For The Week Ending December 25, 2015

For the Week Ending December 25, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • Oil prices have fallen to multi-year lows, pressuring energy and commodities stocks. Cheaper oil hinders inflation, which helps keep interest rates low.

  • Manufacturing numbers are down as businesses reduce excess inventory. This contributes to cooling the economy, which in turn supports low mortgage rates.

  • Overall though, the economy remains encouraging, as personal income increased for the 8th straight month. Increased income supports increased spending in 2016.

  • Existing home sales showed a sharp drop in November, but it is expected to be only temporary. Many blame the drop on new TRID regulations delaying closings.

  • New home sales continued to rise in November, up 4.3% from October and 9.1% year-over-year. Sales have risen 14.5% in 2015 compared to 2014.

  • Home prices are expected to continue to rise in 2016, albeit at a slightly slower pace than 2015. Demand is expected to remain strong even if rates increase.

What did Mrs. Claus say to Santa when she looked into the sky?
"It looks like rain dear."

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