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 Trend Downward

October 23, 2015 12:45 am

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), average fixed mortgage rates have followed Treasury yields lower, further benefitting the housing market. The survey finds the 30-year fixed-rate mortgage (FRM) averaging 3.79 percent and the 15-year FRM averaging 2.98 percent.

"Following Federal Reserve Governor Daniel Tarullo's remarks last week Treasury yields dipped,” explains Freddie Mac Chief Economist Sean Becketti. “In response, 30-year mortgage rates fell three basis points this week to 3.79 percent. The housing market continues to benefit from low mortgage rates, with housing starts for September beating expectations and the NAHB's Housing Market index registering a ten year-high in October."

The PMMS also shows the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averages 2.89 percent, and the 1-year Treasury-indexed ARM averages 2.62 percent.

Source: Freddie Mac

Published with permission from RISMedia.


The Dish on Food Trends in 2016

October 22, 2015 2:42 am

As culinary options continue to expand in availability, more consumers are embracing nontraditional foods when browsing restaurant menus or shopping grocery aisles. In the year ahead, specific food trends will grow even more in popularity, according to Sterling-Rice Group (SRG)’s 2016 Cutting-Edge Culinary Trends report. What trends will you try?

Mail-Order Meals – Established meal kit providers will give way to smaller start-ups that tap niche cuisines and dietary trends.

Switchels – Sweetened with honey, maple or molasses, this Colonial refresher boasts dual health benefits from its apple cider vinegar and ginger components.

Labneh – Salted and thick, this Middle Eastern-style yogurt-cheese plays well with olive oil, spices, seeds, vegetables and fruit.

Bottled Soups – With more fiber and less sugar than pressed juices, swig-able soups pack nutrients and flavor in a convenient bottled package.

Porridge – A classic, hearty dish, porridge can be prepared with a wide selection of grains, including rye, spelt, black rice or quinoa.

Source: Sterling-Rice Group

Published with permission from RISMedia.