Market Moves, Mortgage Rates take hit but looking good for Dec 17th

Hello Friends, What an interesting few days. More so yesterday. The Feds hit it out of the park or better yet as one commentator’s analogy, they did the western shoot out and emptied all their bullets, hopefully this works. The follow up comment was, " they can just make more bullets though if they run out!" Which is true in a way but part of the hangover from yesterday's 355 DOW gain and 133 basis point gain on mortgage backed securities was the Asian and European financial markets when they opened in the middle of the night. The dollar plummeted to a 13 years low in value against the Yen and not much better against the Euro when they opened. So a weak dollar is never good. This could help US exports but would negate that by causing imports to go up. Also, as I will explain in the video, oil is traded around the world based on the US Dollar, so if imports, oil and cost of goods start rising, inflation rears its ugly head again, immediately driving up mortgage rates. Keep that in mind if you are sitting on the fence to buy or refinance, at this point a little bit of greed may be setting in as 4.75% on a 30-yr fixed should be a "shout from the rooftops" type rate to have! I would enjoy adding you to my "adopt a mortgage" program if your current mortgage is not currently managed by me and my team. Please contact me and let me know how I can serve you. Thank you for the opportunity, stay warm and BE BLESSED! Travis