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

Are Back-to-School Sales Better than Black Friday?

August 14, 2015 12:12 am

When purchasing laptops and tablets, smart shoppers plan to take advantage of the year’s biggest seasonal sale – and it’s not Black Friday.

According to a FatWallet.com survey, back-to-school sales trump Black Friday and Cyber Monday when it comes to scoring the best deals on devices for students like laptops, tablets and smartphones. With almost half of parents agreeing high school students should have their own laptops (and nearly three-quarters believing teenagers should own a smartphone), saving big before the school year begins is much more preferable to saving during holiday sales.

Per the survey, approximately 90 percent of parents will spend the “same or more” on school-related products this year, including general school supplies, backpacks, clothes, shoes, and textbooks. More than half of parents will purchase back-to-school items online; just seven percent will purchase items online through a mobile device.

Source: FatWallet.com

Published with permission from RISMedia.


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Mortgage Rates Slide to Two-Month Low

August 14, 2015 12:12 am

According to a recent Bankrate.com national survey, mortgage rates have declined to a two-month low, sparked by a surprise devaluation of the Chinese yuan. By itself, such an action has little effect on the U.S. economy, but the consequent drag on economic growth from a larger trade deficit and a further downward influence on inflation could prompt the Fed to delay the first interest rate hike.

According to the survey, the benchmark 30-year fixed mortgage rate slid to 4.04 percent, and the average 15-year fixed mortgage rate ticked lower as well, to 3.26 percent.

Adjustable-rate mortgages (ARM) were on the downswing also, with the 5-year ARM dipping to 3.20 percent and the 7-year ARM dropping to 3.39 percent.

The larger jumbo 30-year fixed mortgage rate stepped back to 4.00 percent, still remaining below the smaller conforming 30-year fixed mortgage.

At the current average 30-year fixed mortgage rate of 4.04 percent, the monthly payment on a $200,000 loan is $959.45.

Source: Bankrate.com

Published with permission from RISMedia.


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