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Harrisburg PA Mortgage Market Recap – October 3, 2016

by Don Roth

It’s Still Mostly Good

We thought that new-home sales would post a bit higher than they did. After all, home-builder sentiment has been on the rise and is at a multi-year high. What’s more, July saw a 12.4% surge in new-home sales to 654,000 units on an annualized rate.

Unfortunately, the momentum proved unsustainable, at least for August. New-home sales posted at 609,000 units on an annualized rate for the month. This is obviously quite a bit lower than July’s sales, and quite a bit lower than our expectations.

But taking a glass-half-full view, we see that August sales really aren’t all the disappointing, because the long-term trend remains up. Year over year, new-home sales are up 20.6%. Year to date, sales are up 13.3% compared to the same year-ago period.

New-home buyers are at least seeing more affordability. Prices have fallen in recent months, which points to builder discounting. The median price, at $284,000, is down 3.1% on the month and down 5.4% on the year. In addition to discounting, there are signs that more lower-priced new homes are hitting the market. This is an obvious positive for drawing more younger first-time buyers into the market.

Housing – new-housing activity, in particular – has been the one persistent and dependable growth engine in the U.S. economy. Paradoxically, housing’s strength could be another reason the Federal Reserve continues to postpone an interest-rate increase. The Fed doesn’t want to risk stalling the one engine that’s firing on all cylinders. Then again, if the U.S. economy is as strong as some of the Fed officials believe, then the housing engine should be able to endure higher interest rates without stalling.

As for the economy, it’s growing, but hardly at a gangbuster pace. Second-quarter gross domestic product (GDP) was revised up this week to 1.4% on an annualized rate.  From a historical perspective, 1.4% annual growth is just “okay.” The good news is that the economy saw an uptick in nonresidential investment and consumer spending. Whether that’s enough to turn Fed sentiment more hawkish on interest rates remains to be seen.

 Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Turn Pallets into Creative Home Décor Pieces

by Don Roth


WHY DO THIS?

Pallets are easy to find (just check out your local garden supply store) and even easier to repurpose! With a few nails and a can of paint, these wooden crates can be turned into beautiful wall art, bookshelves and even bed frames.

Safety Note: Before you fall in love with a pallet project, be aware that there can be some serious health and safety concerns associated with using pallets in the home. If you’re going to join the pallet trend, learn how to mitigate potential issues.

  1. Vertical garden. If you’re short on space, grow flowers on a repurposed pallet. All you need is an old pallet, screws, clamps and pots. Learn how to make a pallet garden in seven easy steps.
  2. Display photos. Tack up your pallets and then use them as shelves. You can display framed artbooks and any other knick-knack you deem living room worthy.
  3. Furniture. From a shabby chic headboard to a modern coffee table, pallets are popping up all over the interior design-o-sphere. If you aren’t really into the idea of a pallet as a headboard, check out this easy headboard upholstery option.
  4. Wall art. If you can’t find (or don’t want to shell out the dough for) a large art piece, repurpose an old pallet! You can choose your colors, words and patterns. Just grab some paint, a few brushes and let your creative juices flow.
  5. Animal bed. Instead of your pet snoozing on a large, unsightly cushion, incorporate their bed into your décor with pallets. Tip: Sand down the sharp edges!

Information provided by BrightNest.com.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

The Can Is Kicked Down the Road Once Again

by Don Roth

No one was surprised, really. The Federal Reserve again postponed an increase in the federal funds rate on Wednesday. The range remains at 0.25%-to-0.50%, where it has been all year.

Interest rates didn’t move much on the Fed announcement, because the announcement was anticipated. The yield on the 10-year U.S. Treasury note held near a recently established higher range at around 1.65%. Mortgage rates held much the same. Quotes around 3.5% on a 30-year fixed-rated conventional loan have been the norm since early last week.

A few eyebrows were raised because three of the 12 Fed officials voted to raise the fed funds rate.  This is the highest number since Dec. 2014.  That aside, it was really more of the same: The Fed postponed an interest-rate increase, and it followed up its decision to postpone a rate increased with the usual noncommittal, vague language. To wit: “Near-term risks to the economic outlook appear roughly balanced.” What are near-term risks and how do we know if they are roughly balanced? Your guess is as good as ours.

December looks like the next opportunity for a rate increase.  At the beginning of the year, we predicted that any rate increase would be unlikely to occur until December. So far, we’re batting a thousand.

Then again, we wouldn’t be surprised if December produces another postponement. The U.S. economy continues to limp along. Sub-2% annualized GDP remains the norm.  What’s more, central banks around the world continue to implement loose-money policies. If the Fed applies a tightening monetary policy while other central banks continue to loosen (namely the Bank of Japan and the Bank of England) this will only amplify any Fed action: A strong dollar becomes even stronger; a sell-off in risky assets becomes more intense.

Today, traders in fed funds rate futures contracts are offering 58% odds of a rate increase at the Fed’s December meeting. Don’t be surprised if those odds drop as December nears. 

Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Harrisburg PA Mortgage Market Recap – September 26, 2016

by Don Roth

Housing Continues to Lead the Economy Forward

Based on home-builder sentiment reported by the National Association of Home Builders (NAHB), new-home starts and new-home sales should end the year with a bang.

The NAHB’s home builder sentiment index surged six points to a 65 reading for September. This is the highest reading since last October. Optimism, in short, is at a multi-year high.

What’s more, the good vibes home builders are feeling were broadly dispersed. The present sales component of the index also rose 6 points to 71, which also ties the multi-year high set last October.  The future-sales component rose 5 points to also post at 71. This is the best reading since October 2005. The reading for traffic was up 4 points to 48, which matched the most recent high posted last November. The high before that? October 2005.

Taken in aggregate, there was little that was lagging on sentiment. In fact, sentiment points to accelerating activity – construction and sales – for the fourth quarter. This is important, given that new-home construction and all the accoutrement activities associated with that construction are strong contributors to overall gross domestic product (GDP) growth.

That said, recent new-home construction doesn’t quite jibe with the glowing future. Housing starts and permits actually fell in August. The former dropped a rather stark 5.4% to 1.142 million units on an annualized rate; permits were down 0.4% to 1.139 million. Both figures failed to meet most economists’ estimates.

But if we dig a little deeper, we find a few nuggets of good news. Permits for single-family homes rose 3.7% for August. This is a key indicator of housing demand and bodes well for future new-home construction and sales.  We’ll see if there is any immediate impact on recent sales. Data for August new-home sales will be posted this upcoming Monday.

As for existing-home sales, it’s more of the same.  They declined a second-consecutive month in August. This time, they declined 0.9% to 5.33 million on an annualized rate. Inventory, or rather the lack thereof, remains the scourge. Inventory was down again compared to this time last year.  Low supply frequently leads to higher prices. The median price of an existing-home home posted at $240,000 for the month, 5.1% higher than last year.

Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Maintain Your Fridge and Freezer

by Don Roth


WHY DO THIS?

A dirty or broken fridge and freezer can transmit foul smells directly into your food (yum), which can accelerate rotting and mold. Check your fridge and freezer twice a year to ensure your food remains fresh and safe to eat, extend the life of this appliance and even lower your utility bills. It's a hat trick!

HOW TO:

1. Clean the condenser coils. The condenser coils are typically located under, above or behind the refrigerator. You want them to be completely free of dust and grime so that the refrigerator and freezer don’t overheat and stop cooling (read: spoiled groceries and a huge pain in the you-know-what). Check out this step-by-step for full instructions.

2. Clean the drip pan. If the refrigerator has a drip pan to catch condensation, make sure that the drain hole is clean and the pan itself doesn’t smell. If it does, wipe it down with warm water and mild dish soap.

3. Check the water filter. If the refrigerator/freezer dispenses water or makes ice cubes, check to see if the water filter needs to be replaced. If it's time, read:Change the Water Filter in Your Refrigerator.

4. Clean the gasket. Check the gasket that seals the refrigerator door to the unit and make sure that it’s not dirty or cracked. If you aren’t sure that it's doing its job, close a piece of paper in the door and try to pull it out. If it comes out easily, it might be time for a new gasket. If it's dirty, clean it with mild dish soap and warm water.

5. Defrost the freezer. If you don't have a frost-free freezer, it's manual defrost time! For a step-by-step guide through this process, read: Defrost Your Freezer.

6. Check your coldness setting. Make sure it's set to medium to avoid a defrost problem in the future.

Information provided by BrightNest.com.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Protect Your Home from Burglary

by Don Roth

WHY DO THIS?

According to the FBI, over two million burglaries occur each year in the United States, and 70 percent of them are in residential areas. Don’t worry, you don’t have to turn your house into Fort Knox to secure your home – many of these solutions are free and take less than ten minutes!

WHAT YOU'LL NEED:

DOWEL OR STEEL BAR

INDOOR LIGHTING TIMERS (OPTIONAL)

OUTDOOR MOTION DETECTOR LIGHTS (OPTIONAL)
 

HOW TO:

  1. Maintain your doors and locks. Inspect the condition of your exterior doors. Make sure that they fully close, are sturdy enough to provide resistance to kick-ins and that there are no gaps along the frame. Also, check each door’s strike plate, hinges and handle to make sure nothing is loose. If you find any damaged door hardware, repair or replace it immediately.
  2. Maintain your windows. Inspect and repair all exterior frames, glass panes and latches. Make sure all windows are securely attached to the window frames and always keep them locked when they’re closed. This includes all sliding patio doors, too. Tip: Take a strong dowel or steel bar and slide it into the back groove of your sliding doors. This way even if the lock is picked, the door can’t be slid open.
  3. Install safety lighting. Purchase indoor lighting timers if you know you’re going to be away from your home for a lengthy period of time. These allow you to set lights on a timer to make it look like you’re home. It’s also important to have adequate outdoor lighting. Consider installing outdoor motion detector lights near exterior doors and windows for some added security. If you have a large yard, you may want to install floodlights, too.
  4. Be aware of what you showcase in your home. Don’t keep expensive items in plain sight or near windows – it makes your house a target! To see what a burglar might see, open up all of your curtains and take a stroll out to your front lawn. If you can easily see your jewelry, big screen TV or your new laptop, consider rearranging these items or buy thick drapes and blinds so your valuable items don’t tempt robbers.
  5. Be mindful of your spare keys. Try to limit the number of keys you lend out. Give the babysitter or dog walker your garage code instead of an actual key. Although we don’t recommend keeping a spare key around the house, if you’re going to do it, be original. Avoid hiding a spare key under fake rocks, doormats or along the doorframe – it’s been done. Many times. Choose a spot that a burglar won’t think to check!
  6.  Don’t leave signs of an empty house. Have a neighbor get your mail while you’re away, or put it on hold at the post office. Piled up newspapers or packages on your front door will be a red flag that you’re not at home, making you a prime target for a break-in.
  7. Consider installing an alarm system. If you live in an area with high crime, are away from home often, work odd hours, or just want some extra protection, an alarm system is a great security addition. Homeowners generally pay between $100 and $1,200 for a burglar alarm (the price depends on the size of the home and type of system), plus a monthly monitoring fee of around $40. If that doesn’t fit your budget, just seeing a home security sign prominently displayed out front of your home can deters burglars, even if you don’t actually have a security system installed.

Information provided by BrightNest.com.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Looking Ahead to September 21

by Don Roth


Here we are with August relegated to posterity and we have been proven right. We said at the beginning of August that mortgage rates wouldn’t move much for the month, and that has been the case. For the most part, rates held within a tight range. We didn’t see much variance from 3.375%-to-3.5% for the conventional 30-year loan.

Now, the question is, will this range hold for another month?    

Tough to call, but it appears less likely. Sentiment is in a flux. More credit-market watchers anticipate an increase in the federal funds rate, and they anticipate it could happen at the next Fed meeting on September 21. Traders in federal funds rate futures contracts are betting a 27% chance of a rate increase in three weeks. A month ago, the odds were low-single digits. Looking further afield, these same traders are betting a 56% chance interests will be raised at the December meeting, if not before.

Mortgage rates have been staid for the past month, and so has the yield on the 10-year U.S. Treasury note. This is no surprise; long-term mortgage rates tend to follow the yield on the 10-year note.

That said, two other indicators don’t rule out a rate increase this month.

Gold prices have fallen over 3% in the past two weeks. Gold tends to move inversely to interest-rate expectations – the higher the interest-rate expectations, the lower the gold price. Over the same period, the U.S. dollar has appreciated against most of the world’s currency.  The dollar would gain in value against another currency if U.S. interest rates are expected to rise because foreign investors would demand more dollars to invest in U.S.-denominated securities (which would offer higher yields).

The outlook for interest rates is a bit more uncertain, but we’ll stick to our guns, nonetheless: No Fed interest rate increase before December. But that doesn’t mean we couldn’t see rising market interest rates, or more rate volatility, between now and then.  

Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Harrisburg PA Mortgage Market Recap – September 12, 2016

by Don Roth


A Set Up for a Strong Push Into Fall

Recent data point to home sales retaining momentum as we push into September and beyond.

The NAR’s Pending Home Sales Index posted at a respectable 111.3 for July, a 1.3% increase over June’s reading of 109.9. The index posted at its highest level since February 2006 and was second only to the 115 posting this past April. What’s more, NAR data show the increase as broad-based, with only the Midwest failing to improve on its June numbers. These contract signings usually lead sales by roughly  45 to 60 days, so we expect to see decent existing-home sales numbers for August and September.

A recent uptick in mortgage purchase applications also leads us to believe that we should see decent sales numbers. Purchase activity has been flat for most of August, but we have seen an uptick in activity over the past two weeks. Confirming our anecdotal evidence, the MBA reported purchase activity increased 1% last week.

We’re further encouraged by the fact that we’re seeing an uptick in mortgage availability. The MBA’s Mortgage Credit Availability Index increased 1% in July to post at 165.3. This is near the highs set earlier this year. The increase was driven by an increase in programs for lower-credit-score borrowers. The trend in lower-credit availability was seen in both conventional and government programs.

Even more encouraging, the overall health of credit servicing among consumers continues to improve. Fannie Mae reports that the single-family serious delinquency rate continues to decline. Mortgage loans of three monthly payments or more past due or in foreclosure dropped to 1.3% in July from 1.32% in June.  This is the lowest level since May 2008. Over the past year, the level has fallen by nearly 25%.

To get an idea of just how much the credit-servicing market has improved in the past five years, the delinquency rate was nearly five times the current rate when it soared to 5.59% in February 2010. And we still have room to improve. The average long-term normal serious delinquency rate is under 1%.

The bottom line is that housing and mortgage lending continue to serve as lead engines of economic growth. We expect that both will continue to serve in their respective capacity deep into 2017.

Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Conserve Water Like a Pro

by Don Roth

WHY DO THIS?

At least 36 states suffer local, regional or statewide water shortages annually. By adopting a few simple habits, you can dramatically decrease your household water usage. This will save you money on your water bill each month and help the environment. Win-win! Follow these steps to become more efficient with water.

HOW TO:

1. In the kitchen: When washing fruits and vegetables, fill a pan with water. Dip your produce in the water instead of running it under the tap.

2. Only run your dishwasher when it’s completely full. For more dishwashing tricks and rules, read: The Three Laws of Dishwasher Loading.

3. Avoid defrosting your dinner under running water. Instead, fill your sink halfway and let the items soak until they're properly defrosted.

4. In the laundry room: Wait until you have a full hamper before doing a load of laundry. Tip: If that shirt you wore isn’t really dirty, don’t be afraid to wear it twice!

5. Check the water fixtures that connect to your washing machine. If you notice any moisture around the fixtures, you may have a leak that needs to be repaired. For more information on washer maintenance, read: Inspect and Maintain your Top-Loading Washing Machine or Inspect and Maintain your Front-Loading Washing Machine.

6. Consider purchasing an energy-efficient washing machine. These use almost half as much water as older, less-efficient models and wash your clothes just as well. To learn more, read: Shop Energy Star.

7. In the bathroom: Shut off the water while brushing your teeth or washing your face. You’ll save 4.5 gallons each time.

8. Fill a 20-ounce bottle with water. Add rocks so it's weighed down, and drop it in the tank. The bottle allows the tank to be refilled with less water, making your toilet more efficient.

9. Test your toilet for leaks by adding a few drops of food coloring into the tank. If the dye appears in the bowl without flushing, you have a leak. To learn how to fix this, read: Maintain your Toilets and Fix a Running Toilet.

10. Show some hustle in the shower and try to shorten each session by a minute or two. You’ll save up to 150 gallons per month. Tip: Make it a competitive game. Who can take the shortest shower?

Information provided by BrightNest.com.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Still All Quiet on the Mortgage Front

by Don Roth


We started August with a prediction: We didn’t expect to see much movement in mortgage rates for much of the month.  So far, our soothsaying has proved accurate, and even more accurate than we expected.

Mortgage rates continue to hold a narrow range. In fact, Mortgage News Daily reports that there are no historical examples of rates holding as steady and as narrow as they have held in August. Rates are about as narrow and as steady as they’ve ever been.

Of course, that could all change next Friday, if the employment numbers for August are as strong as those in July (which saw a 255,000 increase in payrolls.)  The Federal Reserve could be as motivated as it has been all year to finally move on interest rates.

But then again, maybe not. Global economic growth remains an overarching concern.

According to the International Monetary Fund's (IMF) latest World Economic Outlook released in July, advanced economies will grow only 1.8% in 2016 and 2017, down 0.1% and 0.2% separately from the IMF’s April forecasts. Lack of meaningful growth means central banks around the world will continue to pump more money into their respective economies, which they do by buying government bonds with newly created money. All this money pumping and bond buying has swelled the value of negative-yield bonds to $13.4 trillion.

Federal Reserve officials meet again on Sept. 21. Traders in federal funds rate futures contracts are betting with an 18% chance of a rate increase. (We think the odds should be lower.)  The strongest odds for a rate increase don’t occur until the Fed’s December meeting, which is when the Fed last raised rates. The odds for an increase in December rise to 49%.

In short, we wouldn’t be surprised if this narrow range for mortgage rates persists deep into September.  

 Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Displaying blog entries 11-20 of 424

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