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

Current Economy Keeps Lid on Mortgage Rates

July 18, 2016 1:18 am


Mortgage rates, slow to react to Brexit, remain below 4 percent.

According to Bankrate.com’s weekly rate report, the 30-year fixed mortgage rate is averaging 3.57 percent, with an average 0.23 discount and origination points. The 15-year fixed mortgage rate is averaging 2.85 percent, with an average 0.20 discount and origination points. The 7-year adjustable mortgage rate is averaging 3.23 percent, and the 5-year adjustable mortgage rate is averaging 3.04 percent. The jumbo 30-year fixed mortgage rate is averaging 3.67 percent.

Borrowers obtaining a 30-year fixed mortgage at the current average rate can expect to pay $905.92 monthly. 

Close to three-quarters of mortgage experts surveyed by Bankrate.com expect rates to rise only marginally in the next week, due to the sluggish state of inflation, interest rates and economic growth globally.

Source: Bankrate.com
 

Published with permission from RISMedia.


Tags:

The Smart Home Takes a Swim

July 15, 2016 1:12 am


Smart home automation’s dipping into pools.

Many poolside mechanisms, such as the heater, pump and timer, can now be automatically controlled with smart home technology, optimizing energy use and performance and potentially extending their lifespan—a benefit that can result in thousands in saved repair or replacement costs, which are often a burdensome expense for pool owners.

“New automation options eliminate the inconvenience of trips to pool or spa equipment to reset timer clocks and thermostats,” said Kyle H. Chaikin, president of the Northeast Spa & Pool Association (NESPA), in a statement. “Control the pool at poolside, from inside the house, on the golf course or halfway around the world with handy smartphone apps.”

According to the NESPA, pool owners can automate any or all of the following features:

• Chlorine Generator
• Cleaner
• Filtration System/Pump
• Fountain
• Heater
• Jacuzzi/Spa
• Lighting
• Timer
• Waterfall

Pool owners can take automation a step further by assigning control to their pool service provider, Chaikin added.

“Pool and spa automation fits perfectly into any busy lifestyle. You can monitor your pool and poolscape yourself, or you can turn it over to your pool service company who will monitor it in real time, and be able to respond in real time, should any issue develop.

“Automation equipment quickly makes your backyard ready to use right when you are ready to use it, regardless of the season,” Chaikin added. “Owning and operating a pool and spa today has never been easier or more fun.”

Source: Northeast Spa & Pool Association/The Association of Pool & Spa Professionals
 

Published with permission from RISMedia.


Tags: