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 Tick Upward

May 1, 2015 12:12 am

A recently released Bankrate.com survey found mortgage rates rose slightly, with the benchmark 30-year fixed mortgage rate rising to 3.86 percent. The average 15-year fixed mortgage stepped up to 3.07 percent, while the larger jumbo 30-year fixed mortgage increased to 3.97 percent. Adjustable rate mortgages were up modestly as well, with the 5-year ARM nosing higher to 3.11 percent and the 7-year ARM now at 3.33 percent.

The increase in mortgage rates came despite evidence of a weak economy at the beginning of this year. As expected, rates moved up ahead of the Federal Reserve meeting. The initial look at first quarter Gross Domestic Product (GDP) didn't elicit much of a response in mortgage rates because it is not only backward looking, but was also widely expected.

One year ago, the average 30-year fixed mortgage rate was 4.44 percent. At that time, a $200,000 loan would have carried a monthly payment of $1,006.25. With the average rate now at 3.86 percent, the monthly payment for the same size loan would be $938.76, a savings of $67 per month for anyone refinancing now.

Source: Bankrate.com

Published with permission from RISMedia.


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Perk Up Your Patio with These Plants

May 1, 2015 12:12 am

Nothing brightens up an outdoor space quite like blooming flowers and thriving greenery. Whether you’d like to upgrade your deck, porch or patio, consider planting these florae, recommended by the experts at garden plant grower Monrovia.
  • Hydrangeas – Beloved for their large, colorful blooms, hydrangeas thrive in full sun to part shade and should be planted in moist, rich soil. If you live in a drier climate, water them two or more times each week. 
  • Gardenias – Known for their distinct fragrance, gardenias can be grafted onto hardy rootstock to make them easier to grow and less prone to disease.
  • Peonies – Available in an array of colors, peonies are a popular pick, especially itoh peonies, which are a hybrid of herbaceous and tree varieties. Itoh peonies have an extended bloom season and disease resistance, and are much less expensive than when they were first introduced.
  • Peruvian Lilies – Great for cut flower arrangements, Peruvian lilies will provide fresh flowers to adorn your home’s interior all summer long. To boost growth, start off with a bulb and give them ample space in a container or within a garden.
  • Roses – A welcome gift for many, groundcover roses are pest and disease resistant, and require minimal pruning and no dead-heading.
  • Edible Plants – Fruit-bearing plants like blueberry or raspberry shrubs make great long-lasting gifts. They flower in spring, fruit in summer and display colorful foliage in the fall.
Source: Monrovia

Published with permission from RISMedia.


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