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 6.35% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.47% and one month ago for the week of 2023-04-20, the average rate was 6.37%.

Marquette's average rate one year ago was 5.13%.

For refis of the same type during the week of 2023-05-25, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Marquette 30 Year Fixed Rate 2023-05-25 6.35%
Marquette 30 Year Fixed Rate Refi 2023-05-25 7.17%
Marquette 15 Year Fixed Rate 2023-05-25 6.17%
Marquette 15 Year Fixed Rate Refi 2023-05-25 6.27%
Marquette 30 Year FHA 2023-05-25 6.41%
Marquette 30 Year FHA Refi 2023-05-25 6.71%
Marquette 30 Year USDA 2023-05-25 6.43%
Marquette 30 Year USDA Refi 2023-05-25 6.53%
Marquette 30 Year VA 2023-05-25 6.21%
Marquette 30 Year VA Refi 2023-05-25 6.51%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Range Bank 108 5.05% $3,955
IncredibleBank 95 5.06% $2,502
Nicolet National Bank 83 4.87% $3,047
QUICKEN LOANS, LLC 42 5.34% $5,713
Flagstar Bank, FSB 24 5.12% $3,373
Honor Credit Union 22 4.32% $2,542
The Huntington National Bank 21 4.80% $3,363
UNITED WHOLESALE MORTGAGE, LLC 19 5.33% $4,388
Wells Fargo Bank 14 5.09% $4,308
MICHIGAN MUTUAL, INC. 12 4.90% $5,281
LAKE MICHIGAN CREDIT UNION 7 5.00% $4,174
JPMorgan Chase Bank 5 4.85% $4,941
Associated Bank 5 6.40% $3,882
FREEDOM MORTGAGE CORPORATION 3 5.29% $3,673
MEMBER ADVANTAGE MORTGAGE, LLC 3 4.63% $3,837
BETTER MORTGAGE CORPORATION 3 5.88% $2,723
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 3.58% $3,738
HOME POINT FINANCIAL CORPORATION 2 5.94% $2,890
PNC Bank 2 5.44% $4,270
SUCCESS MORTGAGE PARTNERS, INC. 2 6.13% $3,394
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.25% $4,292
COMPASS MORTGAGE, INC. 2 6.87% $6,138
BMO Harris Bank 2 6.19% $5,990
GUARANTEED RATE AFFINITY, LLC 1 4.63% $3,004
GUILD MORTGAGE COMPANY 1 6.13% $5,621
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.75% $4,349
HOMESIDE FINANCIAL, LLC 1 8.13% $4,481
Johnson Bank 1 4.25% $2,830
LAKEVIEW LOAN SERVICING, LLC 1 4.25% $3,858
LOANDEPOT.COM, LLC 1 6.13% $4,871
MICHIGAN FIRST CREDIT UNION 1 3.38% $4,549
MICHIGAN SCHOOLS AND GOVERNMENT 1 3.88% $2,966
Morgan Stanley Private Bank 1 2.65% $3,462
MOVEMENT MORTGAGE, LLC 1 5.56% $3,730
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $5,611
Neighborhood Loans, Inc. 1 6.13% $5,854
Old National Bank 1 3.25% $2,750
PENNYMAC LOAN SERVICES, LLC 1 3.88% $4,738
ROYAL UNITED MORTGAGE LLC 1 3.50% $6,107
The Central Trust Bank 1 4.75% $3,162
The Dart Bank 1 6.75% $4,072
The State Bank 1 4.50% $2,646
The Stephenson National Bank and Trust 1 5.63% $2,483
THRIVENT Federal Credit Union 1 4.38% $2,535
UNITED 1 6.75% $5,182
University Bank 1 6.13% $2,838
UNIVERSITY LENDING GROUP, LLC 1 4.25% $3,511
U.S. Bank 1 5.38% $6,481
Ally Bank 1 2.99% $2,639
ZILLOW HOME LOANS, LLC 1 5.38% $6,827
AMERICAN FINANCING CORPORATION 1 3.75% $3,833
American Mortgage & Equity Consultants, Inc. 1 6.88% $3,172
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.63% $3,591
AMERIFIRST FINANCIAL CORPORATION 1 6.13% $3,111
Bank of America 1 5.38% $3,561
Bank of England 1 3.25% $5,384
Bethpage Federal Credit Union 1 5.38% $6,172
BROKER SOLUTIONS, INC. 1 4.25% $5,601
CALIBER HOME LOANS, INC. 1 6.13% $4,912
Carrington Mortgage Services, LLC 1 4.13% $7,200
CHURCHILL MORTGAGE CORPORATION 1 3.50% $2,932
CMG MORTGAGE, INC. 1 5.38% $10,195
Discover Bank 1 8.49% $0
DOW CHEMICAL EMPLOYEES' 1 6.50% $2,027
DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $7,145
DUPACO COMMUNITY 1 5.00% $2,927
EVERETT FINANCIAL, INC. 1 3.88% $2,712
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $11,866
Fifth Third Bank 1 3.88% $3,793
FOX COMMUNITIES 1 3.50% $0
Frankenmuth Credit Union 1 7.13% $2,560
GreenStone Farm Credit Services, FLCA 1 8.15% $2,821

Marquette Average Closing Costs & Other Stats

Marquette, MI's 72 lenders originated 1,194 loans during 2022. The total origination value was $223,490,000, with an average loan value of $187,178.

Marquette's average closing costs are $3,288.

The top Marquette lender as defined by loan originations is Range Bank, with 108 loans originated. Their average total fees are $3,955, which is $1,452 higher than the next largest lender, IncredibleBank.

The lowest fee Marquette lenders (with over 10 loans originated) are IncredibleBank ($2,502), Honor Credit Union ($2,542), Nicolet National Bank ($3,047), The Huntington National Bank ($3,363) and Flagstar Bank, FSB ($3,373).

The lowest rate Marquette lenders (with over 10 loans originated) are Honor Credit Union (4.32%), The Huntington National Bank (4.80%), Nicolet National Bank (4.87%), MICHIGAN MUTUAL, INC. (4.90%) and Range Bank (5.05%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Range Bank $70,445,000 $34,185,000 -51.5% 15.3%
IncredibleBank $57,340,000 $32,520,000 -43.3% 14.6%
Nicolet National Bank $6,430,000 $28,415,000 341.9% 12.7%
Honor Credit Union $23,575,000 $15,965,000 -32.3% 7.1%
QUICKEN LOANS, LLC $34,415,000 $15,690,000 -54.4% 7.0%
GREYSTONE SERVICING COMPANY LLC $7,315,000 $12,355,000 68.9% 5.5%
Flagstar Bank, FSB $12,210,000 $9,355,000 -23.4% 4.2%
The Huntington National Bank $8,765,000 $8,320,000 -5.1% 3.7%
UNITED WHOLESALE MORTGAGE, LLC $10,930,000 $7,745,000 -29.1% 3.5%
Wells Fargo Bank $11,600,000 $4,850,000 -58.2% 2.2%
Mortgage Research Center, LLC $4,950,000 $4,340,000 -12.3% 1.9%
MICHIGAN MUTUAL, INC. $3,395,000 $4,010,000 18.1% 1.8%
LAKE MICHIGAN CREDIT UNION $1,705,000 $3,235,000 89.7% 1.4%
HOME POINT FINANCIAL CORPORATION $4,245,000 $3,075,000 -27.6% 1.4%
JPMorgan Chase Bank $2,830,000 $2,345,000 -17.1% 1.0%
Grandbridge Real Estate Capital LLC $1,805,000 n/a 0.8%
FREEDOM MORTGAGE CORPORATION $5,585,000 $1,655,000 -70.4% 0.7%
USAA Federal Savings Bank $645,000 $1,600,000 148.1% 0.7%
NAVY FEDERAL CREDIT UNION $1,875,000 $1,285,000 -31.5% 0.6%
Associated Bank $1,160,000 $1,055,000 -9.1% 0.5%
NEW DAY FINANCIAL, LLC $1,140,000 $870,000 -23.7% 0.4%
LAKEVIEW LOAN SERVICING, LLC $1,090,000 $820,000 -24.8% 0.4%
PNC Bank $815,000 $805,000 -1.2% 0.4%
MORTGAGE 1 INCORPORATED $175,000 $760,000 334.3% 0.3%
BETTER MORTGAGE CORPORATION $2,165,000 $755,000 -65.1% 0.3%
Morgan Stanley Private Bank $355,000 $735,000 107.0% 0.3%
CMG MORTGAGE, INC. $335,000 $730,000 117.9% 0.3%
U.S. Bank $920,000 $665,000 -27.7% 0.3%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $575,000 $645,000 12.2% 0.3%
BROKER SOLUTIONS, INC. $750,000 $640,000 -14.7% 0.3%
The Dart Bank $635,000 n/a 0.3%
Old National Bank $620,000 n/a 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $490,000 $595,000 21.4% 0.3%
Capital Bank $565,000 n/a 0.3%
Fifth Third Bank $485,000 $565,000 16.5% 0.3%
Ally Bank $350,000 $555,000 58.6% 0.2%
Bank of England $335,000 $545,000 62.7% 0.2%
PENTAGON FEDERAL CREDIT UNION $330,000 $520,000 57.6% 0.2%
AMERISAVE MORTGAGE CORPORATION $2,150,000 $455,000 -78.8% 0.2%
MOVEMENT MORTGAGE, LLC $145,000 $455,000 213.8% 0.2%
UNIVERSITY LENDING GROUP, LLC $185,000 $455,000 145.9% 0.2%
MEMBER ADVANTAGE MORTGAGE, LLC $1,000,000 $440,000 -56.0% 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $245,000 $440,000 79.6% 0.2%
COMPASS MORTGAGE, INC. $460,000 $400,000 -13.0% 0.2%
LOANDEPOT.COM, LLC $3,385,000 $390,000 -88.5% 0.2%
Northpointe Bank $385,000 n/a 0.2%
American Airlines Federal Credit Union $375,000 n/a 0.2%
The Central Trust Bank $355,000 n/a 0.2%
The Stephenson National Bank and Trust $445,000 $350,000 -21.3% 0.2%
DUPACO COMMUNITY $325,000 n/a 0.1%
Ixonia Bank $325,000 n/a 0.1%
American Bank & Trust $315,000 n/a 0.1%
Powell Valley National Bank $315,000 n/a 0.1%
UNITED $315,000 n/a 0.1%
CALIBER HOME LOANS, INC. $555,000 $310,000 -44.1% 0.1%
Citizens Bank $530,000 $310,000 -41.5% 0.1%
PENNYMAC LOAN SERVICES, LLC $1,640,000 $305,000 -81.4% 0.1%
Carrington Mortgage Services, LLC $300,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,065,000 $295,000 -72.3% 0.1%
BMO Harris Bank $290,000 n/a 0.1%
American Mortgage & Equity Consultants, Inc. $275,000 n/a 0.1%
The Federal Savings Bank $740,000 $275,000 -62.8% 0.1%
VILLAGE CAPITAL MORTGAGE $230,000 $270,000 17.4% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $260,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $255,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $255,000 n/a 0.1%
MICHIGAN FIRST CREDIT UNION $255,000 n/a 0.1%
The State Bank $235,000 n/a 0.1%
AMERICAN ADVISORS GROUP $65,000 $230,000 253.8% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $565,000 $230,000 -59.3% 0.1%
AMERIFIRST FINANCIAL CORPORATION $140,000 $225,000 60.7% 0.1%
CHURCHILL MORTGAGE CORPORATION $375,000 $220,000 -41.3% 0.1%
CONSUMERS $115,000 $215,000 87.0% 0.1%
AMERICAN FINANCING CORPORATION $55,000 $210,000 281.8% 0.1%
DIGITAL Federal Credit Union $205,000 n/a 0.1%
Neighborhood Loans, Inc. $360,000 $205,000 -43.1% 0.1%
MID AMERICA MORTGAGE, INC. $200,000 n/a 0.1%
Bank of America $195,000 n/a 0.1%
MICHIGAN ONE COMMUNITY Credit Union $185,000 n/a 0.1%
NEWREZ LLC $685,000 $180,000 -73.7% 0.1%
ALLIANT CREDIT UNION $175,000 n/a 0.1%
EVERETT FINANCIAL, INC. $175,000 n/a 0.1%
Johnson Bank $175,000 n/a 0.1%
University Bank $175,000 n/a 0.1%
GreenStone Farm Credit Services, FLCA $1,445,000 $170,000 -88.2% 0.1%
HOMESIDE FINANCIAL, LLC $170,000 n/a 0.1%
CITIZENS EQUITY FIRST $165,000 n/a 0.1%
DOW CHEMICAL EMPLOYEES' $390,000 $165,000 -57.7% 0.1%
Frankenmuth Credit Union $155,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $175,000 $155,000 -11.4% 0.1%
Bank of Pontiac $145,000 n/a 0.1%
Bethpage Federal Credit Union $145,000 n/a 0.1%
Arvest Bank $135,000 n/a 0.1%
FOX COMMUNITIES $515,000 $125,000 -75.7% 0.1%
M&T Bank $245,000 $125,000 -49.0% 0.1%
CoVantage Credit Union $45,000 $120,000 166.7% 0.1%
CREDIT UNION ONE $185,000 $115,000 -37.8% 0.1%
GUILD MORTGAGE COMPANY $115,000 n/a 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $460,000 $105,000 -77.2% 0.0%
GUARANTEED RATE AFFINITY, LLC $335,000 $105,000 -68.7% 0.0%
THRIVENT Federal Credit Union $105,000 n/a 0.0%
United Bay Community Credit Union $105,000 n/a 0.0%
Figure Lending LLC $35,000 $80,000 128.6% 0.0%
SPRING EQ, LLC $80,000 n/a 0.0%
ARBOR FINANCIAL CREDIT UNION $75,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $205,000 $75,000 -63.4% 0.0%
ROYAL UNITED MORTGAGE LLC $75,000 $65,000 -13.3% 0.0%
Discover Bank $190,000 $55,000 -71.1% 0.0%
GENISYS $55,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.0%
Northstar Bank $45,000 n/a 0.0%
21ST MORTGAGE CORPORATION $270,000 $35,000 -87.0% 0.0%

Marquette's top lender by overall market share is Range Bank, with 15.3% market share. In second place, with 14.6%, is IncredibleBank, having originated $32,520,000 in loans. In third place, with 12.7%, is Nicolet National Bank, having originated $28,415,000 in loans. In fourth place, with 7.1%, is Honor Credit Union, having originated $15,965,000 in loans. In fifth place, with 7.0%, is QUICKEN LOANS, LLC, having originated $15,690,000 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 $169,650 (13.3%) $396,051 (69.2%) 0.00 353
2018-02-01 $174,975 (12.9%) $425,851 (79.8%) 0.00 323
2018-03-01 $178,200 (11.4%) $429,962 (80.3%) 0.00 328
2018-04-01 $182,200 (7.2%) $425,791 (64.8%) 0.00 338
2018-05-01 $189,900 (9.1%) $417,372 (65.5%) 0.00 366
2018-06-01 $185,000 (8.9%) $377,558 (52.0%) 0.00 420
2018-07-01 $189,700 (11.7%) $368,078 (46.9%) 0.00 451
2018-08-01 $189,900 (11.4%) $348,670 (40.3%) 0.00 464
2018-09-01 $183,500 (11.3%) $372,538 (30.2%) 0.00 475
2018-10-01 $186,950 (13.4%) $377,096 (23.6%) 0.00 452
2018-11-01 $182,600 (14.2%) $385,173 (11.6%) 0.00 419
2018-12-01 $189,900 (18.8%) $408,631 (13.0%) 0.00 365
2019-01-01 $187,000 (10.2%) $435,311 (9.9%) 0.00 307
2019-02-01 $184,450 (5.4%) $447,296 (5.0%) 0.00 296
2019-03-01 $189,900 (8.8%) $323,635 (-24.7%) 0.00 286
2019-04-01 $199,825 (9.7%) $344,314 (-19.1%) 0.00 274
2019-05-01 $204,950 (7.8%) $340,237 (-18.5%) 0.00 290
2019-06-01 $209,900 (10.8%) $318,607 (-15.6%) 0.00 364
2019-07-01 $199,450 (5.1%) $302,604 (-17.8%) 0.00 390
2019-08-01 $199,000 (0.5%) $293,405 (-15.9%) 0.00 409
2019-09-01 $189,325 (2.2%) $289,473 (-22.3%) 0.00 410
2019-10-01 $185,425 (-1.1%) $282,803 (-25.0%) 0.00 420
2019-11-01 $178,800 (-2.1%) $251,205 (-34.8%) 0.00 379
2019-12-01 $179,450 (-5.5%) $260,722 (-36.2%) 0.00 323
2020-01-01 $177,600 (-5.0%) $257,327 (-40.9%) 0.00 263
2020-02-01 $189,700 (2.9%) $297,853 (-33.4%) 0.00 246
2020-03-01 $189,825 (-2.1%) $313,160 (-3.2%) 0.00 227
2020-04-01 $202,300 (1.2%) $319,767 (-7.1%) 0.00 224
2020-05-01 $213,500 (4.3%) $311,411 (-8.5%) 0.00 232
2020-06-01 $199,900 (-2.5%) $352,669 (10.7%) 0.00 240
2020-07-01 $222,500 (11.6%) $368,932 (21.9%) 0.00 233
2020-08-01 $214,000 (12.2%) $337,183 (14.9%) 0.00 221
2020-09-01 $197,450 (5.3%) $345,684 (19.4%) 0.00 206
2020-10-01 $184,950 (0.0%) $346,604 (22.6%) 0.00 188
2020-11-01 $178,800 (0.0%) $319,634 (27.2%) 0.00 175
2020-12-01 $181,700 (1.3%) $325,355 (24.8%) 0.00 151
2021-01-01 $189,000 (6.4%) $347,878 (35.2%) 0.00 123
2021-02-01 $197,675 (4.2%) $399,388 (34.1%) 0.00 105
2021-03-01 $216,125 (13.9%) $388,963 (24.2%) 0.00 120
2021-04-01 $214,000 (5.8%) $428,295 (33.9%) 0.00 111
2021-05-01 $230,000 (7.7%) $406,633 (30.6%) 0.00 132
2021-06-01 $240,975 (20.6%) $407,639 (15.6%) 0.00 146
2021-07-01 $238,700 (7.3%) $405,703 (10.0%) 0.00 146
2021-08-01 $238,725 (11.6%) $421,872 (25.1%) 0.00 143
2021-09-01 $259,900 (31.6%) $434,548 (25.7%) 0.00 124
2021-10-01 $244,900 (32.4%) $437,967 (26.4%) 0.00 107
2021-11-01 $221,175 (23.7%) $455,753 (42.6%) 0.00 80
2021-12-01 $183,700 (1.1%) $425,991 (30.9%) 0.00 76
2022-01-01 $188,500 (-0.3%) $458,198 (31.7%) 0.00 62
2022-02-01 $229,725 (16.2%) $491,795 (23.1%) 0.00 61
2022-03-01 $265,000 (22.6%) $559,771 (43.9%) 0.00 47
2022-04-01 $219,900 (2.8%) $531,331 (24.1%) 0.00 50
2022-05-01 $212,000 (-7.8%) $297,324 (-26.9%) 0.00 66
2022-06-01 $239,925 (-0.4%) $372,334 (-8.7%) 0.00 91
2022-07-01 $244,900 (2.6%) $378,978 (-6.6%) 0.00 116
2022-08-01 $254,925 (6.8%) $396,903 (-5.9%) 0.00 125
2022-09-01 $249,750 (-3.9%) $406,180 (-6.5%) 0.00 120
2022-10-01 $265,000 (8.2%) $431,068 (-1.6%) 0.00 107
2022-11-01 $267,500 (20.9%) $427,531 (-6.2%) 0.00 93
2022-12-01 $272,500 (48.3%) $445,368 (4.6%) 0.00 74
2023-01-01 $255,750 (35.7%) $450,665 (-1.6%) 0.00 69
2023-02-01 $264,000 (14.9%) $480,578 (-2.3%) 0.00 52
2023-03-01 $316,475 (19.4%) $507,234 (-9.4%) 0.00 46
2023-04-01 $294,500 (0.0%) $525,809 (-1.0%) 0.00 47
Marquette's median listing price for 2023-04-01 was $294,500, a difference of $74,600 (0.0%) versus the prior year and $-21,975 versus the prior month.

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

Marquette's average listing price for 2023-04-01 was $525,809, a difference of $-5,522 (-1.0%) versus the prior year and $18,575 versus the prior month.

For the 2023-04-01 period, Marquette had 47 MLS listings, a difference of 1 listings (2%) versus the prior month and -3 listings (-6%) 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 1,605 sqft
2018-02-01 0 days 1,617 sqft
2018-03-01 0 days 1,596 sqft
2018-04-01 0 days 1,596 sqft
2018-05-01 0 days 1,564 sqft
2018-06-01 0 days 1,520 sqft
2018-07-01 0 days 1,507 sqft
2018-08-01 0 days 1,535 sqft
2018-09-01 0 days 1,525 sqft
2018-10-01 0 days 1,518 sqft
2018-11-01 0 days 1,488 sqft
2018-12-01 0 days 1,486 sqft
2019-01-01 0 days 1,461 sqft
2019-02-01 0 days 1,456 sqft
2019-03-01 0 days 1,461 sqft
2019-04-01 0 days 1,483 sqft
2019-05-01 0 days 1,497 sqft
2019-06-01 0 days 1,560 sqft
2019-07-01 0 days 1,532 sqft
2019-08-01 0 days 1,582 sqft
2019-09-01 0 days 1,583 sqft
2019-10-01 0 days 1,576 sqft
2019-11-01 0 days 1,533 sqft
2019-12-01 0 days 1,559 sqft
2020-01-01 0 days 1,539 sqft
2020-02-01 0 days 1,556 sqft
2020-03-01 0 days 1,504 sqft
2020-04-01 0 days 1,496 sqft
2020-05-01 0 days 1,494 sqft
2020-06-01 0 days 1,469 sqft
2020-07-01 0 days 1,494 sqft
2020-08-01 0 days 1,467 sqft
2020-09-01 0 days 1,420 sqft
2020-10-01 0 days 1,355 sqft
2020-11-01 0 days 1,335 sqft
2020-12-01 0 days 1,334 sqft
2021-01-01 0 days 1,368 sqft
2021-02-01 0 days 1,471 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 1,540 sqft
2021-11-01 0 days 1,530 sqft
2021-12-01 0 days 1,312 sqft
2022-01-01 0 days 1,312 sqft
2022-02-01 0 days 1,436 sqft
2022-03-01 0 days 1,363 sqft
2022-04-01 0 days 1,400 sqft
2022-05-01 0 days 1,384 sqft
2022-06-01 0 days 1,529 sqft
2022-07-01 0 days 1,487 sqft
2022-08-01 0 days 1,595 sqft
2022-09-01 0 days 1,471 sqft
2022-10-01 0 days 1,354 sqft
2022-11-01 0 days 1,421 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
Marquette's median listing age (time on market) for 2023-04-01 was 0 days.

Marquette's median square footage for active listings during the 2023-04-01 period was 1,597 sqft. One year prior, the average listing was 1,400 sqft.

Marquette, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 633 $138,385,000 $218,618
Cash Out Refi 244 $38,830,000 $159,139
Refi 134 $35,880,000 $267,761
Home Improvement 117 $6,445,000 $55,085
Other 66 $3,950,000 $59,848

Marquette's most frequently cited loan purpose was Home Purchase, with 633 originations. The 2nd most popular reason was Cash Out Refi, with 244 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 323 $55,235,000 $171,006
4-5% 298 $71,860,000 $241,141
3-4% 257 $48,195,000 $187,529
6-7% 152 $22,970,000 $151,118
7-8% 57 $6,975,000 $122,368
2.5-3% 56 $12,110,000 $216,250
<2.5% 26 $4,100,000 $157,692
Over 8% 22 $1,580,000 $71,818

During 2022, Marquette's most frequently originated rate bucket was 5-6%, with 323 originations.

Loan Sizing (Marquette, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 462 $67,920,000 $147,013
$100,000 or less 357 $19,855,000 $55,616
$200k-400k 292 $77,440,000 $265,205
$400k-600k 61 $29,225,000 $479,098
$600k-1000k 19 $13,335,000 $701,842
$Over $1MM 3 $15,715,000 $5,238,333

Marquette's loan sizing saw the bucket of loans from $100k-200k with 462 originations, totaling $67,920,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 478 $105,570,000 $220,858
60-80% 327 $80,025,000 $244,725
40-60% 128 $17,710,000 $138,359
20-40% 125 $10,045,000 $80,360
Under 20% 118 $5,920,000 $50,169
Over 100% 8 $2,610,000 $326,250

Marquette's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 478 originations, totaling $105,570,000 in origination value.