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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Back to Uneventful Already? | ||
11/8/2024 5:14 PM | ||
Back to Uneventful Already? MBS are ending the trading day at almost perfectly unchanged levels--not the sort of thing one might expect on what has been yet another exceptionally volatile week with both a presidential election and Fed announcement. Part of the reason is that MBS happened to align well with ...Read More | ||
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Mortgage Rates Lower Again As Lenders Catch Up With Bonds | ||
11/8/2024 4:22 PM | ||
The bond market dictates day to day movement for all manner of interest rates, including mortgages. On election night, bond yields (another word for "rates") spiked as soon as traders felt the results were evident. The following morning, mortgage-backed bonds started out much weaker and mortgage rates were at the highest level in months...Read More | ||
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HELOC, Broker, Appraisal, DPA Products; Why Credit Costs Matter; Variance in Q3 Earnings | ||
11/8/2024 11:10 AM | ||
Many believe, and with good reason, that there will be some turnover at the CFPB coming up. Here are the pay grades if you’re interested in a job. (I can’t attest to the accuracy of Rohit Chopra’s comp.) The MBA’s latest prediction for 2025 is that residential volume will be up nearly 30 percent, and the industry hopes the MBA is right. According t...Read More | ||
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Bonds Making a Stronger Case For Buying The News After Selling The Rumor | ||
11/8/2024 10:41 AM | ||
"Buy the rumor, sell the news" is an age-old aphorism in financial markets for a reason. It accurately speaks to the real and repeatable phenomenon whereby traders trade all the information and indications about a specific event well before the event itself. The most obvious and and reliable example is that of Fed rate cuts/hikes which ...Read More | ||
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Breaking Down The Big (Mostly) Non-Fed-Related Rally | ||
11/7/2024 4:12 PM | ||
Breaking Down The Big Non-Fed-Related Rally As intraday charts give way to daily charts in the coming weeks, it will be all too easy to look back on today"s calendar and conclude that it could only have been the Fed announcement that was capable of motivating a 10+bp rally in Treasuries and a half point gai...Read More | ||
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Tricky Day... Mortgage Rates Fall Significantly, But Not Because of The Fed | ||
11/7/2024 3:33 PM | ||
There"s a distinct risk that, even in the financial community, that people will look back on today"s drop in interest rates and conclude it must have something to do with the Federal Reserve"s latest policy announcement. After all the Fed did cut its policy rate by 0.25% today, and the Fed was the only big ticket event on the calendar. Unfor...Read More | ||
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Here"s What Changed in The New Fed Announcement | ||
11/7/2024 1:00 PM | ||
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains Since earlier in the year, labor market conditions have slowed, generally eased, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee’s 2 percent objective but remains somewhat eleva...Read More | ||
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Token Resilience After Data. Is The Fed Going to Mention The Election? | ||
11/7/2024 11:27 AM | ||
This morning"s only relevant economic data was weekly jobless claims. The headline was right in line with forecasts and the non-adjusted number keeps 2024 right in line with recent years... no trading motivations there. But the continuing claims number is still rising. Not only was it higher than expected, but it was also the high...Read More | ||
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Best Ex, Hiring Risk Mitigation, DPA, Correspondent, Dashboard Tools; MBA Pres. Broeksmit on the Election | ||
11/7/2024 9:20 AM | ||
You knew that Minnesota has 90,000 miles of shoreline, more than California, Florida, and Hawaii combined, right? Here at Servion’s Fusion 24 event in Minneapolis, credit union talk is focused on helping members: “If you want a client for life, ask them about their life.” Some of the talk also is about the results of the election. Certainly the bon...Read More | ||
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Does The Fed Still Matter? | ||
11/6/2024 4:29 PM | ||
Does The Fed Still Matter? Bonds sold off overnight as the reality of Trump"s victory became apparent. Traders more or less nailed the trading levels right out of the gate. This didn"t leave much room for volatility during domestic hours (10yr yields started the day around 4.45 and are ending ar...Read More | ||