-4.5%) $110,572 (0.2%) 0.00 200
2019-11-01 $81,900 (-8.0%) $105,297 (-2.7%) 0.00 201
2019-12-01 $79,900 (-6.0%) $102,822 (-1.3%) 0.00 185
2020-01-01 $79,900 (-5.4%) $103,105 (-0.3%) 0.00 170
2020-02-01 $83,900 (-0.1%) $105,998 (2.3%) 0.00 167
2020-03-01 $84,900 (-1.8%) $107,430 (-0.6%) 0.00 172
2020-04-01 $85,950 (-9.0%) $110,022 (-4.9%) 0.00 171
2020-05-01 $86,900 (-3.3%) $109,996 (-5.5%) 0.00 165
2020-06-01 $85,950 (-4.4%) $106,925 (-7.6%) 0.00 160
2020-07-01 $86,900 (-2.8%) $105,630 (-9.7%) 0.00 160
2020-08-01 $85,000 (-1.7%) $105,324 (-8.6%) 0.00 162
2020-09-01 $84,950 (-0.3%) $106,745 (-5.1%) 0.00 168
2020-10-01 $72,900 (-15.1%) $93,740 (-15.2%) 0.00 202
2020-11-01 $69,700 (-14.9%) $89,939 (-14.6%) 0.00 209
2020-12-01 $67,450 (-15.6%) $84,112 (-18.2%) 0.00 204
2021-01-01 $65,000 (-18.7%) $83,553 (-19.0%) 0.00 198
2021-02-01 $65,000 (-22.5%) $82,328 (-22.3%) 0.00 195
2021-03-01 $67,000 (-21.1%) $83,031 (-22.7%) 0.00 189
2021-04-01 $65,000 (-24.4%) $81,551 (-25.9%) 0.00 170
2021-05-01 $61,000 (-29.8%) $78,810 (-28.4%) 0.00 161
2021-06-01 $59,900 (-30.3%) $80,082 (-25.1%) 0.00 155
2021-07-01 $59,950 (-31.0%) $86,101 (-18.5%) 0.00 160
2021-08-01 $59,950 (-29.5%) $89,218 (-15.3%) 0.00 167
2021-09-01 $59,900 (-29.5%) $91,921 (-13.9%) 0.00 155
2021-10-01 $61,600 (-15.5%) $92,370 (-1.5%) 0.00 156
2021-11-01 $63,250 (-9.3%) $94,014 (4.5%) 0.00 143
2021-12-01 $61,600 (-8.7%) $94,180 (12.0%) 0.00 128
2022-01-01 $59,900 (-7.9%) $96,289 (15.2%) 0.00 113
2022-02-01 $59,900 (-7.9%) $98,471 (19.6%) 0.00 100
2022-03-01 $56,750 (-15.3%) $94,695 (14.1%) 0.00 92
2022-04-01 $56,000 (-13.9%) $91,928 (12.7%) 0.00 91
2022-05-01 $58,500 (-4.1%) $93,019 (18.0%) 0.00 95
Macomb's median listing price for 2022-05-01 was $58,500, a difference of $-2,500 (-4.1%) versus the prior year and $2,500 versus the prior month.

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

Macomb's average listing price for 2022-05-01 was $93,019, a difference of $14,209 (18.0%) versus the prior year and $1,091 versus the prior month.

For the 2022-05-01 period, Macomb had 95 MLS listings, a difference of 4 listings (4%) versus the prior month and -66 listings (-41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Macomb (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,726 sqft
2018-02-01 0 days 1,666 sqft
2018-03-01 0 days 1,680 sqft
2018-04-01 0 days 1,692 sqft
2018-05-01 0 days 1,632 sqft
2018-06-01 0 days 1,604 sqft
2018-07-01 0 days 1,632 sqft
2018-08-01 0 days 1,623 sqft
2018-09-01 0 days 1,584 sqft
2018-10-01 0 days 1,586 sqft
2018-11-01 0 days 1,564 sqft
2018-12-01 0 days 1,553 sqft
2019-01-01 0 days 1,564 sqft
2019-02-01 0 days 1,570 sqft
2019-03-01 0 days 1,658 sqft
2019-04-01 0 days 1,776 sqft
2019-05-01 0 days 1,819 sqft
2019-06-01 0 days 1,794 sqft
2019-07-01 0 days 1,800 sqft
2019-08-01 0 days 1,746 sqft
2019-09-01 0 days 1,673 sqft
2019-10-01 0 days 1,576 sqft
2019-11-01 0 days 1,560 sqft
2019-12-01 0 days 1,535 sqft
2020-01-01 0 days 1,536 sqft
2020-02-01 0 days 1,604 sqft
2020-03-01 0 days 1,600 sqft
2020-04-01 0 days 1,627 sqft
2020-05-01 0 days 1,633 sqft
2020-06-01 0 days 1,610 sqft
2020-07-01 0 days 1,560 sqft
2020-08-01 0 days 1,560 sqft
2020-09-01 0 days 1,538 sqft
2020-10-01 0 days 1,472 sqft
2020-11-01 0 days 1,496 sqft
2020-12-01 0 days 1,456 sqft
2021-01-01 0 days 1,467 sqft
2021-02-01 0 days 1,462 sqft
2021-03-01 0 days 1,437 sqft
2021-04-01 0 days 1,413 sqft
2021-05-01 0 days 1,356 sqft
2021-06-01 0 days 1,345 sqft
2021-07-01 0 days 1,350 sqft
2021-08-01 0 days 1,350 sqft
2021-09-01 0 days 1,415 sqft
2021-10-01 0 days 1,405 sqft
2021-11-01 0 days 1,346 sqft
2021-12-01 0 days 1,342 sqft
2022-01-01 0 days 1,348 sqft
2022-02-01 0 days 1,344 sqft
2022-03-01 0 days 1,344 sqft
2022-04-01 0 days 1,302 sqft
2022-05-01 0 days 1,344 sqft
Macomb's median listing age (time on market) for 2022-05-01 was 0 days.

Macomb's median square footage for active listings during the 2022-05-01 period was 1,344 sqft. One year prior, the average listing was 1,356 sqft.