Mortgage Rates Rising Again?

In this episode, Eddie Ruettiger and Nancy Vallee with EXIT Real Estate Specialists break down what’s really happening in today’s housing market and what it means for buyers and sellers right now. Mortgage rates are on the move again, and everyone is asking the same question: Where do we go from here? We talk about why many are calling the 5% range the “magic number,” but more importantly, why you still need to run the numbers for your specific situation. We also dive into the local market right here in Will County, including a detailed look at recent sales data in Elwood, IL. Plus, we discuss a major trend—single women now owning more homes than ever before—and what’s driving that shift. There’s also a lot of noise about a potential foreclosure wave… but is it real or just headlines? We break it down so you know what to actually watch for. And if you’re wondering where the buyers are, they’re still out there. In fact, we currently have active buyers looking for homes right now. But at the same time, we’re seeing more buyers walking away from deals, and we explain exactly why that’s happening. If you're thinking about buying or selling, this is a must-watch to understand today’s market conditions and how to navigate them. 📲 Have questions or thinking about making a move? Reach out anytime—we’re here to help. #RealEstate #HousingMarket #MortgageRates #InterestRates #HomeBuying #HomeSelling #RealEstateTips #MarketUpdate #WillCountyRealEstate #IllinoisRealEstate #ElwoodIL #FirstTimeHomeBuyer #HomeOwnership #RealEstateInvesting #HousingTrends #Foreclosure #RealEstateNews #BuyersMarket #SellersMarket #EXITRealEstate #EddieRuettiger #NancyVallee #LocalMarketUpdate #RealtorLife #HomesForSale Chapters 00:00 Mortgage Rates Are Climbing Again – What It Means 09:55 The “5% Rule” – Why You Still Need to Run the Numbers 16:09 Eddie’s Take: The Current Housing Market in Will County 19:36 Single Women Are Dominating Homeownership 22:46 Elwood, IL Market Breakdown – Latest Sales Data 30:27 Is a Foreclosure Wave Coming or Not? 37:10 We have buyers 44:05 Why Buyers Are Walking Away From Deals