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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Remarkable Absence of Mortgage Rate Volatility | ||
6/18/2025 3:17 PM | ||
It happens, but it"s rare. A Fed "dot plot" day has come and gone with mortgage rates almost perfectly unchanged from the previous day. This speaks to the level of indecision not only in the market, but also among Fed members. First off, what"s a "dot plot day?" The dot plot (or simply, "the dots") refers to a chart/table in the Fed"s econo...Read More | ||
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Here"s What Changed in The New Fed Announcement | ||
6/18/2025 1:00 PM | ||
Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, remains low, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximu...Read More | ||
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HELOC, Marketing, Down Payment Products; STRATMOR Tech Survey; Compliance Based on Customer Expectations | ||
6/18/2025 10:53 AM | ||
Today we hear from the U.S. Federal Reserve. We can expect no change to overnight fed funds. As pointed yesterday by Dr. Paul Brewbaker, the economist who spoke here at the MBA Hawai’i conference, the Fed can only shoot at one target at a time: inflation or employment. They have to pick one and have picked inflation. So far so good. Besides that, h...Read More | ||
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Once Again: Today is Not About a Fed Rate Cut | ||
6/18/2025 9:47 AM | ||
Fed day is here and there"s a 0% chance of a rate cut. That"s been the case for just over a month due a combination of April"s jobs report and the stock market recovery in May (or the underlying events that helped facilitate it). In order to cut, the Fed would need to see the sort of deterioration in the labor market it saw in 2024 as well as...Read More | ||
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Dot Plot in Focus With Fed"s "No Cut" Announcement | ||
6/17/2025 3:31 PM | ||
Dot Plot in Focus With Fed"s "No Cut" Announcement Bonds lost some ground after this morning"s economic data, arguably in response to the Retail Sales control group beating its forecast. Higher-than-expected import prices could also have played a supporting role, but the selling was too modest to...Read More | ||
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Mortgage Rates Slightly Lower Ahead of Fed Day | ||
6/17/2025 2:19 PM | ||
Mortgage rates continue operating in a narrow range with almost every day of the past two months falling between 6.8 and 7.0% for a top tier 30yr fixed scenario. Today"s average rate fell 0.03 after moving up 0.06 since June 12th. This morning"s most relevant potential influence--the Retail Sales report--turned out to have a limited impact this mo...Read More | ||
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Marketing, Broker, Processing, MSR Trading Platform; LOs and MISMO; Webinars and Training | ||
6/17/2025 10:46 AM | ||
In Spain, Spaniards are shooting water pistols at foreigners to protest the impact of mass tourism: it has created a housing crunch. Tourism in the United States is down considerably, especially from Canada, impacting the economy here on Oahu and in other locations. But in the U.S. the inventory of properties for sale is increasing, and the market ...Read More | ||
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Econ Data Not Weak Enough to Help | ||
6/17/2025 9:53 AM | ||
Bonds were decently stronger in the overnight session, but not for any new, specific reasons. Trading levels have been cutting an increasingly narrow, sideways range. Until that changes, a moderate rally following 2 days of weakness is the least surprising outcome. But that was before the AM data, which featured Retail Sales at -0.9 vs ...Read More | ||
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Token Weakness Without a Cause | ||
6/16/2025 3:15 PM | ||
Token Weakness Without a Cause Sometimes bonds rally or sell-off for no apparent reason, or at least for no reason that can be easily proven. That"s been the case on each of the past two sessions with 30yr yields moving almost 10bps higher between the two of them. Geopolitical motivations ...Read More | ||
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Mortgage Rates Drift Slightly Higher to Start The Week | ||
6/16/2025 2:53 PM | ||
While there"s been no shortage of political and geopolitical headlines over the past 2 business days, there hasn"t been much by way of inspiration for the bond market. Bonds (and, thus, rates) have moved nonetheless. Perhaps it was the lower rates achieved last Thursday that prompted a pullback, or perhaps traders are pricing in some c...Read More | ||