Yesterday we talked about the Federal Reserve and why they did what they did. They held an emergency meeting only 48 hours before their scheduled meeting. That set the futures market into a panic yesterday, halting futures trading. Again this morning the Dow was down 1800 points before they stopped trading again.Rates Monday opened up slightly better than Friday by approximately .25 percent. But this is a long game, not an overnight drop.After recording the video yesterday, a friend told me that Las Vegas closed at 6 pm last night for 14 days. Denver just announced that starting on Tuesday, all restaurants will be closed to dine-in options through May 11th Manufacturing came out Monday morning down 21 percent and this is only the beginning. These are changing times, but we will recover like we do everything else. We have to maintain our calm knowing it is the housing market that will pull us through this.Did you know that three out of the last five recessions saw an increase in home appreciation due to a low-interest-rate environment? That will be the case this time. Homeowners will benefit from the low supply and high demand pushing home prices higher. Buyers will benefit from low-interest rates and improved affordability. ​Now is not the time to panic or be stressed. Low-interest rates will be around for a while. Stay tuned as I send out more regular updates. And give us a call if you want to know what this means to you! Our team is ready to not only keep you informed but get you the best rates.Nicole Rueth The Rueth Team of Fairway Independent Mortgage Corporation 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com