For the Week Ending April 1, 2016

For the Week Ending Apr 1, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
This week Fed Chair Janet Yellen expressed concerns over the health of global economies. Markets reacted favorably to the news, which was good for rates
Consumer spending is up, but overall inflation remains so ft. The Fed is not likely to make policy rate changes until later in the year. This may bode well for mortgage rates too.
The labor market remains strong although wage growth is a concern. Jobless claims were up slightly but well below the 300,000 mark of a healthy labor market.
Pending home sales hit a 7-month high in February, reversing January's decline. The increase bodes well for a strong spring season for the housing market.

Tight inventory remains an issue but is helping to drive home prices up. The Case-Shiller index rose 5.7% in January from the previous year.

Homes with solar energy are in high demand, and buyers are willing to pay extra for them. A recent study shows solar adds an average of $ 14,329 to the price.
3 April Fools' Day pranks to play on your coworkers that won't get you fired...
1) Cover their car in sticky notes (multi-color packs look best)
2) Cover their phone, mouse, and keyboard completely in rubber bands
3) Put an instruction sign up on the new "Voice Activated" copy machine

Don S.Riggs
Area Manager NMLS ID # 132702
(303) 429-7121
NMLS ID # 6666 (
Envoy Mortgage LTD, NMLS #6666

All applications are subject to credit approval. Program terms and conditions are subject to change without notice. Some products may not be available in all states. Other restrictions and limitations may apply. This is not a commitment to lend. Envoy Mortgage Ltd. #6666, 5100 Westheimer Rd., #320, Houston, TX 77056, 877-232-2461; AR Banker/Broker/Servicer License #103315 - AZ Mortgage Banker Licensee – License #0908096; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #413 0597; CO Mortgage Company Registration # 6666, Regulated by the Division of Real Estate; Licensed by the Delaware State Bank Commissioner Licensed Lender Licensee #011264; Georgia Residential Mortgage Licensee License #23619; Illinois Residential Mortgage Licensee – License #MB.6759338; MA Mortgage Lender Licensee – License #M C6666; MA Mortgage Broker Licensee – License #MC6666; Licensed by the Mississippi Department of Banking and Consumer Finance License #6666; Envoy Mortgage Limited Partnership – Licensed by the New Hampshire Banking Department License #14552-MB; Licensed by the N.J. Department of Banking and Insurance NMLS #6666; Licensed Mortgage Banker – NYS Department of Financial Services, License #B500979, 746 Merrick Rd., Baldwin, NY 11510; OH Mortgage Broker Act Certificate of Registration # MB.804190.000, SM.501928.000; OR Mortgage Lending Licensee #ML-3933; Rhode Island Licensed Lender – License # 20092627LL; Rhode Island Licensed Loan Broker – License # 20122861LB; TX Mortgage Banker Registration- NMLS #6666; TX Regulated Loan License #42377. This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas; Virginia NMLS ID#6666 ( – Lender License and Broker License # MC3021; Envoy Mortgage Ltd d/b/a Envoy Mortgage, L.P.- WA Consumer Loan Company License # CL-6666 –

This is not a commitment to lend. Envoy Mortgage Ltd. - NMLS # 6666