Create blog posts with video easily by using video post format. All you need to do is simply select Video format in post format section and paste a link to the video you want to embed. You can embed videos from You Tube, Vimeo, and you might as well use a self-hosted video.
In fact now you get an all-in-one tool with a powerful page building functionality that allows you to easily build pages with completely custom layout using a handy visual editor.