rates: Can I Refinance a Mortgage on a COVID Forbearance Plan? - 09/13/20 09:30 AM
Can I Refinance a Mortgage on a COVID Forbearance Plan?
  
Back at the end of the first quarter of 2020, the president might still have wanted to downplay COVID, but many real American homeowners suddenly found themselves in dire financial straits and quickly took advantage of the forbearance plans offered by the servicers of their mortgages.  This payment relief allowed them to navigate the most uncertain and immediate impacts of the pandemic and for some, provided a bridge to re-employment and/or firmer financial footing.  Now that some of these borrowers have made readjustments to the new normal, they may wish to take … (21 comments)

rates: Should I Refinance into a 15-Year Fixed Rate Mortgage? - 08/03/19 07:46 AM
Should I Refinance into a 15-Year Fixed Rate Mortgage?
 
With the Federal Reserve tongue-tied and twisted and an easy trade war time-tripping into the future, we find ourselves the beneficiaries of another very appealing low interest rate environment here in the second half of 2019.  This stands to benefit many who have mortgages at higher rates and even some who may not fit that exact bill, but who are focused primarily on reducing the term of their loan and perhaps paying their entire balance off at a faster rate.  We are seeing a number of homeowners who are seeking to determine if … (12 comments)

rates: Lock Watch for the Week of 4/29/2019 - 04/28/19 08:06 AM
Lock Watch for the Week of 4/29/2019
 
Volatility-O-Meter:
FOMC meeting and announcement this week, but no rate change expected.  Still, watch the language and watch the employment report on Friday too.
 
Economicalendar (all times are Pacific):
Mon, 4/29:    Personal Income and Outlays (5:30am).
Tues, 4/30:     Case-Shiller HPI (6am), Chicago PMI (6:45am), Consumer Confidence and Pending Home Sales (7am). 
Weds, 5/1:     ADP Employment Report (5:15am), PMI Mfg Index (6:45am), Construction Spending (7am) and FOMC Announcement (11am).
Thurs, 5/2:    Jobless Claims and Productivity and Costs (5:30am), Factory Orders (7am).  Fed Balance Sheet (1:30pm).
Fri, 5/3:        Employment Situation and Int'l Trade in Goods (5:30am), ISM … (1 comments)

rates: Lock Watch for the Week of 4/1/2019 - 03/23/19 07:26 AM
Lock Watch for the Week of 4/1/2019
 
Volatility-O-Meter:
Full slate of reports this week, capped by employment numbers on Friday.  But the bond market may be poised for a correction and higher rates this week.  Stay on your toes.
 
Economicalendar (all times are Pacific):
Mon, 4/1:    Retail Sales (5:30am), PMI Mfg Index (6:45am), Business Inventories, ISM Mfg Index, Construction Spending (7am).
Tues, 4/2:     Durable Goods Orders (5:30am).
Weds, 4/3:     ADP Employment (5:15am), ISM Non-Mfg (7am).
Thurs, 4/4:    Jobless Claims (5:30am).  Fed Balance Sheet (1:30pm).
Fri, 4/5:        Employment Situation (5:30am).
 
10-Year Treasury History
2.49%     Market Open
2.43%     One Week Ago
2.76%     One Month Ago
2.73%    … (0 comments)

rates: Lock Watch for the Week of 3/25/2019 - 03/23/19 07:26 AM
Lock Watch for the Week of 3/25/2019
 
Volatility-O-Meter:
"I don't know where I'm going, but I sure know where I been..."  We are in uncharted waters this week and the Fed's statement last week creates a new backdrop for rates.  There has been much volatility since the statement and I would expect more still given this week's reports and auctions, but the rate trend is downward, without question.
 
Economicalendar (all times are Pacific):
Mon, 3/25:     Quiet.
Tues, 3/26:     Housing Starts (5:30am), Case-Shiller HPI (6am), Consumer Confidence (10am). 2-Yr Note Auction (10am).
Weds, 3/27:     International Trade (5:30am).  5-Yr Note Auction (10am).
Thurs, 3/28:    GDP and Jobless Claims (5:30am).  … (0 comments)

rates: Lock Watch for the Week of 3/18/2019 - 03/16/19 07:34 AM
Lock Watch for the Week of 3/18/2019
 
Volatility-O-Meter:
All eyes on the Fed this week.
 
Economicalendar (all times are Pacific):
Mon, 3/18:     Housing Market Index (7am).
Tues, 3/19:     Factory Orders (7am).
Weds, 3/20:     FOMC Meeting  (11am).
Thurs, 3/21:    Jobless Claims and Philadelphia Fed Business Outlook Survey (5:30am).  Fed Balance Sheet (1:30pm).
Fri, 3/22:        Existing Home Sales (7am).
 
10-Year Treasury History
2.60%     Market Open
2.64%     One Week Ago
2.65%     One Month Ago
2.85%     One Year Ago
(Need a rate quote for your specific scenario?  Click anywhere on this link.)
 
W.S. Merwin, 1927 - 2019
 
I had hardly begun to read
I asked how can you ever be sure
that what you … (2 comments)

rates: Lock Watch for the Week of 3/11/2019 - 03/09/19 03:10 PM
Lock Watch for the Week of 3/11/2019
 
Volatility-O-Meter:
A lot of key reports this week and on the heels of the real dud of a jobs number Friday.  Could this be an inflection point?  We'll see. Oh, and let's not forget auctions too.
 
Economicalendar (all times are Pacific):
Mon, 3/11:     Retail Sales (5:30am), Business Inventories (7am), 3-Yr Note Auction (10am).
Tues, 3/12:     CPI (5:30am), 10-Yr Note Auction (10am).
Weds, 3/13:     Durable Goods and PPI  (5:30am), Construction Spending (7am), 30-Yr Bond Auction (10am).
Thurs, 3/14:    Jobless Claims and Import/Export Prices (5:30am), New Home Sales (7am).  Fed Balance Sheet (1:30pm).
Fri, 3/15:        Empire State Mfg Survey … (1 comments)

rates: Lock Watch for the Week of 3/4/2019 - 03/03/19 02:37 PM
Lock Watch for the Week of 3/4/2019
 
Volatility-O-Meter:
A healthy slate of reports this week but I'm not sure any of it will break the 15bps range we've held since early January.  Employment situation on Friday warrants the most attention.
 
Economicalendar (all times are Pacific):
Mon, 3/4:     Construction Spending (7am).
Tues, 3/5:     New Home Sales and ISM Non-Mfg Index (7am).
Weds, 3/6:     ADP Employment Report (5:15am), International Trade (5:30am), Beige Book (11am).
Thurs, 3/7:    Jobless Claims and Productivity and Costs (5:30am).  Fed Balance Sheet (1:30pm).
Fri, 3/8:        Employment Situation and Housing Starts (5:30am).
 
10-Year Treasury History
2.74%     Market Open
2.68%     One Week Ago
2.73%     One … (3 comments)

rates: Lock Watch for the Week of 2/25/2019 - 02/21/19 08:32 PM
Lock Watch for the Week of 2/25/2019
 
Volatility-O-Meter:
Auctions, GDP and a lot of Jerome Powell talk that could give insight into 2019 interest rate direction.  
 
Economicalendar (all times are Pacific):
Mon, 2/25:     2-Yr Note Auction (8:30am), 5-Yr Note Auction (10am).
Tues, 2/26:     Case-Shiller HPI (6am), Consumer Confidence and Jerome Powell speech (7am), 5-Yr Note Auction (10am).
Weds, 2/27:     International Trade in Goods and Factory Orders (5:30am), Jerome Powell speech (7am).  Pending Home Sales (7am).
Thurs, 2/28:    GDP and Jobless Claims (5:30am).  Chicago PMI (6:45am).
Fri, 3/1:        Personal Income and Outlays (5:30am), PMI Manufacturing Index (6:45am), ISM Manufacturing Index and Consumer Sentiment (7am).
 
10-Year Treasury History
2.68%  … (0 comments)

rates: Lock Watch for the Week of 2/11/2019 - 02/09/19 06:20 AM
Lock Watch for the Week of 2/11/2019
 
Volatility-O-Meter:
Amid a backdrop of econonic slowdown abroad, the US kicks off the week quietly but then things ought to heat up.  And let's not forget the threat of another government shutdown (Nightmare on Elm St. Part II).
 
Economicalendar (all times are Pacific):
Mon, 2/11:     Quiet.
Tues, 2/12:     JOLTS (7am).
Weds, 2/13:     CPI (5:30am). Treasury Budget (11am).
Thurs, 2/14:    Jobless Claims, PPI, Retail Sales (5:30am).  Business Inventories (10am).
Fri, 2/15:        Empire State Mfg Survey and Import/Export Prices (5:30am).  Consumer Sentiment (7am).
 
10-Year Treasury History
2.66%     Market Open
2.72%     One Week Ago
2.71%     One Month Ago
2.86%     One Year … (1 comments)

rates: Lock Watch for the Week of 1/28/2019 - 01/27/19 08:22 PM
Lock Watch for the Week of 1/28/2019
 
Volatility-O-Meter:
The shutdown is over and that's great news.  Remarkably the market shrugged it off on Friday though we may bear the brunt of that this week, with both a full slate of important reports, GDP, an FOMC statement and auctions as well.
 
Economicalendar (all times are Pacific):
Mon, 1/28:      Dallas Fed Mfg Survey (7:30am), 2-Yr Note Auction (8:30am), 5-Yr Note Auction (10am).
Tues, 1/29:     International Trade in Goods (5:30am), Consumer Confidence (7am), 7-Yr Note Auction (10am).
Weds, 1/30:     ADP Employment (5:15am), GDP (5:30am), FOMC Meeting Announcement (11am).
Thurs, 1/31:    Jobless Claims, Personal Income and Outlays … (2 comments)

rates: Lock Watch for the Week of 1/7/2019 - 01/05/19 08:20 PM
Lock Watch for the Week of 1/7/2019
 
Volatility-O-Meter:
Shutdown persists and my guess is that equity market volatility will too.  Bond auctions mid-week and Jerome Powell speaks on Thursday.
 
Economicalendar (all times are Pacific):
Mon, 1/7:      Factory Orders and ISM Non-Mfg Index (7am).
Tues, 1/8:     International Trade (5:30am) and JOLTS (7am).  3-Yr Note Auction (10am).
Weds, 1/9:     10-Yr Note Auction (10am).
Thurs, 1/10:    30-Yr Bond Auction (10am).
Fri, 1/11:        CPI (5:30am).
 
10-Year Treasury History
2.66%     Market Open
2.72%     One Week Ago
2.85%     One Month Ago
2.55%     One Year Ago
 
The Noble Eightfold Path of Buddhism
 
Right View/Understanding
See things as they truly are without delusions or … (1 comments)

rates: Lock Watch for the Week of 12/24/2018 - 12/21/18 07:21 AM
Lock Watch for the Week of 12/24/2018
 
Volatility-O-Meter:
It's a holiday week and we don't know if the President will fire the Fed chairman.  Can't we just all take a vacation?
 
Economicalendar (all times are Pacific):
Mon, 12/24:      2-Yr Note Auction (8:30am).
Tues, 12/25:     Markets Closed.
Weds, 12/26:     Case Shiller HPI (6am), 5-Yr Note Auction (10am).
Thurs, 12/27:    Jobless Claims (5:30am), New Home Sales and Consumer Confidence (7am), 7-Yr Note Auction (10am).
Fri, 12/28:        Int'l Trade in Goods (5:30am), Chicago PMI (6:45am), Pending Home Sales (7am).
 
10-Year Treasury History
2.77%     Market Open
2.86%     One Week Ago
3.05%     One Month Ago
2.48%     One … (2 comments)

rates: Lock Watch for the Week of 12/17/2018 - 12/16/18 11:25 AM
Lock Watch for the Week of 12/17/2018
 
Volatility-O-Meter:
FOMC statement and virtual certainty of another rate hike (.25%).  This will not surprise anyone, but against the backdrop of recent market volatility, the ensuing statement could.  Then, GDP on Friday.
 
Economicalendar (all times are Pacific):
Mon, 12/17:      Empire State Mfg Survey (5:30am), Housing Market Index (7am).
Tues, 12/18:     Housing Starts (5:30am).
Weds, 12/19:     Existing Home Sales (7am) and FOMC Meeting (11am).
Thurs, 12/20:    Jobless Claims and Philadelphia Fed Business Outlook Survey (5:30am).
Fri, 12/21:        Durable Goods and GDP (5:30am).  Personal Income and Outlays and Consumer Sentiment (7am).
 
10-Year Treasury History
2.87%     Today's Open 
2.86%    … (2 comments)

rates: Lock Watch for the Week of 12/3/2018 - 12/02/18 08:00 AM
Lock Watch for the Week of 12/3/2018
 
Volatility-O-Meter:
As expected, the week is opening with an attempt to make sense of how the G20/China trade truce may play out.
 
Economicalendar (all times are Pacific):
Mon, 12/3:      PMI Mfg Index (6:45am), ISM Mfg Index and Construction Spending (7am).
Tues, 12/4:     Quiet.
Weds, 12/5:     Stock market closed.  ADP Employment (5:15am), Productivity and Costs (5:30am) and ISM Non-Mfg Index (7am).  Beige Book (11am).
Thurs, 12/6:    Jobless Claims and International Trade (5:30am), Factory Orders (7am).
Fri, 12/7:        Employment Situation (5:30am) and Consumer Sentiment (7am).
 
10-Year Treasury History
3.02%     Today's Open 
3.07%     One Week Ago
3.22%     One Month Ago
2.37%     One … (1 comments)

rates: Lock Watch for the Week of 11/12/2018 - 11/10/18 07:04 PM
Lock Watch for the Week of 11/12/2018
 
Volatility-O-Meter:
"The beatings will continue until morale improves."  Keep your eye on CPI...
 
Economicalendar (all times are Pacific):
Mon, 11/12:      Veteran's Day, bond market closed.
Tues, 11/13:      Treasury Budget (11am).
Weds, 11/14:     CPI (5:30am).
Thurs, 11/15:    Jobless Claims, Retail Sales, Empire State Mfg Survey and Import/Export Prices ( 5:30am).
Fri, 11/16:        Quiet.
 
10-Year Treasury History
3.19%     Today's Open  (Friday close)
3.19%     One Week Ago
3.15%     One Month Ago
2.38%     One Year Ago
 
In Flanders Fields
 
In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place: and in the sky, 
The larks, still bravely singing, fly
Scarce … (0 comments)

rates: Lock Watch for the Week of 11/5/2018 - 11/04/18 07:04 PM
Lock Watch for the Week of 11/5/2018
 
Volatility-O-Meter:
I expect the markets to flirt with the reality of higher rates again this week, amid a backdrop of auctions and Tuesday's mid-term elections.
 
Economicalendar (all times are Pacific):
Mon, 11/5:      ISM Non-Mfg Index (7am), 3-Yr Note Auction (10am).
Tues, 11/6:      JOLTS (7am), 10-Yr Note Auction (10am).
Weds, 11/7:     30-Yr Bond Auction (10am).
Thurs, 11/8:    Jobless Claims (5:30am) and FOMC Meeting Announcement (11am).
Fri, 11/9:        PPI (5:30am).
 
10-Year Treasury History
3.19%     Today's Open
3.09%     One Week Ago
3.23%     One Month Ago
2.32%     One Year Ago
 
Lincoln's Second Inaugural Address
 
Fellow-Countrymen:
 
At this second appearing to take the oath … (0 comments)

rates: Lock Watch for the Week of 9/17/2018 - 09/16/18 07:55 PM
Lock Watch for the Week of 9/17/2018
 
Volatility-O-Meter:
I feel as though something tipped last week.  No matter what the reports showed, the bond market wanted to move higher and rates increased as a result.  It is unclear what will break this trend and certainly this week's news doesn't seem to have that capacity.  In addition to what's below, be mindful of a new round of tariffs on China...
 
Economicalendar (all times are Pacific):
Mon, 9/17:       Empire State Mfg Survey (5:30am).
Tues, 9/18:       Housing Market Index (7am).   
Weds, 9/19:     Housing Starts (5:30am).  
Thurs, 9/20:    Jobless Claims, Philadelphia Fed Bus Outlook Survey and … (0 comments)

rates: Lock Watch for the Week of 9/10/2018 - 09/02/18 08:02 PM
Lock Watch for the Week of 9/10/2018
 
Volatility-O-Meter:
Key inflation readings on Wednesday and Thursday could make things very interesting.
 
Economicalendar (all times are Pacific):
Mon, 9/10:       Quiet.
Tues, 9/11:       JOLTS (7am), 3-Yr Note Auction (10am).   
Weds, 9/12:     PPI (5:30am),10-Yr Note Auction (10am), Beige Book (11am).   
Thurs, 9/13:    CPI and Jobless Claims (5:30am), 30-Yr Bond Auction (10am).    
Fri, 9/14:        Retail Sales and Import and Export Prices (5:30am), Business Inventories and Consumer Sentiment (7am).
 
10-Year Treasury History
2.94%     Today's Open
2.90%     One Week Ago
2.87%     One Month Ago
2.14%     One Year Ago
 
Corinthians 13: 4-8
This past weekend, I attended a cousin's wedding and was reminded … (0 comments)

rates: Lock Watch for the Week of 8/6/2018 - 08/04/18 01:16 PM
Lock Watch for the Week of 8/6/2018
 
Volatility-O-Meter:
Dog days of summer...aside from auctions mid-week and inflation readings at the end.
 
Economicalendar (all times are Pacific):
Mon, 8/6:       Quiet. 
Tues, 8/7:       JOLTS (7am) and 3-Yr Note Auction (10am).   
Weds, 8/8:     10-Yr Note Auction (10am).   
Thurs, 8/9:    Jobless Claims and PPI (5:30am).  30-Yr Bond Auction (10am).   
Fri, 8/10:        CPI (5:30am).
 
10-Year Treasury History
2.93%     Today's Open
2.98%     One Week Ago
2.82%     One Month Ago
2.26%     One Year Ago
 
The Far Side
On a whim, and to the creator's surprise, the San Francisco Chronicle picked up and syndicated a little-known cartoon called Nature's Way and began running … (0 comments)

 
Rob Spinosa, SVP of Mortgage Lending, Marin County (Guaranteed Rate, Marin County, CA)

Rob Spinosa

SVP of Mortgage Lending, Marin County

San Anselmo, CA

More about me…

Guaranteed Rate, Marin County, CA

Address: 324 Sir Francis Drake Blvd., San Anselmo, CA, 94960

Office: (415) 367-5959

Mobile: (415) 367-5959

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