Video Mortgage and Financial Market Update for Sept 2nd

Hello Friends! Well I was hoping for a Terrific Tuesday after a Frantic Friday and we got it! I just received an "alert to float" from a financial service I subscribe too and that is not very common. Meaning, the analysts are advising to float on your mortgage rates if you were considering locking in a rate. That is a bold statement and typically that does not come about without strong technical factors. Similar to a doctor never being too optimistic with you. The reason for this as I am sure you know is due to the impact of Hurricane Gustav or lack of impact. All week traders were anticipating a category 4 or 5 to hit the Gulf of Mexico where most of our oil is either pumped, processed or imported. So when their is catastrophic damage to oil production, you can imagine the impact. Oil dropped to $108 a barrel and is at a year long low, moving below a critical 200-day moving average. Please watch the video for more details. Be Blessed! Travis