Rochelle Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Rochelle, IL.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Stillman Bank 43 5.21% $2,304
    Byron Bank 29 5.52% $2,463
    Blackhawk Bank 20 5.72% $3,645
    ENVOY MORTGAGE, LTD 18 5.45% $4,343
    QUICKEN LOANS, LLC 18 4.81% $6,331
    Central Bank Illinois 15 5.07% $1,643
    U.S. Bank 12 5.02% $2,717
    First State Bank 10 4.70% $2,552
    Mr. Cooper ( Nationstar Mortgage ) 8 4.70% $7,073
    First National Bank of Omaha 7 5.27% $3,124
    FIRST NORTHERN Credit Union 7 5.11% $2,866
    Midwest Community Bank 7 4.59% $3,059
    COMPASS MORTGAGE, INC. 6 5.14% $4,273
    FLAT BRANCH MORTGAGE, INC. 6 4.98% $2,935
    GREENSTATE CREDIT UNION 6 5.69% $2,873
    ACADEMY MORTGAGE CORPORATION 6 5.96% $4,341
    UNITED WHOLESALE MORTGAGE, LLC 6 6.29% $5,389
    FINANCE OF AMERICA MORTGAGE LLC 5 4.65% $5,398
    JPMorgan Chase Bank 5 5.17% $2,324
    FIRST CENTENNIAL MORTGAGE CORPORATION 5 4.20% $2,985
    Community Mortgage Banc Corporation 5 5.57% $3,047
    NORTHWEST BANK OF ROCKFORD 5 4.95% $2,615
    Wells Fargo Bank 5 4.73% $3,678
    CROSSCOUNTRY MORTGAGE, LLC 5 5.43% $6,273
    COMPEER FINANCIAL, FLCA 4 6.58% $3,213
    The Huntington National Bank 4 4.91% $2,887
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.75% $3,809
    LOANDEPOT.COM, LLC 4 4.72% $5,026
    Barrington Bank & Trust Company, N.A. 4 4.81% $3,973
    HOME POINT FINANCIAL CORPORATION 3 4.46% $3,511
    GUARANTEED RATE, INC. 3 5.71% $4,140
    ILLINOIS STATE CREDIT UNION 3 4.54% $2,586
    DUPACO COMMUNITY 2 4.81% $5,140
    Carrington Mortgage Services, LLC 2 5.88% $6,289
    DRAPER AND KRAMER MORTGAGE CORP. 2 4.25% $2,843
    First Federal Savings Bank 2 4.94% $832
    INLAND BANK & TRUST 2 5.81% $5,348
    LAKEVIEW LOAN SERVICING, LLC 2 5.00% $3,431
    Midland States Bank 2 5.44% $3,294
    Mortgage Research Center, LLC 2 5.00% $3,011
    Paramount Residential Mortgage Group, Inc. 2 5.06% $3,409
    PLANET HOME LENDING, LLC 2 4.56% $3,742
    PLAZA HOME MORTGAGE, INC. 2 4.00% $2,598
    PREMIA MORTGAGE, LLC 2 5.05% $3,819
    ROYAL UNITED MORTGAGE LLC 2 5.81% $6,883
    The Federal Savings Bank 2 5.88% $4,037
    LEADERONE FINANCIAL CORPORATION 1 3.88% $4,052
    LENDSURE MORTGAGE CORP. 1 7.38% $14,161
    Fifth Third Bank 1 4.63% $5,406
    MEMBER FIRST MORTGAGE, LLC 1 5.50% $4,240
    Bankers' Bank 1 6.25% $2,783
    COMMUNITYAMERICA 1 6.38% $2,578
    Midwest Heritage Bank FSB 1 5.63% $2,678
    MORTGAGE CENTER L.C 1 5.25% $2,235
    THRIVENT Federal Credit Union 1 3.75% $3,761
    Centennial Bank 1 6.50% $3,778
    M&T Bank 1 4.88% $4,843
    Mutual Federal Bank 1 5.50% $5,493
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.50% $4,296
    NEWREZ LLC 1 4.75% $3,403
    CALIBER HOME LOANS, INC. 1 3.85% $3,528
    Old Second National Bank 1 3.88% $2,897
    UNION HOME MORTGAGE CORP. 1 3.63% $2,275
    PENTAGON FEDERAL CREDIT UNION 1 3.13% $1,683
    PHH Mortgage Corporation 1 6.13% $5,751
    United Community Bank 1 6.10% $2,649
    Arvest Bank 1 5.50% $5,086
    University of Wisconsin Credit Union 1 4.50% $5,386
    BMO Harris Bank 1 4.75% $4,282
    Rock Valley Credit Union 1 5.83% $1,809
    Ally Bank 1 3.25% $1,980
    RUHL MORTGAGE, LLC 1 5.13% $2,747
    Servion, Inc. 1 6.50% $2,886
    Starion Bank 1 4.75% $3,198
    BETTER MORTGAGE CORPORATION 1 6.50% $2,322
    GUARANTEED RATE AFFINITY, LLC 1 3.99% $210
    Great Southern Bank 1 2.90% $4,612
    Heartland Bank and Trust Company 1 6.50% $3,364
    Flagstar Bank, FSB 1 4.50% $4,295
    Illinois Community Credit Unio 1 5.06% $2,633
    First Midwest Bank 1 3.88% $3,234
    Summit Credit Union 1 6.88% $2,435
    FINANCIAL PLUS 1 3.90% $1,805
    KELLER MORTGAGE, LLC 1 5.63% $2,942
    ALLIED MORTGAGE GROUP, INC. 1 6.13% $1,954

    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. Louis
    Date 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 for 2023-08-01 was $239,900, a difference of $14,940 (6.6%) versus the prior year and $20,950 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-08-01 was 0 days.

    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.