Theme for the week: Inspiration

What a weekend we had in Philadelphia!

View of the 2012 Philadelphia Marathon finish line

Thousands of runners and even more spectators had their sights set on the finish line of the 19th annual Philadelphia Marathon on Sunday! It was the makings of a perfect day for a run, Sunday’s weather conditions–with clear skies and a high of 52 degrees–seemed ideal for running. Philadelphia showed its true colors when it opened 1500 slots to the displaced NYC Marathon runners after the wrath of Hurricane Sandy.

Congrats are in order to local hero and Ardmore’s own Michael McKeeman who won this year’s Philadelphia Marathon after coming in second 6 years ago with time of 2:17:47, amazing! Second place finisher Scott MacPherson took second place in his first-ever marathon competition with a time of 2:17:51. Two more hometown favorites won their Masters Division-Rachid Bensalem for the men, with a time of 2:28:06 and Doreen McCoubrie for the women, with a half marathon time of 1:23:22.

I witnessed an historic performance by women’s champion Irina Mashkantceva, breaking Mariska Kramer’s 2011 course record with a time of 2:35:35 taking a spot in the record books in her first marathon on U.S. soil!

There was great energy in the city this weekend with tons of visitors in to participate and support the marathon. I was inspired and am toying with idea of training for next year’s Philadelphia half marathon, MAYBE!

Ok enough about my pipe dream of running a marathon and onto other inspiring news in the real estate world. I wanted to pass along the latest Mortgage Rates, friend and colleague Jason Griesser at Trident Mortgage shares with me every week.  There was little market moving news for mortgage rates this week. Little apparent progress was seen regarding the US fiscal cliff or the debt troubles in Europe. Since it’s extremely difficult to estimate the impact of Hurricane Sandy, investors did not give much weight to the US economic data released this week. As a result, mortgage rates ended the week unchanged.  This year’s real estate market in Philadelphia has shown signs that the ever feared “bottom of the market” may have come and gone. Have you been thinking of buying a new home or purchasing an investment property?  Interest rates for a 30 year fixed rate with zero points quoted at 3.375%, how’s that for inspiration!

Now may be the time and I am always here to help you explore all of the options available to help you gain the knowledge and information to make the right decision for you.


Speak Your Mind