For the Week Ending April 29, 2016

For the Week Ending Apr 29, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
The Fed left policy rates unchanged at this month's FOMC meeting, but left the door open for future increases. The Fed's next FOMC meeting is in June.
 
Consumer spending has slowed recently, and the economy staled in the first quarter with just 0.5% increase to the GDP. This supports low mortgage rates.
 
The bright spot in the economy is the strengthening labor market. This week's initial jobless claims continued to cling near a four-decade low at 257,000.
 
New home sales unexpectedly fell in March, but the decline was concentrated in the West region. The Midwest and South actually saw sales rise in March.
 
Pending home sales were up 1.4% in March, the highest pace in nearly a year.Demand remains strong with low interest rates helping home affordability.
 
Home prices continued to rise in February according to the Case-Shiller Index.Tight inventory remains a concern and is helping to keep prices rising.
A salesman dropped in to see a business customer. Not a soul was in
the office except a big dog emptying wastebaskets. The salesman
stared at the animal, wondering if his imagination could be playing
tricks on him.
The dog looked up and said, "Don't be surprised. This is just part
of my job."
"Incredible!" exclaimed the man. "I can't believe it! Does your boss
know what a prize he has in you? An animal that can talk!"
 
"Please don't!" said the dog. "If he finds out I can talk,he'll make me
answer the phone, too!"

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