Lock Watch for the Week of 1/14/2019

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

Lock Watch for the Week of 1/14/2019



A good mix of important reports throughout the week and though it does not seem promising at the moment, a resolution to the shutdown brings the potential for the stock market to rally and bonds to sell off.  Be careful.


Economicalendar (all times are Pacific):

Mon, 1/14:      Quiet.

Tues, 1/15:     PPI and Empire State Mfg Survey (5:30am).

Weds, 1/16:     Retail Sales and Import/Export Prices (5:30am), Business Inventories and Housing Market Index (7am), Beige Book (11am).

Thurs, 1/17:    Housing Starts, Jobless Claims, Phila Fed Business Outlook Survey (5:30am).

Fri, 1/18:        Industrial Production (6:15am) and Consumer Sentiment (7am).


10-Year Treasury History

2.69%     Market Open

2.66%     One Week Ago

2.91%     One Month Ago

2.54%     One Year Ago


The Vasa Ship

If you're ever in Stockholm, Sweden, I highly recommend a visit to the Vasa ship museum.  You won't be disappointed, but you will gain a much deeper appreciation of disappointment itself --- like the kind that King Gustavus Adolphus must have felt when this majestic masterpiece of a warship, constructed at his direction, set sail on its maiden voyage in 1628 and then unceremoniously foundered and sunk in 100 feet of water just under a mile from where she was launched.  At least all of Stockholm, as well as invited foreign dignitaries, etc., were not there to see it....oh wait...


The Vasa was constructed with a fatal flaw.  It housed an unprecedented two decks of firepower, in the form of hefty bronze cannons.  Because the ship was so darn top-heavy and all gun ports were open on the day of its coming out party --- to further impress those on shore --- the benign gust that filled the ships sails was enough to tilt the lower decks under the waterline and that was enough to send her to Davy Jones's locker.  The ship lay in the mud at the bottom of the harbor until 1961, when efforts that had been underway for some years, returned the ship to the surface.  From there, extensive restoration efforts, complete with housing in a museum built specifically for the ship rounded out the magnificent tourist destination one can experience today.  Basically, you can walk around the entire ship and view it almost as it existed in the 17th century.  You can take a guided tour and view artifacts retrieved from the ship and sea floor, including the skeletal remains of some of the 30 sailors that went down with the ship.  Read up on it and if your travels take to you the land of the Vikings, do make a stop.


Anchors aweigh,



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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Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Rob Spinosa - That is a gorgeous ship and quite an interesting historical account that you shared too! The hand-carving artwork is spectacular! I am surprised I never heard of it before. Titanic is the only story that I've heard many times, but never The Vasa Ship. It is shocking to think it laid on the bottom, in the mud until 1961 since the 17th Century! If it hasn't been done yet, I hope a book is written and that it would be turned into a movie. I would definitely like to see the ship in Sweden. And if available, read the book and watch the movie or a documentary.

Thank you! 

Jan 14, 2019 12:52 PM #1
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
REALTOR®, In Tune with your Real Estate Needs

The market is certainly interesting now and thanks for the update.  Also I love the history of the Vasa!  

Jan 14, 2019 02:25 PM #2
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Rob Spinosa

Vice President of Mortgage Lending, Marin County
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