Lock Watch for the Week of 10/15/2018

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

Lock Watch for the Week of 10/15/2018



This is getting interesting.  The stock market sell-offs last week will dictate what the mortgage market does this week too, and nobody knows what that is going to be.  Saudi Arabia will be in the mix too, but if all of these elements go the way we expect (and that's never guaranteed), then the bond market could be a benefactor and that would imply lower rates.


Economicalendar (all times are Pacific):

Mon, 10/15:       Retail Sales and Empire State Mfg Survey (5:30am), Business Inventories (7am).

Tues, 10/16:      Industrial Production (6:15am), JOLTS and Housing Market Index (7am).

Weds, 10/17:     Housing Starts (5:30am), FOMC Minutes (11am).

Thurs, 10/18:    Philadelphia Fed Bus Outlook Survey and Jobless Claims (5:30am).

Fri, 10/19:        Existing Home Sales (7am).


10-Year Treasury History

3.16%     Today's Open

3.21%     One Week Ago

2.99%     One Month Ago

2.30%     One Year Ago


The Ace of Spades

Ian Fraser "Lemmy" Kilmister was born to lose on Christmas Eve, 1945, in post-war England.  Sometime in the late '60's his rock 'n' roll career careened onto a faster track thanks to his proximity to the Jimi Hendrix experience, life on the road, psychedelic drugs and dawning era of heavy metal.


It is reported that Lemmy's fondness for Jack Daniels promoted a habit of polishing a bottle a day for nearly 40 years and if you believe that to be true, those nearly 14K bottles of Jack on the wall eclipse by about seven-fold the number of women, it is rumored, that should have happened to fall before the Motorhead frontman.


Not content with the aforementioned vices, Lemmy also chain abused cigarettes and amphetamines across a half century of rock 'n' roll mayhem, his band notorious for a no-holds-barred thunderous brand of no nonsense noise that served as a precursor to the Metallica era that took off in the early-'80's.


Back in my teenage garage rehearsal days, one of our favorite band pranks was to take the singer's mic stand and raise it as high as it would go, then slant the microphone down, "Lemmy-style."  If you ever get a chance to catch a video of Motorhead on stage, don't pass it up.  When Lemmy passed away at 70 years of age in 2015, the tributes came in from all corners of the musical globe.  Mostly amazement at how a guy with such a limited musical repertoire and a lifelong death wish could have so loudly beat the odds. 


Read 'em and weep,



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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Lee Potts
Aloha Group Maui - Lahaina, HI
The smarter we work, the luckier you get.

His sidefill was bigger than a fridge! 




Oct 16, 2018 01:08 PM #1
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Rob Spinosa

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