Category Archives: Charlotte

Queens welcomes largest freshman class in university’s history

CHARLOTTE — Queens University welcomes more than 350 first-year students for its start of classes today. School officials say the group marks the largest first-year class in the university’s history.

Traditional enrollment has grown almost 40 percent over the past four years.

“We look forward to seeing the contributions that these new students will make and to keep building upon other recent successes,” Queens President Pamela Davies said in a press release Tuesday.

The first-year students represent 30 states and 18 countries.

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30-Year Mortgage Rate Remains Nearly The Same

The 30-year fixed-rate mortgage edged up just slightly, averaging 5.03 percent for the week ending October 29, 2009, up from last week when it averaged 5.00 percent, according to Freddie Mac. Last year at this time, the 30-year averaged 6.46 percent.

The 15-year this week averaged 4.46 percent, up from last week when it averaged 4.43 percent. A year ago at this time, the 15-year averaged 6.19 percent.

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.42 percent this week, up from last week when it averaged 4.40 percent. A year ago, the 5-year ARM averaged 6.36 percent.

The one-year Treasury-indexed ARM averaged 4.57 percent this week, up from last week when it averaged 4.54 percent. At this time last year, the 1-year ARM averaged 5.38 percent.

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“Interest rates for 30-year fixed mortgages have averaged just below 5 percent this year, which is the lowest 10-month average since the survey began in 1971,” said Frank Nothaft, Freddie Mac [FRE  1.219    0.059  (+5.09%)   ] vice president and chief economist. “As a result, refinance activity has accounted for almost seven out of 10 mortgage applications on average this year, according to Freddie Mac’s survey.”

Wilmington, NC Mortgages

This year, shed gloom and doom of 2008!

I drove past the local YMCA and noticed the jammed parking lot. Everyone has made New Year’s resolutions, and chief among these is shedding those holiday pounds. There is much about 2008 I’d like to shed, most notably the gloom and doom.

“Now is the Winter of our discontent.” The line from Shakespeare’s Richard III floats into my head. I can’t stop it. I was an English major, and the voices of poets carefully studied stay with me.

Discontent was very big in 2008. As a financial adviser, I got the message. While we may have “reason to lament what man has made of man” (Wordsworth, “Lines Written in Early Spring”), beginning the New Year by predicting doom will only get us a self-fulfilling prophecy. Instead of wringing our hands over 2008, we should grasp the promise of 2009.

We each need a plan.

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Giving in high gear for bikes

A last-minute rush of support from Mecklenburg County residents has helped The Spokes Group pay for 2,000 bikes it gave away to low-income families at Christmas.

The Observer featured the 15-year-old south Charlotte charity in a Dec. 22 feature about the Salvation Army’s Christmas Bureau. The Spokes Group gives bikes to needy children every year, but its efforts were in trouble because a shortage in donations left the group about $50,000 short of the money it needed. Continue reading