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
426 Nimitz Avenue, State College
Spring is in the air, the birds are chirping. Soon all the flowering shrubs and blooming plants surrounding this home will be in full blossom! Mid-Century Modern with gleaming hardwood floors and as abundance of warm sunlight grace this quality built home. Two options for your owner's suite, one on the main floor or for a decadent owner's retreat, the entire second floor can be your own private in home getaway. The second floor is a must see area with warming and charming, tongue and groove on walls, cedar ceilings and floors, so many possibilities in this inviting space. The lower level boast a corner fireplace in the rec room, fully bath and two additional rooms ideal for home offices or bedrooms. One room even has a kitchenette and it's own entrance to the outside, think in-law-suite, possible airbnb if home is owner...
Open Houses - Sunday, January 23rd in Bellefonte & 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, January 23rd:
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.
129 Tussey Meadow Lane, Centre Hall
Secluded yet close to everything! This stunning meticulously cared for original owner home features 5 bedrooms and 3.5 baths, 3 car garage on a private 3.77 acre lot! Just a short 10 minute drive to Boalsburg/State College yet offers an abundance of privacy! Step into a 2-story foyer that opens to a recently renovated "Pure Dimensions" kitchen with Bali Bamboo flooring and Quartz tops. Step into a vaulted great room measuring 35x14 and relax by either of the twin gas fireplaces and an additional bonus living room, office, large mud room are just the beginning to this well thought out expansive floor plan. The 2nd floor features 4 guest bedrooms with large closets one featuring a guest en suite and then a 5th massive owners suite with a large WIC. Outside take in the views of the rolling...
706 Brookside Drive - Boalsburg
Nestled in the heart of Boalsburg, discover this cozy one-story home in State College school district. This newly remodeled ranch features tons of amenities, including an owner's suite with private porch, bright and beautiful living room with sliding door to patio and backyard, and beautiful new vinyl flooring throughout. A home that has everything you need! Complete with 2 remodeled bathrooms, kitchen, and laundry room. Set off the main road allowing you to enjoy your yard space, it also includes a spacious driveway and one car garage with ample storage space. This redone home feels new and clean with an open and spacious floorplan. Schedule today!
Call KBB at 814-234-4000 to schedule a private showing!
View homes for sale in ...
5 Centre County School Districts'* Active Residential Listings as of April 12, 2020:
Average List Price of Active Listings: $366,865
Average Days on Market of Active Listings: 120
Residential Sales Activity April 4 - April 10, 2021
|New Listings: 54
Other SD: 10
Average List Price: $342,854
Pended Listings: 36
Bellefonte SD: 5
Other SD: 6
Average List Price: $309,856
Average Days on Market: 26
|Closed Listings: 17
Bellefonte SD: 7
Other SD: 2
Average List Price: $310,930
Average Days on Market: 67
1884 Autumnwood Drive, State College
A Foxpointe charmer that has been meticulously maintained. The spacious and open ground floor features hardwood throughout, an updated eat in kitchen, and a convenient sliding door to a pristine flat fenced in yard. The upper floor hosts three bedrooms and a large owners suite. The laundry is made easy with its second-floor location. The lower level is unfinished and presents a number of options. You'll love the bright open spaces inside this home as well as comfortable outdoor relaxing and entertaining areas. Enjoy all things Foxpointe, with parks, walking paths and close proximity to PSU and downtown State College
Call KBB at 814-234-4000 to schedule a private showing!
View homes for sale in State College:
1227 S Garner Street, State College
OPEN HOUSE - Sunday, Mar 28th, 11:00 AM - 1:00 PM. Incredible Location & Opportunity in State College Borough close to PSU & Downtown. This updated ranch home can be so many things! Two living spaces in one home provides for a multitude of options. Plenty of living space on the main floor w/ owner's bedroom, 2 other spacious bedrooms 1 full & 1 half bath, Huge newly remodeled living room w/fireplace, dining room w/ extra office area & remodeled kitchen all with an open concept. The fully updated & finished walkout lower-level w/ natural light features a spacious open living room, kitchen & office area. One bedroom & one full bath & access to the huge laundry/storage area. One car attached garage, central air, updated efficient gas heat, nice yard with screened in...