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.
5 Centre County School Districts'* Active Residential Listings as of May 9, 2022: 121
Average List Price of Active Listings: $437,540
Average Days on Market of Active Listings: 72
|New Listings: 50
Other SD: 9
Average List Price: $381,040
Pended Listings: 44
Bellefonte SD: 8
Other SD: 6
Average List Price: $342,893
Average Days on Market: 16
|Closed Listings: 52
Bellefonte SD: 9
Other SD: 8
Average List Price: $407,144
Average Days on Market: 10
Data Source: CCAR MLS May 9, 2022
2076 Chelsea Lane, State College
The blooming star magnolia greets you at 2076 Chelsea Lane. Whether you're just starting out or ready for simplicity, you'll be right at home in this sweet 3 bed, 2 full bath split entry home featuring new LVT flooring, a finished lower level, one car garage, newer heat pump and central air, radon mitigation, and fresh paint throughout. You'll appreciate the open concept living room/dining room with aesthetically pleasing brick/wood mantle, large windows, and sliding door to the back deck. Dinner prep will be a breeze in the nicely appointed kitchen with wood cabinetry, stylish island/sideboard, tile floors, and SS appliances. The primary bedroom features a walk-in closet with built in storage system. Enjoy the updated baths with lovely flooring, new vanities, and light fixtures. Space for movie nights and craft...
Have you ever binge watched episodes of Shark Tank? Do you wonder what it would really be like to pitch your idea to investors who could truly change your life? Are you someone who has a tech solution or product you want to turn into a business?
While State College may not have Mr. Wonderful, we do have a wonderful organization, with a local office that has helped startups throughout Central Pennsylvania.
Ben Franklin Technology PArtners (BFTP) may be exactly what you are looking for to take your product and ideas to the next level. This award-winning organization has been part of the state’s plan for economic development for over 30 years by funding and providing resources to technology-based entrepreneurs, software developers, and small manufacturers
If you are still early in the development stages of your business or product, and close to State College, the BF TechCelerator @ State College could be the perfect,...
Open Houses - Sunday, February 6th in State College
You want to preview homes ... feel the flow of the floor plan; gaze off the porch at spectacular views; find the storage you need; image yourself living in the home. Our sellers invite you to do this and more at their open houses. Come in ... you are welcome to ask questions and walk through to see if their home could be your new home! Find them all here ...
Call KBB at 814-238-8080 to see ANY home that's for sale or email email@example.com.
Open Houses this Sunday, February 6th:
805 Stratford Drive, State College
Check out this fantastic end unit in Amitie I! Close to PSU and amenities, this charming property features a full bedroom and bath on each floor, and an additional room that could be used as office space or spare room. Relax in your open floor living room with a cozy wood stove, or enjoy the views from the balcony patio. The unit also comes with an additional storage space within the building complex and permits for two parking spaces. Excellent for those who like simple living, or a great getaway! Call KBB at 814-238-8080 to see ANY home that's for sale or email firstname.lastname@example.org.
491 Hawknest Road, State College
Looking for a home with a lot of natural light? Look no further. This 2-story home in the desirable Landings neighborhood would be perfect for you. This home offers 4 bedrooms and 2.5 baths, an eat-in kitchen with island and plenty of cabinets, large family room, and separate dining room. The 2nd floor has an owner's suite with large bathroom and walk-in closet, three more spacious bedrooms, and laundry. Home has been freshly painted throughout. Other features include: large 2-car garage, unfinished basement can expand your living space, minutes from the heart of State College, and walking distance to Haymarket Park path. This is a home you won't want to miss! Call KBB at 814-238-8080 to see ANY home that's for sale or email email@example.com.
147 Bilberry Circle, Bellefonte| Homes for sale in Bellefonte, PA
One floor living at its finest. Impeccable construction with poured concrete walls with extended block walls to roof line for additional sound barrier. Handicap accessible, fireplace, deck and spectacular views. Under construction and photos from previous unit.
Call KBB at 814-238-8080 to schedule a private showing!
120 Fernleaf Court, State College
Stearns Crossing stunner! Don't miss your chance to own this beautiful GEM built home on a cozy cul-de-sac. Many recent updates including fresh paint throughout and new carpet upstairs. The first floor boasts hardwood floors with a large open family room and living room, perfect for entertaining. You'll love the tastefully decorated formal dining area with lovely crown molding and wainscoting. Delightful kitchen featuring cherry cabinets, Bosch appliances and a large pantry. Mudroom/laundry room off the kitchen complete with built-ins and exterior door which leads out to a fabulous fenced-in backyard and in-ground pool! With all patio furniture and pool supplies included, you'll need to do nothing but relax by the water. Custom iron and stainless railings lead upstairs to a spacious owner's suite. An extra wide hallway leads...
KBB REALTORS: Don Ferrell
Quite simply, it’s all about you! My focus is earning your trust and building a relationship that's comfortable for you through truly listening, communicating every step of the way, and always protecting your interests. I want to be your agent for life, and if so lucky, a new friend as well!
I bring my passion and high energy, along with 40+ years as a resident of Happy Valley including 25+ years at PSU, and the top Brokerage in our area with me to every client relationship I take on, and I am ready to provide you with the low stress, friendly, personalized and professional service that you want and deserve.
Learn more about Don below:
1. Why Real Estate?
Honestly because I love talking to, working with, and helping people. I believe that my personality makes people feel comfortable and I can help take some of the stress...