For The Week Ending July 17, 2015

For the Week Ending July 17, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • In testimony to Congress, Fed Chair Janet Yellen signaled that the Fed would likely raise policy rates later this year. The first hike is expected in September.

  • Retail sales slipped slightly in June, raising some concerns that the economy could be slowing down. Slow economic growth is good for mortgage rates.

  • Greece has finally agreed to terms for financial bailout in Europe. The recent turmoil supporting rates will likely no longer be a factor.

  • The NAHB reports builder confidence at the highest level since 2005. More builders are optimistic about current and future sales conditions for new homes.

  • Foreclosure activity was at the lowest level in a decade during the first half of 2015. Foreclosure starts are below pre-crisis levels, signaling housing market strength.

  • First-time buyers are gaining confidence and continue to join the housing market. Their participation has increased from 27% to 32% of the market year-over-year.

A young businessman had just started his own firm. He rented a beautiful office and
had it furnished with antiques. Sitting there, he sawa man come into the outer
office. Hoping to look like a hot shot, the businessman picked up the phone and
started to pretend he was working on a big, importantbusiness deal.
He threw huge figures around and made giant commitments. Finally, he hung up
and asked the visitor, "Can I help you?"
The man said, "Yeah, I've come to activate your phone lines."

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