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 Hover Near 2-Year Low

April 17, 2015 1:30 am

According to Bankrate.com’s weekly national survey, mortgage rates pulled back this week, with the benchmark 30-year fixed mortgage rate dipping to 3.79 percent and the average 15-year fixed mortgage rate inching lower to 3.03 percent.

The jumbo 30-year fixed mortgage set a new record low of 3.90 percent. Adjustable rate mortgages (ARM) were mixed, with the 5-year ARM nosing higher to 3.08 percent and the 10-year ARM drifting down to 3.54 percent.

Mortgage rates are at a 23-month low, a fact which could motivate buyers off the sidelines, particularly with the likelihood of higher rates later in the year. As evidenced by recent uneven data, the cold winter put a chill on the economy. The softness in economic releases continues to keep everyone guessing about the timing of the Federal Reserve interest rate hikes.

Source: Bankrate.com

Published with permission from RISMedia.


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Smart Homes Met with Mixed Attitudes

April 17, 2015 1:30 am

Though consumers expect smart homes to “arrive” well before smart cars or wearable tech, their enthusiasm is tempered by some confusion around the smart home concept, according to research firm iModerate. This stems from concerns over price, ease of use and physical and data security.

Participants in a recent iModerate study said they think a smart home would be most beneficial when they’re away from home. Specifically, they said a smart home would alleviate worries of leaving an appliance on, help lower energy bills and reduce burglary concerns.

However, consumers see the smart home as something of a double-edged sword: they believe it will offer peace of mind to them and their families, but they are wary of the security and privacy issues a smart home could expose. They like the idea of being able to peek in to their homes, to remotely control home functions, and to receive alerts if there is an attempted intrusion or mechanical problem that occurs while they’re away.

Conversely, consumers are fearful that security measures could backfire, data collected by smart home systems could be exploited, and smart locks could be easily hacked.

“We found our conversations with consumers fascinating in terms of how eager people are to embrace the smart home,” says Adam Rossow, partner, iModerate. “They perceive the technology would generally better the home experience. Only 7 percent indicated concern that it would make their homes feel cold and uninviting, whereas the majority envisioned smart home technology as a silent task-master, freeing up time they’d typically spend on household chores and, in turn, allowing them more time with their families.”

Source: iModerate

Published with permission from RISMedia.


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