For the Week Ending January 20, 2017

Please enjoy this quick update on what happened this week in the housing and financial markets
  • Recent comments by Fed Chair Janet Yellen point to multiple policy rate increases in 2017, supported by a strong labor market and increasing inflation.

  • Jobless claims fell to 233,000, the lowest level since November 1973. Claims remained below 300,000, the healthy market threshold, for the 98th straight week.

  • U.S. consumer prices rose in December in the largest year-over-year increase in 2-1/2 years, signaling inflation pressures could be building.

  • Housing starts jumped 11.3% in December, a sign of a strengthening economy. The housing market remains strong despite a recent increase in mortgage rates.

  • The NAHB Housing Market Index pointed to a slightly less confident outlook among home builders. However, the reading of 67 is still favorable.

  • Buyer demand is considered abnormally strong for the off-season, as tight inventory and possibly increasing mortgage rates give buyers a sense of urgency.


A manager of a retail clothing store is reviewing a potential employee's application and notices that they have never worked in retail before. The manager says to the applicant, "For a person with no experience, you are certainly asking for a high wage."

"Well," the applicant replies, "the work is so much harder when you don't know what you're doing!"

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