Mount Pleasant Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mount Pleasant averaged 7.01% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2023-03-09) was 7.14% and one month ago for the week of 2023-02-09, the average rate was 6.43%.

Mount Pleasant's average rate one year ago was 4.16%.

For refis of the same type during the week of 2023-03-16, the average rate was 6.67%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-03-16 6.6%
Mount Pleasant 30 Year Fixed Rate 2023-03-16 7.01%
Mount Pleasant 30 Year Fixed Rate Refi 2023-03-16 6.67%
Mount Pleasant 15 Year Fixed Rate 2023-03-16 6.9%
Mount Pleasant 15 Year Fixed Rate Refi 2023-03-16 6.09%
Mount Pleasant 30 Year FHA 2023-03-16 6.66%
Mount Pleasant 30 Year FHA Refi 2023-03-16 6.27%
Mount Pleasant 30 Year USDA 2023-03-16 6.63%
Mount Pleasant 30 Year USDA Refi 2023-03-16 6.04%
Mount Pleasant 30 Year VA 2023-03-16 6.26%
Mount Pleasant 30 Year VA Refi 2023-03-16 6.3%
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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Isabella Bank 149 2.93% $2,813
Mercantile Bank of Michigan 90 3.26% $2,602
QUICKEN LOANS, LLC 68 3.19% $4,302
ACADEMY MORTGAGE CORPORATION 39 3.42% $3,356
MEMBERS FIRST Credit Union 36 3.15% $1,873
UNITED WHOLESALE MORTGAGE, LLC 24 3.12% $3,578
Fifth Third Bank 18 3.02% $2,841
MID AMERICA MORTGAGE, INC. 12 3.47% $3,404
UNION HOME MORTGAGE CORP. 12 3.13% $2,990
DOW CHEMICAL EMPLOYEES' 12 3.63% $2,663
Independent Bank 11 3.24% $2,881
The Huntington National Bank 10 3.03% $3,074
MORTGAGE CENTER L.C 9 3.21% $2,948
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.34% $3,324
TCF National Bank 8 3.17% $2,653
AMERIFIRST FINANCIAL CORPORATION 8 3.34% $3,206
TOWNE MORTGAGE COMPANY 6 3.44% $4,808
1st State Financial, Ltd. 5 2.98% $2,043
CALIBER HOME LOANS, INC. 5 3.19% $3,568
BETTER MORTGAGE CORPORATION 5 3.28% $1,555
LAKE MICHIGAN CREDIT UNION 5 2.98% $3,229
GreenStone Farm Credit Services, FLCA 5 3.80% $3,679
HOMESIDE FINANCIAL, LLC 4 3.18% $2,821
Frankenmuth Credit Union 4 3.09% $1,470
AMERISAVE MORTGAGE CORPORATION 4 3.22% $4,568
The Dart Bank 4 3.34% $2,730
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.41% $4,255
PNC Bank 4 3.00% $3,207
NEWREZ LLC 4 3.56% $3,302
Neighborhood Loans, Inc. 4 3.25% $3,208
LOANDEPOT.COM, LLC 3 3.12% $3,114
Bank of America 3 3.21% $3,194
HOME POINT FINANCIAL CORPORATION 3 3.00% $2,913
Mr. Cooper ( Nationstar Mortgage ) 3 4.25% $2,954
ROYAL UNITED MORTGAGE LLC 3 3.46% $6,074
RUOFF MORTGAGE COMPANY, INC. 3 3.13% $2,347
TOP FLITE FINANCIAL, INC. 3 3.33% $5,193
Wells Fargo Bank 3 3.96% $4,916
CROSSCOUNTRY MORTGAGE, LLC 2 3.25% $3,109
MICHIGAN MUTUAL, INC. 2 3.31% $3,168
NORTHERN MORTGAGE SERVICES, LLC 2 3.13% $2,276
MICHIGAN ONE COMMUNITY Credit Union 2 3.56% $3,006
J. VIRGIL, INC. 2 3.44% $5,020
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 2 3.38% $3,128
ENVOY MORTGAGE, LTD 2 3.31% $2,772
PREFERRED CREDIT UNION 2 3.38% $2,538
Level One Bank 2 3.56% $3,351
INLANTA MORTGAGE, INC. 2 3.50% $4,403
County National Bank 2 3.31% $2,862
Mortgage Research Center, LLC 2 3.19% $5,021
First National Bank of America 2 7.56% $5,585
Ally Bank 2 3.00% $3,115
FREEDOM MORTGAGE CORPORATION 2 2.88% $1,350
GENEVA FINANCIAL, LLC 2 3.38% $3,631
JPMorgan Chase Bank 2 3.18% $4,032
Flagstar Bank, FSB 2 3.35% $4,295
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.13% $1,993
NAVY FEDERAL CREDIT UNION 2 4.50% $2,674
Paramount Residential Mortgage Group, Inc. 1 3.50% $1,651
Platinum Home Mortgage Corporation 1 4.25% $10,974
Citizens Bank 1 3.38% $4,841
PREMIA MORTGAGE, LLC 1 2.99% $0
Preston Home Loans Inc 1 2.63% $3,278
Citadel Servicing Corporation 1 7.37% $2,985
CHERRY CREEK MORTGAGE, LLC 1 4.88% $718
RBC Bank, (Georgia) 1 3.00% $1,988
Renasant Bank 1 2.63% $2,657
VAN DYK MORTGAGE CORPORATION 1 2.88% $4,343
ZILLOW HOME LOANS, LLC 1 3.75% $3,438
SeaTrust Mortgage Company 1 2.88% $2,856
SOUTHWEST FUNDING, LP 1 3.25% $7,427
STAUNTON FINANCIAL, INC. 1 2.99% $3,189
STOCKTON MORTGAGE CORPORATION 1 3.25% $5,024
SUCCESS MORTGAGE PARTNERS, INC. 1 3.38% $6,590
BROKER SOLUTIONS, INC. 1 3.24% $3,341
BLG HOLDINGS, INC. 1 3.38% $4,391
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.75% $4,079
The State Bank 1 3.13% $2,178
West Michigan Credit Union 1 3.00% $4,171
AMERICAN FINANCING CORPORATION 1 3.50% $6,251
Truist 1 3.49% $2,473
Truity Federal Credit Union 1 2.63% $2,020
GENISYS 1 3.38% $2,679
GUARANTEED RATE, INC. 1 3.38% $3,504
UNITED FINANCIAL Credit Union 1 3.38% $2,489
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.13% $3,647
Hometown Lenders, Inc. 1 3.25% $4,853
First Guaranty Mortgage Corporation 1 2.63% $2,429
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $5,670
KELLER MORTGAGE, LLC 1 2.88% $5,361
Kellogg Community Credit Union 1 3.50% $2,582
KS StateBank 1 3.63% $2,185
LAFCU 1 3.50% $2,953
Discover Bank 1 3.99% $0
LOANPAL, LLC 1 3.25% $3,458
DFCU FINANCIAL 1 3.25% $2,970
MICHIGAN SCHOOLS AND GOVERNMENT 1 2.75% $2,643
CREDIT UNION ONE 1 3.13% $3,504
MMS MORTGAGE SERVICES, LTD. 1 3.25% $2,613
MORTGAGE 1 INCORPORATED 1 3.88% $3,197
MOVEMENT MORTGAGE, LLC 1 2.99% $4,072
Adventure Credit Union 1 5.25% $2,191
CONSUMERS 1 4.13% $2,861
COMMUNITY FINANCIAL CREDIT UNION 1 3.13% $2,380
Northpointe Bank 1 3.25% $2,628

Mount Pleasant Average Closing Costs & Other Stats

Mount Pleasant, MI's 105 lenders originated 1,773 loans during 2021. The total origination value was $293,915,000, with an average loan value of $165,773.

Mount Pleasant's average closing costs are $3,330.

The top Mount Pleasant lender as defined by loan originations is Isabella Bank, with 149 loans originated. Their average total fees are $2,813, which is $210 higher than the next largest lender, Mercantile Bank of Michigan.

The lowest fee Mount Pleasant lenders (with over 10 loans originated) are MEMBERS FIRST Credit Union ($1,873), Mercantile Bank of Michigan ($2,602), DOW CHEMICAL EMPLOYEES' ($2,663), Isabella Bank ($2,813) and Fifth Third Bank ($2,841).

The lowest rate Mount Pleasant lenders (with over 10 loans originated) are Isabella Bank (2.93%), Fifth Third Bank (3.02%), The Huntington National Bank (3.03%), UNITED WHOLESALE MORTGAGE, LLC (3.12%) and UNION HOME MORTGAGE CORP. (3.13%).

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Isabella Bank $63,030,000 $64,355,000 2.1% 21.9%
Mercantile Bank of Michigan $42,130,000 $30,815,000 -26.9% 10.5%
QUICKEN LOANS, LLC $22,025,000 $27,260,000 23.8% 9.3%
ACADEMY MORTGAGE CORPORATION $8,910,000 $11,690,000 31.2% 4.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $8,805,000 n/a 3.0%
ORIX REAL ESTATE CAPITAL, LLC $8,465,000 n/a 2.9%
MEMBERS FIRST Credit Union $6,715,000 $7,850,000 16.9% 2.7%
UNITED WHOLESALE MORTGAGE, LLC $3,135,000 $6,885,000 119.6% 2.3%
Fifth Third Bank $2,115,000 $5,045,000 138.5% 1.7%
MID AMERICA MORTGAGE, INC. $1,210,000 $4,995,000 312.8% 1.7%
Independent Bank $3,865,000 $4,815,000 24.6% 1.6%
Mortgage Research Center, LLC $2,905,000 $4,795,000 65.1% 1.6%
Old National Bank $125,000 $4,315,000 3,352.0% 1.5%
Commercial Bank $4,710,000 $3,865,000 -17.9% 1.3%
The Huntington National Bank $870,000 $3,660,000 320.7% 1.2%
DOW CHEMICAL EMPLOYEES' $2,190,000 $3,555,000 62.3% 1.2%
FREEDOM MORTGAGE CORPORATION $4,575,000 $3,045,000 -33.4% 1.0%
UNION HOME MORTGAGE CORP. $5,340,000 $2,965,000 -44.5% 1.0%
FIRST CHOICE MH LLC $1,745,000 $2,865,000 64.2% 1.0%
BM Real Estate Services, Inc. $2,790,000 n/a 0.9%
MORTGAGE CENTER L.C $4,270,000 $2,560,000 -40.0% 0.9%
PNC Bank $3,875,000 $2,400,000 -38.1% 0.8%
TOWNE MORTGAGE COMPANY $2,740,000 $2,400,000 -12.4% 0.8%
CREDIT UNION ONE $685,000 $2,330,000 240.1% 0.8%
TCF National Bank $3,095,000 $2,295,000 -25.8% 0.8%
GreenStone Farm Credit Services, FLCA $2,940,000 $2,225,000 -24.3% 0.8%
LOANDEPOT.COM, LLC $1,000,000 $2,165,000 116.5% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,980,000 $2,150,000 -27.9% 0.7%
NEWREZ LLC $420,000 $2,045,000 386.9% 0.7%
AMERIFIRST FINANCIAL CORPORATION $1,500,000 $2,020,000 34.7% 0.7%
CALIBER HOME LOANS, INC. $1,115,000 $1,945,000 74.4% 0.7%
LAKE MICHIGAN CREDIT UNION $2,060,000 $1,945,000 -5.6% 0.7%
PENNYMAC LOAN SERVICES, LLC $250,000 $1,670,000 568.0% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $745,000 $1,520,000 104.0% 0.5%
AMERISAVE MORTGAGE CORPORATION $830,000 $1,475,000 77.7% 0.5%
Flagstar Bank, FSB $2,430,000 $1,450,000 -40.3% 0.5%
The Dart Bank $1,535,000 $1,380,000 -10.1% 0.5%
Frankenmuth Credit Union $510,000 $1,365,000 167.6% 0.5%
Wells Fargo Bank $1,345,000 $1,365,000 1.5% 0.5%
HOME POINT FINANCIAL CORPORATION $450,000 $1,335,000 196.7% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $330,000 $1,270,000 284.8% 0.4%
TOP FLITE FINANCIAL, INC. $240,000 $1,255,000 422.9% 0.4%
BETTER MORTGAGE CORPORATION $1,130,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $195,000 $1,090,000 459.0% 0.4%
21ST MORTGAGE CORPORATION $1,380,000 $1,065,000 -22.8% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,550,000 $1,065,000 -31.3% 0.4%
Neighborhood Loans, Inc. $820,000 $1,005,000 22.6% 0.3%
1st State Financial, Ltd. $345,000 $975,000 182.6% 0.3%
MORTGAGE 1 INCORPORATED $590,000 $970,000 64.4% 0.3%
Bank of America $310,000 $955,000 208.1% 0.3%
Wildfire Credit Union $375,000 $935,000 149.3% 0.3%
Barrington Bank & Trust Company, N.A. $500,000 $920,000 84.0% 0.3%
BLG HOLDINGS, INC. $465,000 $850,000 82.8% 0.3%
KS StateBank $830,000 n/a 0.3%
J. VIRGIL, INC. $815,000 n/a 0.3%
INLANTA MORTGAGE, INC. $95,000 $735,000 673.7% 0.3%
HOMESIDE FINANCIAL, LLC $695,000 n/a 0.2%
Level One Bank $6,510,000 $600,000 -90.8% 0.2%
GUARANTEED RATE, INC. $490,000 $590,000 20.4% 0.2%
MICHIGAN MUTUAL, INC. $575,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $655,000 $565,000 -13.7% 0.2%
Citadel Servicing Corporation $490,000 n/a 0.2%
MICHIGAN ONE COMMUNITY Credit Union $490,000 n/a 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $635,000 $490,000 -22.8% 0.2%
Carrington Mortgage Services, LLC $325,000 $480,000 47.7% 0.2%
Citizens Bank $540,000 $475,000 -12.0% 0.2%
ROYAL UNITED MORTGAGE LLC $410,000 $475,000 15.9% 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $610,000 $475,000 -22.1% 0.2%
BROKER SOLUTIONS, INC. $695,000 $465,000 -33.1% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 $455,000 193.5% 0.2%
JPMorgan Chase Bank $1,635,000 $445,000 -72.8% 0.2%
Horizon Bank $3,450,000 $440,000 -87.2% 0.1%
USAA Federal Savings Bank $250,000 $410,000 64.0% 0.1%
First Guaranty Mortgage Corporation $865,000 $405,000 -53.2% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $105,000 $400,000 281.0% 0.1%
Northpointe Bank $625,000 $395,000 -36.8% 0.1%
RUOFF MORTGAGE COMPANY, INC. $495,000 $385,000 -22.2% 0.1%
Platinum Home Mortgage Corporation $375,000 n/a 0.1%
COMMUNITY FIRST $530,000 $370,000 -30.2% 0.1%
DFCU FINANCIAL $370,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $105,000 $365,000 247.6% 0.1%
MMS MORTGAGE SERVICES, LTD. $360,000 n/a 0.1%
Truity Federal Credit Union $355,000 n/a 0.1%
GENISYS $350,000 n/a 0.1%
GENEVA FINANCIAL, LLC $255,000 $340,000 33.3% 0.1%
Paramount Residential Mortgage Group, Inc. $330,000 n/a 0.1%
U.S. Bank $330,000 $330,000 0.0% 0.1%
ROSS MORTGAGE CORPORATION $325,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $85,000 $320,000 276.5% 0.1%
CHERRY CREEK MORTGAGE, LLC $320,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $390,000 $320,000 -17.9% 0.1%
SeaTrust Mortgage Company $315,000 n/a 0.1%
NORTHERN MORTGAGE SERVICES, LLC $175,000 $310,000 77.1% 0.1%
RBC Bank, (Georgia) $305,000 n/a 0.1%
County National Bank $300,000 n/a 0.1%
PREFERRED CREDIT UNION $95,000 $300,000 215.8% 0.1%
UNITED $270,000 $295,000 9.3% 0.1%
ENVOY MORTGAGE, LTD $245,000 $290,000 18.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $190,000 $290,000 52.6% 0.1%
The State Bank $290,000 n/a 0.1%
NBKC BANK $285,000 n/a 0.1%
PREMIA MORTGAGE, LLC $285,000 n/a 0.1%
LAFCU $250,000 $270,000 8.0% 0.1%
SENB Bank $245,000 n/a 0.1%
Ally Bank $330,000 $240,000 -27.3% 0.1%
First National Bank of America $240,000 n/a 0.1%
EVERETT FINANCIAL, INC. $330,000 $235,000 -28.8% 0.1%
Lakeview Community Capital, LLC $235,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $65,000 $230,000 253.8% 0.1%
EMBRACE HOME LOANS, INC. $225,000 n/a 0.1%
KELLER MORTGAGE, LLC $225,000 n/a 0.1%
Kellogg Community Credit Union $225,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $270,000 $220,000 -18.5% 0.1%
COMMUNITY FINANCIAL CREDIT UNION $210,000 n/a 0.1%
ALLIANT CREDIT UNION $205,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $205,000 n/a 0.1%
STAUNTON FINANCIAL, INC. $205,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $205,000 n/a 0.1%
Lake Trust Credit Union $455,000 $200,000 -56.0% 0.1%
Hometown Lenders, Inc. $195,000 n/a 0.1%
Bay Bank $185,000 n/a 0.1%
CONSUMERS $350,000 $180,000 -48.6% 0.1%
Brighton Bank $175,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $175,000 n/a 0.1%
Thumb Bank and Trust $105,000 $175,000 66.7% 0.1%
VIBE CREDIT UNION $135,000 $175,000 29.6% 0.1%
NFM, INC. $2,790,000 $165,000 -94.1% 0.1%
Plains Commerce Bank $185,000 $165,000 -10.8% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $620,000 $160,000 -74.2% 0.1%
West Michigan Credit Union $75,000 $160,000 113.3% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $120,000 $155,000 29.2% 0.1%
FINANCIAL PLUS CREDIT UNION $155,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $325,000 $155,000 -52.3% 0.1%
Preston Home Loans Inc $155,000 n/a 0.1%
Renasant Bank $125,000 $155,000 24.0% 0.1%
Eaton Community Bank $150,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $145,000 n/a 0.0%
SOUTHWEST FUNDING, LP $145,000 n/a 0.0%
STEARNS LENDING, LLC $145,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $75,000 $140,000 86.7% 0.0%
United Bay Community Credit Union $135,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $125,000 n/a 0.0%
Adventure Credit Union $170,000 $115,000 -32.4% 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $195,000 $115,000 -41.0% 0.0%
MOVEMENT MORTGAGE, LLC $115,000 n/a 0.0%
Truist Bank $115,000 n/a 0.0%
UNITED FINANCIAL Credit Union $370,000 $105,000 -71.6% 0.0%
MEMBER FIRST MORTGAGE, LLC $145,000 $95,000 -34.5% 0.0%
AMERICAN ADVISORS GROUP $85,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 $85,000 -54.1% 0.0%
Discover Bank $55,000 $85,000 54.5% 0.0%
LIMA ONE CAPITAL, LLC $85,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $105,000 $85,000 -19.0% 0.0%
Wanigas Credit Union $85,000 n/a 0.0%
ARBOR FINANCIAL CREDIT UNION $375,000 $75,000 -80.0% 0.0%
Figure Lending LLC $55,000 n/a 0.0%
LOANPAL, LLC $55,000 n/a 0.0%
FinancialEdge Community Credit Union $115,000 $35,000 -69.6% 0.0%

Mount Pleasant's top lender by overall market share is Isabella Bank, with 21.9% market share. In second place, with 10.5%, is Mercantile Bank of Michigan, having originated $30,815,000 in loans. In third place, with 9.3%, is QUICKEN LOANS, LLC, having originated $27,260,000 in loans. In fourth place, with 4.0%, is ACADEMY MORTGAGE CORPORATION, having originated $11,690,000 in loans. In fifth place, with 3.0%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $8,805,000 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 $144,950 (5.4%) $176,471 (7.5%) 0.00 272
2018-02-01 $143,700 (1.1%) $175,689 (5.5%) 0.00 264
2018-03-01 $149,000 (2.8%) $178,876 (6.9%) 0.00 272
2018-04-01 $149,900 (0.0%) $185,458 (7.3%) 0.00 283
2018-05-01 $152,425 (4.5%) $187,386 (7.1%) 0.00 292
2018-06-01 $149,900 (3.1%) $182,197 (3.5%) 0.00 324
2018-07-01 $150,000 (0.1%) $182,794 (3.5%) 0.00 340
2018-08-01 $149,900 (0.1%) $180,797 (0.9%) 0.00 336
2018-09-01 $149,900 (0.0%) $183,094 (3.2%) 0.00 341
2018-10-01 $150,000 (3.5%) $185,092 (5.8%) 0.00 325
2018-11-01 $150,000 (8.3%) $184,830 (6.8%) 0.00 319
2018-12-01 $150,000 (3.5%) $184,769 (5.2%) 0.00 302
2019-01-01 $154,900 (6.9%) $187,590 (6.3%) 0.00 262
2019-02-01 $149,950 (4.4%) $186,303 (6.0%) 0.00 259
2019-03-01 $152,086 (2.1%) $186,264 (4.1%) 0.00 271
2019-04-01 $157,450 (5.0%) $188,674 (1.7%) 0.00 276
2019-05-01 $163,100 (7.0%) $196,538 (4.9%) 0.00 278
2019-06-01 $159,000 (6.1%) $192,044 (5.4%) 0.00 301
2019-07-01 $158,200 (5.5%) $188,863 (3.3%) 0.00 322
2019-08-01 $161,363 (7.7%) $189,433 (4.8%) 0.00 305
2019-09-01 $163,409 (9.0%) $189,492 (3.5%) 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 (10.4%) 0.00 161
2020-04-01 $182,175 (15.7%) $213,434 (13.1%) 0.00 143
2020-05-01 $168,175 (3.1%) $203,225 (3.4%) 0.00 150
2020-06-01 $179,975 (13.2%) $211,813 (10.3%) 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 $203,500 (11.5%) $248,280 (14.7%) 0.00 128
2022-10-01 $186,900 (3.9%) $248,648 (17.8%) 0.00 122
2022-11-01 $197,225 (9.9%) $258,288 (19.0%) 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
Mount Pleasant's median listing price for 2023-02-01 was $226,350, a difference of $46,450 (25.8%) versus the prior year and $1,650 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 2023-02-01 was $276,013, a difference of $48,726 (21.4%) versus the prior year and $12,125 versus the prior month.

For the 2023-02-01 period, Mount Pleasant had 76 MLS listings, a difference of -3 listings (-4%) versus the prior month and 13 listings (21%) 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 1,763 sqft
2018-02-01 0 days 1,769 sqft
2018-03-01 0 days 1,774 sqft
2018-04-01 0 days 1,850 sqft
2018-05-01 0 days 1,850 sqft
2018-06-01 0 days 1,794 sqft
2018-07-01 0 days 1,806 sqft
2018-08-01 0 days 1,818 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 1,703 sqft
2019-03-01 0 days 1,715 sqft
2019-04-01 0 days 1,751 sqft
2019-05-01 0 days 1,767 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 1,810 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 1,940 sqft
2020-11-01 0 days 1,925 sqft
2020-12-01 0 days 1,868 sqft
2021-01-01 0 days 1,849 sqft
2021-02-01 0 days 1,858 sqft
2021-03-01 0 days 1,909 sqft
2021-04-01 0 days 2,156 sqft
2021-05-01 0 days 1,929 sqft
2021-06-01 0 days 1,757 sqft
2021-07-01 0 days 1,739 sqft
2021-08-01 0 days 1,697 sqft
2021-09-01 0 days 1,665 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 1,798 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
Mount Pleasant's median listing age (time on market) for 2023-02-01 was 0 days.

Mount Pleasant's median square footage for active listings during the 2023-02-01 period was 1,744 sqft. One year prior, the average listing was 1,585 sqft.

Mount Pleasant, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 799 $138,235,000 $173,010
Refi 600 $108,450,000 $180,750
Cash Out Refi 298 $41,480,000 $139,195
Home Improvement 38 $2,630,000 $69,211
Other 38 $3,120,000 $82,105

Mount Pleasant's most frequently cited loan purpose was Home Purchase, with 799 originations. The 2nd most popular reason was Refi, with 600 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 686 $118,100,000 $172,157
2.5-3% 600 $93,180,000 $155,300
<2.5% 285 $52,065,000 $182,684
4-5% 80 $9,700,000 $121,250
Over 8% 43 $2,865,000 $66,628
5-6% 26 $10,350,000 $398,077
7-8% 9 $635,000 $70,556
6-7% 8 $1,030,000 $128,750

During 2021, Mount Pleasant's most frequently originated rate bucket was 3-4%, with 686 originations.

Loan Sizing (Mount Pleasant, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 877 $124,505,000 $141,967
$100,000 or less 540 $38,090,000 $70,537
$200k-400k 318 $81,120,000 $255,094
$400k-600k 25 $11,735,000 $469,400
$Over $1MM 8 $34,740,000 $4,342,500
$600k-1000k 5 $3,725,000 $745,000

Mount Pleasant's loan sizing saw the bucket of loans from $100k-200k with 877 originations, totaling $124,505,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 669 $112,895,000 $168,752
60-80% 627 $102,915,000 $164,139
40-60% 244 $35,770,000 $146,598
20-40% 84 $6,420,000 $76,429
Under 20% 47 $1,345,000 $28,617
Over 100% 11 $19,415,000 $1,765,000

Mount Pleasant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 669 originations, totaling $112,895,000 in origination value.