Category Archives: Lending

Here are some fun weekend and upcoming events in our area!

Here is your Alpha Mortgage events calendar for the weekend of August 29th and upcoming events in the near future.  These are events in and around the areas where you will find your neighborhood Alpha Mortgage.  Whether you are a first time home buyer, refinancing, or need a friendly qualified mortgage specialist to answer your mortgage questions, you can count on Alpha Mortgage. Our offices are in Wilmington (910-256-8999), Fayetteville (910-484-7272), Jacksonville (910-347-7283), & New Bern (252-634-3000). We look forward to educating and empowering you!

 
Wilmington
8/29
Downtown Sundown Concert Series
Opening Band:  The Hotliners
Headliner:  Departure (Journey cover band)
Where: In front of old courthouse by the Cape Fear river (Riverwalk Park/5 N. Water St.
Time: Opening Act 6:00 pm
Cost: Free
Click Here for the event website
The great weekly concert series is back and this weekend you have the opportunity to experience Departure, the best Journey cover band in the United States.  In addition to seeing two great acts, you are also helping to support Oasis NC  (click here to learn more) when you buy a charity band.

 
Jacksonville
Saturday 8/30
The Comedy Zone
Where: Orleans House
Time: 8 PM
Click Here for the event website.
Click Here for the Google map
Comedy has a home in Jacksonville and that’s at the Orleans House.
Each Saturday the Orleans House offers a two-act comedy show with a feature act and a nationally known headliner.  Get your laugh on and come out this Saturday.
 

Fayetteville
Friday – 8/30
Rogue Rollergirls vs. Cape Fear Rollergirls
Where: Crown Coliseum
Time: 7:00 PM
Cost: $10 ($12 day of), $6 kids 7-15 ($8 day of), $8 military ($10 day of), $5 military kids ($7 day of)
It’s the home town girls of Fayetteville vs. the ladies of the beach when these two power house roller derby teams collide in what is sure to be an epic match.

 
New Bern
August 30
Stanley-Spaight Duel
Where: Tryon Palace
Time: 4:00pm,
Cost: $6 per adult, $3 per student; included with regular admission
Click Here for the event website
A reenactment of the famous duel between 1802 a prominent New Bern lawyer and a North Carolina former governor.

 
Crystal Coast (Morehead City, Atlantic Beach, Emerald Isle, Beaufort, & Newport)
Saturday 8/30
Nantucket in concert
Cost: $20
Where: Morehead Center for the Performing Arts
Time: 8 PM
The band born out of Jacksonville, N.C. became one of the top acts in the country with hits like “Heartbreaker” (1977), “She’s No Good” (1977), “Quite Like You” (1978), “Girl, You Blew a Good Thing” (1978), “Gimme Your Love” (1979), “Put Out or Get Out” (1979), “Hiding from Love” (1983)

Mortgage Market Update 08-22-14

Sales of previously owned homes rose in July from April, signaling that the housing recovery that stalled at the end of 2013 may be back underway. The National Association of REALTORS® (NAR) reported that Existing Home Sales in July rose to their highest pace of the year, up 2.4% from June to an annual rate of 5.15 million units. Estimates were calling for 5.00 million. An NAR spokesman said that “tamer price increases are giving prospective buyers less hesitation about entering the market.”

The Labor Department reported that Americans filing for first time unemployment benefits declined in the latest week as the job market turns the corner to greener pastures. Weekly Initial Jobless Claims fell by 14,000 to 209,000 as claims hover near pre-recession lows. The four-week moving average of claims, which irons out seasonal abnormalities, rose by 4,750 to 300,750.

Bank of America has agreed to pay a whopping near $17B in fines related to its mortgage lending and is the largest ever between the government and a single company. This brings the total tab of fines to near $80 billion, which all stem from the financial crisis. The bank acquired home loan lender Countrywide and Wall Street titan Merrill Lynch & Co. when both were on the brink of insolvency during the housing crisis.

Fun Things To Do In Eastern North Carolina

Here is your Alpha Mortgage events calendar for the weekend of August 15th and upcoming events in the near future. These are events in and around the areas where you will find your neighborhood Alpha Mortgage. Whether you are a first time home buyer, refinancing, or need a friendly qualified mortgage specialist to answer your mortgage questions, you can count on Alpha Mortgage. Our offices are in Wilmington (910-256-8999), Fayetteville (910-484-7272), Jacksonville (910-347-7283), & New Bern (252-634-3000). We look forward to educating and empowering you!

 
Wilmington
8/15
Downtown Sundown Concert Series
Opening Band: Brent Stimmel
Headliner: Slippery When Wet (Bon Jovi cover band)
Where: In front of old courthouse by the Cape Fear river (Riverwalk Park/5 N. Water St.
Time: Opening Act 6:00 pm
Cost: Free
Click Here for the event website
The great weekly concert series is back and this weekend you have the opportunity to experience Slippery When Wet, one the best Bon Jovi cover bands on the East Coast. In addition to seeing two great acts, you are also helping to support the Centre of Redemption (click here to learn more) when you buy a charity band.

 
Jacksonville
Saturday 8/16
The Comedy Zone
Where: Orleans House
Time: 8 PM
Click Here for the event website.
Click Here for the Google map
Comedy has a home in Jacksonville and that’s at the Orleans House.
Each Saturday the Orleans House offers a two-act comedy show with a feature act and a nationally known headliner. Get your laugh on and come out this Saturday.

 
Fayetteville
Friday – 8/22
Title FC 29
Where: Crown Coliseum
Time: 7:00 PM
Cost: $123, $73, $53, $38
The headliner of this ultimate event will be Mike Ricci, who defeated Jorge Gurgel by first round TKO in the main event of Titan FC 27, and George Sotiropoulos who will be fighting for the first time since of October 2013.

 
New Bern
August 15 & 16
“Joseph and the Amazing Technicolor Dreamcoat” Performance
Where: RiverTowne Players at the Historic Masonic Theatre
514 Hancock Street
Time: 8:00pm, August 10, 2014: 3:00pm
Cost: Advance tickets are $16 and can be purchased the following ways:
-Online at www.ShowTix4U.com
-Bank of the Arts, 317 Middle Street, (252)638-2577
-SnapDragon’s, 214 Middle Street, New Bern
Click Here for the event website
The Biblical story of Joseph and his coat of many colors is brought to life in this wonderful musical parable. Lyrics are by Tim Rice with music by Andrew Lloyd Webber.
 

Crystal Coast (Morehead City, Atlantic Beach, Emerald Isle, Beaufort, & Newport)
Friday 8/15
Lorrie Morgan in concert
Cost: $30 – $40
Where: Morehead Center for the Performing Arts
Time: 8 PM
Since she was a little girl performing at the Grand Ole Opry, Lorrie Morgan has been wowing crowds with her beautiful voice. Her best songs include Five Minutes, Dear Me
Except For Monday , A Picture Of Me (Without You), & ‘Til A Tear Becomes A Rose.

Mortgage Market Update – 08-13-14

U.S. consumers spent less in July at retail locations across the nation as the economy lost some economic momentum headed into the third quarter. The Commerce Department reported that Retail Sales in July were unchanged led lower by a decline in sales of motor vehicles and parts sales, furniture and home furnishing stores as well as electronic outlets. Economists were looking for a 0.3% increase and the 0.0% was the lowest level in six months.

The Mortgage Bankers Association (MBA) reported on Wednesday that total home loan applications fell by 2.7% in the latest week. The refinance index fell by 4%, while the purchase index declined by 1%. The MBA said that the 30-year fixed rate with conforming loan balances was at 4.35%, near 12-month lows.

Popular retailer Macy’s reported on Wednesday that second quarter sales were not enough to make up for the dismal numbers in the first quarter, when the severe winter weather kept shoppers away from stores. The 158 year-old company also cut its full-year same-store forecast while reporting that earnings per share came in at 80 cents, below the 86 cents expected. Macy’s is looking to the back-to-school sales season to make up for lost sales earlier in the year.

Mortgage Market Update 07-28-14

The upward trend of home prices continued in May, rising .9% from April and up 5.9% from a year ago, reported Black Knight Financial Services. The analytics and data company also said that 20 of the largest 40 metros all reported month-over-month gains. Black Knight went on to say that Colorado and Texas home prices hit new highs in May. Of the 20 largest states, prices are still 32.4% lower than their April 2006 peak.

The National Association of REALTORS® (NAR) reported on Monday that June Pending Home Sales fell by 1.1% from May and down 7.3% from June 2013. Despite the declines, the index is still above 100, which is considered an average level of contract activity. The NAR said that the housing market is stabilizing, but there are ongoing challenges with supply shortages, flat wages and tight credit.

Gasoline prices across the country have been trending lower in the past month and have fallen 24 consecutive days due to abundant refinery production, despite the geo-political tensions in Gaza Strip and Ukraine. The AAA national average for a regular gallon of gasoline is $3.52, five cents lower than last week and 16 cents below one month ago. Here in the U.S., refinery production reached its highest level of the year, which is helping to push prices lower.

Mortgage Market Guide 07-22-14

The housing sector received some good news on Tuesday as the National Association of REALTORS® reported that June Existing Home Sales rose by 2.6% from May to an annual rate of 5.04 million units. That was slightly above the 5.0 million expected. However, the 5.04 million is 2.3% below the 5.16 million recorded in June of 2013. The median sales price in June was $223,300, a 4.3% increase from last year, marking the 28th consecutive month of year-over-year gains. Sales are based on single-family, town homes, condominiums and co-ops.

Higher prices for gasoline in June led consumer prices higher, which was somewhat offset by moderating food costs. The Consumer Price Index, a key measure of consumer inflation, rose by 0.3% last month, which matched expectations. Since May of 2013, prices have risen 2.1%. Gasoline prices jumped 3.3%, the biggest increase in a year, while overall food prices rose by a modest 0.1%. The conflict in Iraq pushed oil prices higher in June, which led to the higher gas prices, but most believe that prices at the pump have peaked for the summer.

In earnings news, Coca-Cola reported lower than expected revenues in North America, failing to show growth for the second consecutive quarter. Coke sales as well as Pepsi have been declining as developed countries such as the U.S. become more health conscious and look for healthier alternatives. The soda maker reported earnings per share of 58 cents, which was lower than the 59 cents recorded in the same period last year.

Mortgage Market Update 07-01-14

Home price appreciation in the past few years may have topped out, says a report from Bank of America Merrill Lynch. The bank said that Americans should prepare for a few years of stagnant prices. Home prices were undervalued by 6% at the end of 2011, says the report, but are now nearly 10% overvalued. Merrill Lynch doesn’t feel like this is a housing bubble like the one back in 2006 when prices were overvalued by 59%, which resulted in price declines of 35% over the next six years.

With summer at full blast, the season calls for outdoor grilling on your propane tank grill. Your propane gas grill could be a ticking time bomb if not used correctly. Each year there are 7,000 gas grill fires, according to the National Fire Prevention Association, many from leaking propane. People continue to turn on the gas, leave the cover down, then hit the grill igniter and they get an explosion from a buildup of gas. The proper way to light the grill is to open the cover, turn on the gas and quickly hit the igniter. And don’t lean over the grill for fear of your face getting singed or worse. Be safe this summer.

Wall Street Stock prices are lower to begin the week due to the ongoing geo-political news out of Russia and the Gaza Strip. The European Union minister meeting is this week and one of the main topics being considered is whether or not further sanctions are to be levied against Russia over its alleged involvement in the downing of Malaysia Flight 17 last week and its continued military presence in Ukraine.