For the Week Ending June 3, 2016

For the Week Ending June 3, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Comments from Fed Chair Janet Yellen signal a Fed policy rate increase is possible as soon as this month. Rates may rise along with expectations.
 
However, global concern that Britain may leave the European Union is helping. Traders are seeking safety in bonds, supporting lower rates.
 
Oil prices, a driving factor in rates this year, have risen rece ntly but are capping out around $50 a barrel. If oil continues to rise, it could contribute to higher rates.
Construction spending was down in April 1.8%, but March datawas revised up 1.5%. Overall though, spending remains strong, increasing 4.5% vs. April of 2015.
 
Home price appreciation remained strong in March, nearing 2006 record highs. Price gains are supported by limited inventory and continued low mortgage rates.
 
Regardless of rising prices, 1 in 3 Americans surveyed say it is a good time to buy a home. An all-time high of 15% of those surveyed say it is a good time to sell.
 
The CEO of a large company was walking to the cafeteria a long with two of his
secretaries. He tripped on a bottle, and a genie appeared and asked the
threesome if each would like to make a wish.
The first secretary excitedly exclaimed,I wish I were on a beach on a tropical
island!Immediately her wish was granted.
The next secretary proclaimed, I wish I were on a tour of France! Immediately
her wish, too, was granted.
Being that it was now his turn to make a wish, the CEO exclaimed,I want the two
of them back in their offices right after lunch!

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

Visit the NMLS Consumer Access website for regulatory information about us. Cardinal Financial Company, Limited Partnership NMLS ID 66247).
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