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 Remain Below 4 Percent

September 4, 2015 2:48 am

The 30-year fixed-rate mortgage (FRM) recently averaged 3.89 percent with an average 0.6 point, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The rate, a slight nose up, comes amid volatile market activity and “essentially no new information,” says Freddie Mac Chief Economist Sean Becketti.

“The 30-year mortgage rate increased 5 basis points, but don’t read too much into that,” Becketti says. “The Fed took great pains at the Jackson Hole conference to keep all their options open and to avoid talking too much – or too little – of the situation in China and the volatility in global equity markets.”

The 15-year FRM averaged 3.09 percent with an average 0.6 point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.93 percent with an average 0.4 point, and the 1-year Treasury-indexed ARM averaged 2.62 percent with an average 0.3 point.

Source: Freddie Mac

Published with permission from RISMedia.


Tags:

Travel Trends to Expect This Labor Day

September 3, 2015 2:48 am

Leave it to the last minute. According to a recent Expedia.com® report, one-fifth of Labor Day travelers this year booked travel accommodations in July – late by most booking standards. In addition, many travelers, late bookers or not, are headed overseas for a last-weekend-of-summer getaway.

International hot spots for Labor Day include:

• London
• Barcelona
• Florence
• Paris
• Rome

"The favorable exchange rates we've seen this summer are a welcome relief for travelers looking to experience Europe," says Expedia Senior Editor Ingrid Belobradic. "Coupled with the already great promotions available, we're seeing opportunities for strong savings this Labor Day across international and domestic destinations."

Source: Expedia.com

Published with permission from RISMedia.


Tags: