A Look at The Bright Side

    During the current economic downturn, the gloom has cast a spell which might obscure some important facts. To begin with, it should not be overlooked that 30-year mortgage rates currently hover under the five percent mark. Except for a brief period in 1999, when rates temporarily touched these levels, the rate on a 30-year fixed mortgage has not been this low since 1967. In addition, home prices are also low. This is an anomaly in that interest rates and home prices usually have an inverse relationship— when mortgage rates go down, home prices usually rise,and vice versa. The fact that both mortgage and home prices are low presents an unparalleled buying opportunity for anyone with good credit. First time buyers are particularly well positioned to take advantage of historically low mortgage rates and reasonable home prices. The $8,000 tax credit for first-time home buyers has been extended. In addition, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years. In both scenarios, buyers must have an executed Agreement of Sale by April 30, 2010 and must close by June 30, 2010.

    Buying or selling a home can often be a time consuming and frustrating

pursuit. Let me help you! I specialize in uniting extraordinary

homes with extraordinary lives. To those who value the unique, I possess

a profound knowledge of the  Centre County real estate market. My desire

is to serve my clients with unparalleled professionalism and personal

service. I strive to deliver the best customer service possible by offering superb client satisfaction and confidence.

    Ryan S. Lowe, Associate Broker

    (814)231-8200 ext. 352