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

rehunter145 — Fri, 17 May 2013 00:13:57 +0000

Provided to you Exclusively by Bill Calder

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:
http://vimeo.com/19228431

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.

Mark your calendars! Saturday May 18th, marks the 6th annual Life Rolls On Charity event on Wrightsville Beach! Fun fun fun!

rehunter145 — Mon, 13 May 2013 18:16:53 +0000

Mark your calendars! Saturday May 18th, marks the 6th annual Life Rolls On event on Wrightsville Beach! Each year, our community comes together to help those who are inflicted with a spinal cord injury or disability, enjoy an action packed day on the beach complete with surfing a few waves. Volunteers are needed both on land and in the water- no surfing experience necessary! Come on out to lend a helping hand or moral support. For many of the participants, this is the only day of the year that have convenient access to the beach as a majority are wheel chair bound.

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

For Rent! 711 Ann St. Wilmington, NC 28401. Victory Real Estate Management. Downtown Lease

rehunter145 — Thu, 02 May 2013 17:05:40 +0000

Address: 711 Ann St. Type: Residential Style: 2 Story Bedrooms: 3 Bathrooms: 2 Lot Type: Rectangular Available Date: 5/1/2013

Description

This home has it all! This location is perfect for the downtown lover. Just a few short blocks to all that Historic Downtown Wilmington, and the River Walk have to offer. Also walk to PPD in 3 minutes. Enjoy arts, restaurants, shops, pubs, and clubs all without ever starting your car! Come live the hottest urban lifestyle within hundreds of miles. The historic downtown Wilmington area offers all of the FUN, excitement, convenience, and status that comes with living downtown in a large trendy city, without the outrageous prices!! Furthermore, you are simply a couple of short miles to one of the hottest beaches on the east coast, Wrightsville Beach. Enjoy premier trendy shopping, the best dining the area has to offer, entertainment, and a fun night life. You can catch up on your shopping at hundreds of the most popular retail establishments, grab an amazing dinner at a fine dining restaurant, & catch a great play at Thalian Hall, all without ever getting in a vehicle.

Rocking Chair Front Porch

Tons of Windows to Allow Natural Light

Fresh Paint Throughout

Hardwood Floors

HUGE Screened Porch

Spacious Back Deck with Built in Benches

Open Kitchen

Washer and Dryer Included!

Ceiling Fans

Wooded Backyard

Carolina & Kure Beach Vacation Lodging Giveaway. Valentines Day February Specials, Local Events, and More!

rehunter145 — Thu, 14 Feb 2013 10:49:27 +0000

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.

For Rent! 3009 Russellborough Dr. Wilmington, NC 28405. Northchase. Victory Realty. Pool and More

rehunter145 — Wed, 12 Dec 2012 17:07:49 +0000

Address: 3009 Russellborough Dr. Type: Residential Style: Single Story Bedrooms: 3 “+ a SUN ROOM!” Bathrooms: 2 “Tons of CLOSET Space!” Garage: Double “2 Car Attach-Behind House” Size: 1,850 sq. ft. “Taken from tax records, not measured.” Lot Type: Rectangular Available Date: 12/6/2012

Description

Very QUIET neighborhood in a very convenient location! Just moments to some of Wilmington’s most premier locations such as Porters Neck, Mayfaire, Wrightsville Beach, and Downtown! There is no place more convenient to so many beautiful, popular commercial locations. This area is also wonderful for biking or strolling through the neighborhood. There are miles of quiet neighborhood streets to get out and enjoy. The unit itself features…

Recreation Center with Pool, Tennis, Basketball, Field, and Picnic Facilities!
Beautiful Hardwood Floors
New Carpet & Paint
Propane Fireplace w/ Portable Tank
Beautiful Large Landscaped Yard
TONS of Closet Space
2 Car Garage Hidden Behind House
Partially Fenced
Sunroom
Large Front Porch
Bay Windows
Community Walking Trail and Lakes!
Miles of Quiet Neighborhood Streets
Ceiling Fans
Washer / Dryer
Some Newer Appliances
Huge Master Bath with Double Vanity
Updated Faucets
Lots of Light Dimming Switches

New Hanover County Schools: Castle Hayne Elementary,
Trask Middle, Laney High School.

For Rent! Meadowbrook. 2406 Sapling Cir. Wilmington, NC 28411. Victory Realty. Great Condition. Wood Floors & More!

rehunter145 — Tue, 11 Dec 2012 18:05:18 +0000

Address: 2406 Sapling Cir Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Lot Type: Rectangular Available Date: 12/7/2012Description

Large Rocking Chair Front Porch

Spacious Kitchen

Corian Style Countertops!

Outside Storage Closet

Huge Fenced Yard!

Updated Fixtures and Faucets

Tons of Cabinet Space

Beautiful Fresh Paint Throughout

Chair Rail Accents

Gorgeous Wood Floors

Dedicated Dining Room

Vaulted Ceilings

Ceiling Fans

Huge Master Bath

Custom Shelving

Walk In Closet

Meadowbrook

Gordon Rd. Commercial Complex

Close to I-140, Hwy 17, Market St, Military Cutoff, Mayfaire, and More!

http://www.victoryrealestateinc.com/Wilmington/North_Carolina/Homes/Meadowbrook/Agent/Listing_70783437.html

For Rent! 1118 Bowfin Ln. Carolina Beach, NC 28428. Victory Realty Management. Furnished.

rehunter145 — Mon, 19 Nov 2012 15:06:38 +0000

Address: 1118 Bowfin Ln Type: Residential Style: Bedrooms: 3 Bathrooms: 1 Size: 640 sq. ft. Lot Type: Rectangular Available Date: 11/13/2012

Description

This location is perfect for the beach lover in all of us. You can literally never step foot in a car and have everything you need located within a couple of miles. There are shops, restaurants, grocery shopping, movies, night life, parks, gyms, and hundreds of other recreational activities all located within biking distance of this home. It’s located right in the middle of the island, equal distance to all the best both Carolina and Kure Beaches has to offer. Walk to everything. A short stroll to the Atlantic Ocean makes this the perfect beach living home. The home itself features…

Huge Front and Back Decks!

Spacious Yard with Ample Parking

Outdoor Shower

Gorgeous Hardwood Floors

Beautifully Furnished!

A few Short Blocks Walk to the Beach!

Tons of Windows for Natural Light

Wooded Yard for added Privacy

***Available for a 6 month rental***

For Rent! 706 Torchwood Blvd. Wilmington, NC 28411. Victory Realty. Near Gordon & White Roads. GORGEOUS! FENCED!

rehunter145 — Sat, 17 Nov 2012 13:54:55 +0000

Address: 706 Torchwood Blvd

Type: Residential

Style:

Bedrooms: 3

Bathrooms: 3

Garage: Double, Attached

Size: 1,777 sq. ft.

Lot Type: Rectangular

Available Date: 11/9/2012

Description

Designer Touches

Built in Shelving

HUGE Master Closet

Garden Tub

Dual Sink Vanity

Gourmet Kitchen

Stainless Appliances

Additional Pantry Space

Spacious, Fenced Backyard

Front Loader Washer and Dryer

Ceiling Fans

Screened Patio

For Rent! 4541 Kimberly Way. Wilmington NC 28403 ** Excellent Condition Condo Minutes from UNCW! Quiet Area. Patio. Victory Realty

rehunter145 — Thu, 15 Nov 2012 18:15:34 +0000

Address: 4541 Kimberly Way

Type: Residential

Style:

Bedrooms: 2

Bathrooms: 2

Lot Type: Rectangular

Available Date: 12/1/2012

Description

This is the perfect location for a Wilmington resident. Located right in the middle of town, you are only minutes from everything this great city has to offer. Most importantly you are a short bike ride to UNCW, as well as plenty of popular shops and restaurants. The beautiful nearby Randall park is also perfect for nature lovers. Despite being centrally located, this community is quiet, and peaceful. The grounds and buildings are well maintained, and sure to impress all of your visitors. The unit itself features…Gorgeous FireplaceQuaint courtyard with well manicured landscaping, perfect for backyard BBQs!

Newer appliances

Bamboo floors

Beautiful window box perfect for growing gorgeous plants and flowers!!

A large, open floor plan makes this unit feel huge!

Also included a full size washer and dryer!

For Rent! 524 Catamaran Dr. Wilmington, NC 28412. Victory Realty. Windswept Carolina Beach

rehunter145 — Mon, 22 Oct 2012 11:11:29 +0000

Address: 524 Catamaran Dr. Type: Residential Style: Bedrooms: 3 Bathrooms: 2 Garage: Double, Attached Size: 1,830 sq. ft. Lot Type: Rectangular Available Date: 10/8/2012

Description

This is the perfect location. It’s located just 5 minutes from Carolina / Kure Beaches. Nearby Veterans Park/Ashley High School is where you will find one of New Hanover County’s largest, newest, and nicest park systems. There are tons of ball fields, playgrounds, tennis courts, basketball courts, walking trails, and much more! The school campus is new, and massive. The schools and environment are both excellent. You are also just minutes to Monkey Junction and the New Harris Teeter shopping center. Feel like you are miles away from the city while having everything you need within minutes. On very nearby Carolina Beach, there are shops, restaurants, grocery shopping, movies, night life, parks, gyms, and hundreds of other recreational activities all located within biking distance of this home. The home itself features…

Gorgeous Charleston Style Architecture

Pristine, Newer, Well Kept Community

Stylish Tin Roof Accent

Newer Construction / Appliances

Gorgeous Wooded, Private Views!

Patio

2 Car Garage

Built in Microwave

Dual Sink Vanity

Garden Tub With Separate Shower

Huge Master Closet

Dedicated Dining Room

Additional Pantry Space

Vaulted Ceilings

Washer and Dryer

New Hanover County Schools: Anderson Elementary,
Murray Middle, Ashley High School.