For The Week Ending January 22, 2016

For the Week Ending January 22, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Global economic weakness and falling oil prices continue to pressure stocks and support bonds. Bond market improvement supports lower mortgage rates.
Jobless claims rose to a six-month high last week but were still below the 300,000 mark. Some suggest this could be a loss of momentum for the labor market.
Weakness in stocks and recent economic reports will likely be considered at the Fed's meeting next week. It is expected the Fed will leave policy rates unchanged.
Home builders expect new home sales to continue to increase in 2016. New home sales rose almost 15% in 2015, peaking in November.
Housing starts were down slightly in December, but were still strong. It was the 9th straight month that starts were above 1 million units, the longest run since 2007.
Building permits were down slightly after two months of hefty gains. However, permits for construction of single-family homes rose 1.8%
A man walks into a bar and orders a drink. Then he notices there are pieces of
meat nailed to the ceiling of the bar, so he asks the barman what they are for.
The barman replies, “If you can jump up and pull one of them down, you get free
beer all night. If you fail, you have to pay the bar $100. Do you want to have a
The man thinks about it for a minute before saying, “Nah, the steaks are too high!”

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