Centre County 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

301 Amblewood Way - State College

301 Amblewood Way, State College

Very well maintained three bedroom, 2.5 bathroom, one car garage townhome is ready for you to move right in! Property borders Park Forest Middle and Elementary Schools and is very convenient to CATA bus stop, Wegmans & public pool. Some of the home's special features include vaulted ceilings in great room with gas fireplace, first floor laundry, private rear deck and efficient gas heat w/ central air. 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 301 Amblewood Way, State College...

2076 Chelsea Lane - State College

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...

298 Mountain Top Road - Howard

298 Mountain Top Road, Howard

Majestic & Stately yet warm & welcoming with an impressive entertaining ability inside and out. Imagine owning a one-of-a-kind, secluded luxury home to call your own private paradise. This is everything that you have been dreaming of. A grand entrance with a paved circular driveway into this spectacular 3 bedroom, 3.5 bath, 3 car garage Retreat. Walk inside you will feel the magic of the tasteful & elegant updates throughout. This stunning home includes a custom kitchen complete with solid maple soft-close cabinetry, granite countertops, a matching custom granite table opening to your living room & formal dining room. This home features cozy fireplaces, gorgeous flooring throughout, a large cedar-lined closet, an impressive laundry room, and a sweet rec room. Upstairs rest easy in your oversized owner's...

126 Buchanan Avenue - State College

126 Buchanan Avenue, State College

Darling ranch home in charming and desirable Independence Place. This well maintained home offers a lovely kitchen with pantry and plenty of cabinetry, a spacious living room and light and bright dining area. Walk in laundry/mud room, fenced yard, natural gas heat, central air, off-street parking for three cars, shed and so much more. Affordable HOA fee ($95/month) includes, clubhouse, pool, trash, tennis court, and outdoor swimming pool! The walking paths in and around the community provide are quite convenient and this community is very close to shopping, movie theaters, Penn State, downtown State College, state gamelands and more. 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 ...

532 22nd Street W- Tyrone

532 22nd Street W, Tyrone| Home for sale in Tyone, PA

Charming Dutch Colonial style home situated on a generous lot with amazing views. The main floor offers an eat-in kitchen, comfortable living room, full bathroom, and 3 season porch for entertaining, complete with a covered front porch with big valley views. Upper level boasts three bedrooms, perfect for a small family. The lower level allows for plenty of storage, work space with a walkout, and more. Heat pump and central A/C. Call for you tour today, this lovely home will not last! 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 532 22nd Street W, Tyrone.


989 Tyrone Pike - Philipsburg

989 Tyrone Pike, Philipsburg

Calling all contractors, investors, and DIY'ers. The spacious floor plan includes a large living room, eat-in kitchen, first-floor laundry with 3 bedrooms. Upstairs provides additional living space with a rec room, bedroom, full bath, and kitchenette. This home sits on a large level lot with an attached garage and a carport on the outskirts of Philipsburg borough. Being sold AS-IS.  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 989 Tyrone Pike, Philipsburg.


Open Houses- Sunday, March 20th

Open Houses - Sunday, March 20th in State College, Warriors Mark, Grampian, and Burnham

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 814-234-4000 to see ANY home that's for sale or email realty@1kbb.com

Open Houses this Sunday, March 20th:

3222 Shellers Bend- State College

3222 Shellers Bend, State College

Stunning unit in Cobble Creek II. Warm and inviting home in pristine condition. This unit has an open main floor plan. Owner's bedroom has 2 walk-in closets and new bath with walk-in shower, free standing tub and beautiful finishes. New stair modern railings make a difference in the feel of the unit. Large kitchen with ample cabinets and granite counters. Living room and sunroom have a 2-sided gas fireplace. Small yet private deck off the back. Office with French doors. Upstairs bedroom has lots of storage and large full bath. Lower level has a family room, full bath and bedroom plus storage. Occupancy is 8/10/22. Seller also will sell much of the furnishings to the buyer separately. This is truly unique offering that will not last! There is a clubhouse for resident use. Well run and funded association. Call KBB...

134 Skyview Drive- Bellefonte

134 Skyview Drive, Bellefonte

Gorgeously updated and well-cared for Skyview Terrace unit! This gem in Bellefonte gives you proximity and convenience. The main floor is open and airy with plenty of space to spread out but cozy enough to enjoy its charm. Don't miss the unique, wood-paneled accent wall in the dining room! Flip a switch to put a fire in the gas fireplace while you stay in for movie night. There are three good-sized bedrooms upstairs, including an owner's suite with a large walk-in closet. The unfinished basement gives you plenty of storage and plenty of room to expand in the future. Sell your snow-blower before moving in, because snow removal and exterior maintenance are taken care of for you. Set up your private showing today. Call KBB at 814-238-8080 to see ANY home that's for sale or email realty@1kbb.com...