For The Week Ending February 12, 2016

For the Week Ending Feb 12, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
The labor market appears to be on solid footing. Jobless claims were at the lowest level in 7 weeks despite slowing economic growth and a stock market rout.
A strong labor market likely isn't enough to convince the Fed to raise policy rates in March. Recent Fed testimony made a rate increase sound unlikely.
Oil pricing continues to suffer, and stocks continue to plummet. Weakness in equity markets drives money to bonds, supporting lower mortgage rates.
Purchase mortgage applications are 25% higher than a year a go, signaling strengthening in future home sales. Lower rates are likely contributing.
Renters across the U.S. pay an average of $112 more in car insurance than home owners. Just another reason for renters to move to home ownership.
Fannie Mae's recent survey shows consumers are increasingly positive about their ability to get a mortgage. Consumer confidence helps the housing market
Sam walks into his boss’s office.“Sir, I’ll be straight with you. I know the economy
isn’t great, but I have over three companies after me, and I would like to
respectfully ask for a raise.”
After a few minutes of haggling, the boss finally agrees toa 5% raise, and Sam
happily gets up to leave. “By the way,” asks the boss, “which three companies are
after you?”
“The electric company, water company, and phone company,” Sam replied.

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