For the Week Ending March 11, 2016

For the Week Ending Mar 11, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Oil pricing continues to increase, supporting stocks but hurting bonds. The pressure on mortgage bonds can contribute to higher mortgage rates
European Central Bank stimulus is expected to help the EU economy and boost inflation. European inflation could contribute to U.S. inflation, pressuring rates.
Another sign of economic strength that could pressure mortgage rates is this week's jobless claims. Claims fell, indicative of a strengthening labor market.
Home prices are expected to continue to rise in 2016, forecast at a 3.6% increase. Rising prices are supported by low mortgage rates and tight supply.
Signs point to increased home purchase activity among Millennials. Among those surveyed, 48% express a desire to own a home, compared to 39% a year ago.
There are some features even Millennials don't want in a home, though. These features include an elevator, wine cellar, wet bar, and laminate countertops.
My memory has gotten so bad it has actually caused me to lose my job.
I'm still employed...I just can't remember where.

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