For The Week Ending February 26, 2016

For the Week Ending Feb 26, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Volatility in oil prices and stock markets continues, but mortgage bonds have been a bit more stable. Mortgage rates continue to remain near record low levels.
 
Global economic weakness is a worldwide concern, reported the IMF. However, this weakness is supportive of low mortgage rates here in the U.S.
 
Jobless claims were up this week, but still well below the 300,000 mark. Claims below this level are typically consistent with an improving labor market.
While the overall housing market recovery remains intact, new home sales were down in January. Harsh weather has been blamed in part for the slowdown.
 
Alternatively, existing home sales rose in January to reach a six-month high. Sales rose despite the challenges of tight inventory, signaling a steady demand.
 
Home prices also continue to rise, with Case-Shiller showing increases in most markets in December. Home prices rose 5.4% year-over-year.
 
On the first day of college, the dean addressed the students:
"The female dormitory is out-of-bounds for all male students, and the male
dormitory is to the female students. Anyone caught breaking this rule will be fined
$20 the first time. Second violation will be a $60 fine. Third time will cost you a
fine of $180. Are there any questions?"
A male student inquired, "How much for a season pass?"

Sincerely,
Don S.Riggs
Area Manager NMLS ID # 132702
(303) 429-7121
driggs@envoymortgage.com
NMLS ID # 6666 (www.nmlsconsumeraccess.org)
envoymortgage.com
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 (www.nmlsconsumeraccess.org) – Lender License and Broker License # MC3021; Envoy Mortgage Ltd d/b/a Envoy Mortgage, L.P.- WA Consumer Loan Company License # CL-6666 – http://nmlsconsumeraccess.org

This is not a commitment to lend. Envoy Mortgage Ltd. - NMLS # 6666