BUYERS Rejoice as Rates Hit 12 Month Lows What Does it Mean for You?

It’s Fed Day, and we’re breaking down the biggest rate drop in a year and what it means for the housing market. We’ll cover short-term benchmarks, why long-term rates are already at 12-month lows, and what’s happening in Joliet’s sales data. Plus, we’ll talk about the challenges of buying and selling a home at the same time, highlight a featured property at 2307 WoodHill Ct in Plainfield, and explore why builder incentives are hitting a 5-year high.

#FedDay #InterestRates #MortgageRates #HousingMarket #RealEstateUpdate #HomeBuying #HomeSelling #PlainfieldIL #JolietIL #BuilderIncentives #RealEstateInvesting #MarketTrends #GetRealWithEddie

Chapters

00:00:00 It's Fed Day
00:06:58 Rates Just Saw Biggest Rate Drop in a Year
00:14:40 What Is the Short-Term Benchmark
00:16:20 Long Term Rates Are Already at 12 Month Lows
00:19:45 Sales Data Joliet IL
00:28:27 Buying and Selling a Home at the Same Time
00:36:15 2307 WoodHill Ct, Plainfield IL
00:43:41 Builder Incentives at a 5 Year High