The August Group Inc. is your source for dependable Real Estate Appraisals in Saint Louis City and the following counties in Missouri; St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois.Whether it's an older home or luxurious new construction, Jeffrey Noyes' experience and hours of study as licensed appraiser make him qualified to provide home valuations in Saint Louis City, St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois County for clients ranging from national mortgage companies to local lenders or individual businesses and consumers.
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| MBS Live Recap: Bonds Holding Gains Despite Bounce in Stocks; Fed Minutes Uneventful | ||
| 5/25/2022 4:48 PM | ||
| Bonds Holding Gains Despite Bounce in Stocks; Fed Minutes Uneventful Today"s Fed Minutes proved to be every bit as uneventful as they might have been. There was no meaningful reaction in the bond market, though one might content that stocks improved as a result. Therein lies the day"s most ...Read More | ||
| Have Rates Finally Turned a Corner? | ||
| 5/25/2022 4:46 PM | ||
| Mortgage rates fell again today, bringing them even deeper into their best levels in over a month, but caveats abound. First off. They"re still quite high in the bigger picture. Moreover, much of the recent drop was arguably made possible by an equally abrupt spike that began in the last week of April. In other words, if we ...Read More | ||
| Mortgage Applications Still Contracting, But at a Slower Pace | ||
| 5/25/2022 3:08 PM | ||
| Today"s weekly mortgage application survey from the Mortgage Bankers Association (MBA) was fairly unsurprising in that applications declined, but at a slightly slower pace compared to recent weeks. The moderation in the pace makes sense for a few reasons. First off, refi applications are near their historical lower boundary. Secondly, i...Read More | ||
| Capital Markets, Purchase Advice Products; Investor Agency Changes; Rates Hit Housing; IMB Costs Head Higher | ||
| 5/25/2022 9:47 AM | ||
| All the stories that could be told, and so many that have yet to happen. And now 19 that never will be. It is very hard to go about one’s day, whether one has children or not, or a teacher in their family as I do, or not, given what happened in Uvalde, Texas, yesterday. Or to imagine what being in that classroom was like. And just like after every ...Read More | ||
| MBS Live Morning: What Can Today"s Fed Minutes Tell Us That We Don"t Already Know? | ||
| 5/25/2022 9:02 AM | ||
| In the run up to the most recent Fed announcement, the 50bp rate hike was a foregone conclusion. There was some uncertainty about how the Fed would announce balance sheet normalization, but there too, they stuck to the script. With normalization underway and ample Fed comments in the past 2 weeks on the certainty of several 50bp rate hi...Read More | ||
| Lowest Rates in More Than a Month | ||
| 5/24/2022 3:59 PM | ||
| Mortgage rates have generally been moving lower for more than 2 weeks now. Today"s gains were enough to bring them to their best levels in just over a month. Compared to the most recent highs (also the highest levels in more than a decade), the average lender has improved by roughly 0.35% . That means the actual note rate will be 0.25%...Read More | ||
| MBS Live Recap: Rate Rally Returns With Help From Housing Data | ||
| 5/24/2022 3:23 PM | ||
| Rate Rally Returns With Help From Housing Data How about a good, old-fashioned market reaction to weaker economic data? We"ve seen it a few times recently, but not in response to an "almost never" market mover like New Home Sales. Today was an exception owing to the 591k headline vs a 750k forec...Read More | ||
| New Home Sales Plummet: Big Wake Up Call or a Logical Shift? | ||
| 5/24/2022 12:43 PM | ||
| The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to ignore higher interest rates is nothing new for home sales. In fact, sometimes we see almost no reaction in sales numbers when rates rise. The following chart shows several o...Read More | ||
| MBS Live Morning: Lowest Yields in Almost a Month After Stocks Stumble Early | ||
| 5/24/2022 10:31 AM | ||
| Another day, another headline with the word "stocks." Yesterday it was a stock market recovery pulling bond yields higher. Today it"s renewed weakness in equities leading yields to their lowest levels since late April. But in today"s case, we have to acknowledge the bond market"s leadership in the rally, at least as far as the pac...Read More | ||
| Fee Collection, Subservicing, Processing, Sales Tools; Events and Webinars Through June | ||
| 5/24/2022 9:53 AM | ||
| The last pay phone was removed from New York City yesterday. (Heck, growing up I financed my baseball card purchases by looking for loose change in those and newspaper vending machines.) Communication is certainly always changing, and successful loan officers and managers are adept at knowing the best way to communicate with others. Communication a...Read More | ||