Marinette Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marinette averaged
6.6%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.73% and
one month ago for the week of 2024-10-03, the
average rate was 5.93%.
Marinette's average rate one year ago was 7.87%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Marinette 30 Year Fixed Rate | 2024-11-07 | 6.6% |
| Marinette 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Marinette 15 Year Fixed Rate | 2024-11-07 | 6% |
| Marinette 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Marinette 30 Year FHA | 2024-11-07 | 6.39% |
| Marinette 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Marinette 30 Year USDA | 2024-11-07 | 6.48% |
| Marinette 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Marinette 30 Year VA | 2024-11-07 | 6.54% |
| Marinette 30 Year VA Refi | 2024-11-07 | 6.44% |
Marinette 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 Marinette, WI-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.).
Marinette Average Closing Costs & Other Stats
Marinette, WI-MI's 88 lenders originated 1,169
loans during 2023. The total origination value was $157,645,000, with an average loan value of
$134,855.
Marinette's average closing costs are $3,259.
The top Marinette lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
35 loans originated. Their average total fees are
$4,202, which is $702
higher than the next largest lender,
CoVantage Credit Union.
The lowest fee Marinette lenders (with over 10 loans originated) are
FOX COMMUNITIES ($1,140), PCM ($1,149), CAPITAL Credit Union ($2,290), Associated Bank ($2,539) and Nicolet National Bank ($3,150).
The lowest rate Marinette lenders (with over 10 loans originated) are
PCM (6.02%), CAPITAL Credit Union (6.10%), FOX COMMUNITIES (6.26%), CoVantage Credit Union (6.53%) and Associated Bank (6.60%).
Marinette, WI-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 |
|---|---|---|---|---|
| The Stephenson National Bank and Trust | $19,710,000 | $21,400,000 | 8.6% | 13.6% |
| Nicolet National Bank | $12,070,000 | $10,090,000 | -16.4% | 6.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,105,000 | $9,860,000 | 8.3% | 6.3% |
| CoVantage Credit Union | $7,980,000 | $8,650,000 | 8.4% | 5.5% |
| QUICKEN LOANS, LLC | $10,500,000 | $8,545,000 | -18.6% | 5.4% |
| GUARANTEED RATE, INC. | $815,000 | $7,135,000 | 775.5% | 4.5% |
| CAPITAL Credit Union | $7,790,000 | $6,335,000 | -18.7% | 4.0% |
| Associated Bank | $10,135,000 | $5,510,000 | -45.6% | 3.5% |
| PCM | $6,420,000 | $5,170,000 | -19.5% | 3.3% |
| Johnson Bank | $3,320,000 | $5,090,000 | 53.3% | 3.2% |
| Flagstar Bank, FSB | $12,625,000 | $5,000,000 | -60.4% | 3.2% |
| FOX COMMUNITIES | $4,580,000 | $4,515,000 | -1.4% | 2.9% |
| Mortgage Research Center, LLC | $5,965,000 | $3,720,000 | -37.6% | 2.4% |
| V.I.P. MORTGAGE, INC. | $3,515,000 | n/a | 2.2% | |
| THE PESHTIGO NATIONAL BANK | $2,455,000 | $3,155,000 | 28.5% | 2.0% |
| GreenStone Farm Credit Services, FLCA | $1,805,000 | $2,170,000 | 20.2% | 1.4% |
| Bank First, N.A. | $2,070,000 | $2,095,000 | 1.2% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $2,235,000 | $1,770,000 | -20.8% | 1.1% |
| BMO Harris Bank | $3,235,000 | $1,700,000 | -47.4% | 1.1% |
| N.E.W. Credit Union | $1,910,000 | $1,550,000 | -18.8% | 1.0% |
| Summit Credit Union | $625,000 | $1,355,000 | 116.8% | 0.9% |
| NEWREZ LLC | $1,435,000 | $1,215,000 | -15.3% | 0.8% |
| Bankers' Bank | $3,135,000 | $1,190,000 | -62.0% | 0.8% |
| Community First Credit Union | $1,575,000 | $1,065,000 | -32.4% | 0.7% |
| MARINE | $1,305,000 | $1,015,000 | -22.2% | 0.6% |
| Wells Fargo Bank | $3,340,000 | $960,000 | -71.3% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $760,000 | $955,000 | 25.7% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,485,000 | $920,000 | -38.0% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,500,000 | $910,000 | -39.3% | 0.6% |
| Barrington Bank & Trust Company, N.A. | $500,000 | $835,000 | 67.0% | 0.5% |
| Landmark Credit Union | $1,215,000 | $770,000 | -36.6% | 0.5% |
| UNION HOME MORTGAGE CORP. | $185,000 | $755,000 | 308.1% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,045,000 | $740,000 | -63.8% | 0.5% |
| MICHIGAN MUTUAL, INC. | $1,050,000 | $740,000 | -29.5% | 0.5% |
| CARDINAL FINANCIAL | $75,000 | $735,000 | 880.0% | 0.5% |
| JPMorgan Chase Bank | $800,000 | $710,000 | -11.3% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $455,000 | $690,000 | 51.6% | 0.4% |
| Bank of Luxemburg | $1,210,000 | $680,000 | -43.8% | 0.4% |
| The Bank of Kaukauna | $205,000 | $680,000 | 231.7% | 0.4% |
| University of Wisconsin Credit Union | $1,175,000 | $680,000 | -42.1% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,260,000 | $655,000 | -48.0% | 0.4% |
| GUILD MORTGAGE COMPANY | $640,000 | n/a | 0.4% | |
| HOMESIDE FINANCIAL, LLC | $575,000 | n/a | 0.4% | |
| Nations Lending Corporation | $350,000 | $550,000 | 57.1% | 0.3% |
| EDUCATORS CREDIT UNION | $955,000 | $535,000 | -44.0% | 0.3% |
| BROKER SOLUTIONS, INC. | $405,000 | $515,000 | 27.2% | 0.3% |
| Frandsen Bank & Trust | $505,000 | n/a | 0.3% | |
| Premier Community Bank | $500,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $820,000 | $485,000 | -40.9% | 0.3% |
| COMPEER FINANCIAL, FLCA | $230,000 | $415,000 | 80.4% | 0.3% |
| U.S. Bank | $1,570,000 | $410,000 | -73.9% | 0.3% |
| CALCON MUTUAL MORTGAGE LLC | $390,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $1,035,000 | $385,000 | -62.8% | 0.2% |
| BETTER MORTGAGE CORPORATION | $205,000 | $375,000 | 82.9% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $375,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $330,000 | n/a | 0.2% | |
| WISCONSIN MORTGAGE CORPORATION | $385,000 | $315,000 | -18.2% | 0.2% |
| American National Bank - Fox Cities | $95,000 | $300,000 | 215.8% | 0.2% |
| Bank of England | $210,000 | $300,000 | 42.9% | 0.2% |
| Cleveland State Bank | $405,000 | $300,000 | -25.9% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $295,000 | $300,000 | 1.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,060,000 | $300,000 | -71.7% | 0.2% |
| Colonial Savings, F.A. | $195,000 | $295,000 | 51.3% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $460,000 | $290,000 | -37.0% | 0.2% |
| ZILLOW HOME LOANS, LLC | $290,000 | n/a | 0.2% | |
| Old National Bank | $285,000 | n/a | 0.2% | |
| Plains Commerce Bank | $95,000 | $285,000 | 200.0% | 0.2% |
| Laona State Bank | $615,000 | $275,000 | -55.3% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $445,000 | $270,000 | -39.3% | 0.2% |
| Bay Bank | $265,000 | n/a | 0.2% | |
| IncredibleBank | $775,000 | $260,000 | -66.5% | 0.2% |
| Home State Bank | $255,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $245,000 | n/a | 0.2% | |
| COMPASS MORTGAGE, INC. | $245,000 | n/a | 0.2% | |
| National Exchange Bank and Trust | $1,520,000 | $245,000 | -83.9% | 0.2% |
| State Bank of Cross Plains | $385,000 | $245,000 | -36.4% | 0.2% |
| Kohler Credit Union | $175,000 | $240,000 | 37.1% | 0.2% |
| GREAT LAKES | $225,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $220,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $730,000 | $220,000 | -69.9% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $65,000 | $205,000 | 215.4% | 0.1% |
| Tri City National Bank | $205,000 | n/a | 0.1% | |
| The Port Washington State Bank | $560,000 | $200,000 | -64.3% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| DUPACO COMMUNITY | $195,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $420,000 | $195,000 | -53.6% | 0.1% |
| WESTconsin Credit Union | $195,000 | n/a | 0.1% | |
| WINNEBAGO COMMUNITY | $185,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $690,000 | $175,000 | -74.6% | 0.1% |
| CITIZENS EQUITY FIRST | $175,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
| UNISON CREDIT UNION | $740,000 | $175,000 | -76.4% | 0.1% |
| NUMARK CREDIT UNION | $165,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $270,000 | $165,000 | -38.9% | 0.1% |
| UNITEDONE Credit Union | $750,000 | $165,000 | -78.0% | 0.1% |
| USAA Federal Savings Bank | $895,000 | $165,000 | -81.6% | 0.1% |
| The Huntington National Bank | $140,000 | $160,000 | 14.3% | 0.1% |
| EMBRACE HOME LOANS, INC. | $155,000 | n/a | 0.1% | |
| EQUITY RESOURCES, INC. | $155,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $155,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $155,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $75,000 | $150,000 | 100.0% | 0.1% |
| SPRING EQ, LLC | $90,000 | $150,000 | 66.7% | 0.1% |
| Bank of America | $315,000 | $145,000 | -54.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $145,000 | n/a | 0.1% | |
| PLUS RELOCATION MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $115,000 | $135,000 | 17.4% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $105,000 | $135,000 | 28.6% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $125,000 | n/a | 0.1% | |
| Heartland Credit Union (Madison) | $125,000 | n/a | 0.1% | |
| Horicon Bank | $475,000 | $125,000 | -73.7% | 0.1% |
| NBKC BANK | $410,000 | $125,000 | -69.5% | 0.1% |
| Range Bank | $760,000 | $125,000 | -83.6% | 0.1% |
| THRIVENT Federal Credit Union | $155,000 | $125,000 | -19.4% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $125,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $115,000 | n/a | 0.1% | |
| ARBOR FINANCIAL CREDIT UNION | $115,000 | n/a | 0.1% | |
| Collins State Bank | $115,000 | n/a | 0.1% | |
| Settlers Bank | $115,000 | n/a | 0.1% | |
| CBI Bank & Trust | $105,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $105,000 | n/a | 0.1% | |
| Intercity State Bank | $105,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $370,000 | $105,000 | -71.6% | 0.1% |
| MMS MORTGAGE SERVICES, LTD. | $105,000 | n/a | 0.1% | |
| PremierBank | $105,000 | n/a | 0.1% | |
| Truist | $105,000 | $105,000 | 0.0% | 0.1% |
| Discover Bank | $35,000 | $100,000 | 185.7% | 0.1% |
| Bank Five Nine | $345,000 | $95,000 | -72.5% | 0.1% |
| GSF Mortgage Corporation | $95,000 | n/a | 0.1% | |
| Tomahawk Community Bank SSB | $95,000 | n/a | 0.1% | |
| Ixonia Bank | $1,040,000 | $85,000 | -91.8% | 0.1% |
| J. VIRGIL, INC. | $85,000 | n/a | 0.1% | |
| East Wisconsin Savings Bank | $310,000 | $75,000 | -75.8% | 0.0% |
| GENISYS | $75,000 | n/a | 0.0% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $225,000 | $75,000 | -66.7% | 0.0% |
| West Pointe Bank | $270,000 | $75,000 | -72.2% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $65,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $65,000 | n/a | 0.0% | |
| First Savings Bank | $65,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $65,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $60,000 | n/a | 0.0% | |
| PNC Bank | $470,000 | $55,000 | -88.3% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $45,000 | n/a | 0.0% | |
| Citizens Bank | $35,000 | n/a | 0.0% | |
| Coastal Community Bank | $25,000 | n/a | 0.0% | |
| Glacier Hills Credit Union | $165,000 | $25,000 | -84.8% | 0.0% |
| Park City Credit Union | $25,000 | n/a | 0.0% | |
| VERVE, A CREDIT UNION | $345,000 | $25,000 | -92.8% | 0.0% |
| GreenStone Farm Credit Services, ACA | $15,000 | n/a | 0.0% | |
| Guardian Credit Union | $15,000 | n/a | 0.0% |
Marinette's top lender by overall market share is The Stephenson National Bank and Trust, with 13.6% market share. In second place, with 6.4%, is Nicolet National Bank, having originated $10,090,000 in loans. In third place, with 6.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,860,000 in loans. In fourth place, with 5.5%, is CoVantage Credit Union, having originated $8,650,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $8,545,000 in loans.
Marinette, WI-MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 663 | $114,525,000 | $172,738 |
| Other | 134 | $8,370,000 | $62,463 |
| Refi | 131 | $13,495,000 | $103,015 |
| Cash Out Refi | 129 | $14,015,000 | $108,643 |
| Home Improvement | 112 | $7,240,000 | $64,643 |
Marinette's most frequently cited loan purpose was Home Purchase, with 663 originations. The 2nd most popular reason was Other, with 134 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 336 | $49,630,000 | $147,708 |
| 7-8% | 271 | $36,855,000 | $135,996 |
| 5-6% | 165 | $27,445,000 | $166,333 |
| Over 8% | 164 | $13,410,000 | $81,768 |
| 4-5% | 14 | $1,980,000 | $141,429 |
| <2.5% | 5 | $285,000 | $57,000 |
| 3-4% | 4 | $220,000 | $55,000 |
| 2.5-3% | 2 | $140,000 | $70,000 |
During 2023, Marinette's most frequently originated rate bucket was 6-7%, with 336 originations.
Loan Sizing (Marinette, WI-MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 519 | $28,995,000 | $55,867 |
| $100k-200k | 423 | $60,865,000 | $143,889 |
| $200k-400k | 196 | $51,570,000 | $263,112 |
| $400k-600k | 26 | $12,450,000 | $478,846 |
| $600k-1000k | 5 | $3,765,000 | $753,000 |
Marinette's loan sizing saw the bucket of loans from $100,000 or less with 519 originations, totaling $28,995,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 393 | $71,185,000 | $181,132 |
| 60-80% | 198 | $32,170,000 | $162,475 |
| 20-40% | 126 | $8,040,000 | $63,810 |
| Under 20% | 116 | $4,000,000 | $34,483 |
| 40-60% | 109 | $11,725,000 | $107,569 |
| Over 100% | 12 | $2,490,000 | $207,500 |
Marinette's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 393 originations, totaling $71,185,000 in origination value.