Central PA real estate

Lender Outlook - May 2022

Lender Outlook - May 2022

Over the last six months, interest rates have risen sharply. We’re often asked if paying points to lower the interest rate is a good idea.

What are points?

Mortgage Points are fees that the borrower can pay in order to lower the interest rate. One point is 1% of the loan amount and generally reduces the interest rate by .25%. With a loan amount of $300,000, 1% would cost $3,000 and if the interest rate was 5%, it would be reduced to 4.75% by paying points.

For a $300,000 loan amount at a 30-year fixed rate mortgage, below is a breakdown of how much interest the borrower would pay over the 30-year life of the loan. And, the difference in monthly payment.


  Interest Rate

231 Elm Road - Moshannon

231 Elm Road, Moshannon

Perfect home for your horses and workshop. This 3 bedroom 2 full bath home is on 10.12 acres. Fenced in and ready for your farmette or horses. Fantastic deck surrounds most of the home and overlooks the land. The lower level has a 2 car garage with plenty of space for all your tools. There is an additonal 3 plus bay Lean-to shed for additional vehicles and storage and a detached 1 car garage. The house has a newer metal roof and a new concrete walkway. The outdoor furnace provides multiple sources of heat. Central air and a large sunroom. Call KBB at 814-234-4000 to see ANY home that's for sale or email realty@1kbb.com. Take a tour of this listing: 231...

426 Brandywine Drive- State College

426 Brandywine Drive, State College

This gorgeous home was custom built by Randy Bachman and rests on a double lot in one of the most prestigious communities in all of State College, Canterbury Crossing. The Canterbury Crossing neighborhood is adjacent to the Centre Hills County Club Golf Course, has beautiful mountain views, has its own park at the entrance of the community (Crossing Park), and just four doors from this home and is a walk/bike path to Mt Nittany Middle and Elementary Schools (see map). This home at 426 Brandywine, is both magnificent and comfortable at the same time. The owner's bedroom suite is on the first floor and has three walk-in closets. Across the hall, you'll find the home office you've been searching for: spacious, bright, stately, and lined with built-in bookcases. The kitchen, living, family, and dining rooms are all well...

106 Hazel Street- Milesburg

106 Hazel Street, Milesburg

Enjoy this sweet home in the sweet town of Milesburg! Milesburg has a lot of great history! It's only 5 minutes from Historic Bellefonte, 15 minutes to State College, and 10 minutes to Sayers Dam in Howard. This house has a cozy comfy and solidly built feel to it. It flows so nicely! When entering in the back door, there is the convenience of a bathroom and laundry room. Then, walk through to the kitchen, living room and dining on the first floor. Upstairs you will find 3 bedrooms and a super dooper large bathroom! You'll love the 12' x 12' deck off the owner's room! There is also a nice walk-up attic with tons of storage space! Outside, there is a generous size garage with high ceilings and large doors - one bay is 10' x 12' and the other is 10' x 10'. It also has a walk-up storage area and could be turned into a living space. New...

280 W Whitehall Road - State College

280 W Whitehall Road, State College

Attractive 2-story home in the State College Area School District located on a private lot just minutes to downtown and PSU. This home is adjacent to open space and backs to the Oak Pointe development. Incredible space and openness on the first floor which includes: Large entryway; Huge office/den, Amazing kitchen with stainless appliances, big island for workspace, granite countertops and tile backsplash; wonderful and bright living room, Formal and open dining room and 1/2 bath complete the first floor. 2nd Floor boasts an Owner's suite with private bath and 2 walk in closets. 3 other nice size bedrooms, full hallway bath and laundry area. Full ready to be finished basement has a sidewalk out to the yard and high ceilings as well as great storage space. Oversized 2 car garage could almost fit 3 cars and has additional...

104 Forest Glen Circle- Port Matilda

104 Forest Glen Circle, Port Matilda

This wonderful Graysdale two story has everything that you are looking for in a property, both inside and outside. The main floor features Brazilian hardwood flooring in the dining room, an open family room/kitchen concept and updates throughout. The renovated kitchen features granite counter tops, SS appliances and a seamless flow. Easy back yard access allows owners to enjoy an amazing, large and flat outdoor space. With privacy and entertaining in mind, owners can enjoy exceptional hardscaping/landscaping by Lara Kauffman. The bright upper floor features new carpeting, 3 spacious bedrooms, and an office. The partially finished lower-level host an entertainment/gym area, 4th bedroom, a completely updated full bath and storage. This lovely home is close to parks, and minutes from schools, shopping and everything State...

110 Water Street- Centre Hall

110 Water Street, Centre Hall

Recently renovated home tucked away on a quiet and private street in charming Centre Hall. This home features a gorgeous and open kitchen that opens to a large living room space with a stacked stone fireplace. The lower level is bright and open with a walkout to the private large back yard. 2 nicely appointed first floor bedrooms and full bath. A staircase leads you up to a large finished bonus room. Call today for your private tour! Call KBB at 814-234-4000 to see ANY home that's for sale or email realty@1kbb.com. Take a tour of this listing 110 Water Street, Centre Hall today!


107 E Whitehall Road- State College

107 E Whitehall Road, State College

Built in 1872, this State College Borough residence is charming, updated, warm and comfortable. Discover a newer eat-in kitchen with stainless appliances and outstanding industrial range. Value two staircases; pretty hardwood floors; neutral paint colors; newer recessed lighting; stained glass accents and pleasing natural light. The main floor also offers a spacious dining room with cozy window seat, generous living room, pantry and convenient half bath. Ascend to the primary bedroom with private full bath and walk-in closet. Three additional bedrooms and full bath complete the second floor. Enjoy warmer weather months on the inviting covered front porch. New furnace in 2020; awnings; sweet corner lot; community parks nearby and campus/downtown are just a few blocks away. Call KBB at 814-238-8080 to see ANY home that's...

145 Exeter Lane- Bellefonte

145 Exeter Lane, Bellefonte

You will enjoy walking through the door of this well maintained and cozy townhome in the delightful Amberleigh community! The main level offers a welcoming entry way, 1 car garage, storage, walk out to backyard, and lower-level area that can easily be finished into additional square footage and includes a half bath plumbing rough in. Upstairs you will begin to envision your future in this home with a well thought out floorplan that provides a spacious kitchen, access to the rear deck, nice dining area, half bath, and a family room that provides great space for various furniture options. Upstairs is the owner's bedroom which provides vaulted ceilings, full bath, and a walk-in closet to finish off the owner's suite. You will also find 2 additional bedroom, full bathroom, and a convenient laundry closet. Outside you will enjoy the private deck, fire...

3523 S Atherton Street- State College

3523 S Atherton Street, State College

All the charm of a cape cod is perfectly captured at 3523 South Atherton Street in this darling 4 bed, 2 full bath home with a nicely sized backyard that borders a sweet parklet perfect for sunny picnics on warm days! You'll love the thoughtful touches throughout the home such as hardwood floors, shiplap ceilings with recessed lighting in the upper level, slate entry, and well-planned storage options. Culinary adventures await in the fun retro kitchen with island and open shelving. Find peace in the serene color palette and the nicely sized bedrooms with great natural light. Enjoy the fresh feel of the beautifully updated bathrooms and the harmonious design of a thoughtfully styled home. Additional space can be found in the lower-level family room and great unfinished area with laundry, radon mitigation, and stairs to the outside!...