Mount Pleasant 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 Mount Pleasant averaged 7.15% 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 7.14% and one month ago for the week of 2024-11-07, the average rate was 7.44%.

    Mount Pleasant's average rate one year ago was 7.38%.

    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%
    Mount Pleasant 30 Year Fixed Rate 2024-12-12 7.15%
    Mount Pleasant 30 Year Fixed Rate Refi 2024-12-12 6.7%
    Mount Pleasant 15 Year Fixed Rate 2024-12-12 5.74%
    Mount Pleasant 15 Year Fixed Rate Refi 2024-12-12 6.04%
    Mount Pleasant 30 Year FHA 2024-12-12 6.51%
    Mount Pleasant 30 Year FHA Refi 2024-12-12 6.38%
    Mount Pleasant 30 Year USDA 2024-12-12 6.1%
    Mount Pleasant 30 Year USDA Refi 2024-12-12 6.3%
    Mount Pleasant 30 Year VA 2024-12-12 5.98%
    Mount Pleasant 30 Year VA Refi 2024-12-12 6.08%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Pleasant, MI.

    Mount Pleasant 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 Mount Pleasant, 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
    Isabella Bank 52 6.44% $2,706
    Mercantile Bank of Michigan 48 6.80% $3,567
    FIRST CHOICE MH LLC 46 9.95% $2,800
    The Dart Bank 25 6.98% $3,461
    QUICKEN LOANS, LLC 24 6.85% $6,455
    UNITED WHOLESALE MORTGAGE, LLC 13 7.39% $6,918
    ACADEMY MORTGAGE CORPORATION 10 7.59% $4,929
    The Huntington National Bank 9 6.90% $4,370
    CROSSCOUNTRY MORTGAGE, LLC 8 6.99% $4,535
    FIRST COMMUNITY MORTGAGE, INC. 7 6.80% $5,579
    Independent Bank 6 6.60% $3,104
    MEMBERS FIRST Credit Union 5 7.60% $2,707
    MORTGAGE CENTER L.C 5 6.10% $4,015
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 5 6.63% $3,280
    Fifth Third Bank 5 6.77% $2,848
    CONSUMERS 4 7.03% $3,397
    BM Real Estate Services, Inc. 4 7.09% $4,251
    DOW CHEMICAL EMPLOYEES' 4 6.59% $3,799
    Preston Home Loans Inc 3 7.04% $5,009
    LAKE MICHIGAN CREDIT UNION 3 6.04% $2,719
    Wildfire Credit Union 3 6.67% $2,644
    GUARANTEED RATE, INC. 3 6.81% $4,235
    1st State Financial, Ltd. 3 6.21% $2,064
    ZILLOW HOME LOANS, LLC 2 7.56% $4,120
    BLG HOLDINGS, INC. 2 7.74% $6,639
    CARDINAL FINANCIAL 2 6.75% $4,025
    DFCU FINANCIAL 2 6.88% $3,211
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.43% $3,255
    GENISYS 2 6.94% $2,503
    JPMorgan Chase Bank 2 5.63% $4,280
    J. VIRGIL, INC. 2 7.00% $4,926
    LEGEND LENDING CORPORATION 2 6.94% $7,047
    MID AMERICA MORTGAGE, INC. 2 6.94% $3,629
    MMS MORTGAGE SERVICES, LTD. 2 5.87% $3,839
    Neighborhood Loans, Inc. 2 7.12% $7,403
    PENNYMAC LOAN SERVICES, LLC 2 6.56% $5,074
    STAUNTON FINANCIAL, INC. 2 6.75% $4,832
    UNION HOME MORTGAGE CORP. 2 7.25% $5,161
    First Merchants Bank 1 6.63% $3,624
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $5,538
    LOANDEPOT.COM, LLC 1 6.63% $3,960
    MEMBER FIRST MORTGAGE, LLC 1 6.88% $3,568
    First Federal Bank 1 8.63% $3,779
    Extra 1 6.63% $3,061
    MICHIGAN FIRST CREDIT UNION 1 6.50% $2,830
    MICHIGAN SCHOOLS AND GOVERNMENT 1 5.25% $1,860
    EVERETT FINANCIAL, INC. 1 6.88% $3,706
    The Loan Store, Inc. 1 7.63% $5,523
    1st National Bank 1 6.50% $3,007
    Discover Bank 1 6.24% $0
    Mortgage Research Center, LLC 1 7.38% $1,953
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $5,371
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $5,575
    NAVY FEDERAL CREDIT UNION 1 6.75% $1,747
    NBKC BANK 1 6.75% $2,262
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $5,098
    NEW ENGLAND FEDERAL CREDIT UNION 1 6.50% $2,153
    Paramount Residential Mortgage Group, Inc. 1 7.63% $4,891
    U.S. Bank 1 6.88% $713
    PNC Bank 1 7.75% $3,466
    PREFERRED CREDIT UNION 1 6.88% $4,398
    Citibank 1 7.63% $5,062
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $5,133
    BROKER SOLUTIONS, INC. 1 6.63% $5,465
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $6,285
    GENEVA FINANCIAL, LLC 1 6.75% $4,407
    21ST MORTGAGE CORPORATION 1 7.75% $4,636
    FREEDOM MORTGAGE CORPORATION 1 7.50% $7,428
    GUILD MORTGAGE COMPANY 1 6.63% $3,233
    GVC MORTGAGE, INC. 1 7.48% $8,161
    HOMEXPRESS MORTGAGE CORP. 1 8.63% $8,696
    Frankenmuth Credit Union 1 8.00% $0
    First State Bank 1 5.49% $3,092
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $4,687
    Bank of America 1 7.00% $1,933

    Mount Pleasant Average Closing Costs & Other Stats

    Mount Pleasant, MI's 75 lenders originated 903 loans during 2023. The total origination value was $130,165,000, with an average loan value of $144,147.

    Mount Pleasant's average closing costs are $3,719.

    The top Mount Pleasant lender as defined by loan originations is Isabella Bank, with 52 loans originated. Their average total fees are $2,706, which is $861 lower than the next largest lender, Mercantile Bank of Michigan.

    The lowest fee Mount Pleasant lenders (with over 10 loans originated) are Isabella Bank ($2,706), FIRST CHOICE MH LLC ($2,800), The Dart Bank ($3,461), Mercantile Bank of Michigan ($3,567) and ACADEMY MORTGAGE CORPORATION ($4,929).

    The lowest rate Mount Pleasant lenders (with over 10 loans originated) are Isabella Bank (6.44%), Mercantile Bank of Michigan (6.80%), QUICKEN LOANS, LLC (6.85%), The Dart Bank (6.98%) and UNITED WHOLESALE MORTGAGE, LLC (7.39%).

    Mount Pleasant, 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
    Isabella Bank $42,880,000 $28,040,000 -34.6% 21.5%
    Mercantile Bank of Michigan $17,580,000 $14,940,000 -15.0% 11.5%
    QUICKEN LOANS, LLC $14,050,000 $8,560,000 -39.1% 6.6%
    FIRST CHOICE MH LLC $2,470,000 $4,655,000 88.5% 3.6%
    ACADEMY MORTGAGE CORPORATION $6,880,000 $4,645,000 -32.5% 3.6%
    The Dart Bank $2,455,000 $4,520,000 84.1% 3.5%
    UNITED WHOLESALE MORTGAGE, LLC $5,270,000 $4,145,000 -21.3% 3.2%
    Mortgage Research Center, LLC $4,865,000 $3,940,000 -19.0% 3.0%
    The Huntington National Bank $6,270,000 $3,200,000 -49.0% 2.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,630,000 $2,365,000 45.1% 1.8%
    Independent Bank $2,435,000 $1,565,000 -35.7% 1.2%
    Fifth Third Bank $1,445,000 $1,555,000 7.6% 1.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,050,000 $1,520,000 44.8% 1.2%
    FIRST COMMUNITY MORTGAGE, INC. $1,495,000 n/a 1.1%
    PNC Bank $2,665,000 $1,380,000 -48.2% 1.1%
    GreenStone Farm Credit Services, FLCA $3,895,000 $1,325,000 -66.0% 1.0%
    PENNYMAC LOAN SERVICES, LLC $625,000 $1,310,000 109.6% 1.0%
    MID AMERICA MORTGAGE, INC. $4,990,000 $1,250,000 -74.9% 1.0%
    MEMBERS FIRST Credit Union $4,575,000 $1,145,000 -75.0% 0.9%
    BM Real Estate Services, Inc. $3,060,000 $1,135,000 -62.9% 0.9%
    STAUNTON FINANCIAL, INC. $1,070,000 n/a 0.8%
    MORTGAGE CENTER L.C $3,365,000 $1,040,000 -69.1% 0.8%
    DOW CHEMICAL EMPLOYEES' $3,365,000 $1,010,000 -70.0% 0.8%
    CREDIT UNION ONE $100,000 $975,000 875.0% 0.7%
    Neighborhood Loans, Inc. $925,000 $975,000 5.4% 0.7%
    J. VIRGIL, INC. $735,000 $935,000 27.2% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $1,065,000 $915,000 -14.1% 0.7%
    Wildfire Credit Union $155,000 $915,000 490.3% 0.7%
    UNION HOME MORTGAGE CORP. $1,430,000 $910,000 -36.4% 0.7%
    Paramount Residential Mortgage Group, Inc. $135,000 $895,000 563.0% 0.7%
    1st State Financial, Ltd. $270,000 $865,000 220.4% 0.7%
    CONSUMERS $590,000 $865,000 46.6% 0.7%
    CARDINAL FINANCIAL $1,850,000 $785,000 -57.6% 0.6%
    LAKE MICHIGAN CREDIT UNION $1,845,000 $780,000 -57.7% 0.6%
    GUARANTEED RATE, INC. $665,000 n/a 0.5%
    Preston Home Loans Inc $670,000 $660,000 -1.5% 0.5%
    FREEDOM MORTGAGE CORPORATION $2,380,000 $600,000 -74.8% 0.5%
    BLG HOLDINGS, INC. $335,000 $595,000 77.6% 0.5%
    LOANDEPOT.COM, LLC $380,000 $590,000 55.3% 0.5%
    MMS MORTGAGE SERVICES, LTD. $165,000 $575,000 248.5% 0.4%
    MICHIGAN MUTUAL, INC. $185,000 $510,000 175.7% 0.4%
    SPRING EQ, LLC $505,000 n/a 0.4%
    Commercial Bank $925,000 $460,000 -50.3% 0.4%
    GVC MORTGAGE, INC. $460,000 n/a 0.4%
    LEGEND LENDING CORPORATION $2,000,000 $455,000 -77.3% 0.3%
    AMERISAVE MORTGAGE CORPORATION $930,000 $450,000 -51.6% 0.3%
    Lake Trust Credit Union $560,000 $445,000 -20.5% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $175,000 $440,000 151.4% 0.3%
    RUOFF MORTGAGE COMPANY, INC. $440,000 $435,000 -1.1% 0.3%
    CALIBER HOME LOANS, INC. $235,000 $420,000 78.7% 0.3%
    Flagstar Bank, FSB $2,215,000 $415,000 -81.3% 0.3%
    21ST MORTGAGE CORPORATION $2,505,000 $400,000 -84.0% 0.3%
    PLAZA HOME MORTGAGE, INC. $115,000 $395,000 243.5% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $385,000 n/a 0.3%
    Frankenmuth Credit Union $320,000 $380,000 18.8% 0.3%
    GREENSTATE CREDIT UNION $225,000 $380,000 68.9% 0.3%
    Southern Michigan Bank & Trust $380,000 n/a 0.3%
    NAVY FEDERAL CREDIT UNION $795,000 $370,000 -53.5% 0.3%
    DFCU FINANCIAL $365,000 n/a 0.3%
    USAA Federal Savings Bank $365,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $470,000 $350,000 -25.5% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $240,000 $340,000 41.7% 0.3%
    NBKC BANK $245,000 $325,000 32.7% 0.2%
    First State Bank $315,000 n/a 0.2%
    TOWNE MORTGAGE COMPANY $440,000 $315,000 -28.4% 0.2%
    MICHIGAN ONE COMMUNITY Credit Union $310,000 n/a 0.2%
    VAN DYK MORTGAGE CORPORATION $855,000 $305,000 -64.3% 0.2%
    ROSS MORTGAGE CORPORATION $300,000 n/a 0.2%
    U.S. Bank $205,000 $285,000 39.0% 0.2%
    UNITED FINANCIAL Credit Union $235,000 $280,000 19.1% 0.2%
    PENTAGON FEDERAL CREDIT UNION $275,000 n/a 0.2%
    Providence Bank & Trust $275,000 n/a 0.2%
    First Federal Bank $265,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $250,000 $260,000 4.0% 0.2%
    MICHIGAN FIRST CREDIT UNION $165,000 $260,000 57.6% 0.2%
    Discover Bank $85,000 $250,000 194.1% 0.2%
    Bank of America $215,000 $240,000 11.6% 0.2%
    GUARANTEED RATE AFFINITY, LLC $235,000 n/a 0.2%
    MICHIGAN SCHOOLS AND GOVERNMENT $570,000 $225,000 -60.5% 0.2%
    BROKER SOLUTIONS, INC. $370,000 $220,000 -40.5% 0.2%
    NEWREZ LLC $215,000 $220,000 2.3% 0.2%
    1st National Bank $215,000 n/a 0.2%
    Equity Prime Mortgage LLC $295,000 $215,000 -27.1% 0.2%
    MEMBER FIRST MORTGAGE, LLC $85,000 $215,000 152.9% 0.2%
    NEW DAY FINANCIAL, LLC $565,000 $215,000 -61.9% 0.2%
    JPMorgan Chase Bank $900,000 $210,000 -76.7% 0.2%
    Ally Bank $155,000 $205,000 32.3% 0.2%
    GENISYS $85,000 $205,000 141.2% 0.2%
    AMCAP MORTGAGE, LTD. $195,000 n/a 0.1%
    HOMESTAR FINANCIAL CORPORATION $165,000 $195,000 18.2% 0.1%
    MORTGAGE 1 INCORPORATED $410,000 $195,000 -52.4% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $595,000 $195,000 -67.2% 0.1%
    Citibank $260,000 $175,000 -32.7% 0.1%
    GENEVA FINANCIAL, LLC $1,030,000 $175,000 -83.0% 0.1%
    PREFERRED CREDIT UNION $145,000 $170,000 17.2% 0.1%
    HOMEXPRESS MORTGAGE CORP. $155,000 n/a 0.1%
    UNIVERSITY OF MICHIGAN CREDIT UNION $65,000 $150,000 130.8% 0.1%
    ARBOR FINANCIAL CREDIT UNION $220,000 $145,000 -34.1% 0.1%
    First Merchants Bank $735,000 $145,000 -80.3% 0.1%
    Horizon Bank $145,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 $145,000 -12.1% 0.1%
    RELIANCE FIRST CAPITAL, LLC $125,000 $145,000 16.0% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $510,000 $135,000 -73.5% 0.1%
    HOMESIDE FINANCIAL, LLC $135,000 $135,000 0.0% 0.1%
    RIVER VALLEY CREDIT UNION $105,000 $130,000 23.8% 0.1%
    EVERETT FINANCIAL, INC. $125,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $125,000 n/a 0.1%
    The Loan Store, Inc. $125,000 n/a 0.1%
    COMMUNITY FIRST $365,000 $115,000 -68.5% 0.1%
    Extra $115,000 n/a 0.1%
    MARSHALL COMMUNITY CREDIT UNION $115,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $325,000 $115,000 -64.6% 0.1%
    CMG MORTGAGE, INC. $105,000 n/a 0.1%
    Great Lakes Federal Credit Union $105,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $830,000 $105,000 -87.3% 0.1%
    Barrington Bank & Trust Company, N.A. $95,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $95,000 n/a 0.1%
    Coastal Community Bank $90,000 n/a 0.1%
    ADVANTAGE ONE Credit Union $85,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $270,000 $85,000 -68.5% 0.1%
    ChoiceOne Bank $85,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $55,000 $85,000 54.5% 0.1%
    The Federal Savings Bank $85,000 n/a 0.1%
    NEW ENGLAND FEDERAL CREDIT UNION $65,000 n/a 0.0%
    United Bay Community Credit Union $45,000 n/a 0.0%
    Wells Fargo Bank $1,090,000 $45,000 -95.9% 0.0%
    Figure Lending LLC $35,000 $25,000 -28.6% 0.0%

    Mount Pleasant's top lender by overall market share is Isabella Bank, with 21.5% market share. In second place, with 11.5%, is Mercantile Bank of Michigan, having originated $14,940,000 in loans. In third place, with 6.6%, is QUICKEN LOANS, LLC, having originated $8,560,000 in loans. In fourth place, with 3.6%, is FIRST CHOICE MH LLC, having originated $4,655,000 in loans. In fifth place, with 3.6%, is ACADEMY MORTGAGE CORPORATION, having originated $4,645,000 in loans.

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

    Realtor.com - Mount Pleasant (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 $145,000 (5.4%) $176,601 (7.4%) 0.00 271
    2018-02-01 $144,950 (1.8%) $175,819 (5.6%) 0.00 263
    2018-03-01 $149,000 (2.8%) $179,016 (7.0%) 0.00 271
    2018-04-01 $149,900 (0.0%) $185,458 (7.2%) 0.00 283
    2018-05-01 $152,450 (4.5%) $187,505 (8.2%) 0.00 291
    2018-06-01 $149,900 (3.1%) $182,404 (4.5%) 0.00 323
    2018-07-01 $150,000 (0.1%) $183,042 (4.6%) 0.00 339
    2018-08-01 $149,950 (0.1%) $180,887 (1.9%) 0.00 335
    2018-09-01 $149,900 (0.0%) $183,190 (3.9%) 0.00 341
    2018-10-01 $150,000 (3.0%) $185,092 (5.8%) 0.00 325
    2018-11-01 $150,000 (9.0%) $184,830 (6.7%) 0.00 319
    2018-12-01 $150,000 (3.5%) $184,769 (5.2%) 0.00 302
    2019-01-01 $154,900 (6.8%) $187,590 (6.2%) 0.00 262
    2019-02-01 $149,950 (3.5%) $186,303 (6.0%) 0.00 259
    2019-03-01 $152,086 (2.1%) $183,904 (2.7%) 0.00 270
    2019-04-01 $157,450 (5.0%) $189,641 (2.3%) 0.00 275
    2019-05-01 $162,450 (6.6%) $194,648 (3.8%) 0.00 277
    2019-06-01 $159,000 (6.1%) $191,299 (4.9%) 0.00 300
    2019-07-01 $158,200 (5.5%) $188,863 (3.2%) 0.00 322
    2019-08-01 $161,363 (7.6%) $189,433 (4.7%) 0.00 305
    2019-09-01 $163,409 (9.0%) $189,492 (3.4%) 0.00 281
    2019-10-01 $167,125 (11.4%) $190,079 (2.7%) 0.00 241
    2019-11-01 $169,900 (13.3%) $202,707 (9.7%) 0.00 190
    2019-12-01 $169,900 (13.3%) $206,830 (11.9%) 0.00 173
    2020-01-01 $169,900 (9.7%) $205,794 (9.7%) 0.00 165
    2020-02-01 $174,900 (16.6%) $205,533 (10.3%) 0.00 155
    2020-03-01 $181,225 (19.2%) $205,681 (11.8%) 0.00 161
    2020-04-01 $182,175 (15.7%) $213,434 (12.6%) 0.00 143
    2020-05-01 $168,175 (3.5%) $203,225 (4.4%) 0.00 150
    2020-06-01 $179,975 (13.2%) $211,813 (10.7%) 0.00 160
    2020-07-01 $182,500 (15.4%) $214,638 (13.7%) 0.00 162
    2020-08-01 $179,500 (11.2%) $223,430 (18.0%) 0.00 148
    2020-09-01 $187,175 (14.5%) $233,534 (23.2%) 0.00 137
    2020-10-01 $194,900 (16.6%) $234,824 (23.5%) 0.00 131
    2020-11-01 $185,000 (8.9%) $231,038 (14.0%) 0.00 132
    2020-12-01 $169,950 (0.0%) $223,377 (8.0%) 0.00 129
    2021-01-01 $159,900 (-5.9%) $216,483 (5.2%) 0.00 97
    2021-02-01 $163,675 (-6.4%) $231,378 (12.6%) 0.00 74
    2021-03-01 $164,925 (-9.0%) $236,707 (15.1%) 0.00 74
    2021-04-01 $212,375 (16.6%) $271,221 (27.1%) 0.00 65
    2021-05-01 $200,000 (18.9%) $254,037 (25.0%) 0.00 70
    2021-06-01 $182,200 (1.2%) $227,470 (7.4%) 0.00 88
    2021-07-01 $185,000 (1.4%) $236,134 (10.0%) 0.00 111
    2021-08-01 $187,375 (4.4%) $220,721 (-1.2%) 0.00 123
    2021-09-01 $182,500 (-2.5%) $216,401 (-7.3%) 0.00 128
    2021-10-01 $179,950 (-7.7%) $211,115 (-10.1%) 0.00 126
    2021-11-01 $179,400 (-3.0%) $217,132 (-6.0%) 0.00 109
    2021-12-01 $179,950 (5.9%) $218,330 (-2.3%) 0.00 92
    2022-01-01 $179,950 (12.5%) $228,061 (5.4%) 0.00 80
    2022-02-01 $179,900 (9.9%) $227,287 (-1.8%) 0.00 63
    2022-03-01 $179,900 (9.1%) $227,673 (-3.8%) 0.00 50
    2022-04-01 $184,700 (-13.0%) $235,886 (-13.0%) 0.00 55
    2022-05-01 $178,650 (-10.7%) $225,238 (-11.3%) 0.00 70
    2022-06-01 $184,925 (1.5%) $234,172 (3.0%) 0.00 89
    2022-07-01 $217,400 (17.5%) $242,690 (2.8%) 0.00 96
    2022-08-01 $204,250 (9.0%) $250,130 (13.3%) 0.00 121
    2022-09-01 $207,250 (13.6%) $249,433 (15.3%) 0.00 127
    2022-10-01 $188,450 (4.7%) $249,953 (18.4%) 0.00 121
    2022-11-01 $197,250 (10.0%) $259,033 (19.3%) 0.00 106
    2022-12-01 $224,900 (25.0%) $271,777 (24.5%) 0.00 91
    2023-01-01 $224,700 (24.9%) $263,888 (15.7%) 0.00 79
    2023-02-01 $226,350 (25.8%) $276,013 (21.4%) 0.00 76
    2023-03-01 $226,975 (26.2%) $271,149 (19.1%) 0.00 66
    2023-04-01 $231,350 (25.3%) $279,632 (18.6%) 0.00 74
    2023-05-01 $227,489 (27.3%) $286,732 (27.3%) 0.00 71
    2023-06-01 $249,450 (34.9%) $310,628 (32.7%) 0.00 75
    2023-07-01 $250,000 (15.0%) $309,377 (27.5%) 0.00 75
    2023-08-01 $254,500 (24.6%) $301,809 (20.7%) 0.00 79
    2023-09-01 $249,000 (20.1%) $298,632 (19.7%) 0.00 80
    2023-10-01 $228,475 (21.2%) $286,941 (14.8%) 0.00 89
    2023-11-01 $223,450 (13.3%) $278,107 (7.4%) 0.00 90
    2023-12-01 $217,450 (-3.3%) $280,089 (3.1%) 0.00 75
    2024-01-01 $229,750 (2.3%) $294,625 (11.7%) 0.00 70
    2024-02-01 $249,000 (10.0%) $311,525 (12.9%) 0.00 57
    2024-03-01 $225,000 (-0.9%) $288,368 (6.4%) 0.00 72
    2024-04-01 $249,000 (7.6%) $304,649 (9.0%) 0.00 78
    2024-05-01 $245,000 (7.7%) $306,557 (6.9%) 0.00 87
    2024-06-01 $249,900 (0.2%) $313,939 (1.1%) 0.00 103
    2024-07-01 $248,450 (-0.6%) $293,584 (-5.1%) 0.00 109
    2024-08-01 $227,450 (-10.6%) $271,915 (-9.9%) 0.00 115
    2024-09-01 $225,000 (-9.6%) $264,582 (-11.4%) 0.00 126
    2024-10-01 $229,250 (0.3%) $273,370 (-4.7%) 0.00 124
    2024-11-01 $242,950 (8.7%) $278,043 (0.0%) 0.00 124
    Mount Pleasant's median listing price for 2024-11-01 was $242,950, a difference of $19,500 (8.7%) versus the prior year and $13,700 versus the prior month.

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

    Mount Pleasant's average listing price for 2024-11-01 was $278,043, a difference of $-64 (0.0%) versus the prior year and $4,673 versus the prior month.

    For the 2024-11-01 period, Mount Pleasant had 124 MLS listings, a difference of 0 listings (0%) versus the prior month and 34 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,757 sqft
    2018-02-01 0 days 1,764 sqft
    2018-03-01 0 days 1,769 sqft
    2018-04-01 0 days 1,850 sqft
    2018-05-01 0 days 1,852 sqft
    2018-06-01 0 days 1,795 sqft
    2018-07-01 0 days 1,814 sqft
    2018-08-01 0 days 1,821 sqft
    2018-09-01 0 days 1,740 sqft
    2018-10-01 0 days 1,773 sqft
    2018-11-01 0 days 1,768 sqft
    2018-12-01 0 days 1,738 sqft
    2019-01-01 0 days 1,739 sqft
    2019-02-01 0 days 1,700 sqft
    2019-03-01 0 days 1,714 sqft
    2019-04-01 0 days 1,753 sqft
    2019-05-01 0 days 1,764 sqft
    2019-06-01 0 days 1,728 sqft
    2019-07-01 0 days 1,730 sqft
    2019-08-01 0 days 1,750 sqft
    2019-09-01 0 days 1,778 sqft
    2019-10-01 0 days 1,797 sqft
    2019-11-01 0 days 1,752 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,800 sqft
    2020-02-01 0 days 1,815 sqft
    2020-03-01 0 days 1,834 sqft
    2020-04-01 0 days 1,805 sqft
    2020-05-01 0 days 1,780 sqft
    2020-06-01 0 days 1,900 sqft
    2020-07-01 0 days 1,931 sqft
    2020-08-01 0 days 1,912 sqft
    2020-09-01 0 days 1,901 sqft
    2020-10-01 0 days 1,938 sqft
    2020-11-01 0 days 1,909 sqft
    2020-12-01 0 days 1,861 sqft
    2021-01-01 0 days 1,848 sqft
    2021-02-01 0 days 1,850 sqft
    2021-03-01 0 days 1,901 sqft
    2021-04-01 0 days 2,139 sqft
    2021-05-01 0 days 1,915 sqft
    2021-06-01 0 days 1,757 sqft
    2021-07-01 0 days 1,739 sqft
    2021-08-01 0 days 1,684 sqft
    2021-09-01 0 days 1,660 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,623 sqft
    2021-12-01 0 days 1,634 sqft
    2022-01-01 0 days 1,569 sqft
    2022-02-01 0 days 1,585 sqft
    2022-03-01 0 days 1,653 sqft
    2022-04-01 0 days 1,580 sqft
    2022-05-01 0 days 1,618 sqft
    2022-06-01 0 days 1,664 sqft
    2022-07-01 0 days 1,714 sqft
    2022-08-01 0 days 1,814 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,728 sqft
    2022-11-01 0 days 1,756 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,738 sqft
    2023-02-01 0 days 1,744 sqft
    2023-03-01 0 days 1,716 sqft
    2023-04-01 0 days 1,729 sqft
    2023-05-01 0 days 1,744 sqft
    2023-06-01 0 days 1,832 sqft
    2023-07-01 0 days 1,856 sqft
    2023-08-01 0 days 1,750 sqft
    2023-09-01 0 days 1,795 sqft
    2023-10-01 0 days 1,757 sqft
    2023-11-01 0 days 1,703 sqft
    2023-12-01 0 days 1,706 sqft
    2024-01-01 0 days 1,865 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 1,932 sqft
    2024-04-01 0 days 1,890 sqft
    2024-05-01 0 days 1,812 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,741 sqft
    2024-08-01 0 days 1,556 sqft
    2024-09-01 0 days 1,554 sqft
    2024-10-01 0 days 1,614 sqft
    2024-11-01 0 days 1,779 sqft
    Mount Pleasant's median listing age (time on market) for 2024-11-01 was 0 days.

    Mount Pleasant's median square footage for active listings during the 2024-11-01 period was 1,779 sqft. One year prior, the average listing was 1,703 sqft.

    Mount Pleasant, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 563 $96,485,000 $171,377
    Home Improvement 101 $6,455,000 $63,911
    Cash Out Refi 85 $11,765,000 $138,412
    Other 77 $6,575,000 $85,390
    Refi 77 $8,885,000 $115,390

    Mount Pleasant's most frequently cited loan purpose was Home Purchase, with 563 originations. The 2nd most popular reason was Home Improvement, with 101 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 353 $58,165,000 $164,773
    7-8% 210 $33,130,000 $157,762
    Over 8% 167 $14,635,000 $87,635
    5-6% 97 $16,715,000 $172,320
    <2.5% 5 $35,000 $7,000

    During 2023, Mount Pleasant's most frequently originated rate bucket was 6-7%, with 353 originations.

    Loan Sizing (Mount Pleasant, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 374 $53,060,000 $141,872
    $100,000 or less 325 $18,295,000 $56,292
    $200k-400k 182 $47,190,000 $259,286
    $400k-600k 18 $8,230,000 $457,222
    $600k-1000k 3 $2,355,000 $785,000
    $Over $1MM 1 $1,035,000 $1,035,000

    Mount Pleasant's loan sizing saw the bucket of loans from $100k-200k with 374 originations, totaling $53,060,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 366 $70,670,000 $193,087
    60-80% 202 $32,510,000 $160,941
    20-40% 87 $5,855,000 $67,299
    Under 20% 80 $2,900,000 $36,250
    40-60% 74 $8,480,000 $114,595
    Over 100% 3 $965,000 $321,667

    Mount Pleasant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 366 originations, totaling $70,670,000 in origination value.