Good afternoon,
That’s right, that says March. Seems a little early in the
year for March, to me.
Sequestration had a positive effect on bonds. And stocks, as
stocks approached the all-time record.
Bernanke claimed he could keep QE3 going into next year,
that had to help bonds, too, but didn’t move the dial. Probably because so much
money is going into stocks.
The 10 year treasury closed at 1.85%, a 6 week low.
The Dow closed at 14,090, the highest it has been since
October 2007. Jess R. Gabaldon is predicting a pullback.
The dollar is at $1.292/Euro, the strongest in 3 months.
The MBS is back to where is was in late January. Pretty
good, but off the best it has been.
The attached rates are the same or better over last week.
Jumbos – we’ve been adding new investors at a rapid rate.
We’ve got some great rates, pretty good turn times, and so far realtively
painless process. At least on the Jumbos I’ve done of late.
Referring
People frequently ask us how
to get people to call us. If someone is pre-approved, how does one get them to
get pre-approved with us?
Here is a script that people
have said works well.
“I appreciate the fact that
you’re already pre-approved. Most of my clients are. I have a financial
professional that I work with - Greg Vanslow with Princeton Capital – he’s one
of the best in the business. I have all my clients speak with Greg before we go
out to look at Real Estate. Whether or not you decide to work with Greg,
a 20-30 minute conversation with him will help me to help you buy the home of
your dreams. Would you like to call Greg’s office, or shall I have him get in
touch with you?”
If you give them my number
there is about a 33% chance they will call, but it is better than zero. If you
give me their number I will call them.
Wine
2003 Chapelle Saint-Joseph, Vacqueyras - $13.99 @
Wine Club - Vacqueyras is near in southern Rhone near the Rhone’s most
famous village.
“This is every wine lovers dream. Finding a perfectly
aged wine, that is so affordable you can drink it on a regular basis. No guilt.
No regrets.
This is beautiful Vacqueyras originally sold for $19 back in
2005. But now that it's perfectly aged (and at it's absolute best), the
importer wants to get it off their balance sheet. Crazy the way that works, but
so good for us as wine drinkers!
Perfectly Aged, and Absolutely Delicious!
Silky and medium in weight, this has soft cherry fruit,
caramel, cashews, garrigue, smoke and beef consume flavors that are really well
integrated into the wine's structure. This is broad and complex in the mouth,
with enough just enough acidity and grip to pull it all together in a complex,
delicious package. This is one of those wines that gets better and better as
you delve into it's subtleties and nuances. The 10 years of age of the wine has
given it a really nice patina, and it's in a really good place right now, and
will pair with a wide variety of food. Drink over the next year or two.”
Dean Alexander, Wine Buyer San Jose
2011 Züm Mosel Riesling ($9.99 @ K&L Wines) I’m
reluctant to advertise this until I’ve got mine, but here it is. Riesling (and
sauvignon blanc) is the ultimate food wine.
“First, we start out with a wine that is without question
one of the top buys here at K&L. Züm is a mouth-watering and food-friendly
Riesling from Germany's famed Mosel river valley, made from grapes grown in
steep slate hillside vineyard plots surrounding the ancient town of Bernkastel
(overlooking the Landshut castle depicted on the label). It retains all of the
Mosel mineral character and drive, but at a ridiculous $10 price! This is a
nice juicy style, exhibiting racy notes of lime, apple, honey, and lively slate
minerality, with vibrant acidity balanced by just a touch of sweetness that
will leave your palate satisfied and refreshed. A perfect wine for any party
and to have as an everyday white for the house, this pairs nicely with food but
also works as a delightful cocktail wine. No reason to be shy, this one is way
too good to pass up. Don't let this one 'Zum' past you -(Sorry, I had to do
it)!” -Eric Story, German wine buyer
Wine & Spirits: "Extreme Value: Sweet peaches and
firm acidity are balanced by just a touch of sweetness that will leave your
palate satisfied and refreshed. Delicious and versatile, pair freely and with
confidence!" (12/2012)
2009 Von Hövel Estate Kabinett (Previously $17)
($12.99 @ K&L Wines) I’ve bought several previous vintages of this in bulk.
Great stuff.
90 points Wine Spectator: "There's balance between the
ripeness, acidity, silky texture and peach notes in this delicate white, which
has subtle length. That makes this inviting and enjoyable now, though it should
improve over time. Drink now through 2022. 2,200 cases made. –BS"
(12/2010)
K&L Notes: “Personally, I have been a real sucker for
the 2009 vintage. I think the wines have class, elegance and a soft spoken
drive and von Hovel, in typical fashion, delivers this to you in the bottle.
Very clear and focused with edgy minerals, bright tropical fruit and white
peaches. Showing just a hint of the 2009 fleshiness but that magical Saar zip
really brightens up the entire wine from beginning to end. This still has a
long life a head of it.” (Eric Story, K&L German Wine Buyer)
Joe Manekin | K&L Staff Member | Review Date: February
20, 2013
Buy this wine. If you are a fan of classically styled
Riesling, with bright acidity and steely minerality, then this is a no brainer.
If you are simply a fan of delicious white wine, then I repeat - no brainer. I
am not simply saying this because German buyer Eric Story is sitting one
workstation to my right. Honest. I plan on buying at least a case of this
delicious Riesling. Clean, steely Saar Riesling from a great producer for
$12.99 - 'nuff said. Do it.
Gary Westby | K&L Staff Member | Review Date: February
16, 2013
This is delicious Kabinett, and shows the peachy, open knit
fruit of a ripe vintage in the Saar. Underneath the pretty aromatics and the
clean fruit is a tremendous amount of minerality and drive. The Saar, which is
cold enough still to write off a vintage or two every decade, is definitely the
right spot for a ripe vintage like 2009! The finish goes on forever with this
Von Hovel and I promise you will be amazed at the value!
Sarah Covey | K&L Staff Member | Review Date: February
16, 2013
The richness of the 2009 vintage in Germany shows in this
lovely Kabinett from Von Hovel- however, the acidity is perfect and the wine is
balanced and delightfully quaffable. Stone fruit, green apple, citrus and zippy
minerality with medium-plus acidity and a long finish, and just 8.5% abv. At
$12.99, it would do to snap up as much of this as you can. Great for
entertaining- it would be nice as an aperitif wine with nibbly bits like
cheese, nuts & olives, with fish, chicken, spicy Thai or Indian food- or even
on a warm spring evening by itself!
Greg Vanslow
Mortgage Planning Specialist
Princeton Capital
Telephone (650) 917-4263 | Mobile (650)
537-7905 | Private Fax (408) 335-1176
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