For The Week Ending February 19, 2016

For the Week Ending Feb 19, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
For the Week Ending February 19, 2016 Minutes from last month's Fed meeting showed concerns over global economic weakness. The Fed does not appear likely to raise policy rates anytime soon.
Oil producing countries are unifying to freeze oil production levels and stabilize oil pricing. Stocks have rallied on the news this week for the best gains of 2016.
The rally in oil pricing and stocks has eroded some of the recent improvements in bonds. The volatile markets have led to volatility in mortgage rates as well.
Housing starts were down slightly in January, likely due to cold weather. Still, the housing market fundamentals remain strong.
Building permits were down slightly overall for January. However, a strengthening job market is projected to buoy housing demand this year.
Builders' confidence was down slightly, but more builders see conditions as good than poor. Low rates and steady job gains signal an upward trend for housing.
Did you hear about the cowboy who got himself a dachshund?
He wanted to get a long little doggie.

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