For The Week Ending August 21, 2015

For the Week Ending August 21, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • The Consumer Price Index rose slightly in July, but inflation is still not a concern. Inflation leads to higher rates, so no risk of inflation helps rates remain low.

  • The minutes from last month's FOMC meeting showed the Fed is struggling to justify raising policy rates. Expectations of a September rate increase are falling.

  • Problems in China's economy and low oil prices are causing global concern. Mortgage bonds are benefitting from the weakness, supporting lower rate

  • The Homebuilder Index rose to its highest level in almost a decade. Homebuilders view market conditions as favorable and are optimistic about future sale.

  • Housing starts rose to a near 8-year high in July, led by construction of single-family homes. A strong housing market indicates an improving economy.

  • Building permits were down slightly in July, but that follows three straight months of hefty increases. Permits are expected to improve again for August.

A guy walks into the doctor's office with a radish in one ear, an olive in the other, a
cherry tomato in one nostril and some parsley in the other.
"I don't feel so good," he says to the doctor.
"Well," the doctor replies, "that's because you're not eating right."

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.

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