Sept 22nd Video Mortgage and Financial Market Update

Hello Friends! I hope you all had a wonderful weekend. Well I guess I shouldn't be surprised but I was probably more than cautiously optimistic with the unprecedented Fed move on Friday proposing a near trillion dollar "bail out" to the financial markets to stabilize not only our economy but the global economy. Some stability has set in on a worldly level but not so much at home. The DOW is down nearly 400 as I type near the market close and mortgage backed securities have worsened in the past few minutes since I recorded the video down to 50 basis point loss, or .50% in fee on a mortgage loan. There is a lot of content again in the video update so I would recommend watching the update to get the full meal deal. In a nutshell, today is too early to tell how this is all going to play out. A lot of speculation but typically in the financial sector the suggestion is always to go off of history and not speculation. Well since there is no history of something like this with a 700 Billion injection of funds from the federal reserve, we have to speculate. Speculating is kind of like assuming and we all know what can happen when we assume. So stay tuned, we are in for a ride! Be Blessed! Travis