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 Linger Near Year Low

May 23, 2016 1:36 am

Mortgage rates remain around year-to-date lows, giving homebuyers and refinancers time to act ahead of a potential interest rate hike next month.

According to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®), the 30-year fixed-rate mortgage (FRM) is up slightly, averaging 3.58 percent with an average 0.6 point. The 15-year FRM is holding steady at an average 2.81 percent with an average 0.5 point.

“The 10-year Treasury yield saw minimal movement over the past week, despite encouraging news from April's consumer spending and CPI data,” says Sean Becketti, chief economist of Freddie Mac. “Accordingly, the 30-year mortgage rate moved up just 1 basis point from its 2016 low to 3.58 percent. Although there was minimal change in rates this week, the hawkish tone of Wednesday's Fed minutes release had an immediate impact on Treasury yields, and could possibly shake up next week's survey results.”

The survey also revealed a somewhat-higher 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM), averaging 2.80 percent with an average 0.5 point.

Source: Freddie Mac

Published with permission from RISMedia.


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8 Foods to Kickstart Your Summer Slimdown

May 20, 2016 1:27 am

Summer weather’s around the corner, and like millions of Americans, you may be focused on shedding a few pounds for the season.

Kickstart your slimdown with these eight foods, compiled by EatingWell.com, which contain few calories and lots of tummy-filling fiber.

Almonds – A two-ounce serving of almonds is a satisfying snack—and the more times you chew them, the more satisfied you’ll be. Chewing releases more healthy fat, which triggers hormones that curb hunger.

Apples – A medium apple is four grams of fiber for a mere 95 calories. Munch on slices as you work.

Chili Peppers – Consuming a little hot pepper (in tomato juice or in capsules) 30 minutes before a meal can help you feel less hungry, and eat about 10 percent less.

Eggs – Dieters who eat eggs get fewer calories and more satisfaction than those who eat a bagel for breakfast. Try them for lunch or snacks, too, in salads or simply shelled and eaten out of hand.

Mushrooms – These low-calorie filling veggies can be as satisfying as meat, recent studies report. Use them in omelets, salads, sauces and soups in place of bacon, ham or sausage.

Oatmeal – Eating a breakfast made with "slow-release" carbohydrates, such as oatmeal or bran cereal, three hours before you exercise may help you burn more fat, recent studies suggest.

Small Desserts – Sugar-filled desserts are hardly diet aids, but studies show that banning sugar from your diet altogether often results in binge eating. Reward yourself now and then with a sweet of 100 calories or less.

Soups – Recent studies show that people who start a meal with vegetable soup eat 20 percent less calories overall.

These slimdown secrets can be applied to virtually any meal. Be creative! Who knows? You may stumble upon a recipe that becomes a new favorite.

Published with permission from RISMedia.


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