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

Concerned about Rising Interest Rates?

January 25, 2016 1:06 am

Interest rates rose for the first time since the recession just one month ago. Since then, many have expressed concern about future increases, unsure of how their personal financial situations will be affected should interest rates rise again this year.

The good news is mortgage rates have yet to follow suit, making this an ideal time to take advantage of low-interest home financing options.

“The impact of rising interest rates will take some time to show a cumulative effect,” cautions Bankrate.com Chief Financial Analyst Greg McBride. “Now is the time for consumers to insulate themselves from rising rates, such as refinancing from an adjustable-rate to fixed-rate mortgage.”

Bankrate.com recently polled Americans to gauge their level of concern about rising interest rates. The majority of respondents, or 56 percent, don’t see reason for alarm, with some, about 15 percent, feeling interest rates have been artificially low. More than 40 percent are concerned about another rate hike, and just over 15 percent wonder what consequences a hike will have on the economy.

Source: Bankrate.com

Published with permission from RISMedia.


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15 Kitchen Design Trends We'll See in 2016

January 25, 2016 1:06 am

A smartly-designed kitchen—one that caters to both the current and long-term—will serve the needs of your household for years to come. But what does “smartly-designed” mean?

“Designing a kitchen is 50 percent science; it's about making the space efficient and functional right down to the placement of the sinks and the height of the appliances,” says Matthew Quinn of Atlanta-based Design Galleria Kitchen and Bath Studio. “The other half is about making the space something that fits with the emotional needs of the homeowners and the aesthetic they are hoping to achieve.”

Quinn, along with other award-winning designers, recently forecasted trends in kitchen design at the Sub-Zero and Wolf “Design Pros Call It” event. The forecast included:

• Concealed Sinks
• Convection Steam Ovens
• Child-Friendly Sinks, Refrigerators
• Induction Cooktops
• Islands
• New Neutrals (Black, Blue, Gray)
• Off-Kitchen Dining Areas
• Open Floor Plan
• Outdoor Kitchen
• Panel Overlays for Appliances
• Recycling Center
• Quartz
• Stainless Steel
• Salvaged Wood Accents
• Vertical Gardens

The forecast also settles the “timeless” versus “classic” design debate.

“Truly timeless kitchen design is quite difficult, is very limiting and depends heavily on its surrounding architecture,” Quinn says. “White cabinets, white marble and wood floors most commonly stand the test of time. Like the Barcelona chair, classic kitchen design is incorporating great design elements of that moment that reflect that era. A metal range hood, a pro-style faucet and some decorative hardware are examples.”

Source: Sub-Zero and Wolf

Published with permission from RISMedia.


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