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

Fixed Mortgage Rates Unchanged

September 11, 2015 12:54 am

As a result of mixed economic signals, the average 30-year fixed-rate mortgage (FRM) remains largely unchanged at 3.90 percent, according to Freddie Mac’s recent Primary Mortgage Market Survey® (PMMS®). The 15-year FRM stands at 3.10 percent.

“Following a shortened week, mortgage rates were virtually unchanged, inching up 1 basis point to 3.90 percent,” says Freddie Mac Chief Economist Sean Becketti. “The employment report released last Friday provided mixed signals, adding one more note of uncertainty prior to the Fed’s September meeting.”

According to the survey, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.91 percent with an average 0.5 point. The 1-year Treasury-indexed ARM averaged 2.63 percent this week with an average 0.3 point.

Source: Freddie Mac

Published with permission from RISMedia.


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A Pre- and Post-Hurricane Checklist for Homeowners

September 11, 2015 12:54 am

With hurricane season underway, the Federal Emergency Management Agency (FEMA) and the Red Cross encourage homeowners to follow this pre- and post-storm checklist to weather any hurricane-related emergencies.

In advance of hurricane season:

• Build an emergency kit
• Make a family communications plan
• Know your surroundings and whether your property is flood-prone
• Identify levees and dams in your area
• Figure out at least two evacuation routes

To secure your property:

• Cover the windows in your home (and keep in mind that tape will not prevent a window from breaking)
• Install straps or additional clips to securely fasten roof to frame structure
• Trim trees and shrubs around your home to make them more wind resistant
• Clean rain gutters
• Reinforce garage doors (if any)
• Bring in outdoor furniture, decorations, garbage cans, and anything not tied down
• Secure your boat (if you have one)

Before a hurricane hits:


• Charge your phone and other portable electronic devices
• Fill bathtub(s) and other large containers with water
• Buy a 3-5 day supply of drinking water
• Buy non-perishable food
• Have battery-powered flashlights on-hand

During a hurricane:


• Listen to the radio or television for current information
• Turn off utilities, if instructed to do so; if not, set refrigerator thermostat to coldest setting and keep refrigerator door closed
• Turn off propane tanks
• Avoid using phone, unless an emergency (and be sure you’ve fully charged all electronic devices in the event of a power outage)

After a hurricane:


• Listen to the radio or television for current information
• Drive only if necessary
• Avoid flooded roads and washed-out bridges
• Stay off streets, but if you must go out, be aware of fallen objects and downed electrical wires
• Notify power company of any loose, dangling, or downed electrical wires
• Inspect the outside of your home for damage and loose power lines and gas leaks

Source: U.S. Federal Contractor Registration

Published with permission from RISMedia.


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