For the Week Ending May 27, 2016

For the Week Ending May 27, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Reports on retail sales, housing and industrial production offer a favorable view of growth for Q2. Continued expansion supports a Fed rate increase.
 
This week's jobless claims are lower than expected, further supporting growth.The strong labor market is a pillar of the improving economy
.
Comments by Fed policymakers also point to a nearing Fed policy rate increase. Economists speculate we may see an increase as soon as June.
New home sales surged to an 8-year high in April, jumping 16.6%. Prices for new homes also hit a record high, as tight inventory continues to drive up
 
Millennials aren't just buying homes; they're selling them too. NAR reports that the number of agents under 30 years old has increased from 2% to 5% since last year.
 
Pending home sales were up 5.1% in April, hitting the highest levels in a decade. Demand continues to soar, fueled by an improving economy and low rates.
 
All gave some, some gave all.
Thank you to all who serve and have served. As you enjoy your time with family
and friends this weekend, please take a moment to remember those who gave
their lives while serving in our military.
 
Now, to keep it fun, here's a joke that those who have served may enjoy. ????
 
"Well," snarled the tough old Navy Chief to the Seaman,"I suppose after you get
discharged from the Navy, you'll just be waiting for me to die so you can come
and laugh at my grave." "Not me, Chief!" the Seaman replied. "Once I get out of
the Navy, I'm never going to stand in line again!"

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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