For the Week Ending April 15, 2016

For the Week Ending Apr 15, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Consumer prices rose less than expected in March and underlying inflation slowed, suggesting the Fed will remain cautious about raising policy rates.
The labor market, however, continues to show signs of strength. Jobless claims remained below 300,000 for the 58th week, the longest stretch since 1973.
Oil prices have risen as traders look to Sunday's meeting of oil producing countries. If oil prices continue to increase, it could pressure rates higher.
The spring market is heating up as purchase mortgage applications saw a sudden pick up last week. Apps to purchase new construction jumped by 17% in March.
The "tiny house movement" is continuing to gain steam. Usually around 200 sqft, these homes are becoming more popular among those looking to shed costs.
As home values once again rise, it creates new opportunities. An interesting concept, down payment insurance, is now being offered by private companies.
How do you know you've got a good tax accountant?
(S)he's had a loophole named after them.

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