Lock Watch for the Week of 9/3/2018

Mortgage and Lending with Guaranteed Rate, Marin County, CA NMLS: 22343

Lock Watch for the Week of 9/3/2018



Short week, but some important reports throughout and an employment focus at the end.


Economicalendar (all times are Pacific):

Mon, 9/3:       Markets closed.

Tues, 9/4:       PMI Mfg Index (6:45am), ISM Mfg Index and Construction Spending (7am).   

Weds, 9/5:     International Trade (5:30am).   

Thurs, 9/6:    Jobless Claims and Productivity and Costs (5:30am), Factory Orders and ISM Non-Mfg Index (7am).    

Fri, 9/7:        Employment Situation (5:30am).


10-Year Treasury History

2.86%     Friday's Close

2.84%     One Week Ago

2.95%     One Month Ago

2.07%     One Year Ago


I Have a Dream

Tuesday of last week came and went and it was barely noticed that 55 years ago Martin Luther King Jr. gave his famous "I Have a Dream" speech at the March on Washington for Jobs and Freedom.

Almost 55 days prior to Tuesday's anniversary, on a sweltering July day, I was at the Lincoln Memorial with my family and we sat down on the steps to take a break.  I barely noticed that underneath our feet was the inscription in the photo above.  We were sitting on the very spot from which the speech was delivered.  It is a speech, excerpted below, very much worth reading again today:


"I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream.  It is a dream deeply rooted in the American dream.  

I have a dream that one day this nation will rise up and live out the true meaning of its creed:  'We hold these truths to be self-evident; that all men are created equal.'

I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood.

I have a dream that one day even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed into an oasis of freedom and justice.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.

I have a dream today."


Free at last,



Robert J. Spinosa
Vice President of Mortgage Lending

Guaranteed Rate
NMLS: 22343 
Cell/Text: 415-367-5959 Fax: 415-366-1590

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

Berkeley Office:  1400 Shattuck Ave., Suite 1, Berkeley, CA  94709

*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by Guaranteed Rate and do not necessarily represent the views and opinions of Guaranteed Rate.  In no way do I commit Guaranteed Rate to any position on any matter or issue without the express prior written consent of Guaranteed Rate's Human Resources Department.


Guaranteed Rate. Illinois Residential Mortgage Licensee NMLS License #2611 3940 N. Ravenswood Chicago, IL 60613 - (866) 934-7283


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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I hadn't realized that the 10 year treasury had dipped a little from a month ago.  I am usually focused on the Dow and the Nasdaq. Still, the rate is higher than a year ago.

Sep 03, 2018 10:49 AM #1
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Rob Spinosa

SVP of Mortgage Lending, Marin County
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