According to the Mortgage Bankers Association, mortgage rates continue to decline, with 30-year fixed rates reaching their lowest level since May 2009.

- 30-year fixed rate mortgages decreased to 4.79% from 4.82%

- 15-year fixed rate mortgages decreased to 4.27% from 4.32%

- 1-year ARMs decreased to 6.56% from 6.66%

NOW is a great time to buy…low interest rates AND a tax credit for first time buyers as well as ”repeat buyers”.  Call me at 717-623-8508 for more details!

This delightful bi-level is located in East Pennsboro School District and offers over 1,800 square feet of living space between to two levels.  “Immaculate” and “move-in ready” best describe this 3 Bedroom, 2.5 Bath home with oversized 2-car garage.

Some of the other key elements include:  modern eat-in Kitchen with pantry, generous Living Room and Dining Room with slider acess to rear yard, master Bedroom with full Bath and two closets, finished lower level Family Room with windows and spacious Laundry Room with half Bath.  The private rear yard is fenced and includes a custom built shed that conveys with property.

All the work has been done….new carpeting, new vinyl flooring, fresh paint throughout home including trim work and closets, and a new roof in 2008. 

Don’t let this one pass you by…an exceptional value at $197,900!  Call me today at 717-623-8508 for more information or a private showing.

There are a lot of questions surrounding the expanded home buyer’s tax credit.  One of the questions I receive most often is “Do I qualify to receive the tax credit?”  To better understand the eligibility requirements and some of the other most frequently asked questions, watch the attached video.

RE/MAX Agents Know the 2009-2010 Tax Credit:

Even if you don’t live in Central PA or want to buy a home here, I can still help! Feel free to contact me at Michelle@HarrisburgHouses.net or 717-623-8508.

On November 6, President Obama signed legislation that extends and expands the U.S. tax credit for home buyers.  Not all the details have been disclosed but attached below are the basics of the program.

In addition to the tax credit, interest rates remain historically low and there’s plenty of homes to choose from.  Don’t miss out on this limited opportunity.  Call me today at 717-623-8508 to get started!

For more information regarding the home buyer’s tax credit, click on the link below.

Home Buyer’s Tax Credit

Congress approved the extension of the first time buyer’s tax credit until April 2010.  Consumers buying a home for the first time in three years are eligible to receive up to $8,000 if they are under contract by April 30, 2010 and close on or before June 30. 

The most significant change is that a “repeat buyers” who are buying a new primary residence are eligible to receive a tax credit up to $6,500 beginning December 1 if they owned their home for five consecutive years in the previous eight. 

If you are considering making a real estate change, please contact me at Michelle@HarrisburgHouses.net or 717-623-8508. 

I’ll be posting my listings and other pertinent real estate information on my Facebook fan page.  Feel free to dialogue with me about what you heard on the evening news to see if it applies to our local market.  Real estate is local and just because home values in Las Vegas are down 50% doesn’t mean that the same is true for the Harrisburg area.   

If you want to be “in the know”, become a fan of “Michelle Leo Realtor”.  See you on Facebook!

It’s not final yet but we are definately one major step closer to officially extending the first time buyer tax credit.  The most significant change is that more buyers will be able to qualify for a tax credit due to the “repeat buyers” addition.  If passed, it will allow for current homeowners to claim up to $6,500 if the home they are vacating has been their primary residence for 5 consecutive years out of the last 8 years. 

For more details, read the full article:  http://www.usnews.com/money/blogs/the-home-front/2009/10/29/first-time-home-buyer-tax-credit-gets-obama-nod.html 

A little bit of humor but ALOT of truth…

1.  Thou shalt not change jobs, become self employed or quit your job.

2.  Thou shalt not buy a new or used vehicle (unless you want to live in it).

3.  Thou shalt not get behind or use your credit cards excessively.

4.  Thou shalt not spend the money you have allocated for closing.

5.  Thou shalt not omit debts or liabilities from your loan application.

6.  Thou shalt not buy furniture.

7.  Thou shalt not originate inquiries into your credit.

8.  Thou shalt not make large deposits without checking first with your loan officer.

9.  Thou shalt not change bank accounts.

10.  Thou shalt not co-sign a loan for anyone.

Lenders will review your credit multiple times before you sign your mortgage documents – sometimes even the day of closing!  Your credit can not change or be negatively affected prior to settlement.  If you want to buy furniture or change jobs, there will be time to do that AFTER CLOSING.

According to Fulton Research Inc. and reported by The Central Penn Business Journal, median sale prices of properties decreased in September compared to one year ago in Dauphin, Lancaster and York Counties.  However, the median sales price increased in Lebanon County.

Data was not available for Cumberland County.

For the complete article, please visit http://www.centralpennbusiness.com/daily.asp?eDate=10/23/2009&utm_source=Listrak&utm_medium=Email&utm_term=%2fdaily.asp%3feDate%3d10%2f23%2f2009%2373251&utm_content=mleo%40capitalareahomes.com&utm_campaign=Business+Journal+Daily#73251 

If you’re looking for one level living but not ready to give up yard space, this is the home for you!  Attractive 3-bedroom all brick ranch home with covered side porch and above ground pool with newer liner is ready for new owners.  Some updates include:  new furnace, replacement windows and central air.  Home sits on .93 acre.  Lot is adjacent to farm land.  Northern York County School District.  One year home warranty will be provided with executed contract.

Contact Michelle@HarrisburgHouses.net for more information or a private showing.