Marquette 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 Marquette averaged 6.85% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.74% and one month ago for the week of 2024-11-07, the average rate was 6.94%.

    Marquette's average rate one year ago was 7.08%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Marquette 30 Year Fixed Rate 2024-12-12 6.85%
    Marquette 30 Year Fixed Rate Refi 2024-12-12 6.7%
    Marquette 15 Year Fixed Rate 2024-12-12 6.04%
    Marquette 15 Year Fixed Rate Refi 2024-12-12 6.24%
    Marquette 30 Year FHA 2024-12-12 6.08%
    Marquette 30 Year FHA Refi 2024-12-12 6.08%
    Marquette 30 Year USDA 2024-12-12 6.2%
    Marquette 30 Year USDA Refi 2024-12-12 6.3%
    Marquette 30 Year VA 2024-12-12 6.08%
    Marquette 30 Year VA Refi 2024-12-12 5.98%
    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%) $513,234 (14.1%) 0.00 103
    2024-07-01 $349,000 (6.7%) $495,731 (8.8%) 0.00 107
    2024-08-01 $299,450 (-0.1%) $445,262 (-1.6%) 0.00 122
    2024-09-01 $294,450 (-3.4%) $434,606 (-1.6%) 0.00 114
    2024-10-01 $306,975 (-7.7%) $487,030 (9.1%) 0.00 115
    2024-11-01 $310,000 (-7.7%) $488,713 (6.6%) 0.00 110
    Marquette's median listing price for 2024-11-01 was $310,000, a difference of $-26,000 (-7.7%) versus the prior year and $3,025 versus the prior month.

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

    Marquette's average listing price for 2024-11-01 was $488,713, a difference of $30,108 (6.6%) versus the prior year and $1,683 versus the prior month.

    For the 2024-11-01 period, Marquette had 110 MLS listings, a difference of -5 listings (-4%) versus the prior month and 3 listings (3%) 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
    2024-07-01 0 days 1,680 sqft
    2024-08-01 0 days 1,674 sqft
    2024-09-01 0 days 1,740 sqft
    2024-10-01 0 days 1,795 sqft
    2024-11-01 0 days 1,785 sqft
    Marquette's median listing age (time on market) for 2024-11-01 was 0 days.

    Marquette's median square footage for active listings during the 2024-11-01 period was 1,785 sqft. One year prior, the average listing was 1,362 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.