Mount Pleasant Mortgage Rates & Closing Costs
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% |
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.).
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 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 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.