For The Week Ending August 14, 2015

For the Week Ending August 14, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • The Chinese devaluation of their currency, the yuan, created fear of a globalcurrency war. Traders turned to the safety of bonds, which was good for rates.

  • Global economic weakness has experts questioning if the Fed will be able to raise policy rates in September. A Fed rate hike in 2015 still looks likely though.

  • Our economy continues to show momentum while others are weak. Last month's retail sales improved and jobless claims remain low, supporting Fed action

  • Home prices rose year-over-year in nearly every metro area in the second quarter. Home demand continues to be fueled by rent increases and low rates.

  • Fannie Mae's monthly housing survey found consumers expecting home prices to continue to rise. The survey indicates the housing market is continuing to improve.

  • Smart home technology is already starting to impact buyers' purchase decisions. Features like automated lighting and temperature control are gaining popularity.

Larry goes to see his supervisor in the front office.
"Boss," he says, "we're doing some heavy house-cleaning at home tomorrow, and
my wife wants me to help with the attic and the garage, moving and hauling stuff."
"We're short-handed, Larry," the boss replies. "I can't give you the day off."
"Thanks, Boss," says Larry, "I knew I could count on you!"

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

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