Lock Watch for the Week of 4/29/2019

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

Lock Watch for the Week of 4/29/2019



FOMC meeting and announcement this week, but no rate change expected.  Still, watch the language and watch the employment report on Friday too.


Economicalendar (all times are Pacific):

Mon, 4/29:    Personal Income and Outlays (5:30am).

Tues, 4/30:     Case-Shiller HPI (6am), Chicago PMI (6:45am), Consumer Confidence and Pending Home Sales (7am). 

Weds, 5/1:     ADP Employment Report (5:15am), PMI Mfg Index (6:45am), Construction Spending (7am) and FOMC Announcement (11am).

Thurs, 5/2:    Jobless Claims and Productivity and Costs (5:30am), Factory Orders (7am).  Fed Balance Sheet (1:30pm).

Fri, 5/3:        Employment Situation and Int'l Trade in Goods (5:30am), ISM Non-Mfg Index (7am).


10-Year Treasury History

2.53%     Market Open

2.58%     One Week Ago

2.41%     One Month Ago

2.95%     One Year Ago

(Need a rate quote for your specific scenario?  Click anywhere on this link.)


H.L. Mencken

American journalist/satirist H.L. Mencken (1880 - 1956) had some racial and ethnic views I strongly opposed but some insight into politics and democracy I find amazingly prescient.  Here are some of my favorite quotes of his:


“An idealist is one who, on noticing that a rose smells better than a cabbage, concludes that it makes a better soup.”

“A cynic is a man who, when he smells flowers, looks around for a coffin.”

“Explanations exist; they have existed for all time; there is always a well-known solution to every human problem—neat, plausible, and wrong.”

“The older I grow, the more I distrust the familiar doctrine that age brings wisdom.”

“Conscience is the inner voice that warns us somebody may be looking.”

“Puritanism: The haunting fear that someone, somewhere, may be happy.”

“Truth would quickly cease to be stranger than fiction, once we got as used to it.”

“The best teacher is not the one who knows most but the one who is most capable of reducing knowledge to that simple compound of the obvious and wonderful.”

“I am suspicious of all the things that the average people believes.”

“You can't do anything about the length of your life, but you can do something about its width and depth.”

“Democracy is the theory that the common people know what they want and deserve to get it good and hard.”

“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”

“The men the American people admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth.”

“The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable...”


Roses are red...



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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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS

Thank you for keeping us posted and up to date. Best of luck!

Apr 29, 2019 08:48 AM #1
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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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