Description

This home is moments away from the Crabtree Valley Mall commercial district. Need we say more? Well we can. Just moments away are most of the premier shops, restaurants, and services Raleigh has to offer. In addition, the North Hills Mall is just around the corner too. Almost immediate access to 440 means you can be anywhere in the entire triangle region in minutes, especially the RDU airport. Another amazing attribute to this area is the easy access to the Raleigh Greenway. Over 70 miles of bike trails just outside your door! Bike to, or drive to the massive, famous, and stunning William Umstead Park as well. The community itself is second to none! With quiet sidewalks, you feel tucked away in a world all your own. Enjoy access to a country-club like swim club with fitness center and resort style pool! The home itself features…

Absolute Hottest Raleigh Location

Stunning Wooded Location

Large Beautiful Pool with Chairs

Custom Tile Backsplash

Upgraded Appliances

Gorgeous Bay Window Dining Area

Shaded Large Back Deck

Outside Storage

Plenty of Parking

2 Owners Suites

Upgraded Fixtures and Lighting

Fresh Paint

Huge Closets

Ceiling Fans

Bill Calder
NMLS ID # 91788
Cunningham & Company
Office: 910-383-0064
Cell: 910-231-7676
Toll Free: 877-736-7043
E-Mail: billc@cunninghammortgage.com
Website: www.cunninghammortgage.com/user/billc

For the week of May 13, 2013 — Vol. 11, Issue 19

In This Issue

Last Week in Review: There are signs that the labor and housing markets are improving. But how did home loan rates react?

Forecast for the Week: Important housing, inflation, and manufacturing news is ahead.

View: Still not sure how and when to use social media for your business? Be sure to read the information below.

Last Week in Review

“It all depends on how we look at things.” Those words by Carl Jung describe the importance of perspective…and that’s exactly what the news from last week requires. Read on for details and what they mean for home loan rates.

There was good news as Americans filing weekly Initial Jobless Claims fell to 323,000. This was below expectations and the lowest level since January 2008. In addition, the four week moving average (which evens out any seasonal abnormalities) fell to 336,000–the lowest since November 2007.

The job market is improving, but an important concern remains. The Labor Force Participation Rate (LFPR) is at its lowest level since the late 1970′s. The LFPR calculation is quite simple. If you are 16 years old and not in the military, then you either have a job or you don’t. The ratio of people “participating” or working is then compared to the total population.

In housing news, research firm CoreLogic reported that home prices rose 10.5 percent in March 2013 from March 2012. This was the biggest annual increase since March 2006 and the 13th consecutive increase in home prices. There was also a 1.9 percent gain from February to March and prices increased in all states except four. However, home prices remain 25 percent lower than the peak of April 2006.

What does this mean for home loan rates? Remember that good economic news often causes money to flow out of safer investments like Bonds and into Stocks, as investors try to take advantage of gains. This means good economic news–while a good sign for our recovery–can also be “bad” news for home loan rates, as they are tied to Mortgage Bonds. We saw this dynamic in the markets last week.

However, home loan rates remain near historic lows and now is a great time to consider a home purchase or refinance. Let me know if I can answer any questions at all for you or your clients.

Forecast for the Week

The economic calendar is filled with several key reports this week.

Monday brings the Retail Sales Report for April.
We’ll get a read on inflation at both the wholesale and consumer levels this week with the Producer Price Index on Wednesday and the Consumer Price Index on Thursday.
There’s a double dose of manufacturing news with Wednesday’s Empire State Index and Thursday’s Philadelphia Fed Index.
Thursday also brings news on the housing sector with Housing Starts and Building Permits for April.
Weekly Initial Jobless Claims will also be reported as usual on Thursday.
Ending the week on Friday, the Consumer Sentiment Index for May will be released.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving – and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds fell below a key technical level. But home loan rates remain near record bests and I’ll continue to monitor all the news closely.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday May 10, 2013)

The Mortgage Market Guide View…

Social Media in 3 Links:
Choose the Link that Matches Your Level

You’ve heard it before: “Social media is the future of business” or “If you’re not using social media, you won’t be in business for long.”

Those sentiments can seem like overstatements, but the underlying ideas are still true. Social media is one of the most powerful forces in business today and using it can help strengthen your business relationships.

The key is understanding how and when to use social media.

But who has time? The tools and sites are always changing… best practices can be hard to nail down… and once you have a handle on it, you still have to find the time in your day to actually do it.

Here are 3 links that provide the information you need to be more productive, regardless of what stage you’re at in the social media movement!

1. Need a reason?

The following link provides an eye-catching, 4-minute video that highlights the importance and benefits of social media’s impact on business. Plus, the bottom of the web page lists 28 interesting stats and sources to learn more.

Take 4 minutes to watch this video now:

http://www.socialnomics.net/2013/01/01/social-media-video-2013/

2. More in Less Time

Believe it or not, you can integrate 6 different types of social media into your day in just 30 minutes. If you’re not sure what to do or how to get started–without wasting your entire day online–then this resource is for you.

It features specific steps and suggested times to allocate to each tool. And, it even displays the advice in an easy-to-understand infographic:

http://socialmediatoday.com/brianna5mith/1373116/how-rock-social-media-30-minutes-day-infographic

3. Dig Into the Details

If you’ve already established a social media presence, then it’s time to make sure you understand how to get the most out of your efforts.

Discover why people turn to social media…when the best time to tweet is…and how to move beyond the generic “engage in conversations” advice. Plus, there are plenty of stats and charts to help you see what’s really going on and how you can benefit from it.

Best of all, it’s a video–so you can sit back and take it all in without reading or clicking through slides:

The advice in the links above can help you either get started or make your efforts more productive.

Economic Calendar for the Week of May 13 – May 17

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. May 13
08:30
Retail Sales
Apr
NA

-0.4%
Moderate
Mon. May 13
08:30
Retail Sales ex-auto
Apr
NA

-0.4%
Moderate
Wed. May 15
08:30
Producer Price Index (PPI)
Apr
NA

-0.6%
HIGH
Wed. May 15
08:30
Core Producer Price Index (PPI)
Apr
NA

0.2%
HIGH
Wed. May 15
08:30
Empire State Index
May
3.5

3.1
Moderate
Thu. May 16
10:00
Philadelphia Fed Index
May
2.5

1.3
Moderate
Thu. May 16
08:30
Building Permits
Apr
950K

902K
Moderate
Thu. May 16
08:30
Housing Starts
Apr
970K

1036K
Moderate
Thu. May 16
08:30
Core Consumer Price Index (CPI)
Apr
0.2%

0.1%
HIGH
Thu. May 16
08:30
Consumer Price Index (CPI)
Apr
-0.2%

-0.2%
HIGH
Thu. May 16
08:30
Jobless Claims (Initial)
5/11
330K

323K
Moderate
Fri. May 17
10:00
Consumer Sentiment Index (UoM)
May
78.5

76.4
Moderate

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

As your mortgage professional, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.

In the unlikely event that you no longer wish to receive these valuable market updates, please USE THIS LINK or email: billc@cunninghammortgage.com

If you prefer to send your removal request by mail the address is:

Bill Calder
Cunningham & Company
1022 Grandiflora Drive
Suite 110
Leland, NC 28451

Mortgage Success Source, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Success Source, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.

Food is provided to all participants and volunteers at no cost by Mellow Mushroom and Andys. For more information, email or call the local coordinator: Kevin Murphy kmurphsbu@gmail.com 910.431.0594

Please register to participate or volunteer through the link below!

http://www.liferollson.org/site/c.9rJLK3MLJfLWH/b.8634585/k.5F48/TWSA_Wrightsville_Beach_Application/apps/ka/ct/contactus.asp?c=9rJLK3MLJfLWH&b=8634585&en=aeLDJIMtEdKALJNmFbIGLJOoE8LNLUNlGaIPJWOtEcJPK3MIE

Address: 5237 Meryton Pkwy Type: Residential Style: 2 Story Bedrooms: 3 Bathrooms: 2 “1 Half” Garage: Single Size: 1,850 sq. ft. “Not measured, taken from tax records” Lot Type: Rectangular Available Date: 5/3/2013

Description

Feel like you’re miles away from the city while only being minutes from downtown. This location is just off of the 540 beltline at the Capital Blvd exit just minutes to 440 & Wake Forest. Just a short bike ride to the Durant Lake and Nature Park this area is quiet, and classy. Also located next to great schools and a lot of new beautiful commercial developments. The home itself features…

Beautiful community on the Neuse River.
Hardwood Floors
Separate Upstairs Den
Newer Construction
Garage
Nice Yard
Nice, Newer Appliances
Beautiful Quiet Neighborhood
Low Traffic
Great Schools
Bay Window
Ceramic Tile
Faux Wood Plantation Blinds
Downstairs Half Bath
Large Kitchen with Island Bar
Huge Walk In Closet

Base Schools
Elementary School (K1-01-02-03-04-05)WILDWOOD FOREST ES

Middle School (06-07-08)EAST MILLBROOK MS

High School (09-10-11-12)WAKEFIELD HS

Description

Wakefield, what more can we say? If you are familiar with the Raleigh area then you know all about the unreal charm this area offers. Nestled perfectly between the big city of Raleigh, minutes from Durham, you’ll still feel miles away from ordinary with all the charm of nearby historic Wake Forest. All of Wake County is famous for its sprawling parks and wooded scenery but this location sets the standard. In addition to astounding neighborhood amenities, the nearby YMCA is a community unto itself. Open year around and one of the staples of the area you’ll have choice upon choice of high end luxury amenities. This location is literally perfectly situated next to multiple major arteries to get you anywhere in the triangle extremely fast. Despite this though you will genuinely feel like you live in a small town where everyone knows your name. Located on the golf course and featuring amazing views this home is perfect for the nature and outdoor lover. The home itself features…

Classic Home Design and Distinguished Architecture

Gorgeous Granite Countertops

Multiple (5+) Flat Panel HD Televisions Included!!

Multiple Decks, Porches, and Balconies

Front Entrance Fountain

Wooded, Secluded, Large Lot

Theatre Room with Projector

Wrought Iron Handrails

Custom Ceramic Tile

Custom Light Fixtures

Ambiance Lighting Throughout

Stainless Steel Appliances

Hardwood Floors

Custom Earth Tone Paint

Tile Backsplash

Stunning Murals

Oversized Custom Cabinets

Architectural Touches Throughout. Tray Ceilings, Inlays, etc

Multiple Built in Bookshelves

Gorgeous Stone Fireplace

Screened Porch

Custom Tile Foyer with Vaulted Ceiling and Detailed Wrought Iron Chandelier

Wooden Plantation Blinds

Dining Room has Wrought Iron Chandelier and Stunning Greek Countryside Murals

Open Floorplan

Huge Closets

Large Garage

Large Upstairs Laundry Room

Ceiling Fans Throughout

Multiple Massive Flex Space Rooms. Game Room, Gym, Theatre etc…

Spa Tub and Stunning Tile Shower

Giant Owners Suite and Bath with Double Sinks, Closets, etc.

Owners Suite Sitting Area with Balcony

Famous Wakefield Location

Middleton at Wakefield Plantation (Raleigh, North Carolina, US – 27614)

Description

This area is extremely popular for its close knit neighborhood environment, high end employment opportunities, and overall quality of living. Located in Cary but also right on the border with Morrisville, you are only moments from the RTP or Research Triangle Park which is one of the most prestigious corporate campuses in America. Home to dozens of Fortune 500 companies this area boasts some of the brightest minds and job opportunities anywhere. As a result the surrounding town reflects the high quality of life here. Enjoy major gorgeous shopping centers, a wide array of restaurants, shops, and services. Large gorgeous parks filled with happy residents. An area where you are minutes to anything a large city has to offer yet people know your name almost everywhere you go. Proximity to major highway arteries such as I-40, 440, Wake Expressway, and the RDU airport make this location perfect for someone on the go. The home itself features..

Gleaming Hardwood Floors

Beautiful Fireplace

Gorgeous, Classy Paint Throughout

Ceiling Fans

Dedicated Dining Room

Crown Molding

Newer Appliances

Stunning Tile Back Splash

Above Range Microwave

Designers Touch!

Screened Porch

Huge, Fenced Yard

Double Sink Vanity

Amherst

What better way to spend your Valentine’s Day than Ocean Front during a BEAUTIFUL, SUNNY, WARM weekend? Make the most of Valentine’s Day and spend the weekend at the beach. Victory Beach Vacations is promoting a Valentine’s Day Special. Stay comfortably for 2 nights in a 1 bedroom OCEAN FRONT condo. The package includes an early check in and 5 PM check out. If that is not enough, enjoy a FREE breakfast for 2 at the popular Harbormasters Water Front Restaurant! This Valentine’s Day Package is ONLY $349. If you want to relax with your loved one until Monday, you will receive ½ off your 3rd night!  If you book by 2.15.13 the offer will be extended through February 28.  To book this romantic weekend, please visit http://www.victorybeachvacations.com or call 1-888-256-4804. Don’t miss on a romantic, affordable opportunity to prove your love.  Offer valid on certain units.

This location absolutely has it all!! If you like the idea of a small town where everyone knows your name, then this truly is the place for you. This however is complemented by extremely easy access to everything you could ever need from a large city. It’s nestled nicely just a few minutes to the Raleigh Durham area, and 10 minutes from Wake Tech. This area is a very popular location for employees of RTP / Research Triangle Park due to its proximity, and simplicity. In addition, with easy access to I-40 you can be on the beach in about an hour and a half! Also enjoy the stunningly beautiful Lake Benson just moments away. The home itself features….

Gleaming Hardwood Floors

Upgraded Light Fixtures

Gorgeous, Marble Fireplace

Built in Microwave

Open Kitchen

Tons of Cabinet Space

Clean, Immaculately Maintained

Beautiful, Classy Paint Throughout

Tons of Windows for Natural Light

Vaulted Ceilings

Single Car Garage

HUGE Fenced Yard

Washer and Dryer