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 Trail Year High

May 15, 2015 2:42 am

The average 30-year fixed-rate mortgage (FRM) rose to 3.85 percent, trailing closely behind the year high, according to Freddie Mac’s recent Primary Mortgage Market Survey ® (PMMS®).

“Mortgage rates rose for the third consecutive week as 10-year Treasury yields continued to climb,” says Freddie Mac Deputy Chief Economist Len Kiefer. “The labor market continues to improve with the U.S. economy adding 223,000 jobs in April, a solid rebound from merely 85,000 job gains in March. Also, the unemployment rate dipped to 5.4 percent in April as the participation rate ticked up to 62.8 percent and jobless claims were far less than expected.”

The 15-year FRM average also increased, climbing to 3.07 percent. The 5-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged 2.89 percent, representing a slight decrease. The 1-year Treasury-indexed ARM average rose to 2.48 percent.

Source: Freddie Mac

Published with permission from RISMedia.


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4 Tips for a No-Stress Move

May 15, 2015 2:42 am

(BPT) - Moving can lead to new, exciting possibilities, but it also means leaving behind the people and places you love. While some sentimental items can be taken to your new place, many memories just aren't transportable. To ensure your treasured belongings arrive safely to your new home, be prepared with these no-stress tips.

1. Make Room for New Memories


Taking every item of sentimental value with you to your new home is not always possible. Moving is the perfect opportunity to organize and purge items you don't need or won't use in your new residence. To lessen the load on moving day, hold a garage sale or donate unwanted items to a local charity. If you're trying to sell your current home, the less clutter the better.

Once you've determined which objects will make the move, decide where they'll go in your new place. Make the unpacking process simpler by creating a plan for your new space in advance and pack according to where things will go, not by where they've been.

2. Organize, Don't Agonize

Starting the process early can help avoid nerve-wracking, last-minute packing, and give you time to be a bit nostalgic. Before you begin boxing things up, take videos and photos of each room to preserve your memories of that space. Don't forget to include outdoor areas like a backyard tree house or handprints in the patio cement.

Then, make a checklist of everything you need to accomplish before moving - packing, cleaning, cancelling and restarting utilities, registering the kids for school - and set a timeline for completing each step. Once you're ready to start packing, work room by room to make the task seem more manageable. Start with decorative pieces that you can go without for a month or so, keeping items you need daily for last.

3. Protect Delicate Possessions

To ensure your belongings arrive safely, it's essential to pack possessions with extra care. Safeguard breakables with wrapping materials designed to protect fragile goods, such as bubble wrap cushioning, for the best protection.

Next, pack items in clean, sturdy containers in a variety of sizes. Use large boxes for bulky, yet lighter furnishings, such as pillows and blankets, and place heavier objects in smaller boxes to avoid unnecessary strain. Seal boxes securely with a durable packaging tape.

Be sure to label boxes clearly, marking them on the sides of the boxes, not the top. This step makes it obvious what's inside, even if they're stacked. You also can use different colored or printed packaging tapes to color code each room - red for the bedroom, blue for the kitchen.

4. Have Help on Hand

If you’re moving to a location close to your old home, recruit friends and family to help with packing and unloading on moving day. You'll love showing off your new place, and it'll help with the transition to see that loved ones aren't too far away to make the trip.

Put together an "open me first" box with the gear you'll need immediately, such as tools to assemble furniture, cleaning supplies and shelf liner for drawers, closets and kitchen cabinets.

Published with permission from RISMedia.


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