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 30, 2012

Present Market Conditions
Monday’s bond market has opened in positive territory following a flat open in stocks. The major stock indexes are relatively calm considering Friday’s rally that pushed the Dow higher. and we will still likely see an increase in this morning’s mortgage rates due to weakness in bonds late Friday.
There is no relevant economic data scheduled for release today. Actually, today is the only day of the week that we don’t have something to watch or be concerned with. With the stock markets currently showing minor gains, concerns about them extending Friday’s rally have subsided, at least for the time being. This has helped buoy bonds and erase part of Friday’s late selling in bonds that cause higher rates on Friday. As long as the major stock indexes remain near current levels, the threat of an intra-day upward revision to mortgage rates should stay minimal.

Expectations
This week brings us the release of six economic reports that may impact mortgage rates, some of which are considered to be highly influential to the markets and mortgage pricing. The first is 2nd Quarter Employee Productivity and Costs data early tomorrow morning. It will give us an indication of employee output per hour. High levels of productivity are believed to allow the economy to grow without fears of inflation. I don't see this being a big mover of mortgage pricing, but it does have the potential to affect bond trading if it shows a significant surprise. Analysts are currently expecting to see an increase in productivity of 0.5%. A stronger than expected productivity reading could help improve bonds, possibly leading to slightly lower mortgage rates tomorrow.

June's Personal Income and Outlays data will also be posted at 8:30 AM ET tomorrow morning. This report helps us measure consumer ability to spend and current spending habits. If it shows sizable increases, bond selling could lead to higher mortgage rates. Current forecasts are calling for an increase of 0.4% in income and a 0.1% rise in spending. A larger than expected increase in income means consumers have more funds to spend, which is not favorable to bonds because consumer spending makes up over two-thirds of the U.S. economy. Ideally, we would like to see declines in spending and income, but the smaller the increase in each, the better the news for mortgage rates.

The third report of the day is the Conference Board’s Consumer Confidence Index (CCI) for July at 10:00 AM ET. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. If consumers are more confident in their own financial situations, they are apt to make large purchases in the near future. This is important because consumer spending makes up such a large portion of our economy. If the CCI reading is weaker than expected, meaning that consumers were less confident than thought and likely will delay making a large personal purchase, we may see bond prices rise and mortgage rates drop tomorrow morning. Current forecasts are calling for a reading of 61.0, which would be a lower reading than June's 62.0 and indicate consumers are becoming less comfortable with their finances.

Guidance
Overall, I am expecting to see an extremely active week for mortgage rates. I think that the most important day is either going to be Wednesday due to the FOMC adjournment and the ISM index being posted or Friday with the release of the Employment report. We also have the European version of the FOMC taking place Thursday, so add that and stock swings to our list of potential market movers for the week. I suspect this will be an active week for real estate.


I can always be reached at:

Toll Free at 1- 888MIGUEL8 (1-888-644-8358)

Email                 888MIGUEL8@gmail.com

Web www.888MIGUEL8.com

Cell Direct       510-938-1866

 

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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]”

 

~ SENIOR TRANSITIONS

------------------------------------------ WHAT OUR CLIENTS ARE SAYING “...REAL COMMITMENT AND CARING… HEARTFELT GRATITUDE...” D.N. CEO ? -- ? “...EXCEPTIONAL SERVICE...IT’S A DELIGHT TO WORK WITH HIM AND HIS TEAM …” S.C. CEO ? -- ? “...I CAN RECOMMEND HIM VERY HIGHLY AND WITHOUT RESERVATION...” L.B. PhD. --

 

~ MORE REFERENCES

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..."

 

~ PHILLIP & MARISSA - SAN RAMON SELLERS

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: scui@silicastar.com Sincerely, Shulin Cui, CEO SilicaStar

 

~ RECOMMENDATION LETTER FROM A CEO

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 [DWyllieEnt@aol.com] Irene Liranzo Sandra Seat

 

~ PROBATE

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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