Marquette Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Marquette averaged 6.35% 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.