Rochelle Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rochelle averaged
7.15%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.99% and
one month ago for the week of 2023-08-10, the
average rate was 6.73%.
Rochelle's average rate one year ago was 6.06%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.58%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Rochelle 30 Year Fixed Rate | 2023-09-14 | 7.15% |
Rochelle 30 Year Fixed Rate Refi | 2023-09-14 | 7.58% |
Rochelle 15 Year Fixed Rate | 2023-09-14 | 6.71% |
Rochelle 15 Year Fixed Rate Refi | 2023-09-14 | 6.81% |
Rochelle 30 Year FHA | 2023-09-14 | 6.54% |
Rochelle 30 Year FHA Refi | 2023-09-14 | 6.79% |
Rochelle 30 Year USDA | 2023-09-14 | 7.18% |
Rochelle 30 Year USDA Refi | 2023-09-14 | 7.08% |
Rochelle 30 Year VA | 2023-09-14 | 7.01% |
Rochelle 30 Year VA Refi | 2023-09-14 | 6.81% |
Rochelle 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 Rochelle, 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.).
Rochelle Average Closing Costs & Other Stats
Rochelle, IL's 85 lenders originated 1,021
loans during 2022. The total origination value was $153,625,000, with an average loan value of
$150,465.
Rochelle's average closing costs are $3,906.
The top Rochelle lender as defined by loan originations is Stillman Bank, with
43 loans originated. Their average total fees are
$2,304, which is $159
lower than the next largest lender,
Byron Bank.
The lowest fee Rochelle lenders (with over 10 loans originated) are
Central Bank Illinois ($1,643), Stillman Bank ($2,304), Byron Bank ($2,463), First State Bank ($2,552) and U.S. Bank ($2,717).
The lowest rate Rochelle lenders (with over 10 loans originated) are
First State Bank (4.70%), QUICKEN LOANS, LLC (4.81%), U.S. Bank (5.02%), Central Bank Illinois (5.07%) and Stillman Bank (5.21%).
Rochelle, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Holcomb Bank | $26,455,000 | $13,000,000 | -50.9% | 8.5% |
Stillman BancCorp N.A. | $23,240,000 | $10,025,000 | -56.9% | 6.5% |
Central Bank Illinois | $12,935,000 | $8,435,000 | -34.8% | 5.5% |
QUICKEN LOANS, LLC | $19,275,000 | $7,765,000 | -59.7% | 5.1% |
Union Savings Bank | $9,400,000 | $5,670,000 | -39.7% | 3.7% |
Byron Bank | $21,955,000 | $5,385,000 | -75.5% | 3.5% |
ENVOY MORTGAGE, LTD | $8,390,000 | $4,980,000 | -40.6% | 3.2% |
Blackhawk Bank | $5,165,000 | $4,720,000 | -8.6% | 3.1% |
Mortgage Research Center, LLC | $5,550,000 | $4,430,000 | -20.2% | 2.9% |
First State Bank | $6,340,000 | $4,270,000 | -32.6% | 2.8% |
Midwest Community Bank | $8,670,000 | $3,310,000 | -61.8% | 2.2% |
U.S. Bank | $4,830,000 | $3,235,000 | -33.0% | 2.1% |
Mr. Cooper ( Nationstar Mortgage ) | $5,545,000 | $2,740,000 | -50.6% | 1.8% |
COMPASS MORTGAGE, INC. | $1,750,000 | $2,405,000 | 37.4% | 1.6% |
GUARANTEED RATE, INC. | $3,850,000 | $2,180,000 | -43.4% | 1.4% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $2,340,000 | $2,035,000 | -13.0% | 1.3% |
Barrington Bank & Trust Company, N.A. | $1,770,000 | $2,000,000 | 13.0% | 1.3% |
UNITED WHOLESALE MORTGAGE, LLC | $2,505,000 | $1,980,000 | -21.0% | 1.3% |
Wells Fargo Bank | $3,295,000 | $1,940,000 | -41.1% | 1.3% |
Community Mortgage Banc Corporation | $2,110,000 | $1,815,000 | -14.0% | 1.2% |
FINANCE OF AMERICA MORTGAGE LLC | $3,635,000 | $1,785,000 | -50.9% | 1.2% |
CROSSCOUNTRY MORTGAGE, LLC | $2,625,000 | $1,765,000 | -32.8% | 1.1% |
LOANDEPOT.COM, LLC | $3,960,000 | $1,720,000 | -56.6% | 1.1% |
Sauk Valley Bank & Trust Company | $2,015,000 | $1,620,000 | -19.6% | 1.1% |
JPMorgan Chase Bank | $1,935,000 | $1,605,000 | -17.1% | 1.0% |
FIRST NORTHERN Credit Union | $1,780,000 | $1,600,000 | -10.1% | 1.0% |
ACADEMY MORTGAGE CORPORATION | $1,370,000 | $1,590,000 | 16.1% | 1.0% |
First National Bank of Omaha | $4,920,000 | $1,500,000 | -69.5% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,205,000 | $1,345,000 | 11.6% | 0.9% |
NAVY FEDERAL CREDIT UNION | $965,000 | $1,345,000 | 39.4% | 0.9% |
Fifth Third Bank | $550,000 | $1,325,000 | 140.9% | 0.9% |
The Harvard State Bank | $1,630,000 | $1,295,000 | -20.6% | 0.8% |
United Community Bank | $835,000 | $1,295,000 | 55.1% | 0.8% |
NORTHWEST BANK OF ROCKFORD | $1,430,000 | $1,230,000 | -14.0% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $1,895,000 | $1,230,000 | -35.1% | 0.8% |
The Huntington National Bank | $875,000 | $1,170,000 | 33.7% | 0.8% |
Flanagan State Bank | $1,790,000 | $1,000,000 | -44.1% | 0.7% |
USAA Federal Savings Bank | $1,070,000 | $995,000 | -7.0% | 0.6% |
Midland States Bank | $2,130,000 | $970,000 | -54.5% | 0.6% |
PLANET HOME LENDING, LLC | $780,000 | $955,000 | 22.4% | 0.6% |
FLAT BRANCH MORTGAGE, INC. | $530,000 | $905,000 | 70.8% | 0.6% |
GREENSTATE CREDIT UNION | $880,000 | n/a | 0.6% | |
American Bank and Trust Company | $865,000 | n/a | 0.6% | |
HOME POINT FINANCIAL CORPORATION | $1,725,000 | $840,000 | -51.3% | 0.5% |
COMPEER FINANCIAL, FLCA | $3,015,000 | $835,000 | -72.3% | 0.5% |
Rock Valley Credit Union | $1,255,000 | $785,000 | -37.5% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $1,055,000 | $710,000 | -32.7% | 0.5% |
First Federal Savings Bank | $685,000 | n/a | 0.4% | |
NEW DAY FINANCIAL, LLC | $195,000 | $665,000 | 241.0% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,440,000 | $660,000 | -54.2% | 0.4% |
Citywide Banks | $655,000 | n/a | 0.4% | |
Paramount Residential Mortgage Group, Inc. | $230,000 | $645,000 | 180.4% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $4,920,000 | $620,000 | -87.4% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $895,000 | $590,000 | -34.1% | 0.4% |
Great Southern Bank | $585,000 | n/a | 0.4% | |
Flagstar Bank, FSB | $235,000 | $560,000 | 138.3% | 0.4% |
INLAND BANK & TRUST | $2,010,000 | $540,000 | -73.1% | 0.4% |
Tradition Capital Bank | $535,000 | n/a | 0.3% | |
CALIBER HOME LOANS, INC. | $3,670,000 | $530,000 | -85.6% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $760,000 | $500,000 | -34.2% | 0.3% |
NEWREZ LLC | $1,110,000 | $495,000 | -55.4% | 0.3% |
DUPACO COMMUNITY | $285,000 | $475,000 | 66.7% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,290,000 | $475,000 | -63.2% | 0.3% |
GENEVA FINANCIAL, LLC | $390,000 | $470,000 | 20.5% | 0.3% |
Old Second National Bank | $1,710,000 | $460,000 | -73.1% | 0.3% |
PREMIA MORTGAGE, LLC | $285,000 | $450,000 | 57.9% | 0.3% |
Carrington Mortgage Services, LLC | $680,000 | $435,000 | -36.0% | 0.3% |
Northpointe Bank | $425,000 | n/a | 0.3% | |
CHERRY CREEK MORTGAGE, LLC | $155,000 | $415,000 | 167.7% | 0.3% |
Neighborhood Loans, Inc. | $545,000 | $410,000 | -24.8% | 0.3% |
First Midwest Bank | $885,000 | $405,000 | -54.2% | 0.3% |
DRAPER AND KRAMER MORTGAGE CORP. | $1,660,000 | $395,000 | -76.2% | 0.3% |
Centennial Bank | $385,000 | n/a | 0.3% | |
PENTAGON FEDERAL CREDIT UNION | $380,000 | n/a | 0.2% | |
BMO Harris Bank | $800,000 | $365,000 | -54.4% | 0.2% |
ILLINOIS STATE CREDIT UNION | $115,000 | $355,000 | 208.7% | 0.2% |
LENDSURE MORTGAGE CORP. | $345,000 | n/a | 0.2% | |
Bankers' Bank | $185,000 | $330,000 | 78.4% | 0.2% |
UNION HOME MORTGAGE CORP. | $325,000 | n/a | 0.2% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $885,000 | $320,000 | -63.8% | 0.2% |
HOMESPIRE MORTGAGE CORPORATION | $315,000 | n/a | 0.2% | |
PNC Bank | $1,640,000 | $315,000 | -80.8% | 0.2% |
OCMBC, INC. | $145,000 | $295,000 | 103.4% | 0.2% |
PHH Mortgage Corporation | $105,000 | $295,000 | 181.0% | 0.2% |
The Federal Savings Bank | $1,150,000 | $290,000 | -74.8% | 0.2% |
MOVEMENT MORTGAGE, LLC | $285,000 | $285,000 | 0.0% | 0.2% |
Platinum Home Mortgage Corporation | $390,000 | $285,000 | -26.9% | 0.2% |
Associated Bank | $710,000 | $275,000 | -61.3% | 0.2% |
Servion, Inc. | $275,000 | n/a | 0.2% | |
Bank of America | $530,000 | $270,000 | -49.1% | 0.2% |
First National Bank of Brookfield | $265,000 | n/a | 0.2% | |
MORTGAGE CENTER L.C | $175,000 | $260,000 | 48.6% | 0.2% |
Old National Bank | $250,000 | n/a | 0.2% | |
CANOPY MORTGAGE, LLC | $245,000 | n/a | 0.2% | |
Arvest Bank | $155,000 | $235,000 | 51.6% | 0.2% |
FIRST STATE MORTGAGE SERVICES, LLC | $905,000 | $235,000 | -74.0% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $265,000 | $235,000 | -11.3% | 0.2% |
Illinois Community Credit Unio | $235,000 | n/a | 0.2% | |
KELLER MORTGAGE, LLC | $235,000 | n/a | 0.2% | |
Midwest Heritage Bank FSB | $225,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $270,000 | $220,000 | -18.5% | 0.1% |
University of Wisconsin Credit Union | $215,000 | n/a | 0.1% | |
Third Federal Savings and Loan Association of Cleveland | $145,000 | $205,000 | 41.4% | 0.1% |
BETTER MORTGAGE CORPORATION | $765,000 | $195,000 | -74.5% | 0.1% |
Farmers National Bank | $775,000 | $190,000 | -75.5% | 0.1% |
ENDEAVOR CAPITAL, LLC. | $185,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $135,000 | $185,000 | 37.0% | 0.1% |
United Fidelity Funding Corp. | $185,000 | $185,000 | 0.0% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $85,000 | $180,000 | 111.8% | 0.1% |
Starion Bank | $175,000 | n/a | 0.1% | |
Heartland Bank and Trust Company | $165,000 | n/a | 0.1% | |
RUHL MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
CITIZENS EQUITY FIRST | $105,000 | $155,000 | 47.6% | 0.1% |
EMBRACE HOME LOANS, INC. | $155,000 | n/a | 0.1% | |
LIMA ONE CAPITAL, LLC | $155,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
CMG MORTGAGE, INC. | $370,000 | $145,000 | -60.8% | 0.1% |
LEADERONE FINANCIAL CORPORATION | $145,000 | n/a | 0.1% | |
THRIVENT Federal Credit Union | $145,000 | n/a | 0.1% | |
CORPORATE AMERICA FAMILY | $140,000 | n/a | 0.1% | |
Home State Bank | $605,000 | $140,000 | -76.9% | 0.1% |
ALLIED MORTGAGE GROUP, INC. | $135,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $465,000 | $135,000 | -71.0% | 0.1% |
Gateway First Bank | $135,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $135,000 | n/a | 0.1% | |
Ally Bank | $125,000 | n/a | 0.1% | |
BLUELEAF LENDING, LLC | $745,000 | $125,000 | -83.2% | 0.1% |
Connexus Credit Union | $125,000 | n/a | 0.1% | |
Figure Lending LLC | $125,000 | n/a | 0.1% | |
MEMBER FIRST MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
Mutual Federal Bank | $195,000 | $125,000 | -35.9% | 0.1% |
M&T Bank | $190,000 | $115,000 | -39.5% | 0.1% |
SPRING EQ, LLC | $110,000 | n/a | 0.1% | |
COMMUNITYAMERICA | $105,000 | n/a | 0.1% | |
Manufacturers Bank & Trust Company | $105,000 | n/a | 0.1% | |
Summit Credit Union | $105,000 | n/a | 0.1% | |
Ixonia Bank | $95,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $145,000 | $95,000 | -34.5% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $85,000 | n/a | 0.1% | |
EASTMAN | $75,000 | n/a | 0.0% | |
Stifel Bank and Trust | $75,000 | n/a | 0.0% | |
Citizens Bank | $290,000 | $55,000 | -81.0% | 0.0% |
FINANCIAL PLUS | $55,000 | n/a | 0.0% | |
First Community Credit Union | $335,000 | $55,000 | -83.6% | 0.0% |
Deere Employees Credit Union | $555,000 | $50,000 | -91.0% | 0.0% |
Discover Bank | $45,000 | $45,000 | 0.0% | 0.0% |
ALLIANT CREDIT UNION | $35,000 | n/a | 0.0% | |
CITY-COUNTY CREDIT UNION | $35,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $115,000 | $25,000 | -78.3% | 0.0% |
UTILITIES EMPLOYEES CREDIT UNION | $25,000 | n/a | 0.0% |
Rochelle's top lender by overall market share is Holcomb Bank, with 8.5% market share. In second place, with 6.5%, is Stillman BancCorp N.A., having originated $10,025,000 in loans. In third place, with 5.5%, is Central Bank Illinois, having originated $8,435,000 in loans. In fourth place, with 5.1%, is QUICKEN LOANS, LLC, having originated $7,765,000 in loans. In fifth place, with 3.7%, is Union Savings Bank, having originated $5,670,000 in loans.
Rochelle Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Rochelle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $144,875 (5.1%) | $191,224 (0.3%) | 0.00 | 213 |
2018-02-01 | $143,150 (3.8%) | $196,226 (9.2%) | 0.00 | 197 |
2018-03-01 | $149,000 (10.4%) | $198,511 (10.4%) | 0.00 | 189 |
2018-04-01 | $172,450 (27.8%) | $202,055 (8.5%) | 0.00 | 191 |
2018-05-01 | $179,900 (33.4%) | $211,691 (10.3%) | 0.00 | 215 |
2018-06-01 | $171,000 (22.4%) | $206,236 (7.2%) | 0.00 | 229 |
2018-07-01 | $166,325 (19.7%) | $200,475 (5.2%) | 0.00 | 250 |
2018-08-01 | $163,475 (17.6%) | $200,060 (6.6%) | 0.00 | 263 |
2018-09-01 | $161,950 (15.8%) | $202,287 (8.5%) | 0.00 | 262 |
2018-10-01 | $167,500 (18.0%) | $219,097 (20.3%) | 0.00 | 265 |
2018-11-01 | $169,925 (17.3%) | $220,814 (18.0%) | 0.00 | 263 |
2018-12-01 | $169,900 (17.3%) | $221,421 (17.2%) | 0.00 | 244 |
2019-01-01 | $179,675 (24.0%) | $223,463 (16.9%) | 0.00 | 226 |
2019-02-01 | $179,900 (25.7%) | $223,655 (14.0%) | 0.00 | 207 |
2019-03-01 | $182,900 (22.8%) | $230,222 (16.0%) | 0.00 | 198 |
2019-04-01 | $189,425 (9.8%) | $238,324 (18.0%) | 0.00 | 205 |
2019-05-01 | $195,975 (8.9%) | $241,484 (14.1%) | 0.00 | 231 |
2019-06-01 | $189,900 (11.1%) | $244,836 (18.7%) | 0.00 | 251 |
2019-07-01 | $186,450 (12.1%) | $238,392 (18.9%) | 0.00 | 259 |
2019-08-01 | $180,882 (10.7%) | $229,905 (14.9%) | 0.00 | 262 |
2019-09-01 | $174,705 (7.9%) | $231,597 (14.5%) | 0.00 | 261 |
2019-10-01 | $169,900 (1.4%) | $231,272 (5.6%) | 0.00 | 261 |
2019-11-01 | $173,900 (2.3%) | $226,731 (2.7%) | 0.00 | 251 |
2019-12-01 | $169,900 (0.0%) | $221,088 (-0.2%) | 0.00 | 229 |
2020-01-01 | $169,450 (-5.7%) | $225,290 (0.8%) | 0.00 | 215 |
2020-02-01 | $175,000 (-2.7%) | $228,081 (2.0%) | 0.00 | 210 |
2020-03-01 | $178,325 (-2.5%) | $233,577 (1.5%) | 0.00 | 204 |
2020-04-01 | $178,700 (-5.7%) | $230,431 (-3.3%) | 0.00 | 199 |
2020-05-01 | $179,900 (-8.2%) | $235,542 (-2.5%) | 0.00 | 190 |
2020-06-01 | $179,900 (-5.3%) | $239,561 (-2.2%) | 0.00 | 188 |
2020-07-01 | $185,250 (-0.6%) | $248,638 (4.3%) | 0.00 | 175 |
2020-08-01 | $169,900 (-6.1%) | $242,610 (5.5%) | 0.00 | 167 |
2020-09-01 | $169,950 (-2.7%) | $237,477 (2.5%) | 0.00 | 177 |
2020-10-01 | $161,400 (-5.0%) | $231,741 (0.2%) | 0.00 | 175 |
2020-11-01 | $169,700 (-2.4%) | $245,872 (8.4%) | 0.00 | 152 |
2020-12-01 | $162,200 (-4.5%) | $242,714 (9.8%) | 0.00 | 129 |
2021-01-01 | $149,750 (-11.6%) | $242,314 (7.6%) | 0.00 | 105 |
2021-02-01 | $145,150 (-17.1%) | $239,824 (5.2%) | 0.00 | 88 |
2021-03-01 | $157,475 (-11.7%) | $270,342 (15.7%) | 0.00 | 68 |
2021-04-01 | $167,450 (-6.3%) | $284,472 (23.5%) | 0.00 | 74 |
2021-05-01 | $165,000 (-8.3%) | $279,617 (18.7%) | 0.00 | 74 |
2021-06-01 | $162,475 (-9.7%) | $262,341 (9.5%) | 0.00 | 87 |
2021-07-01 | $188,900 (2.0%) | $311,386 (25.2%) | 0.00 | 101 |
2021-08-01 | $185,450 (9.2%) | $316,123 (30.3%) | 0.00 | 98 |
2021-09-01 | $193,691 (14.0%) | $290,982 (22.5%) | 0.00 | 101 |
2021-10-01 | $190,400 (18.0%) | $308,816 (33.3%) | 0.00 | 89 |
2021-11-01 | $177,475 (4.6%) | $290,060 (18.0%) | 0.00 | 94 |
2021-12-01 | $182,450 (12.5%) | $303,534 (25.1%) | 0.00 | 89 |
2022-01-01 | $190,000 (26.9%) | $333,246 (37.5%) | 0.00 | 74 |
2022-02-01 | $187,450 (29.1%) | $360,598 (50.4%) | 0.00 | 61 |
2022-03-01 | $194,975 (23.8%) | $407,342 (50.7%) | 0.00 | 46 |
2022-04-01 | $179,900 (7.4%) | $385,885 (35.7%) | 0.00 | 49 |
2022-05-01 | $210,000 (27.3%) | $353,142 (26.3%) | 0.00 | 69 |
2022-06-01 | $230,975 (42.2%) | $330,958 (26.2%) | 0.00 | 72 |
2022-07-01 | $209,000 (10.6%) | $279,598 (-10.2%) | 0.00 | 80 |
2022-08-01 | $224,960 (21.3%) | $288,966 (-8.6%) | 0.00 | 77 |
2022-09-01 | $198,500 (2.5%) | $256,221 (-12.0%) | 0.00 | 81 |
2022-10-01 | $205,000 (7.7%) | $262,273 (-15.1%) | 0.00 | 79 |
2022-11-01 | $192,400 (8.4%) | $257,603 (-11.2%) | 0.00 | 87 |
2022-12-01 | $186,000 (2.0%) | $264,123 (-13.0%) | 0.00 | 71 |
2023-01-01 | $191,200 (0.6%) | $264,134 (-20.7%) | 0.00 | 67 |
2023-02-01 | $211,625 (12.9%) | $271,697 (-24.7%) | 0.00 | 62 |
2023-03-01 | $223,750 (14.8%) | $252,426 (-38.0%) | 0.00 | 63 |
2023-04-01 | $222,500 (23.7%) | $242,239 (-37.2%) | 0.00 | 54 |
2023-05-01 | $216,925 (3.3%) | $239,291 (-32.2%) | 0.00 | 54 |
2023-06-01 | $193,975 (-16.0%) | $228,055 (-31.1%) | 0.00 | 54 |
2023-07-01 | $218,950 (4.8%) | $251,261 (-10.1%) | 0.00 | 47 |
2023-08-01 | $239,900 (6.6%) | $259,032 (-10.4%) | 0.00 | 50 |
Rochelle's median listing price comes in at 0% of the national average.
Rochelle's average listing price for 2023-08-01 was $259,032, a difference of $-29,934 (-10.4%) versus the prior year and $7,771 versus the prior month.
For the 2023-08-01 period, Rochelle had 50 MLS listings, a difference of 3 listings (6%) versus the prior month and -27 listings (-35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rochelle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,814 sqft |
2018-02-01 | 0 days | 1,800 sqft |
2018-03-01 | 0 days | 1,827 sqft |
2018-04-01 | 0 days | 1,910 sqft |
2018-05-01 | 0 days | 1,944 sqft |
2018-06-01 | 0 days | 1,938 sqft |
2018-07-01 | 0 days | 1,888 sqft |
2018-08-01 | 0 days | 1,857 sqft |
2018-09-01 | 0 days | 1,846 sqft |
2018-10-01 | 0 days | 1,902 sqft |
2018-11-01 | 0 days | 1,903 sqft |
2018-12-01 | 0 days | 1,915 sqft |
2019-01-01 | 0 days | 1,901 sqft |
2019-02-01 | 0 days | 1,876 sqft |
2019-03-01 | 0 days | 1,827 sqft |
2019-04-01 | 0 days | 1,818 sqft |
2019-05-01 | 0 days | 1,850 sqft |
2019-06-01 | 0 days | 1,900 sqft |
2019-07-01 | 0 days | 1,996 sqft |
2019-08-01 | 0 days | 2,009 sqft |
2019-09-01 | 0 days | 1,962 sqft |
2019-10-01 | 0 days | 1,964 sqft |
2019-11-01 | 0 days | 1,976 sqft |
2019-12-01 | 0 days | 1,923 sqft |
2020-01-01 | 0 days | 1,946 sqft |
2020-02-01 | 0 days | 1,925 sqft |
2020-03-01 | 0 days | 1,926 sqft |
2020-04-01 | 0 days | 2,018 sqft |
2020-05-01 | 0 days | 2,086 sqft |
2020-06-01 | 0 days | 2,076 sqft |
2020-07-01 | 0 days | 2,064 sqft |
2020-08-01 | 0 days | 1,975 sqft |
2020-09-01 | 0 days | 1,979 sqft |
2020-10-01 | 0 days | 1,936 sqft |
2020-11-01 | 0 days | 1,946 sqft |
2020-12-01 | 0 days | 1,760 sqft |
2021-01-01 | 0 days | 1,761 sqft |
2021-02-01 | 0 days | 1,772 sqft |
2021-03-01 | 0 days | 1,772 sqft |
2021-04-01 | 0 days | 1,774 sqft |
2021-05-01 | 0 days | 1,570 sqft |
2021-06-01 | 0 days | 1,693 sqft |
2021-07-01 | 0 days | 1,954 sqft |
2021-08-01 | 0 days | 1,811 sqft |
2021-09-01 | 0 days | 1,872 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,800 sqft |
2021-12-01 | 0 days | 1,751 sqft |
2022-01-01 | 0 days | 1,710 sqft |
2022-02-01 | 0 days | 1,678 sqft |
2022-03-01 | 0 days | 1,908 sqft |
2022-04-01 | 0 days | 1,976 sqft |
2022-05-01 | 0 days | 1,981 sqft |
2022-06-01 | 0 days | 2,000 sqft |
2022-07-01 | 0 days | 2,009 sqft |
2022-08-01 | 0 days | 2,042 sqft |
2022-09-01 | 0 days | 1,906 sqft |
2022-10-01 | 0 days | 2,100 sqft |
2022-11-01 | 0 days | 1,968 sqft |
2022-12-01 | 0 days | 1,840 sqft |
2023-01-01 | 0 days | 1,837 sqft |
2023-02-01 | 0 days | 1,837 sqft |
2023-03-01 | 0 days | 1,843 sqft |
2023-04-01 | 0 days | 1,825 sqft |
2023-05-01 | 0 days | 1,801 sqft |
2023-06-01 | 0 days | 1,731 sqft |
2023-07-01 | 0 days | 1,794 sqft |
2023-08-01 | 0 days | 1,894 sqft |
Rochelle's median square footage for active listings during the 2023-08-01 period was 1,894 sqft. One year prior, the average listing was 2,042 sqft.
Rochelle, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 632 | $103,830,000 | $164,288 |
Refi | 155 | $20,245,000 | $130,613 |
Cash Out Refi | 150 | $22,130,000 | $147,533 |
Other | 48 | $4,420,000 | $92,083 |
Home Improvement | 36 | $3,000,000 | $83,333 |
Rochelle's most frequently cited loan purpose was Home Purchase, with 632 originations. The 2nd most popular reason was Refi, with 155 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 250 | $37,330,000 | $149,320 |
4-5% | 206 | $32,260,000 | $156,602 |
3-4% | 175 | $28,985,000 | $165,629 |
6-7% | 113 | $17,055,000 | $150,929 |
7-8% | 40 | $5,090,000 | $127,250 |
<2.5% | 38 | $4,350,000 | $114,474 |
2.5-3% | 33 | $4,825,000 | $146,212 |
Over 8% | 15 | $995,000 | $66,333 |
During 2022, Rochelle's most frequently originated rate bucket was 5-6%, with 250 originations.
Loan Sizing (Rochelle, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 482 | $68,850,000 | $142,842 |
$100,000 or less | 315 | $19,195,000 | $60,937 |
$200k-400k | 201 | $53,365,000 | $265,498 |
$400k-600k | 18 | $8,040,000 | $446,667 |
$600k-1000k | 4 | $3,070,000 | $767,500 |
$Over $1MM | 1 | $1,105,000 | $1,105,000 |
Rochelle's loan sizing saw the bucket of loans from $100k-200k with 482 originations, totaling $68,850,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 413 | $74,535,000 | $180,472 |
60-80% | 250 | $39,170,000 | $156,680 |
40-60% | 77 | $9,005,000 | $116,948 |
Under 20% | 68 | $1,890,000 | $27,794 |
20-40% | 55 | $3,885,000 | $70,636 |
Over 100% | 7 | $2,075,000 | $296,429 |
Rochelle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 413 originations, totaling $74,535,000 in origination value.