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 in Flux

July 31, 2015 1:42 am

According to Freddie Mac’s recent Primary Mortgage Market Survey ® (PMMS®), the average 30-year fixed-rate mortgage (FRM) ducked beneath four percent to 3.98 percent amid ups and downs on the home front and overseas.

The survey also indicates the average 15-year FRM declined to 3.17 percent, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) moved down to 2.95 percent, and the 1-year Treasury-indexed hybrid ARM decreased to 2.52 percent

“Monday’s eight percent decline in Chinese stock prices triggered similar–though smaller–sell-offs in global equity markets,” says Freddie Mac Chief Economist Sean Becketti. “The associated flight to quality drove U.S. Treasury yields down nearly five basis points. Accordingly 30-year fixed-rate mortgages fell six basis points to 3.98 percent.

“Recent housing data exhibited the same good news, bad news pattern as overseas developments,” Becketti continues. “Coming into this week, existing-home sales for June and the latest FHFA house price measures both suggested a stronger tone in the housing market. However, this week brought nothing but bad–or at least weaker-than-expected–news. New-home sales and pending-home sales both weakened and the Case-Shiller house price indices, while positive, fell below the lower end of expectations. Finally, the inadvertent release of Fed staff projects increased uncertainty over the timing of future Fed rate moves.”

Source: Freddie Mac

Published with permission from RISMedia.


5 Summertime Safety Tips for Your Pet

July 30, 2015 1:39 am

While enjoying the dog (and cat!) days of summer, it’s easy to lose sight of your pet’s safety. Whether you and your furry friend are out soaking up the sun, traveling on a road trip or playing host to a backyard barbecue, keep in mind these summertime safety tips recommended by the American Society for the Prevention of Cruelty to Animals (ASPCA).

1. Train your pets for travel.
Traveling can be highly stressful for pets. If you’re planning a road trip, prep your pet in advance by taking short rides in the car and getting them used to riding in a crate or car harness.

“Pet owners should never leave their animals unattended in a parked vehicle,” says ASPCA Animal Hospital Vice President Dr. Louise Murray. “Parked cars, even with windows open, become very hot in a short amount of time and could lead to heatstroke or death.”

2. Hydrate your pets often.
Dogs and cats can become dehydrated quickly, so give them plenty of water when the weather is hot. Always make sure your pet has a shady place to escape the sun. Don't let your dog linger outdoors, especially on hot asphalt – their bodies can heat up quickly, and sensitive paw pads can get burned.

3. Avoid feeding your pets festive foods. Food and drinks at backyard barbecues or parties should be served only to people, not pets. Keep alcoholic beverages away from pets, and remember that any change of diet – even just treating them to a bite of your festive food – may give your dog or cat severe digestive ailments. Make sure to avoid raisins, grapes, onions, chocolate and products with the sweetener xylitol, which are all toxic to pets.

4. Outfit your home for “high-rise syndrome.”
During warmer months, many animal hospitals and veterinarians see an increase in injured animals as a result of “high-rise syndrome,” which is when pets fall or jump out of windows and are seriously or fatally injured. Keep all unscreened windows in your home closed and make sure screens are tightly secured.

5. Always use a leash. Warm weather can inspire longer walks, and while this is exciting for both dog and owner, it’s important that dogs are always kept on leash – with collars and up-to-date ID tags and microchips – to protect them from getting loose and injuring themselves or others.

Source: ASPCA

Published with permission from RISMedia.