For The Week Ending September 11, 2015

For the Week Ending September 11, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • The labor market improved as fewer Americans filed for weekly unemployment benefits, adding to speculation that the Fed may raise policy rates this month.

  • Alternatively, inflation pressure remains weak as import prices continued to drop. Weak inflation could cause the Fed to hold off on raising policy rates.

  • Weakness in global economies, especially China, could also cause the Fed to hold off. Mortgage rates remain stable while the markets wait for a Fed decision.

  • More respondents of Fannie Mae's Home Purchase Sentiment Index think it is a good time to buy a house. Continued low mortgage rates helped fuel the optimism.

  • New home sales are more than 20% higher than last year's pace. Some analysts fear that new home supply could become an issue and more homes are needed.

  • Man caves are being bumped aside for "she sheds." These backyard retreats are being designed for hobbies such as painting, ceramics, and gardening.

The owner of a company tells his employees:
"You worked very hard this year; therefore, the company's profits increased
dramatically. As a reward, I'm giving everyone a check for $5,000."
Thrilled, the employees gather round and high five one another, before hearing the
boss say, "...and if you work with the same zeal next year, I'll sign those checks.

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.

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