Freeport Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Freeport averaged 6.59% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.7% and one month ago for the week of 2024-10-10, the average rate was 6.53%.

    Freeport's average rate one year ago was 7.61%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.68%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Freeport 30 Year Fixed Rate 2024-11-14 6.59%
    Freeport 30 Year Fixed Rate Refi 2024-11-14 6.68%
    Freeport 15 Year Fixed Rate 2024-11-14 6.19%
    Freeport 15 Year Fixed Rate Refi 2024-11-14 5.89%
    Freeport 30 Year FHA 2024-11-14 -0.28%
    Freeport 30 Year FHA Refi 2024-11-14 0.2%
    Freeport 30 Year USDA 2024-11-14 0.1%
    Freeport 30 Year USDA Refi 2024-11-14 0.1%
    Freeport 30 Year VA 2024-11-14 0.1%
    Freeport 30 Year VA Refi 2024-11-14 -0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Freeport, IL.

    Freeport 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 Freeport, IL 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
    GREENSTATE CREDIT UNION 45 6.66% $2,738
    U.S. Bank 14 7.26% $2,907
    PLAZA HOME MORTGAGE, INC. 10 6.66% $4,330
    NORTHWEST BANK OF ROCKFORD 9 6.56% $2,958
    QUICKEN LOANS, LLC 7 7.18% $4,898
    Blackhawk Bank 6 6.83% $4,194
    The Bank of New Glarus 6 6.21% $2,155
    The First National Bank and Trust Company 5 6.78% $2,434
    First Community Credit Union 5 6.60% $2,021
    ILLINOIS STATE CREDIT UNION 4 6.44% $2,387
    Wells Fargo Bank 4 6.63% $4,421
    Byron Bank 4 6.88% $2,263
    MUTUAL OF OMAHA MORTGAGE, INC. 3 7.12% $7,076
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.91% $3,609
    UNITED WHOLESALE MORTGAGE, LLC 3 6.64% $6,107
    Barrington Bank & Trust Company, N.A. 3 6.75% $2,927
    CHURCHILL MORTGAGE CORPORATION 3 7.83% $4,213
    COMPEER FINANCIAL, FLCA 3 7.96% $3,107
    GUILD MORTGAGE COMPANY 2 6.49% $12,090
    ENVOY MORTGAGE, LTD 2 6.38% $4,344
    Midland States Bank 2 6.25% $4,575
    BMO Harris Bank 2 7.94% $3,649
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.81% $3,534
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.56% $4,744
    First National Bank of Omaha 2 7.13% $3,273
    GUARANTEED RATE AFFINITY, LLC 2 6.69% $3,412
    Summit Credit Union 2 6.69% $2,553
    ZILLOW HOME LOANS, LLC 1 6.50% $5,428
    Associated Bank 1 6.63% $3,584
    Bankers' Bank 1 6.88% $3,211
    Bank Five Nine 1 6.50% $2,863
    Bank of America 1 6.25% $3,523
    BROKER SOLUTIONS, INC. 1 6.50% $3,413
    CIBM Bank 1 6.50% $3,206
    CROSSCOUNTRY MORTGAGE, LLC 1 9.75% $5,659
    Fifth Third Bank 1 6.38% $4,220
    First Mid Bank & Trust 1 8.00% $4,127
    FIRST NORTHERN Credit Union 1 6.25% $2,624
    GUARANTEED RATE, INC. 1 6.13% $6,600
    HOMESIDE FINANCIAL, LLC 1 6.99% $3,448
    JPMorgan Chase Bank 1 7.49% $5,247
    LEADERONE FINANCIAL CORPORATION 1 6.50% $4,889
    LOANDEPOT.COM, LLC 1 7.99% $3,343
    Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $3,993
    Nations Lending Corporation 1 6.63% $4,189
    NAVY FEDERAL CREDIT UNION 1 7.63% $1,359
    Neighborhood Loans, Inc. 1 6.50% $4,908
    NEWREZ LLC 1 6.63% $2,833
    Old National Bank 1 8.13% $299
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $4,975
    PNC Bank 1 6.88% $2,650
    ROYAL UNITED MORTGAGE LLC 1 6.00% $9,913
    ACADEMY MORTGAGE CORPORATION 1 7.00% $6,383

    Freeport Average Closing Costs & Other Stats

    Freeport, IL's 53 lenders originated 552 loans during 2023. The total origination value was $58,830,000, with an average loan value of $106,576.

    Freeport's average closing costs are $3,640.

    The top Freeport lender as defined by loan originations is GREENSTATE CREDIT UNION, with 45 loans originated. Their average total fees are $2,738, which is $169 lower than the next largest lender, U.S. Bank.

    The lowest fee Freeport lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($2,738), U.S. Bank ($2,907), PLAZA HOME MORTGAGE, INC. ($4,330), .

    The lowest rate Freeport lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. (6.66%), GREENSTATE CREDIT UNION (6.66%), U.S. Bank (7.26%), .

    Freeport, IL 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
    GREENSTATE CREDIT UNION $2,865,000 $8,720,000 204.4% 14.8%
    ACADEMY MORTGAGE CORPORATION $2,925,000 $3,515,000 20.2% 6.0%
    QUICKEN LOANS, LLC $4,375,000 $2,940,000 -32.8% 5.0%
    U.S. Bank $4,820,000 $2,790,000 -42.1% 4.7%
    Union Savings Bank $4,270,000 $2,630,000 -38.4% 4.5%
    Mortgage Research Center, LLC $3,385,000 $2,615,000 -22.7% 4.4%
    UNITED WHOLESALE MORTGAGE, LLC $1,560,000 $2,155,000 38.1% 3.7%
    Woodford State Bank $360,000 $1,820,000 405.6% 3.1%
    COMPEER FINANCIAL, FLCA $1,830,000 $1,630,000 -10.9% 2.8%
    Blackhawk Bank $825,000 $1,605,000 94.5% 2.7%
    The Bank of New Glarus $675,000 $1,445,000 114.1% 2.5%
    Cornerstone Credit Union $1,390,000 n/a 2.4%
    PLAZA HOME MORTGAGE, INC. $1,115,000 $1,385,000 24.2% 2.4%
    The First National Bank and Trust Company $2,840,000 $1,130,000 -60.2% 1.9%
    NORTHWEST BANK OF ROCKFORD $5,530,000 $890,000 -83.9% 1.5%
    First Community Credit Union $430,000 $780,000 81.4% 1.3%
    Summit Credit Union $585,000 $740,000 26.5% 1.3%
    GUILD MORTGAGE COMPANY $185,000 $715,000 286.5% 1.2%
    CHURCHILL MORTGAGE CORPORATION $685,000 n/a 1.2%
    JPMorgan Chase Bank $640,000 $670,000 4.7% 1.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $285,000 $655,000 129.8% 1.1%
    Wells Fargo Bank $915,000 $655,000 -28.4% 1.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $590,000 $620,000 5.1% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $230,000 $605,000 163.0% 1.0%
    Fifth Third Bank $2,295,000 $600,000 -73.9% 1.0%
    BMO Harris Bank $550,000 $540,000 -1.8% 0.9%
    ENVOY MORTGAGE, LTD $1,345,000 $530,000 -60.6% 0.9%
    Byron Bank $180,000 $525,000 191.7% 0.9%
    Barrington Bank & Trust Company, N.A. $255,000 $505,000 98.0% 0.9%
    PNC Bank $175,000 $495,000 182.9% 0.8%
    GUARANTEED RATE AFFINITY, LLC $385,000 $485,000 26.0% 0.8%
    MUTUAL OF OMAHA MORTGAGE, INC. $380,000 $475,000 25.0% 0.8%
    LOANDEPOT.COM, LLC $615,000 $465,000 -24.4% 0.8%
    ZILLOW HOME LOANS, LLC $460,000 n/a 0.8%
    USAA Federal Savings Bank $440,000 n/a 0.7%
    NAVY FEDERAL CREDIT UNION $370,000 $385,000 4.1% 0.7%
    GUARANTEED RATE, INC. $645,000 $380,000 -41.1% 0.6%
    ILLINOIS STATE CREDIT UNION $115,000 $360,000 213.0% 0.6%
    Midland States Bank $810,000 $345,000 -57.4% 0.6%
    VELOCITY COMMERCIAL CAPITAL, LLC $335,000 n/a 0.6%
    HOMESIDE FINANCIAL, LLC $115,000 $330,000 187.0% 0.6%
    FIRST CENTENNIAL MORTGAGE CORPORATION $675,000 $325,000 -51.9% 0.6%
    Neighborhood Loans, Inc. $120,000 $310,000 158.3% 0.5%
    Associated Bank $690,000 $295,000 -57.2% 0.5%
    PLANET HOME LENDING, LLC $75,000 $290,000 286.7% 0.5%
    MARINE $140,000 $285,000 103.6% 0.5%
    AMERISAVE MORTGAGE CORPORATION $745,000 $270,000 -63.8% 0.5%
    Carrington Mortgage Services, LLC $165,000 $270,000 63.6% 0.5%
    CARDINAL FINANCIAL $250,000 $265,000 6.0% 0.5%
    First National Bank of Omaha $330,000 $260,000 -21.2% 0.4%
    BROKER SOLUTIONS, INC. $390,000 $235,000 -39.7% 0.4%
    Bank of America $220,000 n/a 0.4%
    Mid-Continent Funding, Inc. $215,000 n/a 0.4%
    Nations Lending Corporation $215,000 n/a 0.4%
    NEWREZ LLC $310,000 $210,000 -32.3% 0.4%
    PENNYMAC LOAN SERVICES, LLC $545,000 $205,000 -62.4% 0.3%
    FREEDOM MORTGAGE CORPORATION $360,000 $200,000 -44.4% 0.3%
    FIRST NORTHERN Credit Union $125,000 $185,000 48.0% 0.3%
    Flanagan State Bank $1,100,000 $175,000 -84.1% 0.3%
    INTOUCH CREDIT UNION $165,000 n/a 0.3%
    LEADERONE FINANCIAL CORPORATION $165,000 n/a 0.3%
    University of Wisconsin Credit Union $220,000 $165,000 -25.0% 0.3%
    UNION HOME MORTGAGE CORP. $145,000 $160,000 10.3% 0.3%
    ROYAL UNITED MORTGAGE LLC $235,000 $155,000 -34.0% 0.3%
    Deere Employees Credit Union $65,000 $145,000 123.1% 0.2%
    St Charles Bank & Trust $145,000 n/a 0.2%
    DAS Acquisition Company, LLC $135,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $115,000 n/a 0.2%
    1st National Bank $105,000 n/a 0.2%
    Bankers' Bank $445,000 $105,000 -76.4% 0.2%
    COMPASS MORTGAGE, INC. $215,000 $105,000 -51.2% 0.2%
    Cornerstone National Bank & Trust Company $105,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $165,000 $100,000 -39.4% 0.2%
    CIBM Bank $95,000 n/a 0.2%
    Holcomb Bank $375,000 $95,000 -74.7% 0.2%
    Coastal Community Bank $90,000 n/a 0.2%
    Bank Five Nine $85,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $770,000 $85,000 -89.0% 0.1%
    Plains Commerce Bank $690,000 $85,000 -87.7% 0.1%
    Discover Bank $120,000 $75,000 -37.5% 0.1%
    First Mid Bank & Trust $75,000 n/a 0.1%
    DUPACO COMMUNITY $205,000 $70,000 -65.9% 0.1%
    Old National Bank $390,000 $65,000 -83.3% 0.1%
    21ST MORTGAGE CORPORATION $85,000 $35,000 -58.8% 0.1%
    The Bank of Brodhead $170,000 $35,000 -79.4% 0.1%
    First American Bank $95,000 $25,000 -73.7% 0.0%

    Freeport's top lender by overall market share is GREENSTATE CREDIT UNION, with 14.8% market share. In second place, with 6.0%, is ACADEMY MORTGAGE CORPORATION, having originated $3,515,000 in loans. In third place, with 5.0%, is QUICKEN LOANS, LLC, having originated $2,940,000 in loans. In fourth place, with 4.7%, is U.S. Bank, having originated $2,790,000 in loans. In fifth place, with 4.5%, is Union Savings Bank, having originated $2,630,000 in loans.

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

    Realtor.com - Freeport (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 $79,950 (-5.8%) $99,850 (-10.1%) 0.00 209
    2018-02-01 $81,200 (-4.4%) $102,479 (-10.3%) 0.00 207
    2018-03-01 $87,150 (-3.1%) $108,560 (-12.7%) 0.00 203
    2018-04-01 $89,950 (-3.2%) $115,711 (-13.1%) 0.00 219
    2018-05-01 $91,375 (-8.1%) $120,513 (-12.2%) 0.00 234
    2018-06-01 $91,000 (-6.3%) $127,794 (-1.8%) 0.00 229
    2018-07-01 $91,950 (2.3%) $129,269 (0.0%) 0.00 224
    2018-08-01 $84,975 (-5.5%) $125,905 (-2.1%) 0.00 219
    2018-09-01 $85,900 (-4.5%) $124,022 (-2.0%) 0.00 206
    2018-10-01 $89,900 (1.9%) $131,047 (11.8%) 0.00 188
    2018-11-01 $89,900 (5.9%) $135,685 (18.3%) 0.00 183
    2018-12-01 $89,900 (7.1%) $123,162 (14.8%) 0.00 175
    2019-01-01 $89,700 (12.2%) $122,297 (22.5%) 0.00 172
    2019-02-01 $93,900 (15.6%) $124,206 (21.2%) 0.00 170
    2019-03-01 $96,671 (10.9%) $127,232 (17.2%) 0.00 173
    2019-04-01 $99,400 (10.5%) $131,998 (14.1%) 0.00 177
    2019-05-01 $99,900 (9.3%) $138,259 (14.7%) 0.00 180
    2019-06-01 $104,500 (14.8%) $142,608 (11.6%) 0.00 183
    2019-07-01 $107,400 (16.8%) $142,015 (9.9%) 0.00 208
    2019-08-01 $111,109 (30.8%) $141,660 (12.5%) 0.00 213
    2019-09-01 $106,210 (23.6%) $139,176 (12.2%) 0.00 216
    2019-10-01 $102,400 (13.9%) $135,334 (3.3%) 0.00 217
    2019-11-01 $99,900 (11.1%) $128,056 (-5.6%) 0.00 212
    2019-12-01 $90,000 (0.1%) $123,317 (0.1%) 0.00 196
    2020-01-01 $90,450 (0.8%) $126,109 (3.1%) 0.00 175
    2020-02-01 $89,900 (-4.3%) $128,784 (3.7%) 0.00 166
    2020-03-01 $95,150 (-1.6%) $132,519 (4.2%) 0.00 154
    2020-04-01 $108,650 (9.3%) $140,219 (6.2%) 0.00 156
    2020-05-01 $119,900 (20.0%) $162,716 (17.7%) 0.00 132
    2020-06-01 $117,400 (12.3%) $159,194 (11.6%) 0.00 129
    2020-07-01 $115,925 (7.9%) $165,504 (16.5%) 0.00 126
    2020-08-01 $109,900 (-1.1%) $160,518 (13.3%) 0.00 110
    2020-09-01 $101,750 (-4.2%) $149,410 (7.4%) 0.00 106
    2020-10-01 $107,900 (5.4%) $164,525 (21.6%) 0.00 100
    2020-11-01 $101,750 (1.9%) $157,592 (23.1%) 0.00 97
    2020-12-01 $101,400 (12.7%) $158,959 (28.9%) 0.00 99
    2021-01-01 $87,500 (-3.3%) $155,110 (23.0%) 0.00 93
    2021-02-01 $83,600 (-7.0%) $159,942 (24.2%) 0.00 81
    2021-03-01 $82,625 (-13.2%) $156,828 (18.3%) 0.00 71
    2021-04-01 $108,308 (-0.3%) $166,932 (19.1%) 0.00 56
    2021-05-01 $129,900 (8.3%) $184,733 (13.5%) 0.00 50
    2021-06-01 $108,000 (-8.0%) $159,543 (0.2%) 0.00 49
    2021-07-01 $90,000 (-22.4%) $155,608 (-6.0%) 0.00 88
    2021-08-01 $125,000 (13.7%) $168,055 (4.7%) 0.00 98
    2021-09-01 $138,175 (35.8%) $189,221 (26.7%) 0.00 109
    2021-10-01 $144,900 (34.3%) $191,381 (16.3%) 0.00 125
    2021-11-01 $126,225 (24.1%) $175,239 (11.2%) 0.00 135
    2021-12-01 $128,450 (26.7%) $179,464 (12.9%) 0.00 117
    2022-01-01 $99,900 (14.2%) $144,579 (-6.8%) 0.00 103
    2022-02-01 $106,225 (27.1%) $146,648 (-8.3%) 0.00 87
    2022-03-01 $118,400 (43.3%) $161,352 (2.9%) 0.00 68
    2022-04-01 $131,400 (21.3%) $171,033 (2.5%) 0.00 70
    2022-05-01 $148,750 (14.5%) $197,889 (7.1%) 0.00 72
    2022-06-01 $159,900 (48.1%) $204,148 (28.0%) 0.00 69
    2022-07-01 $129,450 (43.8%) $187,982 (20.8%) 0.00 76
    2022-08-01 $152,725 (22.2%) $202,476 (20.5%) 0.00 82
    2022-09-01 $129,950 (-6.0%) $189,440 (0.1%) 0.00 83
    2022-10-01 $113,000 (-22.0%) $166,765 (-12.9%) 0.00 91
    2022-11-01 $128,900 (2.1%) $163,789 (-6.5%) 0.00 98
    2022-12-01 $128,400 (0.0%) $156,207 (-13.0%) 0.00 95
    2023-01-01 $114,225 (14.3%) $142,878 (-1.2%) 0.00 80
    2023-02-01 $77,225 (-27.3%) $129,505 (-11.7%) 0.00 95
    2023-03-01 $75,000 (-36.7%) $124,148 (-23.1%) 0.00 91
    2023-04-01 $75,000 (-42.9%) $136,004 (-20.5%) 0.00 87
    2023-05-01 $95,225 (-36.0%) $175,800 (-11.2%) 0.00 57
    2023-06-01 $130,650 (-18.3%) $180,076 (-11.8%) 0.00 65
    2023-07-01 $127,450 (-1.5%) $185,821 (-1.2%) 0.00 72
    2023-08-01 $110,675 (-27.5%) $173,591 (-14.3%) 0.00 84
    2023-09-01 $119,950 (-7.7%) $178,343 (-5.9%) 0.00 86
    2023-10-01 $144,900 (28.2%) $192,100 (15.2%) 0.00 90
    2023-11-01 $134,950 (4.7%) $187,246 (14.3%) 0.00 97
    2023-12-01 $125,000 (-2.7%) $174,691 (11.8%) 0.00 99
    2024-01-01 $126,600 (10.8%) $183,249 (28.3%) 0.00 92
    2024-02-01 $128,650 (66.6%) $184,826 (42.7%) 0.00 84
    2024-03-01 $149,950 (99.9%) $201,480 (62.3%) 0.00 82
    2024-04-01 $158,675 (111.6%) $209,529 (54.1%) 0.00 66
    2024-05-01 $150,000 (57.5%) $217,467 (23.7%) 0.00 62
    2024-06-01 $147,450 (12.9%) $215,762 (19.8%) 0.00 87
    2024-07-01 $132,500 (4.0%) $200,102 (7.7%) 0.00 97
    2024-08-01 $142,500 (28.8%) $199,517 (14.9%) 0.00 114
    2024-09-01 $149,175 (24.4%) $199,801 (12.0%) 0.00 114
    2024-10-01 $154,125 (6.4%) $201,003 (4.6%) 0.00 120
    Freeport's median listing price for 2024-10-01 was $154,125, a difference of $9,225 (6.4%) versus the prior year and $4,950 versus the prior month.

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

    Freeport's average listing price for 2024-10-01 was $201,003, a difference of $8,903 (4.6%) versus the prior year and $1,202 versus the prior month.

    For the 2024-10-01 period, Freeport had 120 MLS listings, a difference of 6 listings (5%) versus the prior month and 30 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Freeport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,559 sqft
    2018-02-01 0 days 1,554 sqft
    2018-03-01 0 days 1,584 sqft
    2018-04-01 0 days 1,588 sqft
    2018-05-01 0 days 1,595 sqft
    2018-06-01 0 days 1,650 sqft
    2018-07-01 0 days 1,655 sqft
    2018-08-01 0 days 1,625 sqft
    2018-09-01 0 days 1,624 sqft
    2018-10-01 0 days 1,665 sqft
    2018-11-01 0 days 1,689 sqft
    2018-12-01 0 days 1,644 sqft
    2019-01-01 0 days 1,628 sqft
    2019-02-01 0 days 1,662 sqft
    2019-03-01 0 days 1,653 sqft
    2019-04-01 0 days 1,644 sqft
    2019-05-01 0 days 1,573 sqft
    2019-06-01 0 days 1,664 sqft
    2019-07-01 0 days 1,765 sqft
    2019-08-01 0 days 1,784 sqft
    2019-09-01 0 days 1,761 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,758 sqft
    2019-12-01 0 days 1,678 sqft
    2020-01-01 0 days 1,697 sqft
    2020-02-01 0 days 1,673 sqft
    2020-03-01 0 days 1,746 sqft
    2020-04-01 0 days 1,818 sqft
    2020-05-01 0 days 1,827 sqft
    2020-06-01 0 days 1,791 sqft
    2020-07-01 0 days 1,693 sqft
    2020-08-01 0 days 1,597 sqft
    2020-09-01 0 days 1,612 sqft
    2020-10-01 0 days 1,640 sqft
    2020-11-01 0 days 1,633 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,628 sqft
    2021-02-01 0 days 1,598 sqft
    2021-03-01 0 days 1,581 sqft
    2021-04-01 0 days 1,674 sqft
    2021-05-01 0 days 1,743 sqft
    2021-06-01 0 days 1,533 sqft
    2021-07-01 0 days 1,680 sqft
    2021-08-01 0 days 1,748 sqft
    2021-09-01 0 days 1,877 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,788 sqft
    2021-12-01 0 days 1,812 sqft
    2022-01-01 0 days 1,608 sqft
    2022-02-01 0 days 1,650 sqft
    2022-03-01 0 days 1,782 sqft
    2022-04-01 0 days 1,783 sqft
    2022-05-01 0 days 1,823 sqft
    2022-06-01 0 days 1,846 sqft
    2022-07-01 0 days 1,770 sqft
    2022-08-01 0 days 1,952 sqft
    2022-09-01 0 days 1,815 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,667 sqft
    2022-12-01 0 days 1,684 sqft
    2023-01-01 0 days 1,593 sqft
    2023-02-01 0 days 1,516 sqft
    2023-03-01 0 days 1,445 sqft
    2023-04-01 0 days 1,456 sqft
    2023-05-01 0 days 1,559 sqft
    2023-06-01 0 days 1,645 sqft
    2023-07-01 0 days 1,613 sqft
    2023-08-01 0 days 1,620 sqft
    2023-09-01 0 days 1,704 sqft
    2023-10-01 0 days 1,706 sqft
    2023-11-01 0 days 1,680 sqft
    2023-12-01 0 days 1,734 sqft
    2024-01-01 0 days 1,672 sqft
    2024-02-01 0 days 1,675 sqft
    2024-03-01 0 days 1,664 sqft
    2024-04-01 0 days 1,683 sqft
    2024-05-01 0 days 1,736 sqft
    2024-06-01 0 days 1,854 sqft
    2024-07-01 0 days 1,777 sqft
    2024-08-01 0 days 1,780 sqft
    2024-09-01 0 days 1,794 sqft
    2024-10-01 0 days 1,777 sqft
    Freeport's median listing age (time on market) for 2024-10-01 was 0 days.

    Freeport's median square footage for active listings during the 2024-10-01 period was 1,777 sqft. One year prior, the average listing was 1,706 sqft.

    Freeport, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 397 $46,945,000 $118,249
    Cash Out Refi 51 $5,295,000 $103,824
    Other 41 $2,305,000 $56,220
    Home Improvement 36 $1,840,000 $51,111
    Refi 27 $2,445,000 $90,556

    Freeport's most frequently cited loan purpose was Home Purchase, with 397 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 188 $23,400,000 $124,468
    7-8% 117 $14,135,000 $120,812
    Over 8% 66 $5,630,000 $85,303
    5-6% 64 $8,330,000 $130,156
    <2.5% 36 $450,000 $12,500
    4-5% 3 $425,000 $141,667
    3-4% 1 $305,000 $305,000

    During 2023, Freeport's most frequently originated rate bucket was 6-7%, with 188 originations.

    Loan Sizing (Freeport, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 303 $15,815,000 $52,195
    $100k-200k 188 $26,280,000 $139,787
    $200k-400k 56 $14,520,000 $259,286
    $400k-600k 5 $2,215,000 $443,000

    Freeport's loan sizing saw the bucket of loans from $100,000 or less with 303 originations, totaling $15,815,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 242 $32,440,000 $134,050
    60-80% 100 $13,150,000 $131,500
    Under 20% 58 $950,000 $16,379
    20-40% 43 $2,525,000 $58,721
    40-60% 31 $2,775,000 $89,516
    Over 100% 4 $870,000 $217,500

    Freeport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 242 originations, totaling $32,440,000 in origination value.