Mortgage rates have eased over the past couple of weeks. Greece bores more than it titillates, and China's economy is on firmer footing than it was a month ago. On our side of the world, fewer people seem willing to speculate on when the Federal Reserve will raise interest rates.

There's not a lot going on, and that's reflected in lending rates. Mortgage rates are down, though purchase mortgage activity continues to climb. Last week, the Mortgage Bankers Association's survey showed application activity was up 1%. This lifts the year-over-year increase to 18%.

The mortgage market is robust, and should become even more robust. The MBA now forecasts that purchase originations will hit $801 billion this year and $885 billion in 2016. That's a $71 billion and $94 billion respective increase over the previous forecast.

Now is the time to act. Mortgage rates are lower, but the impetus is for them to rise longer term. Keep in mind, the impetus is there whether the Fed acts or not. Market participants are pushing for higher lending rates.

Also keep in mind that demand influences lending costs. If the MBA's forecast on mortgage activity materializes, there is less incentive on the suppliers' side to discount fees or offer other accommodations. The bottom line is that today's prices – both financing and real estate – are very likely better than tomorrow's prices.

Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.