Rochelle Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rochelle averaged
6.54%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.67% and
one month ago for the week of 2023-02-09, the
average rate was 6.16%.
Rochelle's average rate one year ago was 4.19%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.74%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Rochelle 30 Year Fixed Rate | 2023-03-16 | 6.54% |
Rochelle 30 Year Fixed Rate Refi | 2023-03-16 | 6.74% |
Rochelle 15 Year Fixed Rate | 2023-03-16 | 6.24% |
Rochelle 15 Year Fixed Rate Refi | 2023-03-16 | 5.99% |
Rochelle 30 Year FHA | 2023-03-16 | 6.75% |
Rochelle 30 Year FHA Refi | 2023-03-16 | 6.47% |
Rochelle 30 Year USDA | 2023-03-16 | 6.8% |
Rochelle 30 Year USDA Refi | 2023-03-16 | 3.22% |
Rochelle 30 Year VA | 2023-03-16 | 6.12% |
Rochelle 30 Year VA Refi | 2023-03-16 | 6.29% |
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 97 lenders originated 1,828
loans during 2021. The total origination value was $286,410,000, with an average loan value of
$156,679.
Rochelle's average closing costs are $3,733.
The top Rochelle lender as defined by loan originations is Byron Bank, with
71 loans originated. Their average total fees are
$1,761, which is $94
lower than the next largest lender,
Stillman BancCorp N.A..
The lowest fee Rochelle lenders (with over 10 loans originated) are
Byron Bank ($1,761), Central Bank Illinois ($1,793), Stillman BancCorp N.A. ($1,855), JPMorgan Chase Bank ($1,884) and U.S. Bank ($2,209).
The lowest rate Rochelle lenders (with over 10 loans originated) are
First State Bank (2.99%), Midwest Community Bank (3.07%), GUARANTEED RATE, INC. (3.08%), U.S. Bank (3.11%) and QUICKEN LOANS, LLC (3.16%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Holcomb Bank | $35,955,000 | $26,455,000 | -26.4% | 9.2% |
Stillman BancCorp N.A. | $48,690,000 | $23,240,000 | -52.3% | 8.1% |
Byron Bank | $54,305,000 | $21,955,000 | -59.6% | 7.7% |
QUICKEN LOANS, LLC | $13,985,000 | $19,275,000 | 37.8% | 6.7% |
Central Bank Illinois | $26,205,000 | $12,935,000 | -50.6% | 4.5% |
Union Savings Bank | $14,550,000 | $9,400,000 | -35.4% | 3.3% |
Midwest Community Bank | $9,265,000 | $8,670,000 | -6.4% | 3.0% |
ENVOY MORTGAGE, LTD | $9,520,000 | $8,390,000 | -11.9% | 2.9% |
First State Bank | $12,545,000 | $6,340,000 | -49.5% | 2.2% |
Mortgage Research Center, LLC | $4,245,000 | $5,550,000 | 30.7% | 1.9% |
Mr. Cooper ( Nationstar Mortgage ) | $3,320,000 | $5,545,000 | 67.0% | 1.9% |
First Bankers Trust Company | $5,210,000 | n/a | 1.8% | |
Blackhawk Bank | $5,390,000 | $5,165,000 | -4.2% | 1.8% |
First National Bank of Omaha | $5,170,000 | $4,920,000 | -4.8% | 1.7% |
FREEDOM MORTGAGE CORPORATION | $4,125,000 | $4,920,000 | 19.3% | 1.7% |
U.S. Bank | $3,195,000 | $4,830,000 | 51.2% | 1.7% |
LOANDEPOT.COM, LLC | $2,105,000 | $3,960,000 | 88.1% | 1.4% |
GUARANTEED RATE, INC. | $3,140,000 | $3,850,000 | 22.6% | 1.3% |
CALIBER HOME LOANS, INC. | $1,910,000 | $3,670,000 | 92.1% | 1.3% |
FINANCE OF AMERICA MORTGAGE LLC | $3,525,000 | $3,635,000 | 3.1% | 1.3% |
River Bank | $3,460,000 | n/a | 1.2% | |
Wells Fargo Bank | $2,425,000 | $3,295,000 | 35.9% | 1.2% |
COMPEER FINANCIAL, FLCA | $2,635,000 | $3,015,000 | 14.4% | 1.1% |
CROSSCOUNTRY MORTGAGE, LLC | $875,000 | $2,625,000 | 200.0% | 0.9% |
UNITED WHOLESALE MORTGAGE, LLC | $1,475,000 | $2,505,000 | 69.8% | 0.9% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $2,675,000 | $2,340,000 | -12.5% | 0.8% |
Midland States Bank | $3,880,000 | $2,130,000 | -45.1% | 0.7% |
Community Mortgage Banc Corporation | $2,865,000 | $2,110,000 | -26.4% | 0.7% |
Sauk Valley Bank & Trust Company | $12,225,000 | $2,015,000 | -83.5% | 0.7% |
INLAND BANK & TRUST | $695,000 | $2,010,000 | 189.2% | 0.7% |
JPMorgan Chase Bank | $1,075,000 | $1,935,000 | 80.0% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $910,000 | $1,895,000 | 108.2% | 0.7% |
First Federal Bank | $1,120,000 | $1,840,000 | 64.3% | 0.6% |
Flanagan State Bank | $2,350,000 | $1,790,000 | -23.8% | 0.6% |
FIRST NORTHERN Credit Union | $2,070,000 | $1,780,000 | -14.0% | 0.6% |
Barrington Bank & Trust Company, N.A. | $2,300,000 | $1,770,000 | -23.0% | 0.6% |
COMPASS MORTGAGE, INC. | $2,665,000 | $1,750,000 | -34.3% | 0.6% |
HOME POINT FINANCIAL CORPORATION | $1,040,000 | $1,725,000 | 65.9% | 0.6% |
Old Second National Bank | $1,015,000 | $1,710,000 | 68.5% | 0.6% |
DRAPER AND KRAMER MORTGAGE CORP. | $760,000 | $1,660,000 | 118.4% | 0.6% |
PNC Bank | $920,000 | $1,640,000 | 78.3% | 0.6% |
The Harvard State Bank | $4,175,000 | $1,630,000 | -61.0% | 0.6% |
MUTUAL OF OMAHA MORTGAGE, INC. | $680,000 | $1,440,000 | 111.8% | 0.5% |
NORTHWEST BANK OF ROCKFORD | $3,595,000 | $1,430,000 | -60.2% | 0.5% |
ACADEMY MORTGAGE CORPORATION | $3,085,000 | $1,370,000 | -55.6% | 0.5% |
LAKEVIEW LOAN SERVICING, LLC | $565,000 | $1,290,000 | 128.3% | 0.5% |
Rock Valley Credit Union | $2,620,000 | $1,255,000 | -52.1% | 0.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,825,000 | $1,205,000 | -34.0% | 0.4% |
Plains Commerce Bank | $1,150,000 | $1,195,000 | 3.9% | 0.4% |
The Federal Savings Bank | $915,000 | $1,150,000 | 25.7% | 0.4% |
NEWREZ LLC | $480,000 | $1,110,000 | 131.3% | 0.4% |
USAA Federal Savings Bank | $1,330,000 | $1,070,000 | -19.5% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $735,000 | $1,055,000 | 43.5% | 0.4% |
NAVY FEDERAL CREDIT UNION | $725,000 | $965,000 | 33.1% | 0.3% |
FIRST STATE MORTGAGE SERVICES, LLC | $105,000 | $905,000 | 761.9% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $870,000 | $895,000 | 2.9% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $115,000 | $885,000 | 669.6% | 0.3% |
First Midwest Bank | $325,000 | $885,000 | 172.3% | 0.3% |
HOMESIDE FINANCIAL, LLC | $1,350,000 | $880,000 | -34.8% | 0.3% |
The Huntington National Bank | $190,000 | $875,000 | 360.5% | 0.3% |
United Community Bank | $280,000 | $835,000 | 198.2% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $820,000 | n/a | 0.3% | |
BMO Harris Bank | $925,000 | $800,000 | -13.5% | 0.3% |
PLANET HOME LENDING, LLC | $470,000 | $780,000 | 66.0% | 0.3% |
Farmers National Bank | $605,000 | $775,000 | 28.1% | 0.3% |
BETTER MORTGAGE CORPORATION | $125,000 | $765,000 | 512.0% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $580,000 | $760,000 | 31.0% | 0.3% |
BLUELEAF LENDING, LLC | $220,000 | $745,000 | 238.6% | 0.3% |
Associated Bank | $1,790,000 | $710,000 | -60.3% | 0.2% |
Carrington Mortgage Services, LLC | $580,000 | $680,000 | 17.2% | 0.2% |
The First National Bank and Trust Company | $850,000 | $625,000 | -26.5% | 0.2% |
Home State Bank | $290,000 | $605,000 | 108.6% | 0.2% |
North American Savings Bank, F.S.B. | $600,000 | n/a | 0.2% | |
AMERICAN FINANCIAL NETWORK, INC. | $580,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $265,000 | $575,000 | 117.0% | 0.2% |
Deere Employees Credit Union | $200,000 | $555,000 | 177.5% | 0.2% |
Fifth Third Bank | $1,045,000 | $550,000 | -47.4% | 0.2% |
Neighborhood Loans, Inc. | $340,000 | $545,000 | 60.3% | 0.2% |
Bank of America | $735,000 | $530,000 | -27.9% | 0.2% |
FLAT BRANCH MORTGAGE, INC. | $465,000 | $530,000 | 14.0% | 0.2% |
Key Mortgage Services, Inc. | $305,000 | $530,000 | 73.8% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $225,000 | $510,000 | 126.7% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $475,000 | n/a | 0.2% | |
INLANTA MORTGAGE, INC. | $390,000 | $475,000 | 21.8% | 0.2% |
Wyndham Capital Mortgage, Inc. | $470,000 | n/a | 0.2% | |
BROKER SOLUTIONS, INC. | $290,000 | $465,000 | 60.3% | 0.2% |
KS StateBank | $425,000 | n/a | 0.1% | |
SUMMIT FUNDING, INC. | $425,000 | n/a | 0.1% | |
Truist Bank | $185,000 | $405,000 | 118.9% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $215,000 | $400,000 | 86.0% | 0.1% |
Illinois Bank & Trust | $395,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $95,000 | $390,000 | 310.5% | 0.1% |
Platinum Home Mortgage Corporation | $675,000 | $390,000 | -42.2% | 0.1% |
CMG MORTGAGE, INC. | $370,000 | n/a | 0.1% | |
First Community Credit Union | $335,000 | n/a | 0.1% | |
ARC HOME LLC | $330,000 | n/a | 0.1% | |
Peoples Bank | $315,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $185,000 | $300,000 | 62.2% | 0.1% |
Citizens Bank | $85,000 | $290,000 | 241.2% | 0.1% |
Resource Bank, N.A. | $290,000 | n/a | 0.1% | |
DUPACO COMMUNITY | $360,000 | $285,000 | -20.8% | 0.1% |
MOVEMENT MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
PREMIA MORTGAGE, LLC | $205,000 | $285,000 | 39.0% | 0.1% |
InterContinental Capital Group, Inc | $135,000 | $280,000 | 107.4% | 0.1% |
Equity Prime Mortgage LLC | $195,000 | $270,000 | 38.5% | 0.1% |
NETWORK CAPITAL FUNDING CORPORATION | $270,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $265,000 | n/a | 0.1% | |
Rockford Bell Credit Union | $265,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $210,000 | $235,000 | 11.9% | 0.1% |
PARKSIDE LENDING, LLC | $115,000 | $235,000 | 104.3% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $125,000 | $230,000 | 84.0% | 0.1% |
First Option Mortgage, LLC | $225,000 | n/a | 0.1% | |
PROPER RATE, LLC | $225,000 | n/a | 0.1% | |
The Greenwood's State Bank | $220,000 | n/a | 0.1% | |
Bank of England | $215,000 | n/a | 0.1% | |
NP, Inc. | $165,000 | $205,000 | 24.2% | 0.1% |
BAY EQUITY LLC | $570,000 | $195,000 | -65.8% | 0.1% |
Credit Union 1 | $195,000 | n/a | 0.1% | |
FirstBank | $195,000 | n/a | 0.1% | |
Mutual Federal Bank | $95,000 | $195,000 | 105.3% | 0.1% |
NEW DAY FINANCIAL, LLC | $365,000 | $195,000 | -46.6% | 0.1% |
TBK BANK, SSB | $195,000 | n/a | 0.1% | |
The Home Loan Expert LLC | $195,000 | n/a | 0.1% | |
V.I.P. MORTGAGE, INC. | $195,000 | n/a | 0.1% | |
Manufacturers and Traders Trust Company | $115,000 | $190,000 | 65.2% | 0.1% |
Bankers' Bank | $185,000 | n/a | 0.1% | |
CBI Bank & Trust | $185,000 | n/a | 0.1% | |
United Fidelity Funding Corp. | $185,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $175,000 | n/a | 0.1% | |
MORTGAGE CENTER L.C | $175,000 | n/a | 0.1% | |
Town & Country Banc Mortgage Services, Inc. | $845,000 | $175,000 | -79.3% | 0.1% |
City Bank | $165,000 | n/a | 0.1% | |
VAN DYK MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $310,000 | $155,000 | -50.0% | 0.1% |
AmeriHome Mortgage Company, LLC | $155,000 | n/a | 0.1% | |
Arvest Bank | $155,000 | n/a | 0.1% | |
CHERRY CREEK MORTGAGE, LLC | $445,000 | $155,000 | -65.2% | 0.1% |
HOMESTAR FINANCIAL CORPORATION | $125,000 | $155,000 | 24.0% | 0.1% |
LENOX FINANCIAL MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
Magnolia Bank | $215,000 | $155,000 | -27.9% | 0.1% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $145,000 | $145,000 | 0.0% | 0.1% |
OCMBC, INC. | $105,000 | $145,000 | 38.1% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $260,000 | $145,000 | -44.2% | 0.1% |
VILLAGE CAPITAL & INVESTMENT LLC | $145,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $135,000 | n/a | 0.0% | |
First Savings Bank | $475,000 | $135,000 | -71.6% | 0.0% |
Low VA Rates, LLC | $220,000 | $135,000 | -38.6% | 0.0% |
Allied First Bank,sb | $215,000 | $130,000 | -39.5% | 0.0% |
ILLINOIS STATE CREDIT UNION | $130,000 | $115,000 | -11.5% | 0.0% |
Lakeview Community Capital, LLC | $115,000 | n/a | 0.0% | |
Providence Bank & Trust | $115,000 | n/a | 0.0% | |
SUCCESS MORTGAGE PARTNERS, INC. | $115,000 | n/a | 0.0% | |
AMERICAN INTERNET MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
CITIZENS EQUITY FIRST | $105,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $105,000 | n/a | 0.0% | |
Johnson Bank | $95,000 | n/a | 0.0% | |
Merchants Bank of Indiana | $95,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $180,000 | $85,000 | -52.8% | 0.0% |
Baxter Credit Union | $145,000 | $75,000 | -48.3% | 0.0% |
Citibank | $65,000 | n/a | 0.0% | |
Goldwater Bank, N.A. | $65,000 | n/a | 0.0% | |
Discover Bank | $100,000 | $45,000 | -55.0% | 0.0% |
Rochelle's top lender by overall market share is Holcomb Bank, with 9.2% market share. In second place, with 8.1%, is Stillman BancCorp N.A., having originated $23,240,000 in loans. In third place, with 7.7%, is Byron Bank, having originated $21,955,000 in loans. In fourth place, with 6.7%, is QUICKEN LOANS, LLC, having originated $19,275,000 in loans. In fifth place, with 4.5%, is Central Bank Illinois, having originated $12,935,000 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 | $188,400 (9.3%) | $238,004 (17.8%) | 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 (-5.2%) | $230,431 (-3.2%) | 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%) | $281,664 (19.6%) | 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 (25.4%) | 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 |
Rochelle's median listing price comes in at 0% of the national average.
Rochelle's average listing price for 2023-02-01 was $271,697, a difference of $-88,901 (-24.7%) versus the prior year and $7,563 versus the prior month.
For the 2023-02-01 period, Rochelle had 62 MLS listings, a difference of -5 listings (-7%) versus the prior month and 1 listings (2%) 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 | 1,810 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 | 1,550 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 | 1,830 sqft |
Rochelle's median square footage for active listings during the 2023-02-01 period was 1,830 sqft. One year prior, the average listing was 1,678 sqft.
Rochelle, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 785 | $137,235,000 | $174,822 |
Refi | 684 | $98,750,000 | $144,371 |
Cash Out Refi | 314 | $45,720,000 | $145,605 |
Other | 26 | $2,510,000 | $96,538 |
Home Improvement | 19 | $2,195,000 | $115,526 |
Rochelle's most frequently cited loan purpose was Home Purchase, with 785 originations. The 2nd most popular reason was Refi, with 684 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 579 | $92,255,000 | $159,335 |
2.5-3% | 543 | $90,265,000 | $166,234 |
<2.5% | 333 | $49,005,000 | $147,162 |
4-5% | 72 | $9,980,000 | $138,611 |
5-6% | 8 | $430,000 | $53,750 |
6-7% | 4 | $130,000 | $32,500 |
7-8% | 2 | $60,000 | $30,000 |
Over 8% | 2 | $60,000 | $30,000 |
During 2021, Rochelle's most frequently originated rate bucket was 3-4%, with 579 originations.
Loan Sizing (Rochelle, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 958 | $137,590,000 | $143,622 |
$100,000 or less | 474 | $33,640,000 | $70,970 |
$200k-400k | 362 | $91,830,000 | $253,674 |
$400k-600k | 30 | $14,150,000 | $471,667 |
$Over $1MM | 3 | $8,215,000 | $2,738,333 |
$600k-1000k | 1 | $985,000 | $985,000 |
Rochelle's loan sizing saw the bucket of loans from $100k-200k with 958 originations, totaling $137,590,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 663 | $117,235,000 | $176,825 |
60-80% | 551 | $86,305,000 | $156,633 |
40-60% | 167 | $19,845,000 | $118,832 |
20-40% | 65 | $5,345,000 | $82,231 |
Under 20% | 36 | $2,350,000 | $65,278 |
Over 100% | 13 | $2,955,000 | $227,308 |
Rochelle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 663 originations, totaling $117,235,000 in origination value.