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Mortgage Rates
 4.375 % - 30 yr average
Interest rates holding steady!
How long will rates remain this LOW?
This Months Market Activity
Monroe New Bungalow - 4 Bdr, over 1,750sqft, Great Condition - $79,900
Monroe New 2 Story - 4 Bdr, 2 Bth, over 3,100sqft, 2 Car - $225,000
Monroe New 2 Story - 4 Acres, 4 Bdr, 2 Bth, 2 Car, over 2,400sqft - $244,900
Blanchardville New Ranch - 15 Acres, 3 Bdr, 2 Bth - $190,000
Monroe New Building Site - Convenient Location - $19,900
Monroe New Price - Ranch, 2 Bdr, 2 Bth, Updated - $118,900
Blanchardville New Price - 4 Acres, 3 Bdr, 2.5 Bth, over 3,600sqft - $395,000
Freeport New Tri-Level - 4 Bdr, 1.5 Bth, 2 Car, Lg Corner Lot - $53,000
Forreston Schools New 2 Story - 3 Bdr, 1.5 Bth, 2 Car + - $89,000
Stillman Valley Schools New Split Level - 12 Acres, 3 Bdr, 3 Bth - $244,900
LeWin Schools New Price - 3 Bdr, Charming & Remodeled - $59,900
Lake Carroll New Price - 2 Acre Building Site - $39,900
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Freeport, IL Real Estate Videos
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June Home Sales
Freeport 25 avg $92,796 avg 157 days on mkt
Galena 10 avg $212,386 avg 157 days on mkt
Rockford 140 avg $96,376 avg 106 days on mkt
Monroe 15 avg $125,046 avg 104 days on mkt
Janesville 77 avg $126,136 avg 95 days on mkt
June Homes New to the Market
Freeport IL homes - view all 39
Monroe WI homes - view all 23
Janesville WI homes - view all 133
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Tax Credit Extension
Did you find a house and have an accepted offer by April 30th? If so you now have until Sept 30th to close. For further information contact a Realtor or Lender today.
Wisconsin Home Sales Up
Overall home sales are up in Wisconsin's Rock County. New construction remains slow. Even after tax credit expiration the market continues...
Wisconsin Home Prices Rise
With federal tax credits lifting home sales, the latest city home price index rose .8% in April, the first gain in seven months. 18 of 20 cities posted higher prices from a month earlier, with only Miami and New York recording declines. Some of the nations top cities topped the index at each reporting jumps of 2% or more.
Flood Insurance Program Reinstated
Senate passed the National Flood Insurance Program Extension Act of 2010, an extension until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period.
Fannie Mae Increases Penalties for Defaulters
Fannie Mae will increase penalties against borrowers who walk away from their mortgage when they have the ability to pay or haven't completed a workout alternative in good faith. Those defaulters will be inelgible for a Fannie Mae backed loan for seven (7) years.
EPA Delays Lead Based Paint Enforcement
New Lead Based Paint Rules regarding renovations and repairs went into effect in April, but with renovators having difficulties getting the required certification training, the US EPA has delayed enforcement until October of 2010.
Mortgage Bond Boom Drives Rates Down
Residential mortgage bonds backed by the US government have become a safe haven for insvestors again, helping to drive mortgage rates to record lows. The average interest on a 30 yr fixed loan fell this week to 4.58%, reports Freddie Mac. Relatively few home owners are refinancing at the bargain rates, however, in large part because many eligible borrowers did so when rates were almost as low last year.
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Aubra Palermo
Jackie Heinen
Nic Dearth
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Prudential Midwest, REALTORS in Freeport, IL
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Hope you had a Wonderful 4th!
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