Last week saw the 10-year yield rise up very slightly.  Right now we are in a holding period awaiting the FED’s decision come this Wednesday.  Many believe that the expected rate increase is already factored into the existing rates in the market.  Stay tuned as we will all know a bit more by this time next week.

Business Building and Centers of Influence

A lack of inventory remains in both the residential and commercial markets in the SF Bay Area.  This continues to put upward pressure on prices; and, for those representing buyers, it is difficult to get an offer accepted.

My suggestion is to build and reconnect with your Centers of Influence.  As stated before some time ago, let your partners know your top two or three challenges and ask them for feedback on what they would do if they were you and why.  Make sure you do the same in reverse.  Taking this approach often helps build stronger relationships and presents additional opportunities.  Also,  it can help you in becoming more efficient/effective with opportunities that already exist.

Have a good week.  Please feel free to reach out to discuss any of your strategic financing needs.

Articles of Interest: 

Business Insider reported “10 US cities where everyone wants to live right now.”

The SJ Mercury News reported “Google, San Jose plan search giant’s downtown expansion; up to 20,000 jobs possible.”

NREI reported “Six Situations Where a Property Management Company Can Save You Time and Money.”

The SJ Mercury News also reported “Evicted: Loan scheme costs couple their San Mateo home.”  With loan and wire fraud on the increase, this is a reminder to all.

See the table below for approximate interest rates.

Type	Rate	Fixed Term
Apartments	3.610% – 4.410%	3 to 10 year (30 yr amortization)
Commercial	3.940% – 4.710%	3 to 10 year (25 yr amortization)
Construction	Call for Rate	Call for Rate