2012-11-07mortgagenewsdaily.com

``Regardless of which politicians won yesterday, the government will still have to deal with the "fiscal cliff" and its profound economic consequences. The market was expecting a knee-jerk reaction to President Obama being re-elected is a rates rally and a sell-off if Governor Romney is elected. This appears to be largely related to what the next president will have to address almost immediately - the fiscal cliff. A quicker resolution is seen with Romney while the acrimony between the Democrats and Republicans suggests a longer time to resolution which would weigh on the economy's growth.''


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