Marquette Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marquette averaged
7.16%
for the week of 2024-11-27, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2024-11-21) was
6.99% and
one month ago for the week of 2024-10-24, the
average rate was 6.89%.
Marquette's average rate one year ago was 7.54%.
For refis of the same type during the week of 2024-11-27, the average rate
was 7.11%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-27 | 6.81% |
Marquette 30 Year Fixed Rate | 2024-11-27 | 7.16% |
Marquette 30 Year Fixed Rate Refi | 2024-11-27 | 7.11% |
Marquette 15 Year Fixed Rate | 2024-11-27 | 6.2% |
Marquette 15 Year Fixed Rate Refi | 2024-11-27 | 6.3% |
Marquette 30 Year FHA | 2024-11-27 | -0.1% |
Marquette 30 Year FHA Refi | 2024-11-27 | -0.2% |
Marquette 30 Year USDA | 2024-11-27 | 0.1% |
Marquette 30 Year USDA Refi | 2024-11-27 | -0.2% |
Marquette 30 Year VA | 2024-11-27 | -0.2% |
Marquette 30 Year VA Refi | 2024-11-27 | -0.2% |
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.).
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. LouisDate | 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 |
Marquette's median listing price comes in at 0% of the national average.
Marquette's average listing price for 2024-10-01 was $487,030, a difference of $40,746 (9.1%) versus the prior year and $52,424 versus the prior month.
For the 2024-10-01 period, Marquette had 115 MLS listings, a difference of 1 listings (1%) versus the prior month and -5 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marquette (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Marquette's median square footage for active listings during the 2024-10-01 period was 1,795 sqft. One year prior, the average listing was 1,409 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.