Whats Happened this week in the housing market

In testimony to Congress, Fed Chair Janet Yellen signaled that the Fed would likely raise policy rates later this year. The first hike is expected in September. Retail sales slipped slightly in June, raising some concerns that the economy could be slowing down. Slow economic growth is good for mortgage rates. Greece has finally agreed to terms for financial bailout in Europe. The recent turmoil supporting rates will likely no longer be a factor. The NAHB reports builder confidence at the highest level since 2005. More builders are optimistic about current and future sales conditions for new homes. Foreclosure activity was at the lowest level in a decade during the first half of 2015. Foreclosure starts are below pre-crisis levels, signaling housing market strength. First-time buyers are gaining confidence and continue to join the housing market. Their participation has increased from 27% to 32% of the market year-over-year. A young businessman had just started his own firm. He rented a beautiful office and had it furnished with antiques. Sitting there, he saw a man come into the outer office. Hoping to look like a hot shot, the businessman picked up the phone and started to pretend he was working on a big, important business deal. He threw huge figures around and made giant commitments. Finally, he hung up and asked the visitor, "Can I help you?" The man said, "Yeah, I've come to activate your phone lines." Shared with me By Shannon Martinez  Mortgage Banker NMLS 267394 (626) 255-7605 smartinez@envoymortgage.com ShannonMartinezLender.com Envoy Mortgage, NMLS #6666

The Healthiest People in the World & How They Got That Way

The Secret to Achieving Old Age

We all want to enjoy as many healthy years as possible. But the secret to a long life is not a simple one, rather, it is made up of many little secrets, that include: Eating habits, daily routines, good genetics, avoidance of certain materials as well as good sleep and good mental health.  So what ARE these secrets, specifially? Why do some countries have a higher average age than others, while some individuals live significantly longer than 100 years? and what can people do to prolong the life span they have been given at birth, and so spend more time with their family and loved ones? We don't have all of the answers, but we do have some valuable information and recommendations for you!