For the Week Ending April 22, 2016

For the Week Ending Apr 22, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Oil prices rose significantly this week as producers failed to agree on a production freeze. Higher oil prices help stocks and hurt bonds, precipitating higher rates.
 
Last week the lowest number of Americans filed for unemployment in over 42 years, suggesting the labor market is continuing to gain momentum.
 
The Fed meets next week to discuss the economy and vote on a possible policy rate increase. Economists don't expect a rate increase at this meeting though.
Home builders' confidence held steady in April, reflecting an optimistic outlook for the new homes market. A strong labor market is expected to help home sales.
 
Housing starts and new permits were down slightly in March but are expected to rebound. Overall, housing market fundamentals remain strong.
 
Existing home sales rebounded in March after being down in February. Prices rose 5.7% over last year, while sales jumped 5.1% and were up 1.5% from a year ago.
In honor of Earth Day...
Q: What did Obi Wan Kenobi say to the tree?
A: May the Forest be with you.

Sincerely,
Don S.Riggs
Area Manager NMLS ID # 132702
(303) 429-7121
driggs@envoymortgage.com
NMLS ID # 6666 (www.nmlsconsumeraccess.org)
envoymortgage.com
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 (www.nmlsconsumeraccess.org) – Lender License and Broker License # MC3021; Envoy Mortgage Ltd d/b/a Envoy Mortgage, L.P.- WA Consumer Loan Company License # CL-6666 – http://nmlsconsumeraccess.org

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