For the Week Ending June 17, 2016

For the Week Ending June 17, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Policy rates remain unchanged after the Fed's June meeting. The odds of two rate hikes in 2016 have fallen, with six members anticipating only one.
 
A July increase may hinge on a strong monthly jobs report. The current four- week average for jobless claims is strong, supporting a possible change.
 
Britain's voters will decide whether to exit the EU on June 23. Expected volatility in the stock and bond markets could lead to the same for mortgage rates.
Student loans impact not only buyers, but also sellers. A new survey shows that 1/3 of homeowners with student debt are delaying a sale.
 
Don't discount Baby Boomers just yet. 19 million 55+ homeowners plan at least one more home purchase, with 8 million expecting to move within four years.
 
Foreclosure and serious delinquency rates have dropped to post- crisis lows, due in part to strong appreciation in home values.
A company owner was asked a question, "How do you motivate your employees
to be so punctual?"
He smiled and replied, "It's simple. I have 30 employees and 29 free parking
spaces. One is paid parking."

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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