Mortgage rates in the U.S. declined, remaining at a 16-month low as more affordable borrowing costs fuel an increase in refinancing.

The Bloomberg article,, discusses what mortgage interest rates can accomplish for homeowners looking to refinance their current mortgage. But I have found that the lower the mortgage interest rate goes more potential home buyers come to the market looking for “good deals” when purchasing a home. Well, good deals are in the eyes of the beholder. In most cases the deal means what is it going to cost on a monthly basis to live here? With the average selling price in the greater Harrisburg area being close to $190,000 a difference of 3.875% (current rate) vs 4.50% (high this year) means that you could save approximately $3600 - $4100 per year. AND that means it stays in YOUR pocket. And the same can be said if you are looking to refinance your current loan.

Why mention this now? It has been shown that there can be less competition at this time of the year because many are contemplating the holiday season. Less competition means you also may be able to negotiate a better purchase price from the seller. So never decide that you cannot purchase a home at this time but when you consider lower mortgage interest rates and probably less competition it may be the time to get serious. And yes I strongly suggest a consultation with a bank or mortgage lender because they can assist you in attaining home ownership. In addition, if you are looking for a source of actual homes available for sale in the Central Pennsylvania market please click here to  see the available inventory.  

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