For The Week Ending December 11, 2015

For the Week Ending December 11, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • Jobless claims were up slightly last week, but still showing healthy labor market conditions. A strong market could support a Fed policy rate increase next week.

  • Wholesale inventories fell slightly and could be a drag on fourth quarter GDP. The dip is not expected to factor in to a Fed rate hike decision next week though.

  • If the Fed does raise policy rates next week as expected, not all rates will suffer. Long term rates like mortgage rates will not necessarily increase.

  • Foreclosures decreased by 12.3% in October to the lowest rate since November 2007. Foreclosure inventory has declined by 21.5% over the last 12 months.

  • Surveyed consumers showed optimism for next year's real estate market. Over 38% believe home prices will continue to rise in 2016.

  • Investors in rentals continue to bet that there will be a strong demand in the rental market. The number of single family rental homes has increased 35% since 2006.

Dear Santa,
This year I'm requesting a fat bank account and a slim body.
P.S. Please don't mix them up like you did last year!

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