A Cold Day in the Poconos and Mortgage Rates

By
Real Estate Agent with Keller Williams Real Estate

Good Morning on this cold day in the Poconos. Our two winter storms over the weekend provided about 12" of snow! The town and surrounding area look so beautiful with the snow for the Holidays. It looks like we will enjoy a White Christmas this year in the Pocon Region and all of Monroe County.

The ski season is off to a great start at Camelback Ski area, Shawnee Ski areaand Big Boulder Ski area. The combination of early cold weather which allowed the resorts to begin making snow and then our own natural snow this weekend means it is shaping up to be a great ski week over the Holiday Week.

Mortgage Rates continue to be low. All of our local banks such as ESSA, PNC and even some large ones like Bank of America are offering rates under 5% now!. Please check out the article in USA Today from Friday December 19, 2008. In the article they state interest rates are at their lowest level in 50 Years! When you look at Estate Homes in the Pocons these houses have not been this affordable since they began to be built. Areas such as The Estates at Great Bear located at Great Bear Country Club, Country Club of the Poconos, Buck Hill, Skytop and Pocono Manor  are showing incredible value based on home prices being pushed down and the mortgage rates dropping.

If you would ever desire a list of these homes please simply drop us an email.

Have a Great Day, Stay Warm and Drive Safe!

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