About York County, PA

York Pennsylvania here!

Lot's on the docket today, so read on! Good news #1- After the carnage of Wednesday, as of right now, we have reclaimed half of that days loss of 207 "basis points" (34 bps yesterday and 94 as of right now today!) This is very encouraging as it may show that the move on Wednesday was indeed a "panic selloff" and we will move back to those levels. I have heard many analyst and pretty smart people commenting that the FED will have to make some announcement as to their intentions for the MBS program and that they may even announce even more money being targeted for MBS's to calm the markets. The last thing this economy needs is to shut off the recovery in housing just when it's taking hold. So for now, I would advise people to "hang out" and see which direction we go, if we get back close to where we were, lock in and be happy.

#2-- FHA has announced that they will allow buyers to immediately use the $8,000 for "costs" in buying a home. NOT DOWNPAYMENT! This just goes to show why we should not get involved in "speculation" about possible new programs. As with the initial comment that sparked all sorts of "we know what is coming" proclamations from many, details have not been announced and NO ONE has this program yet. Once the final details are released and we know how this will work, I'll pass that on.

Important fact--While we are recovering from Wednesday's drop, that is EXACTLY what we have in store WHEN, NOT IF, the government stops holding rates down. Moves like Wednesday's were not supposed to happen while the Gov is doing what they are---but it did! This tell us that the market can move at any time, regardless of "outside" pressure. The problem is that all this action is creating the very real threat of future inflation, or 'hyper-inflation", that is very bad for mortgage rates in the long term. So, as we go forward, while our rates should remain very low, be aware that the day is out there when all this stops. Then, we very likely will move into the mid 6% range and maybe even 7% range within days. So--get on the phone and let all your fence sitters know what happened Wednesday and let them know that is peanuts compared to what may happen when the Gov steps out of the MBS market. The way it looks right now, that should be sometime early next year--BUT- that does not mean the market will not force their hand earlier--WEDNESDAY IS A CLEAR..

An important part of the York PA home buying process is getting an appraisal. This is also true anywhere in Pennsylvania. Appraisals are typically ordered by the buyer's mortgage lender, and appraisers are usually chosen from within the York County PA real estate market so that the appraiser knows the local home value trends, and can choose similar homes wisely.

Some people ask who the local York PA appraisers are, so we're putting up a list for your reference:

Home Appraisers in York

Don't forget to visit our York PA Real Estate homepage and learn more about all the great areas within York County PA, including school districts.

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Coldwell Banker Select Professionals, based at 1000 North Prince Street in Lancaster and with additional offices in Lebanon, Hershey & York can be reached at 717-735-8400 or at www.cbselectpros.com. Coldwell Banker Select Professionals serves the Lancaster PA real estate, York PA real estate, Hershey PA real estate, Harrisburg PA Real Estate, Lebanon PA real estate markets with local offices and agents.

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Yo Yo Mamma! Happy Mother's day mommy. I'm happy to announce, CentralPaLiving.Com is alive and kicking with a crispy new funky fresh design.

Looking for Real Estate In Central Pa?

• York
• Lancaster
• And the rest of all that's going down in Central Pa Land!

It's not really that old, but we've already got lotsa video, a cracking 404 page. Cracking 404. And a property marketing system that's going to have our competition shaking at the knees. (It they can even begin to grasp have the things we've got on our servicing plan :)

Anyway, thanks AR for the juice! And if you need some Real Estate in Central Pa, CentralPaLiving.Com is the way to go.

Somewhere....over the rainbow......Active Rain falls with....some inbound linkage...and a few york pa points points points. Somewhere in Central Pa, there's a bloggy blog....It's called Central Pa Living and it's purple as the bog bog blog..

This has been an exercise in link building brought to you by the letter Central P A!

(Hi Hannah.)

York County Pennsylvania here!

All comsumers need to know this! !!!!

One lender is all you need, and you may or may not end up working with that lender.

A mortgage pre-approval is the same as an approval in the sense that both involve a check of your finances and your credit. Pre-approval is something less than approval, however, because the property value is preliminary and won't be definitively established until you have a purchase contract. Furthermore, a pre-approval may not specify a mortgage price, and if it does specify a price, it is not binding on the lender.

So what exactly is it? It is a statement of opinion by a lender that a prospective buyer has the income, assets and credit to carry the mortgage required to purchase a house of some assumed value. Since the borrower's mortgage-carrying capacity depends on an interest rate that is not yet known, and since the price of the house is preliminary, a pre-approval has a lot of slack.

It is adequate, however, for the purpose for which it is intended. That purpose is to convince a home-seller that a prospective buyer has the means to make the purchase and should therefore be taken seriously.

The only reason for you to obtain a pre-approval is because the owner of the house you want to purchase is looking for you to have one. More than one would serve no purpose.

Why do lenders offer them? Their hope is that the purchaser will view the pre-approval as the first step in obtaining a loan. It is a way of generating a promising lead. But you should not view it that way.

Selecting a lender for no other reason than that the lender had issued you a pre-approval, would be a mistake.

On the other hand, there is no reason to exclude that lender from your search for a loan provider. If your experience with the pre-approval was favorable, and if you are having difficulty making a decision among loan providers, you might want to give the lender providing the pre-approval an edge over the others seeking your loan.

Coldwell Banker Select Professionals proudly announces the addition of Deb Lowry as the manager of their York office.

York, PA (April 30, 2009) - Coldwell Banker Select Professionals proudly announces the affiliation of Deb Lowry. "Deb is a great addition to our growing York County team," said Ryan Hess, partner of Coldwell Banker Select Professionals. "She comes with a proven track record in the business community." She was previously affiliated with Coldwell Banker for 14 years.

Deb Lowry is an Associate Broker with 22 years of real estate experience. She was president of the Realtors Association of York and Adams Counties (RAYAC) in 2006. Deb was recently awarded the 2009 Distinguished Service award from RAYAC, the highest award given in the industry.

Deb has taught many classes for the Real Estate Education Center including pre-license, broker level, and continuing education courses. She has 3 children who are all involved the housing industry. Deb currently lives in York Township and enjoys spending time with her 5 grandchildren.

Coldwell Banker Select Professionals, has offices in located in Lancaster, York, Hershey & Lebanon and can be reached at 717-735-8400 or at www.cbselectpros.com. Coldwell Banker Select Professionals serves the Lancaster PA real estate, York PA real estate, Hershey PA real estate, Lebanon PA real estate markets with local offices and agents. Coldwell Banker Select Professionals is a one-stop shop for all real estate needs, and is dedicated to changing the way America buys, sells, and finances real estate. Currently headquartered at 1000 North Prince Street, Lancaster, PA 17603, Select Services, Inc. is the holding company for Coldwell Banker Select Professionals (www.cbslectpros.com), Home National Mortgage (www.homenat.com) , and Guardian Transfer.

Coldwell Banker is always looking to talk to top real estate agents in Central Pennsylvania about their future business growth by partnering with the #1 real estate brand in the United States. Contact Colleen Johns at cjohns@cbselectpros.com for more information and for upcoming career nights in all four offices.