For The Week Ending September 4, 2015

For the Week Ending September 4, 2015

Please enjoy this quick update on what happened this week in the housing and financial markets
  • July's trade deficit fell to the lowest level in 5 months, signaling underlying economic strength. This is good news for the economy but bad news for rates.

  • Two positive manufacturing reports point to a continued strengthening of the economy. Economic improvements could eventually lead to higher rates.

  • Stock market volatility could affect the Fed's decision on when to raise policy rates. Strong economic reports support Fed action, possibly in September.

  • After a tepid number in June, construction spending rebounded in July to its highest level in 7 years. An increase in inventory could help increase sales.

  • Strong buyer demand in July pushed the number of days properties were on the market down to 42. Last year in July, the average number of days was 48.

  • Fannie Mae reports that mortgage delinquencies continue to drop. The serious delinquency rate is now at the lowest level since August 2008.

A truck driver was driving along the highway when he saw a sign, “Low Underpass
Ahead.” Thinking his truck could for sure make it, he drove under and got stuck.
Soon all the other drivers were honking their horns and shouting. Before long, a cop
came and said, “What’s the problem? Got stuck, huh?" Thinking quickly, the truck
driver smiled and said, “No, I didn’t get stuck. I was delivering this bridge and ran
out of gas.

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