Alright, before we get started, I want to tell all of our listeners something that I think is very, very important.

Listen, unless you've been living under a rock over the last couple of weeks, you've heard all about the coronavirus,

and you've probably seen the hysteria that has spilled over to the stock market,

we have seen record losses in recent days, and a lot of that has to do with the coronavirus,

and perhaps an overreaction. In my opinion, the market will correct itself.

Now, why am I telling you all of this? Well, because your money is important,

and you don't have to have money in the stock market for this to be relevant to you.

You see, the stock market usually trades inversely to what's called the 10-year bond.

Now, why does that matter? Well, the 10-year bond is what securitizes mortgage products here in America.

More specifically, when you see that the stock market is going down,

it usually means that the 10-year bond is a safer place for investors to land their cash,

which means when there's a bigger appetite, and the 10-year bond is moving up,

interest rates are moving down. I started doing home loans back in August of 2001,

and my near 20-year career today is the lowest I've ever seen interest rates.

That's worth mentioning again. I've been doing mortgages for 19 years,

and in the entire time I've done it, I've never seen interest rates as low as they are right now.

This represents real opportunity, but the correction is coming.

This hysteria will dot down, coronavirus will have a solution,

the stock market will correct, the 10-year bond will fall, and interest rates will rise.

I don't know when, but I know for sure that is how the story ends,

and I can't encourage you enough if you're in a 30-year loan,

or if you've got credit card debt, there's never been a better time to consolidate

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