Mortgage lending in Monroe, MI
4,127 mortgages were originated in the Monroe, MI area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 4,127
- Median rate
- 6.875%
- Median lender fees
- $4,723
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $165,000
- Above the going rate (spread over APOR)
- 0.460
- Paid discount points
- 31.8%
- Received lender credits
- 22.8%
- Purchases / refinances
- 44.4% / 32.4%
- Conventional / FHA / VA
- 81.1% / 13.1% / 5.5%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 69.5% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Monroe, MI area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Rocket Mortgage, LLC | 462 | $4,563 | 6.750% |
| The Huntington National Bank | 304 | $3,637 | 7.465% |
| American Financial Network, Inc. | 283 | $6,848 | 6.625% |
| United Shore Financial Services, LLC | 233 | $6,346 | 6.490% |
| First Merchants Bank | 214 | $3,426 | 7.000% |
| Fifth Third Bank, National Association | 187 | $126 | 7.750% |
| Monroe Community Credit Union | 164 | — | 6.750% |
| Union Home Mortgage Corp. | 154 | $4,846 | 6.775% |
| Directions Credit Union, Inc. | 130 | $2,960 | 6.750% |
| Crosscountry Mortgage, Inc. | 85 | $5,184 | 6.688% |