For the Week Ending July 22, 2016

For the Week Ending July 22, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Strong retail sales and industrial production signal improving economic growth.Positive data has markets considering a possible Fed rate increase this year.
 
Stocks continue to soar, with both the S&P and Dow hitting new all-time highs. The run up in stocks has bonds suffering, contributing to higher mortgage rates.
 
Jobless claims hit a 3-month low this week, another sign of an improving economy. Inflation has continued to be non-existent though, which is good for rates.
Although a reading of home builder confidence was down just slightly in July, builders remain positive overall about the housing market.
 
Housing starts were higher than expected for June, supported by a strengthening labor market and low mortgage rates. Permits for future building also increased.
 
The pace of annual home sales rose in June, reaching a 9-year high of 5.57 million. Median home prices also increased 4.8% over last year.
The boss of a small company was complaining during a staffmeeting that people
didnt respect him enough. Trying to change the attitude in the office, he came in
the next day with a sign for his door that said,I am the boss." The next day he
found a post-a-note in its place that said,Your wife took her sign back."

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


Email: don.riggs@cardinalfinancial.com

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