Mount Pleasant 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 Mount Pleasant averaged 6.94% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 7.05% and one month ago for the week of 2025-02-27, the average rate was 7.06%.

    Mount Pleasant's average rate one year ago was 7.39%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.94%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Mount Pleasant 30 Year Fixed Rate 2025-04-03 6.94%
    Mount Pleasant 30 Year Fixed Rate Refi 2025-04-03 6.94%
    Mount Pleasant 15 Year Fixed Rate 2025-04-03 5.92%
    Mount Pleasant 15 Year Fixed Rate Refi 2025-04-03 6.12%
    Mount Pleasant 30 Year FHA 2025-04-03 6.26%
    Mount Pleasant 30 Year FHA Refi 2025-04-03 6.36%
    Mount Pleasant 30 Year USDA 2025-04-03 6.12%
    Mount Pleasant 30 Year USDA Refi 2025-04-03 6.42%
    Mount Pleasant 30 Year VA 2025-04-03 6.26%
    Mount Pleasant 30 Year VA Refi 2025-04-03 5.86%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Isabella Bank 71 6.13% $2,860
    Mercantile Bank of Michigan 60 6.85% $3,443
    FIRST CHOICE MH LLC 39 10.32% $1,215
    QUICKEN LOANS, LLC 27 6.79% $5,608
    The Dart Bank 27 6.87% $3,346
    UNITED WHOLESALE MORTGAGE, LLC 21 7.13% $5,356
    GUILD MORTGAGE COMPANY 14 6.74% $4,799
    FIRST COMMUNITY MORTGAGE, INC. 11 6.61% $4,656
    The Huntington National Bank 9 6.94% $3,206
    Fifth Third Bank 8 6.56% $3,300
    MORTGAGE 1 INCORPORATED 7 6.68% $6,154
    DOW CHEMICAL EMPLOYEES' 6 7.21% $2,766
    CROSSCOUNTRY MORTGAGE, LLC 6 6.58% $4,027
    Independent Bank 6 6.52% $3,545
    BLG HOLDINGS, INC. 6 6.58% $4,869
    LAKE MICHIGAN CREDIT UNION 5 6.67% $2,439
    Preston Home Loans Inc 5 6.77% $4,070
    PNC Bank 4 6.75% $3,945
    MORTGAGE CENTER L.C 4 7.06% $3,749
    Mortgage Research Center, LLC 4 7.22% $5,284
    CHURCHILL MORTGAGE CORPORATION 3 6.46% $4,317
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.54% $5,135
    UNION HOME MORTGAGE CORP. 3 7.17% $5,014
    JPMorgan Chase Bank 3 6.62% $3,765
    BM Real Estate Services, Inc. 3 7.13% $4,403
    NAVY FEDERAL CREDIT UNION 3 6.58% $5,297
    GENEVA FINANCIAL, LLC 2 6.69% $3,766
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $6,457
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.93% $5,106
    BROKER SOLUTIONS, INC. 2 6.25% $4,669
    First State Bank 2 6.44% $3,701
    Flagstar Bank, FSB 2 6.69% $5,561
    Horizon Bank 2 7.13% $3,292
    MEMBERS FIRST Credit Union 2 6.50% $2,261
    MICHIGAN SCHOOLS AND GOVERNMENT 2 5.50% $1,716
    STAUNTON FINANCIAL, INC. 2 7.75% $4,289
    KeyBank 1 7.00% $5,986
    Honor Credit Union 1 6.63% $2,364
    GREENSTATE CREDIT UNION 1 7.00% $3,447
    NEWREZ LLC 1 6.63% $6,885
    Old National Bank 1 7.00% $3,130
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $5,008
    First Federal Bank 1 6.50% $3,860
    Prosperity Home Mortgage, LLC 1 7.13% $5,858
    Discover Bank 1 7.31% $0
    ROYAL UNITED MORTGAGE LLC 1 7.63% $4,549
    ZILLOW HOME LOANS, LLC 1 7.13% $6,122
    SUNRISE FAMILY CREDIT UNION 1 5.75% $2,649
    DAS Acquisition Company, LLC 1 6.88% $5,325
    CASE 1 6.75% $2,260
    CANOPY MORTGAGE, LLC 1 7.13% $5,624
    American Mortgage & Equity Consultants, Inc. 1 6.88% $3,478
    U.S. Bank 1 6.88% $3,228
    VAN DYK MORTGAGE CORPORATION 1 7.38% $2,420
    MICHIGAN MUTUAL, INC. 1 6.99% $2,313

    Mount Pleasant Average Closing Costs & Other Stats

    Mount Pleasant, MI's 55 lenders originated 952 loans during 2024. The total origination value was $153,790,000, with an average loan value of $161,544.

    Mount Pleasant's average closing costs are $3,807.

    The top Mount Pleasant lender as defined by loan originations is Isabella Bank, with 71 loans originated. Their average total fees are $2,860, which is $583 lower than the next largest lender, Mercantile Bank of Michigan.

    The lowest fee Mount Pleasant lenders (with over 10 loans originated) are FIRST CHOICE MH LLC ($1,215), Isabella Bank ($2,860), The Dart Bank ($3,346), Mercantile Bank of Michigan ($3,443) and FIRST COMMUNITY MORTGAGE, INC. ($4,656).

    The lowest rate Mount Pleasant lenders (with over 10 loans originated) are Isabella Bank (6.13%), FIRST COMMUNITY MORTGAGE, INC. (6.61%), GUILD MORTGAGE COMPANY (6.74%), QUICKEN LOANS, LLC (6.79%) and Mercantile Bank of Michigan (6.85%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Isabella Bank $28,040,000 $36,830,000 31.3% 23.9%
    Mercantile Bank of Michigan $14,940,000 $16,030,000 7.3% 10.4%
    QUICKEN LOANS, LLC $8,560,000 $9,175,000 7.2% 6.0%
    The Dart Bank $4,520,000 $7,220,000 59.7% 4.7%
    UNITED WHOLESALE MORTGAGE, LLC $4,145,000 $6,410,000 54.6% 4.2%
    First National Bank of America $5,305,000 n/a 3.4%
    Mortgage Research Center, LLC $3,940,000 $5,030,000 27.7% 3.3%
    FIRST CHOICE MH LLC $4,655,000 $3,565,000 -23.4% 2.3%
    GreenStone Farm Credit Services, FLCA $1,325,000 $3,440,000 159.6% 2.2%
    The Huntington National Bank $3,200,000 $3,430,000 7.2% 2.2%
    GUILD MORTGAGE COMPANY $125,000 $3,140,000 2,412.0% 2.0%
    Fifth Third Bank $1,555,000 $2,570,000 65.3% 1.7%
    FIRST COMMUNITY MORTGAGE, INC. $1,495,000 $2,470,000 65.2% 1.6%
    PNC Bank $1,380,000 $2,090,000 51.4% 1.4%
    MORTGAGE 1 INCORPORATED $195,000 $2,040,000 946.2% 1.3%
    Independent Bank $1,565,000 $1,990,000 27.2% 1.3%
    NAVY FEDERAL CREDIT UNION $370,000 $1,980,000 435.1% 1.3%
    LAKE MICHIGAN CREDIT UNION $780,000 $1,865,000 139.1% 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $2,365,000 $1,840,000 -22.2% 1.2%
    UNION HOME MORTGAGE CORP. $910,000 $1,420,000 56.0% 0.9%
    MEMBERS FIRST Credit Union $1,145,000 $1,395,000 21.8% 0.9%
    MORTGAGE CENTER L.C $1,040,000 $1,275,000 22.6% 0.8%
    Preston Home Loans Inc $660,000 $1,145,000 73.5% 0.7%
    BLG HOLDINGS, INC. $595,000 $1,140,000 91.6% 0.7%
    FREEDOM MORTGAGE CORPORATION $600,000 $985,000 64.2% 0.6%
    PLANET HOME LENDING, LLC $950,000 n/a 0.6%
    BROKER SOLUTIONS, INC. $220,000 $940,000 327.3% 0.6%
    DOW CHEMICAL EMPLOYEES' $1,010,000 $915,000 -9.4% 0.6%
    Commercial Bank $460,000 $910,000 97.8% 0.6%
    NEWREZ LLC $220,000 $880,000 300.0% 0.6%
    First State Bank $315,000 $875,000 177.8% 0.6%
    BM Real Estate Services, Inc. $1,135,000 $870,000 -23.3% 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $385,000 $805,000 109.1% 0.5%
    STAUNTON FINANCIAL, INC. $1,070,000 $730,000 -31.8% 0.5%
    JPMorgan Chase Bank $210,000 $665,000 216.7% 0.4%
    PREMIA MORTGAGE, LLC $625,000 n/a 0.4%
    Flagstar Bank, FSB $415,000 $605,000 45.8% 0.4%
    KeyBank $565,000 n/a 0.4%
    DAS Acquisition Company, LLC $545,000 n/a 0.4%
    21ST MORTGAGE CORPORATION $400,000 $525,000 31.3% 0.3%
    CMG MORTGAGE, INC. $105,000 $505,000 381.0% 0.3%
    TOWNE MORTGAGE COMPANY $315,000 $485,000 54.0% 0.3%
    AmeriHome Mortgage Company, LLC $480,000 n/a 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $135,000 $470,000 248.1% 0.3%
    CHURCHILL MORTGAGE CORPORATION $455,000 n/a 0.3%
    Paramount Residential Mortgage Group, Inc. $895,000 $455,000 -49.2% 0.3%
    NEW DAY FINANCIAL, LLC $215,000 $450,000 109.3% 0.3%
    Discover Bank $250,000 $445,000 78.0% 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,310,000 $440,000 -66.4% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $440,000 $435,000 -1.1% 0.3%
    GENEVA FINANCIAL, LLC $175,000 $435,000 148.6% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $915,000 $405,000 -55.7% 0.3%
    GREENSTATE CREDIT UNION $380,000 $370,000 -2.6% 0.2%
    Lake Trust Credit Union $445,000 $365,000 -18.0% 0.2%
    MILEND, INC. $340,000 n/a 0.2%
    MICHIGAN SCHOOLS AND GOVERNMENT $225,000 $330,000 46.7% 0.2%
    Citizens Bank $320,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $305,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $260,000 $300,000 15.4% 0.2%
    LOANDEPOT.COM, LLC $590,000 $295,000 -50.0% 0.2%
    ROSS MORTGAGE CORPORATION $300,000 $295,000 -1.7% 0.2%
    Wells Fargo Bank $45,000 $285,000 533.3% 0.2%
    Horizon Bank $145,000 $280,000 93.1% 0.2%
    MID AMERICA MORTGAGE, INC. $1,250,000 $280,000 -77.6% 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $105,000 $280,000 166.7% 0.2%
    First Federal Bank $265,000 $275,000 3.8% 0.2%
    RF Renovo Management Company, LLC $275,000 n/a 0.2%
    CANOPY MORTGAGE, LLC $265,000 n/a 0.2%
    GVC MORTGAGE, INC. $460,000 $245,000 -46.7% 0.2%
    GUARANTEED RATE, INC. $665,000 $235,000 -64.7% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $225,000 n/a 0.1%
    The Loan Store, Inc. $125,000 $225,000 80.0% 0.1%
    TOP FLITE FINANCIAL, INC. $215,000 n/a 0.1%
    Carrington Mortgage Services, LLC $205,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $205,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $305,000 $195,000 -36.1% 0.1%
    Comerica Bank $190,000 n/a 0.1%
    Wildfire Credit Union $915,000 $180,000 -80.3% 0.1%
    STOCKTON MORTGAGE CORPORATION $175,000 n/a 0.1%
    USAA Federal Savings Bank $365,000 $175,000 -52.1% 0.1%
    ZILLOW HOME LOANS, LLC $350,000 $175,000 -50.0% 0.1%
    1st State Financial, Ltd. $865,000 $165,000 -80.9% 0.1%
    Honor Credit Union $165,000 n/a 0.1%
    MMS MORTGAGE SERVICES, LTD. $575,000 $165,000 -71.3% 0.1%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,520,000 $160,000 -89.5% 0.1%
    Barrington Bank & Trust Company, N.A. $95,000 $155,000 63.2% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $155,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $85,000 $155,000 82.4% 0.1%
    MICHIGAN MUTUAL, INC. $510,000 $155,000 -69.6% 0.1%
    Old National Bank $155,000 n/a 0.1%
    United Bank of Michigan $155,000 n/a 0.1%
    United Bay Community Credit Union $45,000 $155,000 244.4% 0.1%
    ROYAL UNITED MORTGAGE LLC $145,000 n/a 0.1%
    SUNRISE FAMILY CREDIT UNION $145,000 n/a 0.1%
    American Mortgage & Equity Consultants, Inc. $135,000 n/a 0.1%
    J. VIRGIL, INC. $935,000 $135,000 -85.6% 0.1%
    MARSHALL COMMUNITY CREDIT UNION $115,000 $135,000 17.4% 0.1%
    U.S. Bank $285,000 $135,000 -52.6% 0.1%
    GENISYS $205,000 $125,000 -39.0% 0.1%
    Lakeview Community Capital, LLC $115,000 n/a 0.1%
    CREDIT UNION ONE $975,000 $110,000 -88.7% 0.1%
    Ally Bank $205,000 $105,000 -48.8% 0.1%
    Coastal Community Bank $90,000 $105,000 16.7% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $340,000 $105,000 -69.1% 0.1%
    CARDINAL FINANCIAL $785,000 $95,000 -87.9% 0.1%
    VILLAGE CAPITAL MORTGAGE $115,000 $95,000 -17.4% 0.1%
    First Merchants Bank $145,000 $85,000 -41.4% 0.1%
    LAFCU $85,000 n/a 0.1%
    CASE $75,000 n/a 0.0%
    SPRING EQ, LLC $505,000 $65,000 -87.1% 0.0%
    CONSUMERS $865,000 $55,000 -93.6% 0.0%
    DFCU FINANCIAL $365,000 $45,000 -87.7% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $35,000 n/a 0.0%
    Michigan Legacy Credit Union $35,000 n/a 0.0%
    MICHIGAN ONE COMMUNITY Credit Union $310,000 $35,000 -88.7% 0.0%
    UNITED FINANCIAL Credit Union $280,000 $35,000 -87.5% 0.0%
    UNIVERSITY OF MICHIGAN CREDIT UNION $150,000 $35,000 -76.7% 0.0%
    ChoiceOne Bank $85,000 $25,000 -70.6% 0.0%
    Dort Financial Credit Union $15,000 n/a 0.0%
    ELGA CREDIT UNION $5,000 n/a 0.0%

    Mount Pleasant's top lender by overall market share is Isabella Bank, with 23.9% market share. In second place, with 10.4%, is Mercantile Bank of Michigan, having originated $16,030,000 in loans. In third place, with 6.0%, is QUICKEN LOANS, LLC, having originated $9,175,000 in loans. In fourth place, with 4.7%, is The Dart Bank, having originated $7,220,000 in loans. In fifth place, with 4.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,410,000 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%) $183,197 (3.3%) 0.00 342
    2018-10-01 $150,000 (3.5%) $185,142 (5.9%) 0.00 326
    2018-11-01 $150,500 (8.7%) $184,861 (6.8%) 0.00 320
    2018-12-01 $150,000 (3.5%) $184,805 (5.3%) 0.00 303
    2019-01-01 $154,900 (6.9%) $187,589 (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%) $191,908 (3.5%) 0.00 276
    2019-05-01 $163,100 (7.0%) $196,844 (5.1%) 0.00 278
    2019-06-01 $159,000 (6.1%) $192,495 (5.7%) 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 (3.4%) 0.00 281
    2019-10-01 $167,125 (11.4%) $190,079 (2.7%) 0.00 241
    2019-11-01 $169,900 (12.9%) $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 (11.2%) 0.00 143
    2020-05-01 $168,175 (3.1%) $203,225 (3.2%) 0.00 150
    2020-06-01 $179,975 (13.2%) $211,813 (10.0%) 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%) $301,204 (20.4%) 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 $243,975 (7.3%) $304,097 (6.1%) 0.00 87
    2024-06-01 $249,900 (0.2%) $307,111 (-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 (-9.7%) 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
    2024-12-01 $241,150 (10.9%) $271,962 (-2.9%) 0.00 104
    2025-01-01 $240,925 (4.9%) $270,935 (-8.0%) 0.00 98
    2025-02-01 $232,450 (-6.7%) $256,313 (-17.7%) 0.00 92
    2025-03-01 $244,900 (8.8%) $273,678 (-5.1%) 0.00 79
    Mount Pleasant's median listing price for 2025-03-01 was $244,900, a difference of $19,900 (8.8%) versus the prior year and $12,450 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 2025-03-01 was $273,678, a difference of $-14,690 (-5.1%) versus the prior year and $17,365 versus the prior month.

    For the 2025-03-01 period, Mount Pleasant had 79 MLS listings, a difference of -13 listings (-14%) versus the prior month and 7 listings (10%) 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 1,774 sqft
    2018-11-01 0 days 1,771 sqft
    2018-12-01 0 days 1,740 sqft
    2019-01-01 0 days 1,739 sqft
    2019-02-01 0 days 1,703 sqft
    2019-03-01 0 days 1,721 sqft
    2019-04-01 0 days 1,759 sqft
    2019-05-01 0 days 1,771 sqft
    2019-06-01 0 days 1,731 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 1,752 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 1,835 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,741 sqft
    2024-08-01 0 days 1,570 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
    2024-12-01 0 days 1,680 sqft
    2025-01-01 0 days 1,688 sqft
    2025-02-01 0 days 1,621 sqft
    2025-03-01 0 days 1,608 sqft
    Mount Pleasant's median listing age (time on market) for 2025-03-01 was 0 days.

    Mount Pleasant's median square footage for active listings during the 2025-03-01 period was 1,608 sqft. One year prior, the average listing was 1,932 sqft.

    Mount Pleasant, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 549 $108,455,000 $197,550
    Refi 125 $21,215,000 $169,720
    Other 104 $7,580,000 $72,885
    Home Improvement 88 $5,700,000 $64,773
    Cash Out Refi 86 $10,840,000 $126,047

    Mount Pleasant's most frequently cited loan purpose was Home Purchase, with 549 originations. The 2nd most popular reason was Refi, with 125 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 398 $69,390,000 $174,347
    Over 8% 187 $15,355,000 $82,112
    7-8% 175 $35,375,000 $202,143
    5-6% 107 $22,625,000 $211,449
    <2.5% 4 $30,000 $7,500
    4-5% 4 $900,000 $225,000
    3-4% 1 $105,000 $105,000
    2.5-3% 1 $405,000 $405,000

    During 2024, Mount Pleasant's most frequently originated rate bucket was 6-7%, with 398 originations.

    Loan Sizing (Mount Pleasant, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 376 $54,190,000 $144,122
    $100,000 or less 319 $18,445,000 $57,821
    $200k-400k 225 $58,905,000 $261,800
    $400k-600k 22 $10,160,000 $461,818
    $600k-1000k 8 $5,780,000 $722,500
    $Over $1MM 2 $6,310,000 $3,155,000

    Mount Pleasant's loan sizing saw the bucket of loans from $100k-200k with 376 originations, totaling $54,190,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 359 $71,935,000 $200,376
    60-80% 197 $42,345,000 $214,949
    40-60% 112 $15,350,000 $137,054
    20-40% 101 $7,765,000 $76,881
    Under 20% 85 $3,425,000 $40,294
    Over 100% 2 $580,000 $290,000

    Mount Pleasant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 359 originations, totaling $71,935,000 in origination value.