Lock Watch for the Week of 9/17/2018

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

Lock Watch for the Week of 9/17/2018



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 Existing Home Sales (5:30am).    

Fri, 9/21:        PMI Composite Flash (6:45am).


10-Year Treasury History

3.00%     Today's Open

2.94%     One Week Ago

2.87%     One Month Ago

2.23%     One Year Ago


Eliud Kipchoge and the Two-Hour Barrier

On Sunday, Kenyan marathoner Eliud Kipchoge lowered the marathon world record to 2:01.39, a per mile pace of 4:39.  If you want to know what that feels like, the next time you spy a high school or college track, go around once in one minute and 10 seconds.  Easy enough, right?  Well if you succeed (and you probably won't) then just keep at it for another 104 laps.

Still lost on the significance of the accomplishment?  As early as 1999, the record was just under 2:06 and many thought that was about the limit of human endurance.

Do you think the two hour barrier will fall?  If so, when?


Long may you run,



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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SVP of Mortgage Lending, Marin County
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