RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Mortgage Rates This Year Dive to Lowest Point Yet

May 16, 2016 1:18 am

The 30-year fixed-rate mortgage (FRM) has plummeted to its lowest point yet this year, according to Freddie Mac’s most recent report, reaching a three-year low overall at an average of 3.57 percent, with an average 0.5 point.

“Disappointing April employment data once again kept a lid on Treasury yields, which have struggled to stay above 1.8 percent since late March,” Freddie Mac Chief Economist Sean Becketti explains. “As a result, the 30-year mortgage rate fell four basis points to 3.57 percent, a new low for 2016 and the lowest mark in three years. Prospective homebuyers will continue to take advantage of a falling rate environment that has seen mortgage rates drop in 14 of the previous 19 weeks.”

The 15-year FRM has also moved down, to an average 2.81 percent with an average 0.5 point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) has lowered, as well, to an average 2.78 percent with an average 0.5 point.

Source: Freddie Mac

Published with permission from RISMedia.


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5 Bucket List Destinations That Won't Break the Bank

May 13, 2016 1:12 am

Bucket list destinations around the world have become much more affordable, thanks to low airfares and a strong dollar. Jet off to one of these exotic, now-inexpensive locales, recently named to Cheapflights.com’s “International Destinations That Won’t Break the Bank."

1. Goa, India
Known for its signature fish curry, Goa boasts plenty for explorer types, with scores of beaches, churches, forts and temples in architecturally diverse styles.

2. Kandy, Sri Lanka
The country’s ancient capital, Kandy’s accommodations are relatively inexpensive, and in proximity to sightseer hot spots, including museums, monasteries, temples and Kandy Lake.

3. Lima, Peru
Bargains abound in Peru, and Lima is no exception. From hiking Machu Picchu and sunning at the beach to dining at world-renowned restaurants, there’s something for everyone in Peru’s capital.

4. Taipei, Taiwan
Taipei is ideal for travelers seeking experiences similar to Beijing or Hong Kong—without the premium price tag. While there, take time to ascend Taipei 101, one of the world’s tallest structures—it’s worth it!

5. Wellington, New Zealand
Get the most bang for your buck in Wellington, thanks to current exchange rates. The city features a variety of lodging options, including budget hotels, campgrounds, hostels and motels, and a number of free attractions.

Ready to go? For more destinations from this list, visit Cheapflights.com.

Source: Cheapflights.com

Published with permission from RISMedia.


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