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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| Rates Jump to New 2-Year Highs After Fed Announcement | ||
| 1/26/2022 5:04 PM | ||
| Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook. In not so many words, the Fed sees itself hiking rates and decreasing its bond purchased more quickly than previously expected. It has conveyed this in various ways since the beginning of the month. Today"s policy a...Read More | ||
| MBS Live Recap: Fed Stays Course on Policy Tightening and Rates Don"t Like It | ||
| 1/26/2022 3:51 PM | ||
| Fed Stays Course on Policy Tightening; Calls Out MBS As expected, the Fed announcement did nothing to alter the outlook for impending rate hikes starting in March and balance sheet normalization starting some time after rate hikes. The only somewhat surprising development was a specific mention of the...Read More | ||
| MBS Live Commentary: Differences Between Previous and Current FOMC Statements | ||
| 1/26/2022 1:01 PM | ||
| The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators Indicators of economic activity and employment have continued to strengthen. The sectors mos...Read More | ||
| New Home Inventory Rises 58% Year-Over-Year | ||
| 1/26/2022 10:32 AM | ||
| New home sales finished the year less spectacularly than they started it, but the 11.9 percent month-over-month increase was the best since last March. The U.S. Census Bureau and Department of Housing and Urban Development reported that newly constructed homes sold during the month at a seasonally adjusted annual rate of 811,000 compared to a rev...Read More | ||
| Company Sponsored Webinars; Vendor Products; Apps Drop; Bonds Tread Water to vendors; last week"s apps drop | ||
| 1/26/2022 9:00 AM | ||
| One conversation topic not in the hallways here at the MBA’s Independent Mortgage Banker Conference in Tennessee is the death of the original voice of Charlie Brown. The huge cost of health care is, however, and lenders can lower costs by negotiating. “Votre grand-mère donne de superbes massages!” Are things like free daily commentaries with French...Read More | ||
| MBS Live Morning: Fed Day! Here"s What Matters | ||
| 1/26/2022 8:46 AM | ||
| Recent major Fed communications have had a tendency to stoke the fires of momentum in the bond market. This began in earnest in September. Not every meeting or meeting minutes release has been bad for bonds, but almost all of them have resulted in some movement. Today"s should be no exception despite the fact that the Fed will...Read More | ||
| Refi Applications Plunge to Two-Year Low as Rates Surge | ||
| 1/26/2022 7:33 AM | ||
| Even for a week containing a holiday, last week was a bad one. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell 7.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6 percent compared to the previous week. The week...Read More | ||
| Mortgage Rates Remain Exceptionally Stubborn Ahead of Fed | ||
| 1/25/2022 2:45 PM | ||
| It"s a tale as old as time for those who closely follow the day to day gyrations in the mortgage market. Bond volatility forces lenders to raise rates fairly quickly. Lenders then wait for market gains AND stability before adjusting rates back toward previous levels. Even then, rates remain slightly higher than the bond market s...Read More | ||
| MBS Live Recap: Intraday Volatility But Mostly For Treasuries; Fed On Deck | ||
| 1/25/2022 2:30 PM | ||
| Intraday Volatility But Mostly For Treasuries; Fed On Deck Bonds began the day trading right in line with yesterday afternoon"s higher yields (or lower prices). The first two hours saw a decent rally with trading levels nearly returning to yesterday"s stronger range. A bounce in stocks just afte...Read More | ||
| Fannie & Freddie Updates; Automation/Pricing/LOS Products | ||
| 1/25/2022 10:31 AM | ||
| Numbers are interesting things. “1” is the number of dogs, that I know of, rescued by a drone dragging a sausage and leading the dog to safety out of a mud flat. “38.2” was the United States’ median age in 2018. (Yes, half above, half below… and it is up from 37.2 in 2010.) “$9 trillion” is the Federal Reserve’s bond portfolio which Federal Reserve...Read More | ||