Lock Watch for the Week of 12/24/2018

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

Lock Watch for the Week of 12/24/2018



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 Year Ago


Dr. Elmo

You may say there's no such thing as Santa, but if you ever find yourself in Marin County watching a competitive running race there's a good chance you'll say you saw a really fast super veteran putting down the hammer, likely with an ear-to-ear grin on his face.  And you and grandpa might later come to believe said runner was Dr. Elmo Shropshire.

As good fortune would have it, my wife and I came to know Dr. Elmo and his wife, Pam, through the Tamalpa Runners, the running club with the richest history here in our home county just across the Golden Gate from San Francisco.  Sure, we'd heard his holiday hit favorite "Grandma Got Runover by a Reindeer" just like everyone else, but that wasn't our intro to them as "real people."  Instead, the local track workouts, races and social events allowed us to get to know them as just a couple of kind folkswho positively contribute to the club and are fun to be around.  In fact, I think my wife has a crush on Elmo, but that's a story for when too much eggnog has been drunk...

Elmo recorded his hit song in the '70's and had little expectation that it would go anywhere at all, but after a San Francisco DJ played it, the calls started coming in and it's been that way for nearly 40 years.  Elmo got the "doctor" in Dr. Elmo from his years as a veterinarian and his wife, Pam, is quite the race photographer --- often catching the club runners in action at the famous Dipsea race each June.

For a light holiday week, I couldn't think of a better story than that...


Happy Holidays,



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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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thanks for sharing the story of Dr. Elmo. We have so many fascinating people living in our area -- lucky us!

And--I hereby grant your wish for a week off!! (Would that take care of our problems!)

Merry Christmas, Rob

Dec 24, 2018 09:26 AM #1
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Maybe since the government is partially shut down we all SHOULD take a vacation. 

Jan 24, 2019 10:01 AM #2
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Rob Spinosa

SVP of Mortgage Lending, Marin County
Can I Get a Jumbo Loan with 10% Down?

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