Election Day, Nov 4th, Mortgage and Financial Market Update

Hello Friends, Woohoo, Election Day will be over in about 8 hours! The market is on quite the rally right now, if it can only continue. Mortgage backed securities are up nearly 100 basis points or 1% in fee or discount point. So rates across the board have improved about .25% and .375% in some cases, all in a matter of a few hours. Outside of the emotion and the election finally being here, Australia cut their Fed Bank rate by .75% and the EU or European Union should follow suit this week with the same .75% cut. Please watch the video for more details and how this effects our market and the global economy. The DOW is up about 215 right now. Have a Blessed Day!