For The Week Ending January 29, 2016

For the Week Ending January 29, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Stocks continued to slide as oil prices dropped to $30 a barrel. Traders turned to the safety of bonds, including mortgage bonds, helping mortgage rates remain low.
Consumers don't seem concerned that volatility in financial markets will harm the economy. Consumer confidence that the economy would improve rose in January.
The Fed's announcement after the FOMC meeting signaled that March may still bring a Fed policy rate increase. Many economists don't think it will happen though.
The most recent Case-Shiller study says that home prices continued to increase in November. Tight inventory and low mortgage rates helped fuel the increases.
New single-family home sales surged in December, increasing 10.8% over November. For 2015, new home sales were at their highest levels since 2007.
Pending home sales also rose slightly in December, possibly limited by tight supply. Demand is growing, but supply of homes for sale is at a 10-year low.
Bumper sticker recently seen on Wall Street:
"My other Porsche is for sale."

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