RE/MAX Accord
MIGUEL VELAZCO, MBA Realtor®_CAL_BRE_License#:001361531

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Brief  note from the desk of Miguel VELAZCO Sr. MBA

Week of: Monday, July 02, 2012

Present Market Conditions
Monday’s bond market has opened in positive territory due to a much weaker than expected reading from today’s important economic report. The stock markets are reacting negatively to the same news. The bond market is currently up, which will likely improve this morning’s mortgage rates over Friday’s morning pricing. Limiting this morning’s improvement is bond weakness from late Friday that is being reflected in this morning’s rates.

Today’s very important data came from the Institute of Supply Management (ISM), who announced that their manufacturing index fell to 49.7 last month, well short of the 52.2 that was expected. But more importantly, it fell below the very closely watched threshold of 50.0. A reading below 50.0 means that more surveyed manufacturers said business worsened during the month than those who said it had improved. That is considered to be a recessionary sign because it points towards a contracting manufacturing sector. It was also was the first time below 50.0 since July 2009, raising more concerns about the economic recovery that makes the news quite favorable for the bond market and mortgage rates.

The Commerce Department will post May's Factory Orders data late tomorrow morning, which is similar to the Durable Goods Orders report that was released last week. The biggest difference is that tomorrow's report covers both durable and non-durable goods. It usually doesn't have as much of an impact on the bond market as the durable goods data does, but can lead to changes in mortgage pricing if it varies greatly from forecasts because it measures manufacturing sector strength. Current expectations are showing a 0.4% increase in new orders from April's levels. A decline in orders would be considered good news for the bond market and could help lower mortgage rates slightly tomorrow.

The U.S. financial and mortgage markets will be closed Wednesday in observance of the Independence Day holiday. They will also close early tomorrow afternoon ahead of the holiday and will reopen Thursday morning for regular trading hours. Considering recent events from Europe, who will treat Wednesday as any other day of business, we could see bond traders sell holdings before the 2:00 PM ET close tomorrow to protect themselves over the holiday. That raises the possibility of seeing an upward revision to mortgage rates tomorrow afternoon.

Overall, I am expecting to see a fairly active week for the financial markets and mortgage rates. The most important day of the week is Friday due to the monthly Employment report being released, but today’s surprise also is one of the week’s big moments. We also need to watch the stock markets as the can also heavily affect bond trading if they rally or go into a sell-off any day of the week. Therefore, I recommend maintaining contact with us


Miguel Velazco, MBA


Cell Direct:        (510) 938-1866


Toll Free:             888MIGUEL8 (888-644-8358)

Website:                                              Email:                   888MIGUEL8                                                   


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What my clients are saying  

Miguel is an excellent professional; he is the best real estate agent that I could have known. I met him a in the middle of my plans to sell my home. He was a rare to find personality on these days. He is a very dynamic person and never leaves behind what can be done now. He is very efficient, totally results-oriented. He gave me the best orientation before, during and after the sale of my home. My right arm. He was always pending of each step to be taken, the promotion, the offers, the deadlines and terms of the sale, the inspections, the Title Office, the contract, closing the sale, there was not a moment when he did not stop orienting me. And of course thanks to him I sold my house above the price originally offered and in less than a month. If you don't hire Miguel for the sale of your house, forgive me, but you're a fool.”


~ gaproano (Zillow Review)

“...I have employed the services of Miguel Velazco as listing agent. He is a true Professional. ...I have never had a smoother transaction from listing to end of sale ever. Anyone using Miguel’s services would be very fortunate.” ~Easter Jestadt [84 years young]”






APRIL 2015 SAN RAMON SELLERS "...It is our immense please to recommend Miguel Velazco to anyone looking to buy or sell a home. ...aggressive marketing campaign,... team of talented individuals,... masterful marketing strategy,... he kept us apprised throughout the entire process and made certain the entire process is pleasant for us the seller,... thanks to the magic work of Miguel Velazco..."



RE: Recommendation letter To whom it may concern: It is a genuine pleasure and honor for me to recommend Miguel Velazco Sr., MBA, a wealth builder-Realtor. In today’s global interconnected world, Miguel possesses unique well-rounded attributes transitioning from residential to commercial Real estate sales. Miguel’s office has a fascinating blend of multi-cultural and multi-lingual real estate team. He is highly educated, he understands real estate Legal, Ethical, Marketing, and Win-Win Negotiations; he is able to manage complicated challenging transactions with intelligence. Miguel provides exceptional service; it is a delight to work with him and his team. I always recommend Miguel to my close friends and corporate clients all over the US territory. If you have any further questions I can be reached direct via email at: Sincerely, Shulin Cui, CEO SilicaStar



To: Mr. Miguel Velazco RE/MAX Dear Miguel, On behalf of my mother, sister and myself, I want to thank you so much for your undying efforts to sell our property from our family trust. My mother has peace of mind & she is thrilled. We knew from the start this property would be a difficult sale due to its condition and the mitigating circumstances surrounding it. You never wavered in your efforts to sell it, and you did everything in your power to administer the terms of the sale as we requested. To your credit, you never asked us to accept an offer or terms we were not comfortable with like so many other realtors might have done just to accomplish a quick sale. Every decision you helped us make was with our best interest at heart. Your honesty, professionalism, and determination set you apart from other agents in your field. Thank you Miguel, we will never sell another property without your representation. Sincerely, Diana Wyllie [] Irene Liranzo Sandra Seat



Recently I contacted Miguel's team in order to sell my home. Although market adverse value/condition of house, Miguel's team not only sold my home at a price I was comfortable with but the team did it all inside of 39 days from listing to close! They are very organized, knowledgeable and detail oriented. I would not even consider attempting another real estate transaction without them.


~ Country Club

"I have not found another Agent that is half the quality... he is the asset you want on your side. MIGUEL is a prompt and efficient "go getter". I have used him twice to sell and purchase a home and our last sale took just 35 days from list to close. THE TEAM is extremely knowledgeable about what needs to happen and when, he is also not afraid to push if others are falling behind. For any person expecting professionalism in their Realtor. The Meltzers"


~ Relocation

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