Video Mortgage and Financial Market Update for Nov 5th

Hello Friends! Yeah the election is over, time to move forward, embrace change whatever that is going to look like and look for constant and never ending self improvement. As Chuck Swindoll said, "Life is 10% what happens to us and 90% percent how we respond to it.” Respond well! Unfortunately the market did not respond well this morning, the DOW is down around 350 but the good news is, Mortgage Backed Securities are up 31 basis points to add to the huge gain from yesterday for a total of 1.5% betterment in fee (not rate.) That equates typically about .375% better in a mortgage rate, so huge difference, especially over time. Also, oil had had some recent gains but plummeted over $5 this morning so we are back down to two year lows at $64 a barrel. Please watch the video for more details. Be Blessed!