For The Week Ending June 26, 2015

For the Week Ending June 26, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • Europe continues to influence mortgage rates. This week's action was driven by negotiations over Greece's looming debt payment.

  • This year's Q1 economic slowdown was less severe than estimated, raising expectations for growth in 2015. A strong economy will usually lead to higher rates.

  • Consumer spending rose in May at the fastest rate in almost 6 years. Increased consumer spending fuels the economy and could lead to higher rates.

  • Existing home sales surged to a 5-1/2 year high in May, the latest indication that housing and overall economic activity were gathering steam in the 2nd quarter.

  • First time buyers led the market, accounting for 32% of home buying transactions in May. Stronger wage growth is one factor spurring market improvement.

  • New home sales in May were an astounding 19.5% higher year-over-year. Available new homes have dipped to a 4.5 month supply.

The boss has just caught you sleeping at your desk...think quickly...what do you
say?
"They told me this might happen after donating all that blood."
"This print is getting smaller and smaller. Perhaps I
should make that appointment with the optometrist."
"Jeez, thanks for interrupting. I almost figured out how
we could solve that problem with..."
.

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.

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