Macomb Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Macomb averaged 6.73% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

The average rate for the prior week (2025-04-03) was 6.75% and one month ago for the week of 2025-03-06, the average rate was 6.64%.

Macomb's average rate one year ago was 6.83%.

For refis of the same type during the week of 2025-04-10, the average rate was 6.72%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-10 6.62%
Macomb 30 Year Fixed Rate 2025-04-10 6.73%
Macomb 30 Year Fixed Rate Refi 2025-04-10 6.72%
Macomb 15 Year Fixed Rate 2025-04-10 6.02%
Macomb 15 Year Fixed Rate Refi 2025-04-10 6.22%
Macomb 30 Year FHA 2025-04-10 6.53%
Macomb 30 Year FHA Refi 2025-04-10 6.63%
Macomb 30 Year USDA 2025-04-10 6.55%
Macomb 30 Year USDA Refi 2025-04-10 6.65%
Macomb 30 Year VA 2025-04-10 6.29%
Macomb 30 Year VA Refi 2025-04-10 6.39%
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 lender, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Morton Community Bank 23 7.07% $2,276
United Community Bank 18 6.41% $2,050
First Bankers Trust Company 11 6.68% $1,868
QUICKEN LOANS, LLC 8 6.75% $4,103
Fortress Bank 6 6.52% $2,630
FLAT BRANCH MORTGAGE, INC. 4 7.00% $3,442
COMPEER FINANCIAL, FLCA 3 7.79% $3,333
JPMorgan Chase Bank 3 6.75% $3,645
USAA Federal Savings Bank 2 6.56% $3,790
PENNYMAC LOAN SERVICES, LLC 2 7.06% $4,388
CROSSCOUNTRY MORTGAGE, LLC 2 6.81% $5,809
ZILLOW HOME LOANS, LLC 2 7.06% $4,421
NUMARK CREDIT UNION 1 6.00% $2,565
Petefish, Skiles & Co. 1 6.50% $2,745
PNC Bank 1 7.50% $2,531
ROYAL UNITED MORTGAGE LLC 1 6.13% $6,644
TOWNE MORTGAGE COMPANY 1 6.38% $4,025
U.S. Bank 1 6.99% $2,667
Wells Fargo Bank 1 7.88% $5,027
KeyBank 1 6.88% $2,974
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $4,194
Bank of America 1 6.38% $3,443
BROKER SOLUTIONS, INC. 1 6.99% $3,552
CITIZENS EQUITY FIRST 1 6.88% $2,370
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.88% $1,639
GUARANTEED RATE, INC. 1 6.63% $3,547
GUILD MORTGAGE COMPANY 1 6.75% $3,222
INB 1 7.25% $2,876
ALLIANT CREDIT UNION 1 6.25% $2,561
Mortgage Research Center, LLC 1 7.63% $4,357
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $5,194

Macomb Average Closing Costs & Other Stats

Macomb, IL's 31 lenders originated 290 loans during 2024. The total origination value was $33,580,000, with an average loan value of $115,793.

Macomb's average closing costs are $3,165.

The top Macomb lender as defined by loan originations is Morton Community Bank, with 23 loans originated. Their average total fees are $2,276, which is $226 higher than the next largest lender, United Community Bank.

The lowest fee Macomb lenders (with over 10 loans originated) are First Bankers Trust Company ($1,868), United Community Bank ($2,050), Morton Community Bank ($2,276), .

The lowest rate Macomb lenders (with over 10 loans originated) are United Community Bank (6.41%), First Bankers Trust Company (6.68%), Morton Community Bank (7.07%), .

Macomb, IL 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Morton Community Bank $5,780,000 $5,335,000 -7.7% 15.9%
United Community Bank $3,005,000 $4,800,000 59.7% 14.3%
QUICKEN LOANS, LLC $1,430,000 $3,400,000 137.8% 10.1%
Mortgage Research Center, LLC $1,480,000 $2,310,000 56.1% 6.9%
First Bankers Trust Company $1,625,000 $1,720,000 5.8% 5.1%
MidAmerica National Bank $2,650,000 $1,390,000 -47.5% 4.1%
Fortress Bank $1,575,000 $1,375,000 -12.7% 4.1%
COMPEER FINANCIAL, FLCA $105,000 $1,205,000 1,047.6% 3.6%
FLAT BRANCH MORTGAGE, INC. $1,245,000 $1,185,000 -4.8% 3.5%
BROKER SOLUTIONS, INC. $420,000 $810,000 92.9% 2.4%
CROSSCOUNTRY MORTGAGE, LLC $775,000 n/a 2.3%
Quad City Bank and Trust Company $725,000 n/a 2.2%
Flanagan State Bank $1,420,000 $655,000 -53.9% 2.0%
UNITED WHOLESALE MORTGAGE, LLC $105,000 $605,000 476.2% 1.8%
USAA Federal Savings Bank $485,000 n/a 1.4%
INB $145,000 $470,000 224.1% 1.4%
JPMorgan Chase Bank $385,000 $440,000 14.3% 1.3%
PENNYMAC LOAN SERVICES, LLC $455,000 $400,000 -12.1% 1.2%
CITIZENS EQUITY FIRST $275,000 $340,000 23.6% 1.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $330,000 n/a 1.0%
MID AMERICA MORTGAGE, INC. $300,000 n/a 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $515,000 $290,000 -43.7% 0.9%
DIRECT MORTGAGE LOANS, LLC $245,000 n/a 0.7%
Bank of America $195,000 $235,000 20.5% 0.7%
ZILLOW HOME LOANS, LLC $355,000 $210,000 -40.8% 0.6%
First Federal Bank $205,000 n/a 0.6%
Wells Fargo Bank $190,000 n/a 0.6%
GUARANTEED RATE, INC. $175,000 n/a 0.5%
CARDINAL FINANCIAL $165,000 n/a 0.5%
Ipava State Bank $55,000 $165,000 200.0% 0.5%
Barrington Bank & Trust Company, N.A. $145,000 n/a 0.4%
MORIA DEVELOPMENT, INC. $145,000 n/a 0.4%
Petefish, Skiles & Co. $145,000 n/a 0.4%
RANLIFE, INC. $145,000 n/a 0.4%
PREMIA MORTGAGE, LLC $135,000 n/a 0.4%
RUHL MORTGAGE, LLC $175,000 $125,000 -28.6% 0.4%
West Central Bank $65,000 $120,000 84.6% 0.4%
ALLIANT CREDIT UNION $115,000 n/a 0.3%
Alliance Community Bank $85,000 $105,000 23.5% 0.3%
GUILD MORTGAGE COMPANY $105,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $105,000 n/a 0.3%
PLAZA HOME MORTGAGE, INC. $105,000 n/a 0.3%
The Huntington National Bank $95,000 $85,000 -10.5% 0.3%
Figure Lending LLC $75,000 n/a 0.2%
KeyBank $75,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $210,000 $75,000 -64.3% 0.2%
TOWNE MORTGAGE COMPANY $75,000 n/a 0.2%
FIRST STATE MORTGAGE SERVICES, LLC $95,000 $65,000 -31.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $95,000 $65,000 -31.6% 0.2%
NUMARK CREDIT UNION $65,000 n/a 0.2%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $60,000 n/a 0.2%
U.S. Bank $55,000 $55,000 0.0% 0.2%
PNC Bank $45,000 n/a 0.1%
Blackhawk Bank & Trust $35,000 n/a 0.1%
BMO Harris Bank $35,000 n/a 0.1%
I. H. MISSISSIPPI VALLEY CREDIT UNION $480,000 $35,000 -92.7% 0.1%
Midwest Bank $260,000 $25,000 -90.4% 0.1%
Coastal Community Bank $15,000 n/a 0.0%

Macomb's top lender by overall market share is Morton Community Bank, with 15.9% market share. In second place, with 14.3%, is United Community Bank, having originated $4,800,000 in loans. In third place, with 10.1%, is QUICKEN LOANS, LLC, having originated $3,400,000 in loans. In fourth place, with 6.9%, is Mortgage Research Center, LLC, having originated $2,310,000 in loans. In fifth place, with 5.1%, is First Bankers Trust Company, having originated $1,720,000 in loans.


Macomb Housing Market Trends (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 $99,400 (10.6%) $124,219 (10.6%) 0.00 187
2018-02-01 $94,800 (5.5%) $121,008 (7.0%) 0.00 193
2018-03-01 $95,500 (5.4%) $121,559 (3.8%) 0.00 195
2018-04-01 $97,700 (7.4%) $121,900 (4.5%) 0.00 206
2018-05-01 $96,800 (4.4%) $118,874 (-0.1%) 0.00 219
2018-06-01 $94,900 (-2.5%) $115,411 (-4.3%) 0.00 223
2018-07-01 $93,675 (-1.6%) $114,670 (-3.6%) 0.00 247
2018-08-01 $91,725 (-4.8%) $114,617 (-6.2%) 0.00 248
2018-09-01 $89,900 (-9.8%) $111,928 (-9.7%) 0.00 239
2018-10-01 $89,900 (-10.1%) $111,914 (-10.8%) 0.00 232
2018-11-01 $89,200 (-15.6%) $109,228 (-13.0%) 0.00 233
2018-12-01 $85,000 (-14.9%) $104,753 (-15.4%) 0.00 231
2019-01-01 $84,900 (-14.6%) $103,910 (-16.4%) 0.00 230
2019-02-01 $84,450 (-10.9%) $104,384 (-13.7%) 0.00 224
2019-03-01 $87,621 (-8.3%) $108,832 (-10.5%) 0.00 221
2019-04-01 $95,975 (-1.8%) $117,403 (-3.7%) 0.00 222
2019-05-01 $91,800 (-5.2%) $117,157 (-1.4%) 0.00 228
2019-06-01 $89,900 (-5.3%) $117,455 (1.8%) 0.00 217
2019-07-01 $89,650 (-4.3%) $117,715 (2.7%) 0.00 216
2019-08-01 $87,664 (-4.4%) $116,119 (1.3%) 0.00 210
2019-09-01 $86,109 (-4.2%) $113,037 (1.0%) 0.00 206
2019-10-01 $85,073 (-5.4%) $110,572 (-1.2%) 0.00 202
2019-11-01 $81,900 (-8.2%) $105,297 (-3.6%) 0.00 203
2019-12-01 $79,900 (-6.0%) $102,571 (-2.1%) 0.00 190
2020-01-01 $79,700 (-6.1%) $102,151 (-1.7%) 0.00 175
2020-02-01 $83,900 (-0.7%) $106,137 (1.7%) 0.00 169
2020-03-01 $84,675 (-3.4%) $107,385 (-1.3%) 0.00 173
2020-04-01 $86,100 (-10.3%) $109,517 (-6.7%) 0.00 172
2020-05-01 $86,900 (-5.3%) $109,488 (-6.6%) 0.00 167
2020-06-01 $87,050 (-3.2%) $107,291 (-8.7%) 0.00 163
2020-07-01 $87,200 (-2.7%) $106,217 (-9.8%) 0.00 163
2020-08-01 $85,000 (-3.0%) $105,229 (-9.4%) 0.00 165
2020-09-01 $85,175 (-1.1%) $108,897 (-3.7%) 0.00 173
2020-10-01 $72,900 (-14.3%) $95,807 (-13.4%) 0.00 205
2020-11-01 $69,900 (-14.7%) $91,947 (-12.7%) 0.00 212
2020-12-01 $67,925 (-15.0%) $86,458 (-15.7%) 0.00 207
2021-01-01 $65,000 (-18.4%) $85,837 (-16.0%) 0.00 202
2021-02-01 $65,000 (-22.5%) $82,529 (-22.2%) 0.00 196
2021-03-01 $67,125 (-20.7%) $83,438 (-22.3%) 0.00 192
2021-04-01 $66,000 (-23.3%) $82,795 (-24.4%) 0.00 174
2021-05-01 $62,900 (-27.6%) $79,210 (-27.7%) 0.00 164
2021-06-01 $59,900 (-31.2%) $80,477 (-25.0%) 0.00 158
2021-07-01 $60,000 (-31.2%) $90,012 (-15.3%) 0.00 171
2021-08-01 $59,950 (-29.5%) $91,030 (-13.5%) 0.00 170
2021-09-01 $59,900 (-29.7%) $91,484 (-16.0%) 0.00 156
2021-10-01 $61,600 (-15.5%) $92,696 (-3.3%) 0.00 159
2021-11-01 $63,136 (-9.7%) $94,165 (2.4%) 0.00 145
2021-12-01 $61,257 (-9.8%) $94,136 (8.9%) 0.00 129
2022-01-01 $59,900 (-7.9%) $96,289 (12.2%) 0.00 113
2022-02-01 $59,450 (-8.5%) $95,989 (16.3%) 0.00 100
2022-03-01 $56,375 (-16.0%) $94,343 (13.1%) 0.00 93
2022-04-01 $56,000 (-15.2%) $91,928 (11.0%) 0.00 91
2022-05-01 $58,850 (-6.4%) $92,890 (17.3%) 0.00 96
2022-06-01 $59,900 (0.0%) $98,784 (22.8%) 0.00 92
2022-07-01 $65,000 (8.3%) $101,198 (12.4%) 0.00 97
2022-08-01 $69,450 (15.9%) $98,948 (8.7%) 0.00 109
2022-09-01 $69,225 (15.6%) $97,972 (7.1%) 0.00 104
2022-10-01 $72,400 (17.5%) $100,479 (8.4%) 0.00 97
2022-11-01 $74,400 (17.8%) $112,917 (19.9%) 0.00 96
2022-12-01 $72,900 (19.0%) $111,198 (18.1%) 0.00 95
2023-01-01 $71,150 (18.8%) $101,905 (5.8%) 0.00 81
2023-02-01 $70,650 (18.8%) $94,307 (-1.8%) 0.00 76
2023-03-01 $69,900 (24.0%) $101,503 (7.6%) 0.00 72
2023-04-01 $69,900 (24.8%) $107,546 (17.0%) 0.00 64
2023-05-01 $75,000 (27.4%) $125,344 (34.9%) 0.00 59
2023-06-01 $80,675 (34.7%) $137,267 (39.0%) 0.00 64
2023-07-01 $75,750 (16.5%) $120,419 (19.0%) 0.00 75
2023-08-01 $72,450 (4.3%) $104,481 (5.6%) 0.00 59
2023-09-01 $80,900 (16.9%) $114,715 (17.1%) 0.00 67
2023-10-01 $74,975 (3.6%) $111,695 (11.2%) 0.00 76
2023-11-01 $74,900 (0.7%) $110,515 (-2.1%) 0.00 77
2023-12-01 $79,900 (9.6%) $113,530 (2.1%) 0.00 67
2024-01-01 $86,250 (21.2%) $116,596 (14.4%) 0.00 67
2024-02-01 $84,400 (19.5%) $111,852 (18.6%) 0.00 60
2024-03-01 $98,000 (40.2%) $115,393 (13.7%) 0.00 68
2024-04-01 $94,900 (35.8%) $119,914 (11.5%) 0.00 71
2024-05-01 $112,050 (49.4%) $128,075 (2.2%) 0.00 76
2024-06-01 $119,900 (48.6%) $142,072 (3.5%) 0.00 83
2024-07-01 $129,925 (71.5%) $147,775 (22.7%) 0.00 72
2024-08-01 $122,600 (69.2%) $148,119 (41.8%) 0.00 83
2024-09-01 $123,700 (52.9%) $141,393 (23.3%) 0.00 86
2024-10-01 $119,400 (59.3%) $136,639 (22.3%) 0.00 95
2024-11-01 $118,000 (57.5%) $139,350 (26.1%) 0.00 98
2024-12-01 $119,225 (49.2%) $134,853 (18.8%) 0.00 98
2025-01-01 $98,975 (14.8%) $135,249 (16.0%) 0.00 90
2025-02-01 $95,500 (13.2%) $132,236 (18.2%) 0.00 87
2025-03-01 $103,750 (5.9%) $142,279 (23.3%) 0.00 87
Macomb's median listing price for 2025-03-01 was $103,750, a difference of $5,750 (5.9%) versus the prior year and $8,250 versus the prior month.

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

Macomb's average listing price for 2025-03-01 was $142,279, a difference of $26,886 (23.3%) versus the prior year and $10,043 versus the prior month.

For the 2025-03-01 period, Macomb had 87 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (28%) 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 1,720 sqft
2018-02-01 0 days 1,663 sqft
2018-03-01 0 days 1,684 sqft
2018-04-01 0 days 1,700 sqft
2018-05-01 0 days 1,651 sqft
2018-06-01 0 days 1,616 sqft
2018-07-01 0 days 1,661 sqft
2018-08-01 0 days 1,632 sqft
2018-09-01 0 days 1,596 sqft
2018-10-01 0 days 1,616 sqft
2018-11-01 0 days 1,570 sqft
2018-12-01 0 days 1,568 sqft
2019-01-01 0 days 1,577 sqft
2019-02-01 0 days 1,604 sqft
2019-03-01 0 days 1,686 sqft
2019-04-01 0 days 1,798 sqft
2019-05-01 0 days 1,820 sqft
2019-06-01 0 days 1,800 sqft
2019-07-01 0 days 1,800 sqft
2019-08-01 0 days 1,741 sqft
2019-09-01 0 days 1,653 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 1,537 sqft
2020-02-01 0 days 1,604 sqft
2020-03-01 0 days 1,597 sqft
2020-04-01 0 days 1,623 sqft
2020-05-01 0 days 1,623 sqft
2020-06-01 0 days 1,608 sqft
2020-07-01 0 days 1,571 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 1,489 sqft
2020-12-01 0 days 1,456 sqft
2021-01-01 0 days 1,468 sqft
2021-02-01 0 days 1,462 sqft
2021-03-01 0 days 1,432 sqft
2021-04-01 0 days 1,427 sqft
2021-05-01 0 days 1,378 sqft
2021-06-01 0 days 1,346 sqft
2021-07-01 0 days 1,343 sqft
2021-08-01 0 days 1,365 sqft
2021-09-01 0 days 1,411 sqft
2021-10-01 0 days 1,427 sqft
2021-11-01 0 days 1,360 sqft
2021-12-01 0 days 1,341 sqft
2022-01-01 0 days 1,346 sqft
2022-02-01 0 days 1,344 sqft
2022-03-01 0 days 1,343 sqft
2022-04-01 0 days 1,302 sqft
2022-05-01 0 days 1,345 sqft
2022-06-01 0 days 1,375 sqft
2022-07-01 0 days 1,483 sqft
2022-08-01 0 days 1,583 sqft
2022-09-01 0 days 1,553 sqft
2022-10-01 0 days 1,531 sqft
2022-11-01 0 days 1,564 sqft
2022-12-01 0 days 1,509 sqft
2023-01-01 0 days 1,432 sqft
2023-02-01 0 days 1,477 sqft
2023-03-01 0 days 1,389 sqft
2023-04-01 0 days 1,368 sqft
2023-05-01 0 days 1,368 sqft
2023-06-01 0 days 1,467 sqft
2023-07-01 0 days 1,424 sqft
2023-08-01 0 days 1,378 sqft
2023-09-01 0 days 1,521 sqft
2023-10-01 0 days 1,480 sqft
2023-11-01 0 days 1,515 sqft
2023-12-01 0 days 1,486 sqft
2024-01-01 0 days 1,480 sqft
2024-02-01 0 days 1,403 sqft
2024-03-01 0 days 1,507 sqft
2024-04-01 0 days 1,543 sqft
2024-05-01 0 days 1,590 sqft
2024-06-01 0 days 1,625 sqft
2024-07-01 0 days 1,666 sqft
2024-08-01 0 days 1,600 sqft
2024-09-01 0 days 1,695 sqft
2024-10-01 0 days 1,553 sqft
2024-11-01 0 days 1,562 sqft
2024-12-01 0 days 1,548 sqft
2025-01-01 0 days 1,537 sqft
2025-02-01 0 days 1,446 sqft
2025-03-01 0 days 1,610 sqft
Macomb's median listing age (time on market) for 2025-03-01 was 0 days.

Macomb's median square footage for active listings during the 2025-03-01 period was 1,610 sqft. One year prior, the average listing was 1,507 sqft.

Macomb, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 202 $26,130,000 $129,356
Cash Out Refi 29 $3,155,000 $108,793
Refi 23 $2,145,000 $93,261
Other 18 $940,000 $52,222
Home Improvement 16 $1,040,000 $65,000
NA 2 $170,000 $85,000

Macomb's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 125 $16,625,000 $133,000
7-8% 78 $8,270,000 $106,026
5-6% 33 $4,185,000 $126,818
Over 8% 26 $1,700,000 $65,385
4-5% 4 $230,000 $57,500
<2.5% 1 $5,000 $5,000

During 2024, Macomb's most frequently originated rate bucket was 6-7%, with 125 originations.

Loan Sizing (Macomb, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 158 $9,410,000 $59,557
$100k-200k 97 $13,725,000 $141,495
$200k-400k 29 $7,355,000 $253,621
$400k-600k 5 $2,365,000 $473,000
$600k-1000k 1 $725,000 $725,000

Macomb's loan sizing saw the bucket of loans from $100,000 or less with 158 originations, totaling $9,410,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 143 $19,315,000 $135,070
60-80% 73 $8,375,000 $114,726
40-60% 20 $1,920,000 $96,000
20-40% 16 $850,000 $53,125
Under 20% 13 $295,000 $22,692
Over 100% 1 $125,000 $125,000

Macomb's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 143 originations, totaling $19,315,000 in origination value.