For the Week Ending May 13, 2016

For the Week Ending May 13, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
With no clear signs of inflation, markets are now betting that the Fed will not raise policy rates in June. Concerns about a sluggish economy support lower rates
 
Following a slowdown last month, jobless claims rose last week to the highest number in more than a year. Concerns about the health of the labor market can also help to support lower rates.
 
Balancing the pressures on rates, oil prices have hit new 2016 highs. Higher cost for oil is good for stocks and typically the opposite for bonds.
 
 
Low mortgage rates have contributed to an improvement in housing affordability for the first quarter of 2016, despite an increase in prices.
 
Home prices climbed in 87% of the U.S. metropolitan areas in the first quarter.The increases are caused by buyers competing for a tight supply of listings.
 
Home buyers are finding more outdoor features as they hunt for homes. Improvements in lighting, privacy, and amenities like fire pits are now common
Four high school boys afflicted with spring fever skipped morning classes. After
lunch they reported to the teacher that they had a flat tire. Much to their relief she smiled and said, "Well, you missed a test today, so take
seats apart from one another and take out a piece of paper.
"Still smiling, she waited for them to sit down. Then she said: "First question:
Which tire was flat?"

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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