For The Week Ending July 3, 2015

For the Week Ending July 3, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • Weak jobs data pointing to a softer economy may delay a Fed policy rate hike later this year. A weaker economy helps keep mortgage rates from increasing.

  • Conversely, consumer confidence and spending rose in June. Spending increases can fuel inflation, and that can lead to higher mortgage rates.

  • Europe's problems in Greece caused some volatility in mortgage rates this week. Greece's debt payment default will likely continue to affect rates.

  • May pending home sales were at the highest levels in 9 years. Contracts to buy previously owned homes have now increased for the fifth straight month.

  • Sales of new and existing homes are rising, and construction of new homes showed strong gains in May. Home prices continue to rise a cross the country.

  • Less than 25% of home purchases were all-cash transactions in May, falling to a 5-year low. The market is being driven by traditional buyers rather than investors.

A company sales representative walks into his boss's office looking a bit ruffled.
"Boss," he says, "I have bad news."
"Don't always be so negative," says the boss. "Sales is all
about a positive attitude."
"Okay," says the sales rep. "The air bag works in the company car."

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