Travis' Video Mortgage and Financial Market Update for Feb 6th

http://wealthcreationteam.ning.com/video/travis-video-mortgage-and-2

Hello Friends,

Crazy days, crazy days! 598,000 jobs were lost in January alone bringing the total to 3.6 million jobs lost since the recession started in Dec 2007 but what is really scary is that half of those were lost in the last 3 months alone. Interesting to see the DOW turn positive on this news but the feeling is that traders are confident now the Senate has no choice but to get this stimulus package pushed through as President Obama said, we face dire consequences if they dont act now. At the pace of job losses now, I would have to agree.

Great news though reported yesterday is Fannie Mae's announcement of their DU Refi Plus program due to be available April 3rd. So much of the flawed thinking of the Feds in recent months was to lower mortgage rates which we have seen since Dec 17th, but most American's couldnt care less how low rates are because they can't qualify to refinance because their home value has dropped so much. This new program should address this issue.

Please watch the video for more details of the DU Refi Plus program as well as market news.

Be Blessed!

Category:

News & Politics

Tags:

• interest rates
• bond pricing
• DU Refi Plus Program
• Unemployment
• Jobs Report

[FLJAMESFL]

God your cute, have any free time,