For the Week Ending September 18, 2015
NOTE: At the time of this writing, the Fed announcement is still pending. Here are the factors that may have influence in their decision.
Consumers showed confidence by spending, as retail sales improved in August. Increases in spending could help the Fed decide to raise policy rates this week
Fewer new applications for unemployment this week also evidence economic strength. Jobless claims fell to the lowest level in eight
Whatever the Fed decides to do regarding policy rates this month, market volatility is expected to follow. Mortgage rates should remain relatively stable though.
New housing starts remained above a one million-unit pace for the fifth straight month. Strong demand for housing continues to require more new home building
Building permits increased 3.5% in August, signaling that more new homes will be built in the future. Single family permits rose to highest levels since January 2008.
Homebuilder sentiment is at a 10-year high. Strong demand for new homes continues to be fueled by a strong labor market and low mortgage rate.
Fresh out of business school, the young man answered a want ad for an
accountant. Now he was being interviewed by a very nervous man who ran a small
business that he had started himself.
"I need someone with an accounting degree," the man said."But mainly, I'm looking
for someone to do my worrying for me."
"Excuse me?" the accountant said.
"I worry about a lot of things," the man said. "But I don't want to have to worry about
money. Your job will be to take all the money worries off my back."
"I see," the accountant said. "And how much does the job pay?"
"I'll start you at one hundred fifty thousand."
"One hundred fifty thousand dollars!" the accountant exclaimed. "How can such a
small business afford a sum like that?"
"That," the owner said, "is your first worry."
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.
Area Manager NMLS ID # 132702
NMLS ID # 6666 (www.nmlsconsumeraccess.org)
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