Marquette Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Marquette averaged 7.2% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.81% and one month ago for the week of 2024-05-30, the average rate was 7.18%.

Marquette's average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-07-03, the average rate was 7.05%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Marquette 30 Year Fixed Rate 2024-07-03 7.2%
Marquette 30 Year Fixed Rate Refi 2024-07-03 7.05%
Marquette 15 Year Fixed Rate 2024-07-03 6.45%
Marquette 15 Year Fixed Rate Refi 2024-07-03 6.75%
Marquette 30 Year FHA 2024-07-03 6.72%
Marquette 30 Year FHA Refi 2024-07-03 6.82%
Marquette 30 Year USDA 2024-07-03 6.64%
Marquette 30 Year USDA Refi 2024-07-03 6.84%
Marquette 30 Year VA 2024-07-03 6.48%
Marquette 30 Year VA Refi 2024-07-03 6.38%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marquette, MI.

Marquette 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 Marquette, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Range Bank 77 6.90% $3,498
IncredibleBank 63 6.77% $3,019
Nicolet National Bank 41 7.06% $3,294
QUICKEN LOANS, LLC 30 7.05% $6,338
UNITED WHOLESALE MORTGAGE, LLC 26 7.21% $5,448
The Huntington National Bank 19 6.97% $3,258
Honor Credit Union 14 6.75% $2,856
Wells Fargo Bank 10 7.03% $5,624
JPMorgan Chase Bank 6 6.67% $4,089
Flagstar Bank, FSB 6 7.03% $4,159
MICHIGAN MUTUAL, INC. 5 6.65% $6,136
LAKE MICHIGAN CREDIT UNION 5 6.63% $3,507
ZILLOW HOME LOANS, LLC 3 7.50% $3,961
BROKER SOLUTIONS, INC. 3 6.87% $6,947
PENNYMAC LOAN SERVICES, LLC 3 6.95% $6,082
USAA Federal Savings Bank 3 7.38% $4,860
U.S. Bank 3 7.29% $3,717
PNC Bank 2 6.75% $4,278
FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.88% $3,671
NEWREZ LLC 2 7.18% $7,471
CoVantage Credit Union 2 7.38% $3,590
GUARANTEED RATE, INC. 2 7.05% $4,173
MORTGAGE 1 INCORPORATED 2 7.00% $6,543
Mortgage Research Center, LLC 2 5.75% $14,579
Nations Lending Corporation 1 7.99% $4,389
NAVY FEDERAL CREDIT UNION 1 8.38% $5,704
Paramount Residential Mortgage Group, Inc. 1 8.00% $2,434
Royal Credit Union 1 7.00% $5,835
Sierra Pacific Mortgage Company, Inc. 1 7.99% $7,499
STAUNTON FINANCIAL, INC. 1 5.99% $2,799
Stifel Bank and Trust 1 5.75% $1,338
SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $3,305
TEACHERS CREDIT UNION 1 8.63% $3,135
The Dart Bank 1 7.13% $4,529
American Airlines Federal Credit Union 1 6.25% $0
UNION HOME MORTGAGE CORP. 1 7.25% $3,472
The Greenwood's State Bank 1 7.88% $2,488
AmeriHome Mortgage Company, LLC 1 7.13% $3,228
ARBOR FINANCIAL CREDIT UNION 1 6.13% $3,391
Bank of England 1 7.25% $13,039
Barrington Bank & Trust Company, N.A. 1 7.49% $3,750
Baxter Credit Union 1 7.75% $2,571
ChoiceOne Bank 1 7.25% $2,524
CHURCHILL MORTGAGE CORPORATION 1 5.99% $5,871
CIBM Bank 1 6.38% $2,760
CROSSCOUNTRY MORTGAGE, LLC 1 8.13% $4,946
EVERETT FINANCIAL, INC. 1 7.50% $8,935
Fidelity Bank 1 7.38% $3,626
Fifth Third Bank 1 5.50% $3,276
First Merchants Bank 1 7.63% $3,875
FREEDOM MORTGAGE CORPORATION 1 7.25% $6,626
GUIDANCE RESIDENTIAL, LLC 1 7.38% $4,618
GUILD MORTGAGE COMPANY 1 7.25% $3,115
HOMESIDE FINANCIAL, LLC 1 6.75% $2,648
Independent Bank 1 6.63% $6,584
Mercantile Bank of Michigan 1 7.13% $3,219
Merchants Bank 1 5.38% $5,871
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 6.38% $5,600
Morgan Stanley Private Bank 1 5.20% $3,879
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $5,496

Marquette Average Closing Costs & Other Stats

Marquette, MI's 60 lenders originated 917 loans during 2023. The total origination value was $157,255,000, with an average loan value of $171,489.

Marquette's average closing costs are $3,429.

The top Marquette lender as defined by loan originations is Range Bank, with 77 loans originated. Their average total fees are $3,498, which is $479 higher than the next largest lender, IncredibleBank.

The lowest fee Marquette lenders (with over 10 loans originated) are Honor Credit Union ($2,856), IncredibleBank ($3,019), The Huntington National Bank ($3,258), Nicolet National Bank ($3,294) and Range Bank ($3,498).

The lowest rate Marquette lenders (with over 10 loans originated) are Honor Credit Union (6.75%), IncredibleBank (6.77%), Range Bank (6.90%), The Huntington National Bank (6.97%) and Wells Fargo Bank (7.03%).

Marquette, 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
Range Bank $34,185,000 $26,300,000 -23.1% 16.7%
IncredibleBank $32,520,000 $21,490,000 -33.9% 13.7%
Nicolet National Bank $28,415,000 $18,235,000 -35.8% 11.6%
Honor Credit Union $15,965,000 $16,250,000 1.8% 10.3%
QUICKEN LOANS, LLC $15,690,000 $9,865,000 -37.1% 6.3%
The Huntington National Bank $8,320,000 $6,755,000 -18.8% 4.3%
UNITED WHOLESALE MORTGAGE, LLC $7,745,000 $6,535,000 -15.6% 4.2%
Flagstar Bank, FSB $9,355,000 $5,335,000 -43.0% 3.4%
Mortgage Research Center, LLC $4,340,000 $5,310,000 22.4% 3.4%
MICHIGAN MUTUAL, INC. $4,010,000 $3,520,000 -12.2% 2.2%
Wells Fargo Bank $4,850,000 $2,270,000 -53.2% 1.4%
USAA Federal Savings Bank $1,600,000 $2,130,000 33.1% 1.4%
LAKE MICHIGAN CREDIT UNION $3,235,000 $1,900,000 -41.3% 1.2%
PENNYMAC LOAN SERVICES, LLC $305,000 $1,505,000 393.4% 1.0%
CONSUMERS $215,000 $1,265,000 488.4% 0.8%
JPMorgan Chase Bank $2,345,000 $1,160,000 -50.5% 0.7%
BROKER SOLUTIONS, INC. $640,000 $1,120,000 75.0% 0.7%
NAVY FEDERAL CREDIT UNION $1,285,000 $975,000 -24.1% 0.6%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $645,000 $945,000 46.5% 0.6%
NEWREZ LLC $180,000 $875,000 386.1% 0.6%
MORTGAGE 1 INCORPORATED $760,000 $870,000 14.5% 0.6%
FREEDOM MORTGAGE CORPORATION $1,655,000 $815,000 -50.8% 0.5%
CREDIT UNION ONE $115,000 $810,000 604.3% 0.5%
LOANDEPOT.COM, LLC $390,000 $710,000 82.1% 0.5%
First Merchants Bank $700,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $455,000 $680,000 49.5% 0.4%
ZILLOW HOME LOANS, LLC $155,000 $675,000 335.5% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $75,000 $615,000 720.0% 0.4%
Bank of England $545,000 $595,000 9.2% 0.4%
Paramount Residential Mortgage Group, Inc. $590,000 n/a 0.4%
PNC Bank $805,000 $565,000 -29.8% 0.4%
U.S. Bank $665,000 $490,000 -26.3% 0.3%
The Stephenson National Bank and Trust $350,000 $460,000 31.4% 0.3%
Citizens Bank $310,000 $455,000 46.8% 0.3%
GUARANTEED RATE, INC. $440,000 n/a 0.3%
EVERETT FINANCIAL, INC. $175,000 $425,000 142.9% 0.3%
BMO Harris Bank $290,000 $380,000 31.0% 0.2%
Independent Bank $375,000 n/a 0.2%
Stifel Bank and Trust $365,000 n/a 0.2%
Merchants Bank $355,000 n/a 0.2%
GreenStone Farm Credit Services, FLCA $170,000 $350,000 105.9% 0.2%
ALTRA $345,000 n/a 0.2%
Discover Bank $55,000 $345,000 527.3% 0.2%
Sierra Pacific Mortgage Company, Inc. $315,000 n/a 0.2%
SUMMIT FUNDING, INC. $295,000 n/a 0.2%
The Greenwood's State Bank $295,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $295,000 $290,000 -1.7% 0.2%
Armed Forces Bank $285,000 n/a 0.2%
Figure Lending LLC $80,000 $285,000 256.3% 0.2%
SeaTrust Mortgage Company $285,000 n/a 0.2%
Sturgis Bank & Trust Company $285,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $270,000 n/a 0.2%
CoVantage Credit Union $120,000 $260,000 116.7% 0.2%
ARBOR FINANCIAL CREDIT UNION $75,000 $255,000 240.0% 0.2%
QUORUM FEDERAL CREDIT UNION $255,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $250,000 n/a 0.2%
Deere Employees Credit Union $245,000 n/a 0.2%
Morgan Stanley Private Bank $735,000 $245,000 -66.7% 0.2%
RiverWood Bank $245,000 n/a 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $440,000 $245,000 -44.3% 0.2%
FIRST CENTENNIAL MORTGAGE CORPORATION $240,000 n/a 0.2%
GUIDANCE RESIDENTIAL, LLC $235,000 n/a 0.1%
BLG HOLDINGS, INC. $225,000 n/a 0.1%
Flanagan State Bank $225,000 n/a 0.1%
Cleveland State Bank $215,000 n/a 0.1%
TEACHERS CREDIT UNION $215,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $170,000 $195,000 14.7% 0.1%
PARTNERSHIP FINANCIAL $195,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $220,000 $175,000 -20.5% 0.1%
Fifth Third Bank $565,000 $175,000 -69.0% 0.1%
Royal Credit Union $175,000 n/a 0.1%
The Dart Bank $635,000 $165,000 -74.0% 0.1%
VILLAGE CAPITAL MORTGAGE $270,000 $165,000 -38.9% 0.1%
CIBM Bank $155,000 n/a 0.1%
CMG MORTGAGE, INC. $730,000 $155,000 -78.8% 0.1%
MID AMERICA MORTGAGE, INC. $200,000 $155,000 -22.5% 0.1%
21ST MORTGAGE CORPORATION $35,000 $145,000 314.3% 0.1%
NEW DAY FINANCIAL, LLC $870,000 $145,000 -83.3% 0.1%
Fidelity Bank $135,000 n/a 0.1%
Mercantile Bank of Michigan $135,000 n/a 0.1%
GERBER FEDERAL CREDIT UNION $125,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $520,000 $125,000 -76.0% 0.1%
SPRING EQ, LLC $80,000 $125,000 56.3% 0.1%
AmeriHome Mortgage Company, LLC $115,000 n/a 0.1%
Equity Prime Mortgage LLC $115,000 n/a 0.1%
Nations Lending Corporation $115,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $230,000 $105,000 -54.3% 0.1%
ROYAL UNITED MORTGAGE LLC $65,000 $105,000 61.5% 0.1%
Coastal Community Bank $100,000 n/a 0.1%
CARDINAL FINANCIAL $95,000 n/a 0.1%
ChoiceOne Bank $95,000 n/a 0.1%
GREENSTATE CREDIT UNION $85,000 n/a 0.1%
GUILD MORTGAGE COMPANY $115,000 $85,000 -26.1% 0.1%
STAUNTON FINANCIAL, INC. $85,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $85,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $75,000 n/a 0.0%
American Airlines Federal Credit Union $375,000 $65,000 -82.7% 0.0%
The Central Trust Bank $355,000 $65,000 -81.7% 0.0%
TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
Baxter Credit Union $55,000 n/a 0.0%
PCM $55,000 n/a 0.0%
Associated Bank $1,055,000 $25,000 -97.6% 0.0%
Centier Bank $25,000 n/a 0.0%
GENISYS $55,000 $25,000 -54.5% 0.0%

Marquette's top lender by overall market share is Range Bank, with 16.7% market share. In second place, with 13.7%, is IncredibleBank, having originated $21,490,000 in loans. In third place, with 11.6%, is Nicolet National Bank, having originated $18,235,000 in loans. In fourth place, with 10.3%, is Honor Credit Union, having originated $16,250,000 in loans. In fifth place, with 6.3%, is QUICKEN LOANS, LLC, having originated $9,865,000 in loans.


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

Realtor.com - Marquette (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 $164,900 (12.0%) $410,398 (73.4%) 0.00 329
2018-02-01 $169,900 (11.0%) $440,510 (83.6%) 0.00 301
2018-03-01 $174,500 (9.1%) $445,632 (84.7%) 0.00 303
2018-04-01 $179,150 (5.4%) $443,281 (69.3%) 0.00 310
2018-05-01 $188,200 (10.8%) $435,812 (71.1%) 0.00 336
2018-06-01 $184,500 (9.8%) $392,320 (57.0%) 0.00 388
2018-07-01 $189,575 (11.6%) $381,634 (50.8%) 0.00 416
2018-08-01 $189,900 (11.8%) $360,330 (43.6%) 0.00 430
2018-09-01 $179,999 (12.6%) $384,761 (32.4%) 0.00 444
2018-10-01 $184,550 (15.4%) $390,794 (25.5%) 0.00 420
2018-11-01 $179,900 (15.2%) $400,366 (12.9%) 0.00 389
2018-12-01 $189,700 (20.5%) $424,558 (13.8%) 0.00 340
2019-01-01 $189,250 (14.8%) $454,992 (10.9%) 0.00 286
2019-02-01 $187,250 (10.2%) $470,302 (6.8%) 0.00 273
2019-03-01 $198,243 (13.6%) $425,936 (-4.4%) 0.00 262
2019-04-01 $210,450 (17.5%) $358,943 (-19.0%) 0.00 255
2019-05-01 $209,500 (11.3%) $352,392 (-19.1%) 0.00 271
2019-06-01 $210,000 (13.8%) $326,032 (-16.9%) 0.00 336
2019-07-01 $196,450 (3.6%) $307,087 (-19.5%) 0.00 363
2019-08-01 $188,564 (-0.7%) $300,993 (-16.5%) 0.00 373
2019-09-01 $186,559 (3.6%) $294,575 (-23.4%) 0.00 382
2019-10-01 $185,200 (0.4%) $287,846 (-26.3%) 0.00 387
2019-11-01 $178,800 (-0.6%) $254,108 (-36.5%) 0.00 348
2019-12-01 $179,900 (-5.2%) $264,576 (-37.7%) 0.00 296
2020-01-01 $177,600 (-6.2%) $261,968 (-42.4%) 0.00 240
2020-02-01 $189,900 (1.4%) $307,578 (-34.6%) 0.00 221
2020-03-01 $190,450 (-3.9%) $325,167 (-23.7%) 0.00 204
2020-04-01 $208,325 (-1.0%) $330,346 (-8.0%) 0.00 201
2020-05-01 $210,000 (0.2%) $322,024 (-8.6%) 0.00 204
2020-06-01 $199,900 (-4.8%) $365,565 (12.1%) 0.00 211
2020-07-01 $221,200 (12.6%) $379,384 (23.5%) 0.00 206
2020-08-01 $209,500 (11.1%) $344,467 (14.4%) 0.00 196
2020-09-01 $199,875 (7.1%) $356,466 (21.0%) 0.00 181
2020-10-01 $189,500 (2.3%) $361,040 (25.4%) 0.00 166
2020-11-01 $182,425 (2.0%) $333,031 (31.1%) 0.00 151
2020-12-01 $185,450 (3.1%) $337,338 (27.5%) 0.00 132
2021-01-01 $189,500 (6.7%) $360,236 (37.5%) 0.00 110
2021-02-01 $214,000 (12.7%) $426,282 (38.6%) 0.00 88
2021-03-01 $222,200 (16.7%) $408,137 (25.5%) 0.00 104
2021-04-01 $233,625 (12.1%) $448,254 (35.7%) 0.00 97
2021-05-01 $249,900 (19.0%) $428,702 (33.1%) 0.00 118
2021-06-01 $249,700 (24.9%) $419,705 (14.8%) 0.00 132
2021-07-01 $250,000 (13.0%) $421,792 (11.2%) 0.00 133
2021-08-01 $250,000 (19.3%) $441,228 (28.1%) 0.00 129
2021-09-01 $292,175 (46.2%) $447,700 (25.6%) 0.00 116
2021-10-01 $250,000 (31.9%) $451,875 (25.2%) 0.00 101
2021-11-01 $221,175 (21.2%) $464,758 (39.6%) 0.00 77
2021-12-01 $183,700 (-0.9%) $429,432 (27.3%) 0.00 74
2022-01-01 $188,500 (-0.5%) $464,400 (28.9%) 0.00 61
2022-02-01 $229,725 (7.4%) $500,450 (17.4%) 0.00 59
2022-03-01 $265,000 (19.3%) $574,008 (40.6%) 0.00 45
2022-04-01 $201,950 (-13.6%) $534,160 (19.2%) 0.00 49
2022-05-01 $208,450 (-16.6%) $297,377 (-30.6%) 0.00 65
2022-06-01 $239,900 (-3.9%) $373,476 (-11.0%) 0.00 89
2022-07-01 $242,450 (-3.0%) $380,233 (-9.9%) 0.00 112
2022-08-01 $254,200 (1.7%) $394,928 (-10.5%) 0.00 124
2022-09-01 $241,750 (-17.3%) $404,000 (-9.8%) 0.00 120
2022-10-01 $249,999 (0.0%) $432,068 (-4.4%) 0.00 106
2022-11-01 $265,000 (19.8%) $437,651 (-5.8%) 0.00 92
2022-12-01 $272,500 (48.3%) $445,368 (3.7%) 0.00 74
2023-01-01 $255,750 (35.7%) $450,665 (-3.0%) 0.00 69
2023-02-01 $264,000 (14.9%) $480,578 (-4.0%) 0.00 52
2023-03-01 $316,475 (19.4%) $507,234 (-11.6%) 0.00 46
2023-04-01 $294,500 (45.8%) $525,809 (-1.6%) 0.00 47
2023-05-01 $294,725 (41.4%) $464,109 (56.1%) 0.00 69
2023-06-01 $332,400 (38.6%) $449,910 (20.5%) 0.00 80
2023-07-01 $326,950 (34.9%) $455,785 (19.9%) 0.00 111
2023-08-01 $299,675 (17.9%) $452,546 (14.6%) 0.00 121
2023-09-01 $304,900 (26.1%) $441,774 (9.4%) 0.00 124
2023-10-01 $332,450 (33.0%) $446,284 (3.3%) 0.00 120
2023-11-01 $336,000 (26.8%) $458,605 (4.8%) 0.00 107
2023-12-01 $364,950 (33.9%) $488,693 (9.7%) 0.00 91
2024-01-01 $328,000 (28.3%) $461,550 (2.4%) 0.00 74
2024-02-01 $332,425 (25.9%) $460,532 (-4.2%) 0.00 74
2024-03-01 $329,900 (4.2%) $477,401 (-5.9%) 0.00 77
2024-04-01 $330,475 (12.2%) $480,799 (-8.6%) 0.00 87
2024-05-01 $340,000 (15.4%) $494,344 (6.5%) 0.00 100
2024-06-01 $375,000 (12.8%) $517,426 (15.0%) 0.00 103
Marquette's median listing price for 2024-06-01 was $375,000, a difference of $42,600 (12.8%) versus the prior year and $35,000 versus the prior month.

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

Marquette's average listing price for 2024-06-01 was $517,426, a difference of $67,516 (15.0%) versus the prior year and $23,082 versus the prior month.

For the 2024-06-01 period, Marquette had 103 MLS listings, a difference of 3 listings (3%) versus the prior month and 23 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Marquette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,618 sqft
2018-02-01 0 days 1,624 sqft
2018-03-01 0 days 1,603 sqft
2018-04-01 0 days 1,604 sqft
2018-05-01 0 days 1,585 sqft
2018-06-01 0 days 1,540 sqft
2018-07-01 0 days 1,534 sqft
2018-08-01 0 days 1,553 sqft
2018-09-01 0 days 1,544 sqft
2018-10-01 0 days 1,540 sqft
2018-11-01 0 days 1,515 sqft
2018-12-01 0 days 1,512 sqft
2019-01-01 0 days 1,494 sqft
2019-02-01 0 days 1,493 sqft
2019-03-01 0 days 1,495 sqft
2019-04-01 0 days 1,517 sqft
2019-05-01 0 days 1,527 sqft
2019-06-01 0 days 1,576 sqft
2019-07-01 0 days 1,560 sqft
2019-08-01 0 days 1,568 sqft
2019-09-01 0 days 1,579 sqft
2019-10-01 0 days 1,586 sqft
2019-11-01 0 days 1,552 sqft
2019-12-01 0 days 1,569 sqft
2020-01-01 0 days 1,560 sqft
2020-02-01 0 days 1,568 sqft
2020-03-01 0 days 1,534 sqft
2020-04-01 0 days 1,528 sqft
2020-05-01 0 days 1,520 sqft
2020-06-01 0 days 1,486 sqft
2020-07-01 0 days 1,544 sqft
2020-08-01 0 days 1,494 sqft
2020-09-01 0 days 1,479 sqft
2020-10-01 0 days 1,440 sqft
2020-11-01 0 days 1,352 sqft
2020-12-01 0 days 1,348 sqft
2021-01-01 0 days 1,430 sqft
2021-02-01 0 days 1,526 sqft
2021-03-01 0 days 1,560 sqft
2021-04-01 0 days 1,560 sqft
2021-05-01 0 days 1,560 sqft
2021-06-01 0 days 1,560 sqft
2021-07-01 0 days 1,560 sqft
2021-08-01 0 days 1,560 sqft
2021-09-01 0 days 1,560 sqft
2021-10-01 0 days 1,555 sqft
2021-11-01 0 days 1,531 sqft
2021-12-01 0 days 1,314 sqft
2022-01-01 0 days 1,316 sqft
2022-02-01 0 days 1,496 sqft
2022-03-01 0 days 1,389 sqft
2022-04-01 0 days 1,352 sqft
2022-05-01 0 days 1,387 sqft
2022-06-01 0 days 1,555 sqft
2022-07-01 0 days 1,491 sqft
2022-08-01 0 days 1,599 sqft
2022-09-01 0 days 1,471 sqft
2022-10-01 0 days 1,359 sqft
2022-11-01 0 days 1,433 sqft
2022-12-01 0 days 1,350 sqft
2023-01-01 0 days 1,279 sqft
2023-02-01 0 days 1,274 sqft
2023-03-01 0 days 1,414 sqft
2023-04-01 0 days 1,597 sqft
2023-05-01 0 days 1,592 sqft
2023-06-01 0 days 1,503 sqft
2023-07-01 0 days 1,339 sqft
2023-08-01 0 days 1,349 sqft
2023-09-01 0 days 1,443 sqft
2023-10-01 0 days 1,409 sqft
2023-11-01 0 days 1,362 sqft
2023-12-01 0 days 1,527 sqft
2024-01-01 0 days 1,312 sqft
2024-02-01 0 days 1,513 sqft
2024-03-01 0 days 1,584 sqft
2024-04-01 0 days 1,619 sqft
2024-05-01 0 days 1,692 sqft
2024-06-01 0 days 1,678 sqft
Marquette's median listing age (time on market) for 2024-06-01 was 0 days.

Marquette's median square footage for active listings during the 2024-06-01 period was 1,678 sqft. One year prior, the average listing was 1,503 sqft.

Marquette, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 509 $114,325,000 $224,607
Cash Out Refi 155 $21,145,000 $136,419
Home Improvement 124 $6,480,000 $52,258
Other 71 $5,155,000 $72,606
Refi 58 $10,150,000 $175,000

Marquette's most frequently cited loan purpose was Home Purchase, with 509 originations. The 2nd most popular reason was Cash Out Refi, with 155 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 321 $66,025,000 $205,685
7-8% 275 $46,795,000 $170,164
Over 8% 211 $19,755,000 $93,626
5-6% 87 $19,055,000 $219,023
4-5% 16 $4,330,000 $270,625
<2.5% 1 $145,000 $145,000
3-4% 1 $65,000 $65,000

During 2023, Marquette's most frequently originated rate bucket was 6-7%, with 321 originations.

Loan Sizing (Marquette, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 330 $17,100,000 $51,818
$100k-200k 292 $43,430,000 $148,733
$200k-400k 242 $65,180,000 $269,339
$400k-600k 36 $17,280,000 $480,000
$600k-1000k 13 $9,215,000 $708,846
$Over $1MM 4 $5,050,000 $1,262,500

Marquette's loan sizing saw the bucket of loans from $100,000 or less with 330 originations, totaling $17,100,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 329 $76,435,000 $232,325
60-80% 212 $45,720,000 $215,660
20-40% 141 $12,085,000 $85,709
Under 20% 140 $5,680,000 $40,571
40-60% 83 $13,195,000 $158,976
Over 100% 5 $1,605,000 $321,000

Marquette's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 329 originations, totaling $76,435,000 in origination value.