For The Week Ending May 22, 2015

For the Week Ending May 22, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • Fed minutes show that members believe it would be premature to raise policy rates until later in the year. Concerns about a weak economy in Q1 remain.

  • Bond markets across the globe are finally cooling off. Less selling in the mortgage bond markets is helping to stabilize rates.

  • The latest jobless claims numbers have the lowest four-week average since April 2000. A tight labor market can boost incomes and enhance affordability.

  • Housing starts in April jumped to their highest level in nearly 7-1/2 years. The strong housing starts fit in with views that an economic rebound is underway.

  • Building permits soared in April signaling more housing growth to come. The sudden increase likely reflects pent-up demand during a harsh winter.

  • Home building is being boosted by tight inventories in existing home sales. There is also more demand as young adults are finding jobs and looking to buy homes.

The math teacher saw that Daphne wasn't paying attention in class. She called on her and said, "Daphne! What are 2 and 4 and 28 and 44?"
Daphne quickly replied, "ABC, CBS, HBO, and the Cartoon Network!"

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.

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