This past week the 10-year yield bounced off the upward resistance line of 2.39% back down to the support line of 2.33% (see graph below). The bond market appears to have reacted to Janet Yellen’s words believing that the number of future rate increases might be reduced. In addition, inflation is lower than expected. Concern has existed that raising rates too quickly will result in damaging the economic recovery. For the moment, those fears have been abated. However, we all know that all this can change quite quickly.
Many of us utilize some sort of CRM to track all of the things that we have to keep an eye on. These include:
- Following up on existing and past orders
- Emails
- Marketing activities
- Etc.
I bring this up as I constantly see folks that have their email inbox be their central repository. Somehow, they find a way to stay on top of things (or at least they think they do). These same individuals often have their voice mail full as well. It does not take a rocket scientist to realize that these folks are probably not too organized.
So what advice can we all give them? Well, I will throw this out to the group this week. What tools are being used that are easy to adapt to that will allow users to become much more organized? Ideally, we all need to coordinate email, customer inquiries, marketing, tasks, our mobile phones, and our desktops to find and follow up quickly on all.
Personally, I am an excel guy. I have a spreadsheet for everything. However, that can be challenging as one scales their business and has multiple people needing access to all data. So, I want to see what advice is provided that can help all. If I do not hear much in return, then I will drop the request and move on to whatever thoughts I wish to share in future weeks. Hopefully, some of you will be willing to share your ideas in this area.
Okay, that is it for this week. As always, I welcome any of your strategic financing questions.
Articles of Interest:
The SF Chronicle reported “Bay Area property assessments hit $1.6 trillion after 7.4% rise.”
Fortune reported “Fed Chair Janet Yellen: Expect Gradual Rate Increases.”
CBS SF Bay Area reported “‘Google Effect’ Could Raise Real Estate Prices In Downtown San Jose.”
See the table below for approximate interest rates.
| Type | Rate | Fixed Term |
| Apartments | 3.635% – 4.520% | 3 to 10 year (30 yr amortization) |
| Commercial | 3.965% – 4.820% | 3 to 10 year (25 yr amortization) |
| Construction | Call for Rate | Call for Rate |