Lock Watch for the Week of 2/25/2019

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

Lock Watch for the Week of 2/25/2019



Auctions, GDP and a lot of Jerome Powell talk that could give insight into 2019 interest rate direction.  


Economicalendar (all times are Pacific):

Mon, 2/25:     2-Yr Note Auction (8:30am), 5-Yr Note Auction (10am).

Tues, 2/26:     Case-Shiller HPI (6am), Consumer Confidence and Jerome Powell speech (7am), 5-Yr Note Auction (10am).

Weds, 2/27:     International Trade in Goods and Factory Orders (5:30am), Jerome Powell speech (7am).  Pending Home Sales (7am).

Thurs, 2/28:    GDP and Jobless Claims (5:30am).  Chicago PMI (6:45am).

Fri, 3/1:        Personal Income and Outlays (5:30am), PMI Manufacturing Index (6:45am), ISM Manufacturing Index and Consumer Sentiment (7am).


10-Year Treasury History

2.68%     Market Open

2.67%     One Week Ago

2.76%     One Month Ago

2.86%     One Year Ago

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All of the world's very tallest peaks, and everything above 8000 meters, can be found in the Himalaya.  But anybody know the tallest peak outside of Asia?  Kilimanjaro, Denali, Mt. Rushmore?  Seriously, that honor goes to Aconcagua in the Andes, which rises to a height of 22,837 feet along the border of Argentina and Chile.  It's a very climbable mountain and its most accessible route rates as a strenuous hike, with almost no technical climbing required.  But variations on the north side of the mountain can be more challenging and the South Face route is a massive commitment reserved for the world's best alpinists who, not surprisingly, are able to manage the very real objective danger of the route as well as the physically imposing wall itself.


I earned a place in a record book nobody keeps by being the first person in the new Millennium (Jan. 1, 2000) to summit Aconcagua.  But about that aforementioned South Face, that was the awesome view to which I awoke on summit day and after having been trapped out in a storm the night before.  It's a long story and one that could have ended way worse, but the gods smiled on us over those ungodly long hours at 22,500 and now I just have a bunch of fond memories of getting up and over and back down relatively safely.  


If the mountaineering bug ever hits you, and altitude is your bag, Aconcagua is a world-class experience and one I "highly" recommend.


Because it's there,



Robert J. Spinosa
Vice President of Mortgage Lending

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

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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